RE Weekly quoted New York partner Alan Cohen, who led a team of Akerman lawyers in a $156 million construction loan and a related corporate restructuring for Lex 47thProperty Owner LLC and its luxury condominium development in Manhattan.
In addition to Cohen, the Akerman team handling the financing consisted of Maureen Hannon, David Otero, Joshua Rinesmith, and Frank St. Jacques; the restructuring was handled by Tax Partners Philip Weingold and Rob Loewy, and Corporate Partner David Tanenbaum.
Cohen said, "This exciting project represents the first U.S. investment by a leading International developer and will enhance the Midtown East neighborhood with desirable luxury, branded condos and first-class ground level retail. We’re proud to join Lex 47th in this milestone achievement."