Rab N. Nalavala is a member of the firm’s Real Estate, Real Estate Special Opportunities, and Construction Departments.
Rab’s practice is national in scope and encompasses all aspects of general commercial real estate, with a particular emphasis on development and finance matters. He represents major investment banks, private equity companies, opportunity funds, sovereign wealth funds, REITs, family-owned businesses and various joint venture entities in the acquisition, disposition, development, financing, management and leasing of commercial, retail, industrial and residential properties. Rab also has significant experience representing both lenders and borrowers in connection with real estate finance transactions, including construction lending, bond financing, mezzanine lending, loan workouts, restructures and deed-in-lieu transactions. He specializes in the acquisition, construction and development of domestic and international projects in the hospitality, leisure and gaming industries, including resorts, casinos, sports complexes and golf courses.
Rab has structured, negotiated and closed a full range of real estate transactions including:
- Two private equity funds in a joint venture to purchase ownership interests in a 4,760,000-square foot retail development project in Northern New Jersey and on the joint venture’s related $1.1 billion construction financing.
- A public REIT in a $335 million acquisition and related senior and mezzanine loan financing for a premier office building in midtown Manhattan.
- An investment bank’s real estate group in lending on a $252 million construction loan for the development of a 242-room, 118 luxury residence, five-star resort, spa and golf course in Palm Springs, California.
- A private equity fund in a series of sale-leaseback financings for seller’s Midwest headquarter facilities.
- A joint venture in a $30 million refinancing and construction loan for a 250,000-square foot shopping center in Pennsylvania.
- A New York developer in a discounted payoff settlement agreement and related $41 million refinancing for a multi-family residential building in midtown Manhattan.
- A prominent European bank in the management of $1.35 billion US-based construction loan portfolio – transactions included the complete restructuring of loans, workouts, deed-in-lieu agreements and foreclosures.
- An Israeli private equity fund in the purchase of $40 million note on a stalled condominium development in midtown Manhattan and on the related deed-in-lieu agreement with the developer/borrower.
- A prominent financial services lender in restructuring $100 million in senior loans with a national property management company’s acquisition unit borrower – transactions included workouts, deed-in-lieu agreements and note sales.
- A European bank lending to a related private equity fund on $152 million and $107 million acquisition loans for Class A office buildings in midtown Manhattan.
- An investment bank’s real estate group in the disposition of a marina, related time-share units and raw land in Paradise Island, Bahamas.
- A family-owned company in a $42 million purchase of ten ground leased property portfolio from two separate loan servicers.
- A publicly listed pharmaceutical services provider in the $190 million sale of 560,000-square foot Class A office building in midtown Manhattan.
- A private cancer treatment and research center and hospital in the disposition of a five building 452,647 square foot redevelopment property in New York City.
- A premium, global beverages company in a long-term ground lease in St. Croix, USVI for a rum distillery and on their related $250 million bond financing.
- An investment bank’s gaming and leisure group, in cooperation with an American Indian tribe, in a $305 million senior notes offering for the development, construction and operation of a casino and resort facility in Michigan.
- An investment bank’s securities group, in cooperation with an American Indian Tribe, in a $330 million senior notes offering for the development, construction and operation of a casino and entertainment facility near Seattle, Washington.