is a partner resident in Fried Frank's New York office and a member of the Firm's Real Estate Department.
Mr. Lifschitz counsels financial institutions, owners, developers, and domestic and offshore investors in a broad range of highly-complex commercial real estate transactions, including representing both borrowers and lenders in connection with mortgage, mezzanine, and construction financings, preferred equity investments, and portfolio loans. He also represents clients in acquisitions and dispositions and in joint ventures relating to the development of commercial and residential properties.
His diverse list of clients includes RXR Realty, The Blackstone Group, Brookfield, The Children's Investment Fund, J.P. Morgan, and Starwood Property Trust.
Mr. Lifschitz is recognized by Legal 500
in the Real Estate Category. In addition, he was recognized in Real Estate Weekly's
2018 list of Rising Stars in Real Estate and Real Estate Forum's
2018 “Commercial Real Estate's 50 Under 40.”
Recent representations include:
- RXR Realty in connection with the following:
- Combined US$137.5 million mortgage and mezzanine loan origination to finance the development of The St. Regis Residences, Rye, in Rye, New York.
- The acquisition and initial financing of the one-million-square-foot building located at 32 Old Slip in New York City and the subsequent US$404 million mortgage and mezzanine refinancing for the property.
- US$200 million loan from Morgan Stanley to finance its acquisition of an office condo interest at 530 Fifth Avenue.
- Refinancing and equity recapitalization of 61 Broadway, a 33-story, 787,000-square-foot office tower in lower Manhattan.
- US$463 million, to affiliates of Extell Development Company, to finance the construction and development of three residential and mixed use properties in Manhattan—555 Tenth Avenue, 500 East 14th Street and One Manhattan Square.
- Brookfield Asset Management in connection with its US$714 million refinancing of a portion of the Putnam Portfolio consisting of five multifamily buildings in Upper Manhattan owned in a joint venture with Urban America.
- A private fund controlled by Brookfield Asset Management in connection with its approximately $1.2 billion sale of a portion of the Putnam Portfolio comprising five residential assets consisting of approximately 2,800 rental apartment units in New York City, to a joint venture between L + M Development Partners and Invesco Real Estate.
- Brookfield Property Partners in connection with its US$1.15 billion financing of the office portion of 5 Manhattan West from a syndicate of mortgage lenders.
- Blackstone in connection with the following transactions:
- Combined US$227 million mortgage and mezzanine financing to affiliates of a major sponsor to finance the acquisition of, and certain improvements to, a sprawling 400 acre hotel and resort property.
- US$300 million mortgage loan to an affiliate of Extell Development Company in connection with Extell's acquisition and development of the property known as Central Park Tower, where Extell is constructing Manhattan's first Nordstrom department store, and a residential tower intended to be one of the tallest residential buildings in the Western Hemisphere.
- A joint venture between J.D. Carlisle Development Group and Fosun International in connection with its US$350 million construction financing from Bank of the Ozarks for its 66-story condominium development at 126 Madison Avenue.
- The Children's Investment Fund in its US$239 million construction financing to a joint venture of Alcion Ventures and Genton Property Group in connection with the development of the Four Seasons Private Residences Los Angeles in Beverly Hills, CA.
- JPMorgan Chase in connection with the following:
- As lead lender, in the origination and syndication of a US$900 million construction loan to affiliates of Extell Development for the development of Central Park Tower in New York, NY.
- US$600 million mortgage and mezzanine financing relating to The Astor on West 75th Street in New York, NY; 88 and 90 Lexington Avenue, New York, NY; and The Metro on 53rd Street in New York, NY.
- JPMorgan Chase and Starwood Property Trust in connection with their co-origination of mortgage and mezzanine loans aggregating US$900 million to WeWork Property Investors to finance its acquisition of, and major renovations to, the iconic Lord & Taylor flagship store at 424 Fifth Avenue in New York, NY.
- Starwood Property Trust in its US$262 million construction loan for the development of more than 300 single family homes on a 195 acre site along the coast of the Pacific Ocean known as Marblehead in San Clemente, CA.
Bar Admissions/Licensed Jurisdictions
New York; New Jersey