Real Estate Law

Meeting Clientsʼ Needs by Handling Transactions with Confidence, Competence and Efficiency

At Peckar & Abramson, our goal is to facilitate the successful completion of transactions, solving problems as they may arise. We offer clients the skill and experience to handle real estate transactions from the routine to the most complex.

Experience

We represent real estate entrepreneurs, private equity funds, as well as others across the real estate industry spectrum, including lenders, owners, developers and tenants in connection with all aspects of their business including:

  • Acquisitions and sales
  • Real estate financing
  • Construction financing
  • Mortgage lending, conventional and unconventional
  • Leasing and subleasing
  • Loan acquisitions
  • Liquidation of non-performing loans
  • Restructuring of assets
  • Development and redevelopment
  • Organizational formations and structure
  • Asset management
  • Risk and business opportunity analysis
  • 1031 Tax-Deferred Exchanges
  • Real estate litigation
  • Property owner/lender disputes

Representing the Investor Community

We have extensive experience representing sponsors of investments in real estate and lenders in connection with mortgage loan financing, including conventional and specialty bridge loan financing. We advise clients in distressed debt acquisitions and workouts.

An Approach and Resources That Benefit Clients and Their Projects

Owners and operators of real estate encounter diverse opportunities, issues and challenges. Peckar & Abramson delivers a full complement of services to meet the needs of our clients.

We understand the challenges faced by the most sophisticated owners, buyers and sellers, particularly in today’s complex financing environment. Our services are marked by zealous representation, personalized service, depth of understanding, attention to detail, forthright communication and value.

Meeting expectations by providing the right advice and services is why our clients return — again and again. Our Real Estate Law Group has extensive experience in transaction involving retail, office, industrial, commercial, mixed-use, warehouse and multifamily residential properties.

Construction Financing: A Unique Ability to Blend Knowledge and Experience

When undertaking development and construction financing matters, our Real Estate Law Group can assemble a team with diverse talents, blending the firm’s expertise in real estate, finance, construction contracts, project management and other disciplines.

The Real Estate Law Group ensures that all aspects of a development project are integrated, so that the project proceeds according to the client’s plans. Our comprehensive services include:

  • Site acquisition agreements
  • Construction financing documentation
  • Architect agreements
  • General contractor agreements
  • Construction manager contracts

These agreements form a complex web of rights and obligations. With the diligent attention of the Peckar & Abramson team, these rights and obligations are woven together to serve the client’s needs.

A History of Success

Peckar & Abramson has serviced clients in connection with major real estate projects and acquisitions across the country. Recent and representative transactions include:

  • Acquisition of $21+ million first mortgage loan secured by eight high credit, triple-net leased retail properties in four states. Negotiation of deed-in-lieu settlement with borrower. Acquisition and financing of properties. Disposition of properties in separate sales.
  • Representation of lender in connection with $15+ million bridge loan financing secured by first mortgage on development site, Middlesex County, New Jersey.
  • Representation of lender in connection with $16+ million bridge loan financing secured by first mortgage on development site, Queens, New York.
  • Representation of lender in connection with $17+ million bridge loan secured by large tract and residence in Suffolk County, New York.
  • Representation of lender in connection with $12 million bridge loan secured by a development site located in Lee County, Florida.
  • Representation of large owner, operator of apartment buildings in New Jersey shore communities in connection with acquisitions, corporate matters and financings.
  • Acquisition of nonperforming $17+ million first mortgage loan secured by a Class A office building in Plainsboro, New Jersey.
  • The $30 million land acquisition and $76+ million construction financing and development of a high-rise condominium tower in midtown Manhattan.
  • The $84+ million construction financing and development of a high-rise condominium tower in midtown Manhattan.
  • Purchase and redevelopment of high profile retail and multiple family mixed-use property in downtown Princeton, New Jersey.
  • Representation of a tenant in the negotiation of a 10 year, 78,000 square-foot office lease in downtown Manhattan.
  • Representation of a tenant in the negotiation of a 10 year, 30,000 square-foot office lease in midtown Manhattan.
  • Representation of a tenant in the negotiation of a 15 year, 35,000 square-foot office lease in the Willis Tower (formerly Sears Tower) in Chicago, Illinois.
  • Representation of tenant in negotiation of a 10 year, 45,000 square-foot office lease in Anaheim, California.
  • The $55+ million purchase of four nursing homes in northern New Jersey, comprising 620 skilled nursing beds and all of the real estate and assets of the seller.
  • Land acquisition, $20+ million construction financing and development of 180-bed skilled nursing facility in South Amboy, New Jersey.
  • Land acquisition, $30+ million construction financing and development of a 200-bed skilled nursing facility in Plainsboro, New Jersey.
  • Refinance transactions for two skilled nursing facilities through the U.S. Housing and Urban Development Lean Program under Section 223(f) of The National Housing Act.

Developers, owners and operators, as well as lenders, investors and private equity funds, come to Peckar & Abramson with full confidence to handle all of their real estate transactions. Our lawyers have facilitated construction financing matters and finalized the purchase and acquisition of major million-dollar real estate properties in major metropolitan cities across the U.S.

CRAIG D. SPECTOR
Partner
River Edge, NJ
View PDF

PROFESSIONALS

Related Practice Areas

Insights

  • The Adoption of a COVID-19 Vaccination Policy in the Workplace

    It was not long after the first pharmaceutical company announced a successful Phase 3 trial of a COVID-19 vaccine that questions began to be asked by employers about whether, and under what circumstances, an employer could mandate that employees receive a COVID-19 vaccine as a condition of employment. While it is presently legal for an […]

  • Natural Disasters’ Impact on Construction in the United States

    Robert S, Peckar, a founding partner of Peckar & Abramson, and Crystal T. Dang, an associate in the firm’s Houston office, have written “Natural Disasters’ Impact on Construction in the United States,” an article for Construction Executive. The article provides guidelines in anticipation of disasters, for reviewing the impact of a disaster as it is […]

  • Documenting Contract Changes in Construction

    JD Holzheauser, a senior associate in Peckar & Abramson’s Houston office, has written “Documenting Contract Changes in Construction” an article for Construction Executive. The article provides advice on actions a contractor can take during construction that will help them recover time or money when a contract’s schedule or scope of work needs to be changed. […]

  • Nine Peckar & Abramson Attorneys Named 2020 Thought Leaders in Who’s Who Legal

    National construction law firm Peckar & Abramson, P.C. (P&A) is pleased to announce that nine attorneys have been named 2020 WWL Thought Leaders – Construction by Who’s Who Legal. These attorneys are recognized for having obtained the largest number of nominations from peers, corporate counsel and other market sources in WWL’s most recent research cycle, with many having […]

  • Reporting Incidents of Work-Related COVID-19 Fatalities and Hospitalizations

    On September 30, 2020, the Occupational Safety and Health Administration (OSHA) issued new regulatory guidance to clarify employer reporting requirements of COVID-19 related work incidents that lead to either an employee fatality or hospitalization. The reporting requirement for fatalities from a work-related COVID-19 infection is triggered when an employee dies within 30 days of being […]

  • Subcontractor Failure to Pay Employee Wages Could Fall on General Contractors

    Michael C. Zisa, Chair of Peckar & Abramson’s Surety and Construction Related Insurance Defense practice, has written “Subcontractor Failure to Pay Employee Wages Could Fall on General Contractors,” an article for Construction Executive. The article discusses how general contractors must realize the risk of being held liable for a subcontractor’s failure to pay timely and […]

  • Peckar & Abramson Named 2021 “Law Firm of the Year” in Litigation – Construction and Earns 29 National and Metropolitan Rankings in U.S. News – Best Lawyers “Best Law Firms”

    National construction law firm Peckar & Abramson, P.C. (P&A) is pleased to announce that the firm has been named 2021 “Law Firm of the Year” in Litigation – Construction by U.S. News – Best Lawyers “Best Law Firms.” U.S. News – Best Lawyers states that only one law firm per nationally-ranked area of practice is […]

  • Super Lawyers® Names 21 Peckar & Abramson Attorneys to Their 2020 New York List

    National construction law firm Peckar & Abramson, P.C. (P&A) is pleased to announce that 21 attorneys have been named to the 2020 New York Super Lawyers® List. According to the publication the list is exclusive, recognizing no more than five percent of attorneys in each jurisdiction as Super Lawyers and no more than 2.5 percent […]

  • Essential Employees Who Contract COVID-19 May Be Entitled to Workers’ Compensation Benefits: What New Jersey Employers Need to Know

    New Jersey employers make note: A recently enacted amendment to the New Jersey Workers’ Compensation Act entitles “essential employees”—including construction and many other types of private sector workers—who contract COVID-19 to the presumption that their illness is work-related. Significantly, this amendment is retroactive to March 9, 2020, the date of the initial pandemic state of […]

  • How Will Today’s Pandemic Impact Tomorrow’s Construction Contracts?

    This article was written for the ConsensusDocs newsletter and first appeared here. The emergence of COVID-19 has created a new set of challenges in the already complex world of negotiating construction contracts.  In the pre-COVID-19 era, general contractors, construction managers and those negotiating on their behalf, needed to balance a variety of fairly well-established legal […]

  • Super Lawyers® Names 11 Peckar & Abramson Texas Attorneys to Their 2020 List

    National construction law firm Peckar & Abramson, P.C. (P&A) is pleased to announce that 11 attorneys have been named to the 2020 Texas Super Lawyers® List. According to the publication, the list is exclusive, recognizing no more than five percent of attorneys in each jurisdiction. The following P&A attorneys from the Houston, Dallas, and Austin […]

  • Peckar & Abramson Partner Named Fellow of Construction Lawyers Society of America

    Michael C. Zisa, a partner with the national construction law firm Peckar & Abramson, P.C. (P&A), has been selected as a Fellow of the Construction Lawyers Society of America (CLSA). The CLSA describes itself as is an invitation-only international honorary association with membership limited to 1,200 practicing Fellows focusing in construction law and related fields. […]

  • Three Peckar & Abramson Attorneys Named New Jersey Law Journal 2020 Professional Excellence Award Winners

    National construction law firm Peckar & Abramson, P.C. (P&A) is pleased to announce that three firm partners have been selected by the New Jersey Law Journal (NJLJ) among its annual Professional Excellence Awards honorees. Co-Founding Partner Robert (“Bob”) S. Peckar was named a Lifetime Achievement award winner, recognized for the indelible mark he has made […]

  • Is It Live…Or Is It Virtual?

    Attorneys Adrian L. Bastianelli, III, Paulo Flores, Kevin O’Connor, and Robert S. Peckar have written “Is It Live…Or Is It Virtual?,” an article for the summer edition of Best Lawyers Magazine. They discuss in detail how best to make virtual mediation work and offer some thoughts on whether it’s here to stay. Read the full […]

  • Lessons Learned From One of Miami’s First Zoom Bench Trials

    Attorneys Anne-Solenne Rolland and Freddy X. Muñoz, and Paralegal Katherine Gonzalez have written the article, “Lessons Learned From One of Miami’s First Zoom Bench Trials,” for Daily Business Review/Law.com.  They discuss their experience after undertaking one of the first virtual week-long bench trials in Miami-Dade County in June and the valuable lessons they learned in […]

  • Grappling With Viruses on Multiple Fronts: Ongoing Cyber Risk Management in the Age of COVID-19

    Richard R. Volack, Chair of Peckar & Abramson’s Cyber Security & Data Privacy Practice, has written “Grappling With Viruses on Multiple Fronts: Ongoing Cyber Risk Management in the Age of COVID-19,” an article for Construction Executive. Richard discusses the preventative measures that construction executives should take to keep the company and its computer systems safe […]

  • COVID in the Americas – A Review of Impacts, Responses, Challenges for Construction Sectors

    Jerry P. Brodsky, Partner and Director of Peckar & Abramson’s Latin American Practice, has written the article, “COVID in the Americas – A Review of Impacts, Responses, Challenges for Construction Sectors,” for Daily Business Review/Law.com.  Jerry discusses the similarities and differences between the impacts, responses, and challenges for construction in Latin America and the United […]

  • Dispute Resolution in Construction Projects

    Robert S. Peckar and Denis Serkin have written “Dispute Resolution in Construction Projects,” a chapter for the 10th edition of The Law Reviews’ The Projects and Construction Review. Read the chapter here.

  • Chinese Telecommunications Ban to Expand to Federally Funded Contracts Effective November 12, 2020

    In our previous alert, we discussed the Federal Government’s Ban (the “Ban”) on certain Chinese covered telecommunications and video surveillance equipment and services in federal government contracts.  The ban prohibits government contractors and subcontractors from supplying to the Federal Government or using in their own internal operations certain telecommunications or video surveillance equipment or services […]

  • DoD Contractors Receive Reprieve on Implementation of Chinese Telecommunications Ban

    In our previous alert, we discussed the expansion on the Section 889(a)(1)(B) ban on certain Chinese telecommunications equipment and services to contractors and subcontractors who use the equipment and services in their internal operations.  Effective August 13, 2020, federal agencies were prohibited from procuring, obtaining, extending, or renewing a contract with a contractor that uses […]