Cleary Gottlieb Steen & Hamilton‘s real estate group is a New York-based team with a record of advising clients on high-profile real estate acquisitions, dispositions, joint ventures, financings, and restructurings. Recently, the firm has pivoted to handle workouts and restructurings for distressed assets struggling in the market. The team is led Daniel Reynolds, who is a specialist in domestic and international real estate transactions, particularly those involving financing aspects. Joseph Lanzkron represents clients on complex real estate financings, debt restructurings and joint ventures, and Steven Wilner is noted for his focus on assisting sovereign wealth funds.
Legal 500 Editorial commentary
- Profile
Testimonials
Collated independently by Legal 500 research team.
- 'The team at Cleary is excellent and has long been one of my preferred legal vendors. I have now worked with the team across an array of transaction types where they have consistently delivered high-quality output/advice and been a key commercial component of helping to get transactions over the line. Cleary's partners are particularly high touch and the smaller nature of the firm ensures that you get senior-level focus and access to expertise across verticals.'
- 'Most of our work has been with Joseph Lanzkron who is one of the top attorneys I have worked with in the space. Joe is highly responsive, commercial, and an effective advocate for clients during transactions. Joe has a unique ability to make you feel like you are his only client and turn high-quality output quickly and efficiently to keep transactions moving. Joe is a pleasure to work with and we look forward to growing our relationship with him over time.'
Key clients
- Goldman Sachs
- Brookfield
- Wafra
- Corebridge Financial (f/k/a AIG Investments)
- Banco Inbursa
- Argent Ventures
- Standard Chartered Bank
- Monarch Alternative Capital
- JP Morgan Chase
- Morgan Stanley
Work highlights
- Represented Goldman Sachs on loan originations totaling over $4.5bn relating to a wide variety of real estate assets located across the US including in the refinancing of a $227m mortgage loan, made to affiliates of KB Asset Management and RED Development.
- Represented Brookfield Corporation as a borrower in various financings, totaling more than $1.4bn including the origination of a $180m mortgage financing made by Bank of America and Goldman Sachs and secured by The Short Pump Town Center, an open-air shopping center located outside of Richmond, Virginia.
- Represented Wells Fargo Bank, National Association and Wells Fargo Securities LLC and The Toronto Dominion Bank, New York Branch, and TD Securities, as the initial commitment parties, in the debt financing commitments for Brookfield Infrastructure Partners L.P. and its institutional partners (collectively, Brookfield) to acquire substantially all of the assets of Cyxtera Technologies Inc. and real estate interests from several third-party landlords at which certain of Cyxtera’s US data centers are located.
Lawyers
Practice head
Daniel Reynolds
Other key lawyers
Steven Wilner; Joseph Lanzkron