Herzfeld & Rubin, P.C.125 Broad Street, New York, NY, 10004
Arthur M. Strauss is
the chair of the Real Estate Department at Herzfeld & Rubin P.C.
and has, for many years, specialized in the handling of complex
commercial and residential real estate transactions in New York
State and nationally. The scope of his participation as lead
counsel in numerous local and national transactions has
encompassed the structuring, negotiation and successful
consummation of development projects involving the new
construction and/or renovation of residential, office and retail
properties, the organization, negotiation and structuring of
complex joint ownership vehicles in the form of general and
limited partnerships, limited liability companies, TIC
Agreements, corporate shareholder agreements and the like.
His involvement in these real
estate transactions spans the spectrum of the ownership,
development and operation of properties, beginning with the
acquisition and subdivision of large tracts of land or the
acquisition, construction and/or renovation and conversion of
An essential part of each transaction, whether it be the
acquisition and development of a vacant or unimproved parcel or
the purchase of an existing income producing property, involves
the financing of the project, the structuring of the ownership
vehicle for each project, and the operational aspects of
ownership including the leasing and management of same. A
significant part of Mr. Strauss' practice focuses on the
negotiation of complex construction loan documents and
construction agreements and, in this capacity, Mr. Strauss has
represented both lenders and borrowers, with the emphasis of his
practice, more recently, focused on “borrower” representation.
The types of loans handled by Mr. Strauss include securitized
and syndicated loan transactions in connection with the
acquisition, construction and development of projects,
conventional permanent mortgage loan transactions, mezzanine
loan transactions, “preferred equity” loan transactions, loan
defeasance transactions, CMBC and REMIC loan modifications, and
the refinancing and recasting of existing loans secured by
traditional mortgages liens or collateralized by ownership
interests in the projects.
The scope of Mr. Strauss'
practice also encompasses the cooperative and condominium
conversion of new and existing properties (both residential and
A significant portion of Mr.
Strauss' practice involves the leasing of office and retail
space in the City of New York and surrounding areas, and most
recently has involved the leasing of large tracts of land in
Long Island for both commercial and educational use. Mr. Strauss
has also represented the interests of a number of high profile
retail and restaurant clients, both domestic and foreign, in
connection with their leasing of space in New York City and
surrounding areas and, in a number of instances, their leasing
of space in metropolitan areas in other states, e.g. Florida,
Connecticut, Texas, Nevada and New Jersey.
Mr. Strauss' many years of
practice has afforded him the opportunity to represent many of
the industrys’ renowned owners and developers in connection with
their involvement in many high profile projects (primarily in
New York City), numbered among which, in recent years, has been
the acquisition and financing of the historic New York Times
Building, the iconic Clock Tower Building and the renowned
Apthorp residential project. Mr. Strauss was also intimately
involved in the acquisition of one of New York City's largest
waterfront projects known as The Edge in Williamsburg, Brooklyn.
Mr. Strauss has also been a
member of several notable law organizations including The
American Bar Association, The Association of the Bar of the City
of New York, the New York State Bar Association,, the Nassau
County Bar Association, and has also lectured on varying aspects
of the practice of real property law, including several lectures
that have been CLE certified.
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125 Broad Street, New York, New York, 10004 - Phone: 212-471-8500 - Fax: 212-344-3333©2004 -2014 Herzfeld & Rubin, P.C.