The Real Estate Practice Group at Rosenberg Fortuna & Laitman, LLP represents clients in both commercial and residential real estate matters. From structuring complex deals among multiple parties with differing interests, to residential real estate closings, the attorneys at Rosenberg Fortuna & Laitman, LLP have the familiarity and credentials to bring matters to a successful conclusion for their clients.
The firm represents developers, investors and businesses in the acquisition, development, financing, sale and leasing of real estate. The professionals in the Real Estate Practice Group are knowledgeable in condominium and cooperative ownership, zoning and the regulation of land use, and frequently assist in planning the structure of and negotiating complex real estate transactions, as well as handling related legal analysis and documentation.
Representing builders and developers throughout New York and Long Island in relation to the new construction of houses, condominiums, apartment complexes, sub-divisions, shopping malls, strip malls, and tax deferred like-kind exchanges under the Internal Revenue Code, Section 1031, the firm's Real Estate Practice Group takes a cost-effective and focused approach to every matter it handles.
Representative matters recently handled by the firm's Real Estate Practice Group include:
- Represented the sellers of three (3) private and semi-private golf clubs located in Suffolk County. The sales included related catering facilities appurtenant to each such golf club.
- Assisted in the proposed acquisition of a 50% interest in one of the largest undeveloped tracts of real estate in Nassau County.
- Represented the buyer in the acquisition and financing of a 170,000 square feet industrial and office building in Nassau County.
- Represented the sellers of twin office buildings in Great Neck, New York.
- A complex structured deal which combined stock and real property transactions of a tennis academy in Westbury, New York.
- A government sponsored financing which obtained tax incentives and benefits through IDA, SBA and similar government sponsored financing programs.
- Lease transactions for the landlord of office and retail space aggregating over 100,000 square feet.
- Represented the buyer in the purchase and financing of a 43,000 square foot warehouse in Commack, New York.
- Represented the seller of a college on Long Island, which entailed a combined $40 million dollar transaction comprised of stock and land sales combined with two long-term leases.
- The transfer of surplus school district-owned property to a public library district requiring public referenda.
Real Estate Litigation
The Real Estate Practice Group at Rosenberg Fortuna & Laitman, LLP works closely with the firm's Commercial Litigation Practice Group on all types of real estate litigation. The firm's litigators regularly handle lawsuits and arbitrations presenting the full variety of traditional real estate litigation issues, including disputes arising out of the sale or development of land, joint venture disputes, title claims, fraud and breach of fiduciary duty, actions and proceedings relating to land sales or development, land use and permitting issues. The firm also handles landlord/tenant disputes and disputes arising between condominium and cooperative sponsors and homeowner associations.
Representative matters recently handled by the firm's Real Estate Litigation Group include:
- Successfully represented the seller of an industrial building on Long Island in a dispute with the buyer, permitting the seller to retain a down payment in excess of $650,000.
- Obtaining a judgment in excess of $11 million dollars and a constructive trust in favor of a client involving a dispute concerning a 66 acre parcel of industrially zoned real estate in Suffolk County.
- Successfully obtained a judgment against the Town of Southhold directing the issuance of a permit for construction on valuable water-front property.
- Settled, during trial, a multi-million dollar claim for construction defects against a developer/sponsor of a condominium community for less than 6% of the amount claimed at trial.