IX Legal Personal Injury Case Results

Successfully represented a real estate investment fund client in connection with the acquisition and development of a to-be-built, 252-unit residential townhome community (having an estimated as-completed value of ~$75,000,000.00) on ~26.2 acres of vacant land in the Mid-Atlantic region of the United States.

Successfully completed a 31-building, approximately $70M refinancing package for a multi-generational-family-owned real estate holding company. By forging a strategic partnership with Chase Bank, N.A., Matthew was able to effectuate a 6-month interest rate lock that allowed the borrower to realize the rates available in September 2021, while closing in March 2022. This extended period allowed the borrower to forgo paying a prepayment penalty to the pay-off bank of roughly $6.5M.

Matthew successfully completed a 1031 tax-free exchange transaction with assets totaling roughly $19M. In connection with this tax-free exchange, the Firm successfully assisted our clients with the negotiation and sale of a triple-net retail site in Charleston, South Carolina and the purchase of a newly renovated 50-unit multifamily property in Bridgeport, CT located in a Federal Opportunity Zone. Additionally, the Firm assisted our client with obtaining very favorable loan terms for financing.

Successfully facilitated the sale of $15M worth of triple net Walgreens assets in two closings. One sale is currently part of a 1031 tax-free exchange that will allow the client to purchase a 50-unit multifamily asset in an opportunity zone in Bridgeport, CT.

Successfully negotiated a purchase and sale agreement in connection with $15,000,000.00 acquisition of 363-unit single-family, apartment and mobile home rental community in Ocala, FL on behalf of the purchaser.

Successfully negotiated a heavily contested general release and settlement agreement for the surrender of the possession of a commercial rental space in lower New York, under the guidance of Co-Founder Michael Iakovou and Senior Associate Matthew Zwiren. Kyriaki protected our clients - a corporate commercial tenant and its personal guarantor - from a landlord who was seeking to impose over $14M of liability on both the corporation and guarantor.

"Successfully represented the purchaser of a $12,700,000 joint venture acquisition of a 95-room multinational franchised hotel located in the southeastern region of the United States. This purchase was financed utilizing a $7,350,000 first-position CMBS mortgage loan, which the firm assisted the client in negotiating and placing.

Successfully represented a hospitality client facing a $10,000,000 lawsuit in alleged damages for breach of commercial lease, cumulative arrears and damages to a commercial property in downtown New York. Michael was able to tactfully secure a full release and indemnification for any damages on behalf of his client from the landlord while also simultaneously negotiating a combination of reductions and releases on all third-party vendor claims against the tenant client.

Successfully structured and negotiated operating agreement for multi-member joint venture vehicle in connection with acquisition of forty-three (43) condominium units on Collins Avenue in Miami Beach, Florida for an aggregate purchase price of $9,740,000.00.