Real Estate Sales
Resume:
Ruth Lipshitz
Livingston NJ 07039
*****@*******.***
EXPERIENCE
Shearman & Sterling LLP (New York), Property Group. Associate
**** -
Present
. Extensive experience in a variety of commercial real estate
transactions, including leasing, acquisitions and dispositions of
commercial properties and ownership interests therein, development
projects, formation of, and investments by, various real estate
investment vehicles; representing broad client base, including
landlords and tenants, buyers and sellers, private investors (domestic
and international), governmental agencies and others.
. Represented domestic and international sponsors in connection with the
formation of real estate private equity funds targeting domestic and
foreign investors, including Shariah-compliant funds.
. Represented institutional investors, corporations and real estate
investment trusts in acquisitions and sales of hotels, office buildings
and multifamily residential properties, including drafting and
negotiating purchase and sale agreements, contribution agreements and
joint venture agreements.
. Represented landlords and tenants in connection with commercial leases,
subleases and sale-leaseback transactions, including drafting and
negotiating office leases, triple-net leases, brokerage agreements,
assignments, subordination non-disturbance agreements, consents and
guaranties. Routinely represent Shearman & Sterling LLP in connection
with the firm's own leasing activities for its U.S offices.
. Represented developers, industrial development agencies and other
governmental agencies in acquisitions, construction and development of
office buildings, shopping centers, hotels and mixed-use properties,
including drafting and negotiating ground leases, development
agreements, management agreements, easement agreements and design
documents.
. Represented lenders and borrowers in financing transactions, including
drafting and negotiating mortgages, UCC financing statements and legal
opinions.
. Represented financial institutions and corporations in connection with
real estate aspects of corporate finance, project development and
merger and acquisition transactions, including drafting and negotiating
credit agreements, acquisition agreements and local counsel opinions.
. Conducted real estate due diligence, including review of title, survey
and engineering reports.
(Please see illustrative experience list attached)
Allen & Overy (London). Trainee Solicitor.
1994 - 1996
. Represented buyers and sellers in acquisitions and sales of real
estate.
. Drafted commercial leases, assignments and consents.
. Represented financial institutions on real estate aspects of corporate
finance transactions, including drafting mortgages and other security
documents.
. Conducted real estate due diligence, including review of title and
specialty searches.
. Researched and prepared memoranda regarding various real property
matters.
. Also rotated through corporate, tax and litigation departments.
EDUCATION
The College of Law (London) 1994
Postgraduate Diploma in Legal Practice. Graduated with Commendation.
The University of London, Queen Mary & Westfield College
1993
LL.B; Second Class Honors (Upper Division).
LANGUAGES
Hebrew (fluent).
PROFESSIONAL QUALIFICATIONS
Attorney and Counsellor-at-law, New York bar
2000
Solicitor of the Supreme Court of England and Wales
1996
ILLUSTRATIVE EXPERIENCE
. Wafra Investment Advisory Group in the formation of an $1-1.5 billion SAR
real estate investment fund which complied with the Islamic investment
principles (Shari'ah) for investments in North America and Europe
. The Athena Group, L.L.C. in connection with the formation of a domestic
real estate investment fund.
. A major international bank in a joint venture with a major U.S. bank to
invest in a portfolio consisting of $500 million of affordable housing
units and a $200 million follow on investment in, and expansion of, the
joint venture.
. Metropolitan Life Insurance Company in numerous purchases and sales of
various commercial and residential real estate assets.
. Strategic Real Estate Advisors Ltd. as advisor to various foreign clients
on acquisitions, financings and dispositions of substantial properties in
the United States. Transactions included: the acquisition of a $0.5
billion portfolio of office buildings, sale leaseback of corporate
headquarters of a major electronics company in New Jersey and a joint
venture with K. Hovnanian to develop a condominium project at 77 Hudson
Street, Jersey City, New Jersey, consisting of a 38 story luxury
residential tower, 10 story parking and 25,000 square feet of retail
space.
. Empire State Development Corporation, as ground lessor, in the leasing
and redevelopment of the 42nd Street Development Project, including 11
Times Square, a 1.1 million square foot 40 story building and One Bryant
Park, New York headquarters of the Bank of America, a 2.1 million square
foot, 52-story environmentally responsible building. Negotiation of
related documentation including construction guaranties and restrictive
declarations with the ground tenants and subordination non-disturbance
agreements with subtenants for office, retail and other uses, including
antennae licenses.
. Syracuse Industrial Development Agency and the City of Syracuse in
connection with Destiny USA's expansion of Carousel Center in Syracuse,
New York, a $15 billion project partially financed through the issuance
PILOT bonds
. Cappelli Enterprises in the development of a 1.1 million square foot
retail, entertainment and residential complex located in White Plains,
New York, including the sale of 150,000 square foot condominium unit to
Target.
. Various developers in the development and disposition of hotels involving
Setai, Hilton and other chains, including OTO Development in the sale of
a nationwide portfolio of 11 hotels.
. The Kuwait Investment Authority in connection with disposition of U.S.
properties, including a 2,000,000 square foot hotel and an office
building complex in Atlanta, Georgia
. Foreign client in the acquisition of a five star hotel in Beverly Hills
and the re-branding of the hotel, including the negotiation of a hotel
management agreement and technical services agreement with the hotel
manager.
. Credit Suisse in connection with leasing issues relating to their New
York City headquarters and in negotiating restaurant and wine bar
subleases and ancillary documentation including overlandlord's consent,
non-disturbance agreements, lease guaranties and letters of credit.
. International Foreign Exchange Concepts, L.P. in connection with a lease
of 23,000 rentable s.f. from Cohen Brothers Realty at 3 Park Avenue, New
York, New York
Contact this candidate