David Freylikhman

David Freylikhman

Shareholder

David Freylikhman focuses his practice on all aspects of real estate and business law, including the acquisition, disposition, leasing, developing and financing of commercial real estate on behalf of developers, owners, operators, investors, lenders, hotels, luxury brands and fashion houses. His real estate work covers the full range of real estate assets, including multi-family, office, retail and industrial facilities, hotels, resorts, condominiums, and mixed use developments.

David’s finance practice involves the representation of investment banks, commercial banks and institutional lenders in consumer and commercial lending transactions, including construction and permanent mortgage loan and mezzanine loan financing.

David also represents business entities and commercial clients in connection with formation, fund-raising, equity structure, joint ventures, acquisitions, dispositions, strategic alliances, licensings, corporate control and governance matters.

Concentrations

  • Real Estate
  • Corporate
  • Acquisitions and sales
  • Joint ventures
  • Secured lending
  • Ground leasing
  • Commercial leasing
Read More +

Capabilities

Experience

  • Represented Hard Rock International and its joint venture partner in connection with the acquisition of the Trump Taj Mahal Hotel & Casino in Atlantic City from affiliates of Carl Icahn.
  • Represented national developer in its purchase and financing of a portfolio of eight rent-regulated multi-family buildings in Flushing and Elmhurst, paying $138.8 million to seller. The portfolio included a total of 608 units and including several investor groups, 1031 and reverse-1031 issues, a TIC purchase structure, a bifurcated loan, and a mezzanine loan.
  • Represented national developer in its sale of a 419-unit multi-family building in Rego Park in a deal that has been described as the largest ever transaction in the central Queens neighborhood and involved numerous complexities including 1031 issues.
  • Represented national owner/operator in its purchase of a multi-family building structured by purchasing membership interests in a property.
  • Represented SL Green Realty Corp. in connection with its acquisition and finance of office buildings in New Jersey.
  • Represented Excelsior Equities in its sale of a portfolio of New Jersey properties in the aggregate price of $57.7MM with attention to issues involving 1031 exchanges and restructuring of the JV. One of the transactions involved the sale of a 45-unit building which was the highest price-per-unit multi-family trade for West New York in 2016.
  • Handled the $275,000,000 purchase and financing of the New York Marriott East Side.°
  • Represented national developer in the acquisition and construction financing for a project in New York City’s Bryant Park.°
  • Represented Royal Bank of Canada, as lender, in connection with a cross-border loan structure involving New York-based real estate collateral and a letter of credit securing corporate borrower obligations in the Channel Islands.
  • Represented borrower, a national real estate owner and operator, in connection with the restructuring of a 9-building portfolio with the sale of 2 properties, splitting and assigning portions of the existing financing, and modifying a $143,000,000 facility involving 8 TIC mortgage borrowers, 8 TIC mezz borrowers, with two pools, two loan tranches, a 1031 tax exchange and a reverse 1031.
  • Represented €7.7 bn global producer of glass and metal products, operating 109 glass and metal manufacturing facilities in 22 countries in connection with New Jersey issues relating to a series of indentures, bonds, and modifications to mortgages and security instruments.
  • Represented national client as special New Jersey counsel in connection with negotiating a multi-state and multi-property matter involving New Jersey property and security for financing with JP Morgan Chase Bank; added complexities involved client corporate restructuring and issues involving NJ Realty Transfer Fee and Controlling Interest Transfer Tax.
  • Represented national developer in its purchase and financing of a portfolio of eight rent-regulated buildings in Flushing and Elmhurst, paying $138.8 million to seller.  The portfolio included a total of 608 units and including several investor groups, 1031 and reverse-1031 issues, a TIC purchase structure, a bifurcated loan, and a mezzanine loan.
  • Represented Lehman Brothers in the acquisition and construction financing and refinancing of hotels and resorts in the US and Caribbean, including Turks & Caicos, Ambergris Caye, Kapalua Bay, Hawaii, Telluride, CO, and Rose Island in the Bahamas.°
  • Represented commercial bank in connection with loans and credit facilities ranging from $5 million-$30 million secured by real estate and business assets both in the United States and offshore.°
  • Represented a health care company in a portfolio refinancing involving nine east-coast hospitals and medical facilities.
  • Represented Hard Rock International and its joint venture partner in connection with the acquisition of the Trump Taj Mahal Hotel & Casino in Atlantic City from affiliates of Carl Icahn. 
  • Represented a significant foreign investor in connection with structuring the investment vehicle for a joint venture to develop a hotel in Roslyn, Long Island.
  • Handled the $275,000,000 purchase and financing of the New York Marriott East Side.°
  • Represented Lehman Brothers in the equity structure of joint ventures with luxury hotel brands in connection with the development of hotels and resorts in the US and the Caribbean, including Turks & Caicos, Ambergris Caye, and Rose Island in the Bahamas.°
  • Represented a hotel operator in the equity structure, acquisition and finance of a portfolio of eight hotels in New Jersey and Pennsylvania.°
  • Represented a major New York owner/operator, as landlord, in connection with the leasing of space in Brooklyn to a Charter School tenant. The lease involved several complications including approvals for rezoning, significant construction plans, and navigating the condominium regime governing the building.
  • Represented a major international hotel brand as lead counsel in connection with the negotiation and drafting of its lease for office headquarters in midtown Manhattan.
  • Represented national fashion houses, apparel brands and retail tenants in connection with the leasing of more than 1 million square feet of space in full price shopping centers, malls and outlet locations in New York and nationally.°
  • Represented an international fashion brand in connection with the sublease and construction of class-A office space in Midtown Manhattan, New York City.°
  • Represented global luxury awards manufacturer Society Awards for its headquarters lease constituting mixed use industrial, office, and retail space in Long Island City, New York.°
  • Represented a national industrial client in connection with the multi-floor lease and construction of 150,000 square feet of class-A office space in Downtown Manhattan, New York City.°
  • Represented Hard Rock International and its joint venture partner in connection with the acquisition of the Trump Taj Mahal Hotel & Casino in Atlantic City from affiliates of Carl Icahn. 
  • Represented a New Jersey-based commercial real estate developer in a co-GP joint venture arrangement with a national developer to structure the purchase of a development site in Morristown, New Jersey. The subject site is a parking lot and commercial building to be redeveloped as a luxury condominium.
  • Represented a significant foreign investor in connection with structuring the investment vehicle for a joint venture to develop a hotel in Roslyn, Long Island. 
  • Represent Society Awards, an international firm that is responsible for designing and producing the nation’s premier awards, including the Golden Globes, the People’s Choice Awards, the Emmy and the MTV Video Music Awards. Handle all matters for Society Awards since company's inception, including: corporate structure; formation/governance; real estate (offices in LIC); oversight of IP, and handling disputes and managing litigation counsel.
  • Represent Toast Holdings, a rapidly growing start-up based in Denver, Colorado, which handles branding related to the tobacco industry. Handle all matters for Toast since the company's inception, including: corporate structure; formation/governance; fund raising, oversight of IP, social media arrangements, and managing employment and JV matters.  
  • Represented a major wine distributor in connection with the movement of operations to a new warehouse and transporting approximately 250,000 cases and 200 containers while advising on legal rights, potential claims, and various bailment and related matters.
  • Advised managing member of a hospitality organization owning a restaurant and wine bar in New York City in connection with a complicated business divorce.  The representation involved several complications, numerous meetings and settlement negotiations, interpreting ambiguous operating agreements, unwinding various transactions, and overseeing forensic accountants in connection with an adversarial separation.°
  • Acted for a new entity establishing a worldwide private members’ club with up to 65 five-star properties worldwide, including Scotland, England, New Zealand, US and the Caribbean.  Acted on the club’s debt financing with a bulge bracket lender, and in negotiating management contracts to run the clubs.°

°Some of the above representations were handled by Mr. Freylikhman prior to his joining Greenberg Traurig, LLP.

Recognition & Leadership

  • Selected, New Jersey Law Journal, "New Leaders of the Bar," 2017
  • Team Member, Chambers USA Award for Excellence, Real Estate, 2017
  • Listed, Super Lawyers magazine, New York Super Lawyers, "Rising Star," 2013-2017
  • Team Member, a U.S. News - Best Lawyers®, "Law Firm of the Year" in Real Estate Law, 2015
  • Team Member, a Law360 "Real Estate Practice Group of the Year," 2015
  • Rated, AV Preeminent® 4.7 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.

  • Adjunct Professor, New York Law School
  • Co-Chair, Russian Speaking Business Attorneys Network (RUSBAN)
  • Board Member, The New York Athletic Club (Ice Hockey)
  • Member, International Council of Shopping Centers
  • Member, NAIOP Commercial Real Estate Development Association
  • Member, New York State Bar Association, Executive Committee
  • Member, Urban Land Institute, Northern New Jersey Council
  • Adjunct Professor, Seton Hall School of Law, 2009-2013
  • Chair, Urban Land Institute Young Leaders Group, 2007-2009

Credentials

Education
  • J.D., cum laude, New York Law School
  • B.A., cum laude, University of Massachusetts
Admissions
  • New York
  • New Jersey
Languages
  • Russian, Fluent