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Proskauer Rose LLP

11 TIMES SQUARE, NEW YORK, NEW YORK 10036-8299, USA
Tel:
Work +1 212 969 3000
Fax:
Fax +1 212 969 2900
Email:
Web:
www.proskauer.com
Proskauer Rose LLP, Ronald Sernau, New York, USA

Lawyer rankings

Ronald Sernau

Tel:
Work (212) 969-3785
Email:
Proskauer Rose LLP

Work Department

REAL ESTATE

Position

Ronald Sernau, co-chair of the Real Estate Department and co-chair of the Private Equity Real Estate practice, represents parties in particularly visible transactions involving trophy properties. He represents landlords and tenants, lenders and borrowers, purchasers and sellers, equity investors and developers, managers and owners, and brokers and principals. Ron created the Proskauer Commercial Leasing System, which automates the commercial leasing process, reducing the processing time for a commercial lease from several weeks to several days. Realcomm awarded Ron with its prize for the best use of technology in real estate law in 2004.


United States

Real estate

Within: Real estate

For Proskauer Rose LLP, 2016 proved to be a strong year for corporate transactional mandates; examples included Jeffrey Horwitz and Steven Lichtenfeld advising Accor on its joint venture with the Qatar Investment Authority, Kingdom Holding Company of Saudi Arabia and Oxford Properties for the $2.9bn acquisition of FRHI Hotels & Resorts; and Chicago-based Michael Choate representing Inland Real Estate in its $2.3bn acquisition by real estate funds managed by DRA Advisors. The practice’s expertise in REITs was also in evidence, with Lichtenfeld advising New York REIT on its aborted acquisition of JBG Companies. On the dirt side, co-chair Ronald Sernau acts for a number of leading developers, including Hines and Extell Development Company; Sernau represented Vornado Realty Trust in signing PricewaterhouseCoopers to a 17-year lease for 240,000 sq ft at 90 Park Avenue. Other key figures in the practice are David Weinberger, who leads on finance work and advised Société Générale in connection with the $450m mortgage financing of the retail condominium unit of the St Regis Hotel in New York, and Perry Cacace, who co-chairs the practice with Sernau. Named attorneys are based in New York unless otherwise stated.

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