Fried Frank

Where major real estate transactions happen

Hudson Yards

Counsel to Related Companies and Oxford Properties Group in connection with the development of and all leasing activities at the 26-acre Hudson Yards on the West Side, the largest private development in Manhattan since Rockefeller Center.

Chelsea Market

Counsel to Google in connection with its US$2.4 billion acquisition of Chelsea Market in New York City.

Blackrock Headquarters

Counsel to BlackRock in its 850,000square-foot lease for its planned headquarters relocation to 50 Hudson Yards.

Manhattan West

Counsel to Brookfield Property Partners on all aspects of the development of Manhattan West in the Hudson Yards District, including its recent lease to the National Hockey League.

Penn Station

Counsel to Vornado Realty Trust and Related Companies on the redevelopment of Penn Station, including the redevelopment of the James A. Farley building and construction of Moynihan Train Hall.

Central Park Tower

Counsel to J.P. Morgan, as lead lender, in its US$900 million construction loan syndication to Extell Development for the development of Central Park Tower.

One Vanderbilt

Counsel to SL Green Realty Corp., including all zoning approvals, in connection with the development and leasing of One Vanderbilt Avenue, an iconic 1,401-foot tall, 1.7 million square foot office tower being constructed on the full block to the west of Grand Central Terminal.

20 Times Square

Counsel to Maefield Development in its approximately US$1.5 billion acquisition of the EDITION hotel, retail, and signage project known as 20 Times Square.

Jp Morgan Chase Headquarters

Counsel to JP Morgan Chase in connection with various aspects of its planned 2.5-million-square-foot headquarters redevelopment at its 270 Park Avenue location.

Crowley To Lead Building Trades Employers Association

Elizabeth Crowley, a former New York City Council Member, will succeed Lou Coletti as president and CEO of the Building Trades Employers Association (BTEA). She is the first woman to lead the organization.

As a member of the New York City Council, Crowley successfully fought for record funding for construction of schools and passed resolutions that strengthened construction safety standards, expanded opportunities for minority- and women-owned business enterprises and funded programs that provided industry training including nontraditional employment for women.

RAISE COMMERCIAL REAL ESTATE SIGNS FOR 4,000SF IN MIDTOWN SOUTH

Raise, a real estate technology and brokerage firm that delivers workplace solutions to global clients, signed a three-year, 4,000-squarefoot lease at 184 Fifth Ave. for its New York City headquarters. The company will locate from Chelsea.

The new headquarters will support the day-to-day operations of Raise’s New York City-based team as well as allow for the firm to continue its growth. Raise was represented by its NYC team of Jamie Katcher, Doug Regal, Sebastian Infante, Emilie Goldman and Henry Korzec. The landlord was represented by Ben Waller at ABS Partners Real Estate.

Turnbridge Equities Brings Retail And Office Development To Nashville

Turnbridge Equities has broken ground on Ashwood 12 South, a 116,500-square-foot, mixed-use retail and office development in Nashville’s 12 South neighborhood. Located at 2212 12th Ave. South in a major shopping, dining and entertainment corridor, the 1.92-acre development is anticipated for com- pletion in Q4 2024.

Ashwood 12 South will bring 44,500 square feet of retail and restaurant space and 72,000 square feet of Class-A, small-format office suites to the cultural hub. It also includes a pedestrian-friendly streetscape and landscaped outdoor common areas.

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Freedom Plaza Introduces Momentum Partnership Program

New York City. The New York State Restaurant Association, a nonprofit organization that provides resources and support services to hospitality members, joined Mohegan and Soloviev Group in announcing the economic development initiative.

restaurants, retail stores and other businesses.

To support local busineses, Mohegan, the gaming developer and operating partner for Manhattan’s proposed East River cultural and community destination Freedom Plaza, has introduced the Mohegan Momentum Partnership Program for

Mohegan is offering local businesses the opportunity to participate in its Momentum Partnership Program, which would provide millions of dollars annually in flexible gaming-based rewards, incentivizing its hotel and gaming venue guests to visit and support local, New York City and Greater New York City area

Restaurants that have joined the program include Il Monello, Tuscany Steakhouse and the two Midtown Manhattan locations of Il Tinello, among others. Participating businesses will have the choice of accepting either the cash equivalent of gaming and hospitality complex rewards via reimbursement or providing guests with special discounts and unique offers. Reimbursement will be provided by Mohegan and determined based on the partnership agreement.

SCHELIN ULDRICKS & CO. ARRANGES $63M FOR ROHNERT PARK MIXED-USE

in the project to fund construction of a residential development on unencumbered land adjacent to the site.

Schelin Uldricks & Co. arranged a $63 million loan to refinance Somo Village, a 593,645-square-foot, mixed-use real estate project in Rohnert Park, California. The financing enabled the property owners to recapitalize and access some of the equity

“We marketed this financing opportunity across a wide spectrum of lenders including regional banks, CMBS lenders, life companies and money center banks. We went through a three-round bidding process before selecting a national lender,” said Ethan Schelin, managing partner at Schelin Uldricks.

“Some real estate sponsors are sensing that the real estate market is heading toward price correction, so they are interested in bolstering liquidity ahead of any disruptions,” remarked Derek Uldricks, managing partner at Schelin Uldricks. “Many investors look back and wish they had more cash to invest in real estate when it was an out-of-favor asset.”

Somo Village serves as a hub of both national and local business in the area as well as a model for economic and environmental sustainability. The project generates 4 megawatts of energy across the vast array of solar panels affixed to the roof of the project, drastically reducing reliance on the California energy grid.