Ian’s practice focuses on commercial real estate transactions.

Ian’s practice focuses on commercial real estate transactions, including real estate development, finance, acquisitions, dispositions, restructurings and leasing. His background also includes service as a judicial law clerk for the Connecticut Superior Court in Stamford, CT.

Relevant Experience

• Represented World Wide Group in the $70 million acquisition and related financing of 42-15 Crescent Street, Long Island City, Queens, New York. During the contract period, the 124-unit rental property near Queens Plaza South was under redevelopment by the seller, being converted from an office building.
• Represented Savanna in connection with securing $45 million in financing for the commercial building located at 1825 Park Avenue in the Harlem neighborhood of New York City. The office and retail building is 12 stories with 135,000 square feet of space and is located in Harlem’s 125th Street corridor.
• Represented Savanna in the sale of a Class A office building located at 100 Wall Street in Lower Manhattan to Cornerstone Real Estate Advisors for $275 million. Savanna was able to make significant capital improvements to the 29-story building since they acquired it in 2011.
• Represented an affiliate of a global private equity firm in connection with the origination of a $26 million mortgage loan secured by a portfolio of three retail drug stores located in Maine, North Carolina and Washington, DC.
• Represented a real estate investment firm in connection with the origination of a $75 million mortgage loan secured by a boutique hotel located in Key West, Florida.
• Represented Savanna in the acquisition and financing of 95 Evergreen Avenue, a 170,000-square-foot warehouse building in Bushwick, Brooklyn that was originally constructed as the historic Schlitz Brewery and is currently being redeveloped for retail and office use.
• Represented a joint venture between two prominent real estate investment companies in the $100 million sale of a portfolio of multifamily buildings, all located on the Upper East Side of Manhattan. The representation also included the modification of the existing financing covering the portfolio to allow for the release of the properties and the partial assignment of the mortgage to buyer’s lender (as such existing financing covers other properties not subject to the sale and will remain in place following closing), and the modification of the joint venture between the partners.
• Represented a real estate developer in the restructuring of its mortgage financings on an office building located in Las Vegas, Nevada, which was acquired for a premium at the height of the market in 2007. After more than two years of workout discussions, during which time a foreclosure and a number of lawsuits among the parties was commenced, we were able to lead the group to a broad and favorable settlement that included, among other things, the write down of the existing mortgage debt by $9 million, the waiver of millions of dollars in fees and accrued interest, and the termination of the foreclosure proceeding and the other litigations among the parties.

Bar Admissions

Education
JD, Albany Law School, cum laude, 2011BA, Franklin & Marshall College, 2007