Real Estate Strategies (Creditor Representation)

Olshan represented the Kaufman Organization in connection with its acquisition of 100-104 Fifth Avenue from the bankruptcy estate of Rock US Holdings Inc.

Olshan has represented well-known New York City developers in the acquisition of many highly desirable properties, including 310 Madison Avenue, 342 Madison, 400 Madison and 40 West 55th Street using a combination of bankruptcy, foreclosure and other creditors rights laws.

In the Chapter 11 cases of Madison Avenue Land Limited Partnership and Madison Plaza Associates, after we recommended that our client purchase a mortgage at a substantial discount, we compelled an auction sale of one of Midtown's last remaining development sites (5th Avenue and 42nd Street). The procedures we established allowed our client to purchase the property primarily for a credit bid of its mortgage while precluding several other major developers and REIT's from entering the bidding process.

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