Alexander B. Sutherland

Alex Sutherland represents developers, lenders, owners, and institutional investors in a variety of commercial real estate transactions.

Clients trust Alex to handle acquisitions, dispositions, financing, development, and leasing of commercial, residential, hospitality, and mixed-use properties.  

Both The Legal 500 US and IFLR 1000 have recognized Alex as a “Rising Star” in Real Estate. Alex is also recognized in New York Real Estate Journal’s “Ones to Watch” category.

Work Highlights

• Blackstone:
  • $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.
  • Combined $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.
     
• Extell Development Company in its $530 million mortgage and mezzanine financing for Brooklyn Point, a 68-story luxury residential tower in Downtown Brooklyn.
   
• RXR Realty:
  • creation of a food hall with 16” on Center at the Starrett-Lehigh Building; the Chicago food hall operator's first venture into New York City.
  • refinancing of the approximately 463,000-square-foot office condominium unit in 530 Fifth Avenue in New York City.
  • refinancing of 237 Park Avenue in New York City. Mr. Sutherland's role in this project was noted by CoStar.
  • construction loan and joint venture for the redevelopment of Pier 57 at West 15th Street in New York City.
  • acquisition and financing of the one-million-square-foot building located at 32 Old Slip in New York City, and a subsequent 10-year, $375 million balance sheet loan from Nuveen Real Estate to replace the construction loan.
  • acquisition, financing, and later equity recapitalization of 61 Broadway, a 33-story, 787,000-square-foot office tower in lower Manhattan.
     
• RXR Realty and LBA Logistics in their $316 million financing from a syndicate of lenders co-led by JPMorgan Chase and Bank of America, for construction of the Grand Logistics Center, a 1.1 million-square-foot, five-story logistics facility in Maspeth, Queens, New York.
   
• RXR Realty and The Blackstone Group in their $285 million refinancing from Dekabank Deutsche Girozentrale for 1330 Avenue of the Americas in New York City.
   
• GreenOak Real Estate, in a joint venture with Slate Property Group, in the acquisition and financing of Oriana, a 39-story luxury rental building located at 420 East 54th Street in New York City.
   
• JPMorgan Chase & Co.:
  • $748 million mortgage and mezzanine financing relating to 20 Times Square in New York City.
  • $600 million construction loan to CIM Group and its partner LIVWRK for a mixed-use development at 85 and 95 Jay Street in the DUMBO neighborhood of Brooklyn, New York.
     
• Tishman Speyer in its $707 million transaction to develop two 27-story office towers in Long Island City, Queens. Mr. Sutherland's role in this project was noted by REBusiness Online.