Partners Peter Bilfield and Eliza Fromberg were interviewed by Law360 Pulse for the feature article, "How Day Pitney Attys Guided Client's New Property Fund Deal." The feature details how the team guided a longtime client into a new venture in real estate with the creation of a property fund that required a complicated and unique deal structure.
Bilfield noted that "this was a pretty complicated transaction and fund set up for a relatively small or modest investment in the penultimate property."
"The principals had made multiple real estate investments on their own, but this is the first time that the client was raising capital which would then be invested in a joint venture, which would invest directly in real estate," added Fromberg.
Investment Management Associate Lydia Joo Lee, Tax Partner Stephen Ziobrowski and Tax Senior Associate Justin Hannan were also key members of the transaction team.
Read the full article here (Subscription).
Day Pitney Real Estate Partner Steven J. Wernick is featured in RentCafe article "Unlocking Miami-Dade's Housing Potential."
Day Pitney Real Estate Partner Steven J. Wernick is featured in the South Florida Business Journal article "28-Story Tower With Over 100 Apartments Planned in Miami."
Day Pitney Real Estate, Environmental and Land Use practice co-chair Craig Gianetti was featured in Gothamist article "Court Tells Wealthy NJ Town: We'll Decide Where You'll Put Affordable Housing."
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Day Pitney Real Estate, Environmental and Land Use Partner Steven Wernick is featured in the Miami Herald article "The End of Single-Family-Only Home Suburbs? Miami-Dade Zoning Rule Impact Could Be 'Sweeping'."
Day Pitney Real Estate Partners Nicole Magdziak and Thomas Malman represented firm client Kushner, a real estate development and management firm headquartered in New York City, on a multimillion dollar mixed use residential and retail development in the Long Branch, NJ’s Lower Broadway redevelopment zone.
Day Pitney Real Estate, Environmental and Land Use practice co-chair Craig Gianetti was featured in Law360 article "NJ Bill Paves An Aggressive Affordable-Housing Path."
Day Pitney Real Estate, Environmental and Land Use Counsel Joseph A. Ruiz was featured in the South Florida Business Journal article "Local Distillery Proposes Location in Miami-Dade Warehouse."
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