skyline Real estate YeaR-in-Review 2010 contents DEVELOPMENT 2 SALES, ACQUISITIONS & FINANCING 6 LEASING & GROUND LEASING 10 HOSPITALITY 14 INTERNATIONAL REAL ESTATE 18 WORKOUTS AND RESTRUCTURING 20 RENT RESET DISPUTES 22 LAWYERS 24 © 2011 Paul, Weiss, Rifkind, Wharton & Garrison LLP. In some jurisdictions, this brochure may be considered attorney advertising. Past representations are no guarantee of future outcomes. skyline real estate year-in-review 2010 PARTNERS Friends, clients, colleagues, Steven Simkin
[email protected] Challenges abounded in 2010, but so did opportunities. 212-373-3073 The real estate market, along with the general economy, continued on Mitchell L. Berg
[email protected] a slow path to recovery. While new development was limited, existing 212-373-3048 projects advanced, and strategic options presented themselves in acquisitions, sales and financing. Meredith J. Kane
[email protected] 212-373-3065 So it is no surprise that our industry-leading clients had a busy year. From opportunistic acquisitions of both equity and debt to creative Harris B. Freidus restructurings and workouts to leasing and rent renegotiations, we
[email protected] helped our clients realize maximum potential under current market 212-373-3064 conditions. Skyline 2010 is a record of their successes — and our Peter E. Fisch commitment to offering them the highest quality counsel in every
[email protected] aspect of their business. 212-373-3424 COUNSEL We are proud of the creativity we were able to place at the service of our clients — innovative business counsel that takes advantage of Allen M. Wieder
[email protected] uncertain times and transforms adversity into advantage.