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Arthur Adler has practiced in Sullivan & Cromwell's commercial real estate group since 1983. He is active and experienced in real estate and real estate finance law, representing borrowers, lenders and investors in the origination and securitization of commercial mortgage loans, mezzanine loans and preferred equity transactions; corporate and other institutional users acquiring, developing and leasing headquarters and other facilities; sellers and purchasers of property portfolios and substantial properties; lessees, lessors and lenders in real-estate lease financings (including sale-leasebacks); and joint ventures to develop, redevelop, operate and/or finance office, hotel and other commercial properties. Among Mr. Adler's noteworthy transactions are Vornado and Related Companies joint venture redevelopment of Penn Station in New York City and the related conversion of the Farley Post Office Building to Moynihan Station and a new Madison Square Garden; Goldman Sachs' Battery Park City World Headquarters development in Lower Manhattan and its Jersey City (NJ) Headquarters development; the acquisition of, and secured and unsecured property company financings for, Toys "R" Us; financing for Bain Capital's acquisition of Outback Steakhouse Inc.; structured lease financings for UBS, CA, Inc. (formerly Computer Associates), Brinker International and Wal-Mart; Prudential's acquisition, development and sale of its Times Square office portfolio; and the formation and advising of development joint ventures for Vornado Realty Trust, General Growth and Tisch Family Interests in the New York greater metropolitan area and throughout the United States. | 