Jaimee Zuboff Newman represents lending institutions in negotiating, documenting and closing commercial finance transactions in jurisdictions nationally, including secured and unsecured financing facilities; construction, permanent and construction to permanent facilities; working capital credit facilities; loan participations; derivative transactions; and debt restructures and workouts. Jaimee also provides legal counsel to private companies and state agencies in corporate transactions and day-to-day affairs, involving contract drafting and negotiating; formation, transition and dissolution of business entities; and general business affairs. Her sound legal acumen, unyielding commitment to excellence and professionalism, and consistent goal of fostering honest and amicable working relationships between all transaction parties, enables Jaimee to independently manage complex transactions in an effective and efficient manner.
Jaimee has authored articles for publication in the New England Real Estate Journal on topics including derivative transactions, treatment of escrowed funds in bankruptcy, and the former FDIC transaction account guarantee program. She is a member of the Connecticut Bar Association and The Real Estate Exchange. Jaimee's achievements have been recognized not only by her colleagues and clients, but also by Super Lawyers, where she was named as a 2009 and 2010 New England Rising Star in the areas of Real Estate and Business/Corporate Law.
News & Events
Halloran & Sage LLP Announces New Partners
The law firm of Halloran & Sage LLP is pleased to announce that Joseph Jay Arcata, III, Eric D. Bernheim, Matthew S. Necci, Jaimee Z. Newman and Allen Gary Palmer have been admitted as partners.
Joseph Jay Arcata, III is a member of the Firm's Litigation & Dispute Resolution and Insurance Practice Groups. He received his J.D. from Quinnipiac University School of Law and his B.A. from Providence College. Jay also serves on the Board of Directors of Hartford's Camp Courant.
Eric Bernheim is a member of the Firm's Corporate Business & Transactions, Land Use, Litigation and Real Estate Practice Groups. He is also certified as a LEED Green Associate. He received his J.D. from Roger Williams University School of Law and his B.S. from Ithaca College.
Matthew Necci is a member of the Firm's Litigation and Workers' Compensation Practice Groups. He received his J.D. from New York Law School and his B.A. from the University of Connecticut. Matthew also serves on the Special Olympics of Connecticut Board of Directors.
Jaimee Zuboff Newman is a member of the Firm's Corporate Business & Transactions and Real Estate Practice Groups. She received her J.D. from Suffolk University Law School and her B.A. from the University of Michigan. She is a frequent contributor of articles to the New England Real Estate Journal.
Allen Gary Palmer is a member of the Firm's Divorce and Family Law Practice Group. He received his J.D. from Benjamin N. Cardozo School of Law and his B.A. from the University of Connecticut. He is the Region 1 Representative for the ABA Family Law Section Council and the current Vice-Chair of the CBA Family Law Section.
Halloran & Sage LLP is a full service law firm with offices in Hartford, Danbury, Middletown, New Haven, New London and Westport, Connecticut, and a branch in Washington, DC. Founded in 1935, the Firm's client base ranges from Fortune 500 companies to closely held businesses, institutional and private investors, governmental units, public and private universities, and other non-profit organizations.Business Transactions Group Year-End Transactions
The Halloran & Sage Business Transactions Group, led by partners Robert Cox and James Maher, has further cemented its status as a leader in the Greater Hartford and Greater New Haven business communities through its efficient and expert execution of an unprecedented level of diverse and complex transactions at the end of 2012.
Bob and Jim worked closely with associates Jaimee Newman, Matthew Teich and Casey O'Connell, along with legal assistants Karel Ortolani and Olivia Albanese, to close over twenty corporate and commercial transactions in December, 2012, showcasing the Halloran & Sage Business Group's proven ability to meet aggressive deadlines and produce high quality work for clients while matching up with other leading regional and national law firms. The buzz surrounding the Group's 2012 success has the firm and its business clients excited to tackle the numerous new projects that are already underway in 2013.
The diversity of the Halloran & Sage Business Group's 2012 year-end transactions, along with the sheer volume of closings, illustrates the Group's capacity to effectively represent its clients' varied needs. These transactions included business and real estate acquisitions and divestitures, strategic alliance agreements, stock redemptions, a medical office building/cancer center development, tax-driven mergers and dissolutions, business and acquisition financing, health care financing, corporate financing and loan restructures, corporate governance/gifting matters and incentive compensation/employment matters.
Bob and Jim believe that the rising profile of the Halloran & Sage Business Group in both Hartford and New Haven is being defined as the Group closes out 2012 and begins to tackle new challenges in 2013. The Group is thankful to be thriving in this challenging environment and believes that its clients are sensing a building momentum. While the strength of the corporate and commercial market remains uncertain, the volume and diversity of the Halloran & Sage Business Group's year-end transactions is a testament to its clients' belief and reliance on the professionalism and responsiveness of the Group to provide the services they need when they need them.
Business Transactions Group members have increased their involvement in major business organizations, including both the MetroHartford Alliance and the Greater New Haven Chamber of Commerce. As a Strategic Partner level-member at the MetroHartford Alliance, they are keeping abreast of economic developments in the Hartford region and also participating in the newly launched Connecticut Health Council. In New Haven, they are participating in the New Haven Chamber sponsored Regional Leadership Council which addresses the major economic and legislative issues in the region. Halloran & Sage is also pleased to be involved in a new statewide program co-sponsored by The Hartford Business Journal and the CBIA which will honor family owned businesses later this year.
|Reported Cases||Representative Matter: Firm Represents Regional Bank in Refinancing Credit Facility and Acquisition; Halloran & Sage represented a regional bank in refinancing credit facilities previously extended to a prominent Connecticut based company, with a separate mortgage, term and line of credit loan in the aggregate amount of $35,000,000. The additional proceeds were used to finance the company's acquisition of a local competitor. Halloran & Sage, led by business law partner Robert Cox and attorney Jaimee Z. Newman successfully counseled the bank through complex questions regarding the nature and extent of the bank's rights to the unique assets owned by the company. The deal was negotiated, documented and closed within approximately 30 days, to accommodate the seller's year-end deadline.H & S Represents Large Regional Bank in Modifying and Extending Credit Facilities to Local Manufacturer; Halloran & Sage, represented a large regional bank in modifying existing credit facilities, and extending an additional facility, to a Connecticut manufacturing company. The additional proceeds were used by the company to acquire new business assets. All facilities were cross-collateralized and cross-defaulted, such that the bank can look to the assets of the company and its affiliates as security for all of the loans. The deal led by business law partner Robert Cox and attorney Jaimee Newman, was negotiated, documented and closed in less than 30 days to accommodate the parties' desire for a year-end closing.Multifaceted Health Care Development and Construction Deal Negotiated, Documented, and Closed; Halloran & Sage successfully counseled a large Connecticut construction and real estate firm through the negotiation, documentation, and closing of the development and construction a new health care facility and an adjacent medical office building. The project involved the negotiation and preparation of a participation agreement, a purchase and sale transaction, reciprocal easement agreements, construction contracts and leases. Additionally, Halloran & Sage represented its client in securing and documenting $19,500,000 of construction financing. The Halloran & Sage team was led by real estate partner James Maher and also included real estate associates Matthew Teich, Jaimee Newman and Casey O'Connell, construction partner William Wilson, II, and legal assistant Karel Ortolani.H & S Negotiates a Complex Loan and Forward Start Swap Transaction to Capitalize on Low Floating Interest Rates; A team of attorneys from Halloran & Sage Business Law Group, led by attorneys Robert Cox and Jaimee Newman, successfully counseled People's United Bank through the negotiation, documentation and closing of a financing transaction in which People's United Bank extended a first mortgage loan for the acquistion and development of a gas station and service center in New York state. In order to capitalize on the low floating interest rate environment, and to accommodate the Borrower's desire for fixed rate financing, the loan was closed, in advance of funding, together with a forward start interest rate swap. The loan proceeds were advanced, and the swap became effective, upon completion of the project. Halloran & Sage's prior experiences with such transactions enabled it to accurately document, and counsel both the bank and borrower through, the complex process.H & S Closes the Financing of 25 Group Homes Throughout the State of Connecticut; Halloran & Sage represented the Connecticut Housing Financing Authority in its financing of twenty-five community residential facilities, commonly known as group homes, throughout the State of Connecticut. Each of the twenty-five transactions involved a unique and complex set of documentation, title, insurance and other due diligence matters. Through coordination with CHFA's internal team and outside bond counsel, Halloran & Sage successfully negotiated and resolved all matters to close the transactions within the requisite short term closing period. Completion of these transactions ensures that the facilities will continue to serve as group homes for those with developmental disabilities for the next three decades. The Halloran & Sage team was led by business law partner, Robert Cox, and also included real estate associate Jaimee Newman.H & S Represents a Connecticut State Housing Authority in the Financing of an Affordable Housing Complex; Halloran & Sage, led by business law partner Robert Cox and real estate associate Jaimee Newman, was chosen to represent the Connecticut Housing Financing Authority in its extension of a $23,000,000 construction to term loan facility for the development of a Section 8 multifamily apartment complex in New Haven, Connecticut. The transaction involved multiple levels of financing, from various state and federal agencies, all of which were subordinate to the CHFA financing. Halloran & Sage provided counsel to CHFA on various documentation and due diligence matters, including complex title and survey, zoning and opinion issues. Closing of this transaction will allow for the construction and operation of 100 affordable housing units for residents of State of Connecticut for the next four decades.Transactional Group Counsels Bank in Modifying and Expanding Multiple Credit Facilities to a Prominent Connecticut Company; Halloran & Sage represented TD Bank, N.A. in substantially modifying and expanding upon various credit facilities previously extended to a prominent Connecticut based company. In addition to providing working capital for the company, the facilities will provide financing for the construction of an addition to the company's headquarters, necessitated by a simultaneous merger transaction. To accommodate the Borrower's desire for fixed rate financing, a forward start interest rate swap was successfully completed relative to the construction facility, intended to become effective upon completion of the addition. Halloran & Sage's prior experiences with such transactions enabled it to accurately document, and counsel both the Bank and Borrower through, the complex process. The Halloran & Sage team was led by business law partner, Robert Cox, and also included real estate associate, Jaimee Z. Newman.Transactional Team Maneuvers through Complex Tax and Environmental concerns to close a $7M Mortgage Loan; Halloran & Sage represented a large Connecticut bank in closing a $7M first mortgage loan secured by property located in Wallingford, Connecticut. To address complex tax and environmental matters, and to accommodate the customer's desired use of the loan proceeds, a unique co-borrower structure was developed. Whereby both the fee owner of the property and its Principal, the originally intended payment guarantor, were co-borrowers of the loan and thus primarily liable for the debt. In addition to a first mortgage lien on the real property and related collateral, the loan was secured by a first priority lien and security interest upon certain limited liability company membership interests owned by the Principal in an affiliated entity. The Halloran & Sage team was led by business law partner, Robert Cox, and also included real estate associate, Jaimee Newman and legal assistant, Karel Gargiulo.Connecticut Properties Refinancing Matter Administered by Firm; Halloran & Sage was chosen to be among six prominent Connecticut law firms to counsel a Connecticut State Housing Authority through the refinancing of, and extension of additional financing for, a fourteen property portfolio which serves as Section 8 housing throughout the State of Connecticut. Readily accommodating a year end closing date, Halloran & Sage successfully documented the restructuring and additional financing for housing developments located in New Britain, Connecticut, and Groton, Connecticut, and provided counsel to the Authority on all due diligence matters, most notably complex title issues. Completion of these transactions ensures that the developments will continue to serve as affordable housing for residents of State of Connecticut for the next four decades. The Halloran & Sage team was led by business law partner, Robert Cox, and also included real estate associates, Jaimee Newman and Matthew Teich.H & S Successfully Counsels U.S. Bank National Association in Closing of $45M Mortgage Loan Facility; Halloran & Sage successfully counseled U.S. Bank National Association through the negotiation, documentation and closing of a $45M mortgage loan facility, under which U.S. Bank holds a $30M participation interest and serves as collateral agent. The financing was provided in connection with the purchase and sale of 100 Arlington Street, located in the heart of downtown Boston, Massachusetts. The facility is structured to provide an interim mortgage loan to the seller until such time as the closing of the purchase and sale transaction occurs. Upon the closing of the purchase and sale transaction, the facility will provide the financing for the acquisition of the property. The Halloran & Sage team was led by real estate partner, James Maher and also included real estate associate, Jaimee Zuboff and legal assistant, Karel Gargiulo.H & S Counsels Lead Lender in $70M Luxury Hotel and Condo Deal; Halloran & Sage recently completed closing of a $70M construction loan facility for the luxury Ocean House Hotel and Condominium located in Westerly, Rhode Island. The firm served as counsel to U.S. Bank National Association, as lead lender for the bank group providing the financing. This project involves the complete renovation of an historic beachfront hotel into a 48 room luxury hotel with 24 residential condominium units. The Halloran & Sage team was led by real estate partner, James Maher and included construction partner, Bill Wilson, real estate associate, Jaimee Newmanand legal assistant, Karel Gargiulo.H & S Negotiates Financing for Mixed-Use Redevelopment Project; Halloran & Sage represents U.S. Bank National Association in closing a $30,700,000 senior construction financing for the redevelopment of the historic Rumford Chemical Works facility in East Providence, Rhode Island. This project, which consists of a mix of residential, commercial and retail uses, will be renovated under state and federal historic tax credit programs and includes the use of a land condominium and included the potential for additional project level sub-condominium declarations. The H & S legal team was led by James Maher and included Jaimee Zuboff and Karel Gargiulo.|