Steven Fleissig

Steven Fleissig

Shareholder

Steven Fleissig is a real estate shareholder in Greenberg Traurig’s New Jersey office. Steven focuses his practice on a variety of real estate and finance related issues. He advises real estate owners on purchase, sale, leasing, joint venture and financing matters. Steven is also experienced in representing lending institutions in real estate and asset-based financing transactions, restructurings and workouts.

Steven has lectured on multiple borrower lending transactions, mortgage foreclosure strategies, UCC issues, and retail and office leasing strategies. He also has written on UCC legislative developments, Section 1031 tax deferred exchanges and New Jersey lending laws.

Concentrations

  • Sales and purchases
  • Leasing
  • Asset-based financing
  • Restructuring 
  • Workouts
  • Mortgage foreclosure
  • UCC issues
  • Section 1031 tax deferred exchanges

Expertise

Erfahrung

  • Representation of Hard Rock International in its joint venture to purchase Atlantic City's former Taj Mahal for Carl Icahn. Hard Rock International is the majority owner of the rebranded Hard Rock Hotel & Casino Atlantic City in partnership with the Morris and Jingoli families.
  • Representation of Treetop Development LLC in the $138.8 million acquisition of a portfolio of eight residential rental buildings in Queens from Algin Management.
  • Representation of Treetop Development LLC in the purchase of a building complex in Queens’ Far Rockaway neighborhood from E&M Associates for $135 million. The property consists of four interconnected elevator buildings, comprising 916 residential units, eight commercial units and a parking garage.
  • Representation of a New York City-based real estate acquisition and development firm in the negotiation of contracts for the purchase of land in Jersey City and Hoboken, New Jersey for the aggregate sum of $125 million.
  • Representation of Kushner Real Estate in the $107 million purchase of Royal Gardens Apartments in Piscataway, New Jersey and a mortgage loan from Berkadia Commercial Mortgage.
  • Representation of Treetop Development LLC, in its $85.25 million acquisition of Saxon Hall, a 16-story rental apartment in Rego Park, Queens.
  • Representation of Treetop Development LLC in the $84 million purchase of 1600 Sedgwick Avenue. The purchase was structured by purchasing membership interested in a property owning entity and had numerous issues of complexity.
  • Representation of Maxal Group in connection with a $82.5 million construction loan from M&T Bank.
  • Representation of Treetop Development LLC in the sale of Branch Brook Gardens for $69 million. Branch Brook Gardens is a 23-building, 404-unit, apartment complex on 17.5 acres in Belleville, New Jersey.
  • Representation of an active adult community developer as borrower on a $58 million term and construction loan facility in connection with the development of an assisted living facility in Reading, PA.
  • Representation of Treetop Development LLC in the $56 million sale of apartments in Philadelphia, PA.
  • Representation of M&T Bank in a $47 million construction loan to Shuster Development for the construction of a mixed-use property in Jersey City.
  • Representation of Kushner Real Estate in the $45.5 million purchase of Deer Creek Apartments in Plainsboro, New Jersey and a mortgage loan from Investors Bank.
  • Represented the purchaser of a $45 million mortgage note and ultimate foreclosure, settlement and deed-in-lieu transaction (and other enforcement actions) against Carteret Investors, LLC and several guarantors. The mortgage was originally granted in connection with the construction of a planned 288-unit luxury condominium development in Carteret, NJ.
  • Representation of Zurich Alternative Asset Management in $41 million purchase of an office building located at 35 Music Square East, Nashville, TN.
  • Representation of Lockwood Development Partners in the $37.7 million purchase of six Hilton franchised hotels in Alabama and finance with VMC Lender LLC.
  • Representation of Treetop Development LLC in the acquisition of 12 multi-family buildings in the Upper West Side of Manhattan for an aggregate purchase price of $37 million.
  • Representation of New York City-based Argo Development in the $36 million sale of a 59-unit apartment complex in Hoboken, New Jersey to LaSalle Investment Management.
  • Representation of Bergman Realty in the $25 million acquisition of a lender's 80% interest in an office building complex totaling 167,000 square feet in Whippany, NJ.
  • Representation of Treetop Development LLC in the $22 million purchase of a 12-building portfolio consisting of 132 residential units and 3 commercial units on the upper west side of Manhattan.
  • Representation of Morristown Holdings, a New Jersey company managed by WhiteStar Advisors, in the $20 million disposition of 10 Madison Avenue in Morristown, NJ. The four-story boutique office building is an 87,000 square-foot, class A asset.
  • Representation of Treetop Development LLC in its $18.4 million purchase of four properties in New York City comprising more than 80 apartments and 11 retail spaces.
  • Representation of MSN Laboratories, one of the fastest growing research-based pharmaceutical companies, in the acquisition of 20 Duke Road in Piscataway, NJ from PSI, a global clinical research organization for over $17 million.
  • Represented M&T Bank in a $17 million construction and term loan to an affiliate of Hampshire Real Estate Companies for the expansion of a retail shopping center in Anne Arundel County, Maryland.
  • Representation of Treetop Development LLC in the $16.7 million sale of an eight-building portfolio located in the Springfield/Belmont and University Heights neighborhoods on Newark. The portfolio is comprised of 249 residential units and two retail spaces.
  • Representation of Mack Cali Realty Corporation in connection with its $15.5 million sale of office buildings located at 100 Willowbrook Road, 2 Paragon Way, 3 Paragon Way and 4 Paragon Way, Freehold, New Jersey.
  • Representation of a Meecorp Capital Markets LLC affiliate in a $14 million equity investment with co-investor Stan Gale, for construction of a 15-unit condominium in the Flatiron District.
  • Representation of Treetop Development LLC in its $13.6 million purchase of a mixed-use residential property located at 17-27 W. 125th Street in New York City.
  • Representation of Anika Equities in the closing of a $3.1 million LP Equity Joint Venture for the acquisition, construction, marketing and sale of The Green, a 39-unit residential condominium development in Guttenberg, New Jersey.
  • Representation of Anika Equities in the closing of a $2.5 million LP Equity Joint Venture for the acquisition and renovation of the River Pointe Apartments, a 212-unit multifamily community in Tampa, Florida.
  • Representation of developer in purchase, sale and financing of market-rate and HUD-sponsored properties across the country. Properties were located in New York, New Jersey, Pennsylvania, South Carolina, North Carolina, Florida, Tennessee and Arkansas. Property values range from $1 million to $115 million.
  • Representation of a real estate management firm in its acquisition of 150 luxury condominium units located in 60 story residential tower in East Side of New York City.
  • Representation of BG Capital Management in the sale of Misty Springs, a 128-unit apartment complex, located near Embry Riddle University, Daytona State College and Bethune-Cookman University, in Daytona Beach Florida.
  • Representation of BG Capital Management in the acquisition and finance of Waverly Place. Waverly Place is a 208-unit garden style apartment project located in Melbourne, Florida, in the heart of Central Florida’s high-tech corridor.
  • Representation of Sturm Asset Management in acquisition, refinancing, and preferred equity transactions in connection with its property Wyndham Gate. Wyndham Gate is a luxury residential and retail complex in Woodbridge, NJ.
  • Representation of PCD Capital in the purchase of the development rights of “The River Club” in Bogota, NJ for $17 million. The proposed development sits on the former Hess Oil terminal and an adjacent parcel which was the former Sifford Pontiac site. The combined 13 acres is situated between West Fort Lee Road and the Hackensack River.
  • Representation of investor group in the acquisition and financing of 5 and 7 Colony Blvd, residential complexes, in Wilmington, Delaware.
  • Representation of a joint venture between Edison Investment Advisors and Bergman Realty Group in the acquisition of an office building from Mack Cali in Roseland, New Jersey.
  • Representation of a major U.S. bank in its retail branch leases throughout New York and New Jersey.
  • Representation of Curtiss-Wright Corporation in lease negotiations with an affiliate of Lincoln Properties for Curtiss Wright’s new corporate headquarters in Parsippany, NJ.
  • Representation of Edison Investments LLC in its acquisition of a 200,000-square-foot industrial facility in Parsippany, NJ.
  • Representation of a client in the purchase of a 160,000 square feet office building on pier in Weehawken, NJ overlooking Hudson River for conversion to residential use.
  • Representation of a group of investors in their acquisition of a 129,000-square-foot office/flex building in Columbus, OH.
  • Representation of M&T Bank in a multi-million dollar acquisition loan for the purchase of an industrial facility in Norristown, PA.
  • Representation of Bergman Real Estate Group in the acquisition of three office building portfolio in Parsippany, New Jersey.
  • Representation of M&T Bank in connection with a term loan to ESS-H Elmont Associates LLC (Borrower is a joint venture between Extra Space Storage and Hampshire Partners).
  • Representation of M&T Bank in connection with a construction-to-permanent loan to HC West Campus I Urban Renewal, LLC.
  • Representation of M&T Bank in the bridge loan financing of 8 CVS stores located in NJ, MA and CT.

Anerkennung durch den Markt

  • Listed, The Best Lawyers in America, Banking and Finance Law; Real Estate Law, 2007-2019
    • Named, "Lawyer of the Year," Banking and Finance Law, Newark, 2015
  • Listed, Chambers USA Guide, 2011-2018
  • Listed, Super Lawyers magazine, New Jersey Super Lawyers, 2006-2019
  • Team Member, Chambers USA Award for Excellence, Real Estate, 2010, 2013 and 2017-2018
  • Team Member, a U.S. News - Best Lawyers®, "Law Firm of the Year" in Real Estate Law, 2015
  • Listed, Who's Who Legal - "The International Who's Who of Real Estate Lawyers," 2013-2015 and 2018
  • Team Member, a Law360 "Real Estate Practice Group of the Year," 2011-2013 and 2015
  • Team Member, The Legal 500 United States, "Top Tier" Firm in Real Estate, 2013 and 2014
  • Team Member, Lexology’s Client Choice Award USA & Canada, United States: New Jersey, 2013
  • Profiled, "Multi-Pointed Stars," New Jersey & Company, November/December 2010
  • Rated, AV Preeminent® 5.0 out of 5

°AV®, AV Preeminent®, Martindale-Hubbell DistinguishedSM and Martindale-Hubbell NotableSM are certification marks used under license in accordance with the Martindale-Hubbell® certification procedures, standards and policies.

  • Past President and Board Member, Association of Commercial Finance Attorneys
  • Fellow, American College of Real Estate Lawyers (ACREL)
  • Fellow, American College of Commercial Finance Lawyers
  • Fellow, American College of Mortgage Attorneys
  • American College of Commercial Finance Lawyers liaison to "Project Synergy," a joint venture of the College, the American Bar Association, the American College of Mortgage Attorneys and the American College of Real Estate Lawyers
  • Member, Northern New Jersey Chapter, Urban Land Institute
  • Member, National Association of Industrial and Office Properties, New Jersey Chapter
  • Member, Commercial Finance Committee, American Bar Association Business Law Section
  • Former Chair, Real Estate Lending Subcommittee of the American Bar Association Commercial Finance Committee
  • Board of Directors, Essex County Legal Aid Association

Ausbildung

Akademische Ausbildung
  • J.D., Georgetown University Law Center, 1976
  • B.A., cum laude, State University of New York at Buffalo
Zulassung
  • New Jersey
  • New York
Sprache