Gary S. Kleinman

Experience: Representative Matters: Represented affiliates of BLDG Management Co., Inc. and Metrovest Equities in their acquisition of the Sanctuary Camelback Mountain Resort and Spa in Paradise Valley, Arizona and represented BLDG in its partnership with Metrovest Equities and BB Living to acquire the Paradise Valley landmark, which has since been rebranded as Gurney's Sanctuary Camelback Mountain Resort and Spa.; Represented affiliates of BLDG Management Co., Inc. and Metrovest Equities in refinancing the Gurney's-branded luxury resort hotel in Montauk, New York with multiple loans having an aggregate principal balance of $217.5 million.; Represented SL Green, New York City's largest office landlord, in its partnership with RXR Realty to recapitalize 5 Times Square, a 1.1-million-sq.-ft. skyscraper in the heart of midtown Manhattan, which transaction included, among other things, $1.7 billion in new financing originated by a syndicate of investors including Morgan Stanley, AIG and Apollo. As part of the transaction, SL Green converted a $139 million mezzanine loan into equity, joining RXR as a co-owner of 5 Times Square. Together, the two owners will oversee the building's ongoing renovations and leasing activities.; Represented SL Green in the making of a $142 million preferred equity investment in the midtown NYC office building located at 245 Park Avenue, New York, New York. The transaction featured the delivery to SL Green of guaranties by the foreign parents of the domestic ownership entity and confirmation of the ability under foreign law of the guarantors to provide the funds required to perform on those guaranties in the United States and of SL Green to enforce those guaranties in the applicable foreign jurisdictions and in the United States.; Represented Square Mile Capital Management LLC in the making of a $152 million preferred equity investment in connection with the recapitalization of a portfolio of multifamily residential properties, three of which were under construction at the time of closing and one of which was encumbered with existing financing from Freddie Mac. The transaction featured, among other things, securing appropriate recognition rights for the benefit of Square Mile from the lenders on each of the properties to enable Square Mile to exercise its remedies in the event of a default.; Represented affiliates of Vanbarton Group LLC in the financing of the redevelopment into a Class A office building of the property located at 15 Laight Street, New York, New York, which included mortgage and mezzanine financing in the aggregate amount of $152 million. The transaction also involved advice from GT's land use group in connection with all aspects of the redevelopment.; Represented Square Mile Capital Management LLC in its joint venture with Innovo Property Group in obtaining construction financing, consisting of senior construction loans and a mezzanine loan totaling $355 million, for the development of a one million square foot two-story Class A logistics and distribution facility at 2505 Bruckner Boulevard, Bronx, NY. Bank OZK provided the construction mortgage loan and Everwest Capital provided the mezzanine financing.; Acquisition by a joint venture between affiliates of Square Mile Capital Management, LLC and Invesco, Ltd. of a portfolio of loans from Bank of America having an aggregate outstanding principal balance of approximately $880 million and consummation of acquisition financing with JP Morgan Chase Bank, N.A.; Sale by an investment group led by BLDG Management Co., Inc. of the property located at 1372 Broadway, New York, NY, for approximately $330 million, which sale was effected in two separate transactions (i.e., the sales of a fee interest and a leasehold interest) following the creation of a long-term ground lease covering the entire premises.; Represented affiliates of Vanbarton Group LLC in the sale of the office building located at 175 Water Street in the financial district of New York City.; Acquisition by a joint venture between affiliates of Square Mile Capital Management, LLC and Blackstone Group of a portfolio of mortgage loans from the FDIC having an outstanding principal balance of approximately $385 million and consummation of a refinancing of the portfolio with JP Morgan Chase Bank, N.A.; First mortgage loan in the amount of $170 million made by an affiliate of a U.S. pension fund advised by Emmes Asset Management Company, LLC, together with UBS Real Estate Securities Inc., to finance the acquisition of the property known as 70 Pine Street, New York, NY.; Represented SL Green Realty Corp. in the joint venture with affiliates of SITQ (Caisse de depot et placement du Quebec) in connection with the acquisition of the property located at 388-390 Greenwich Street, New York, New York and consummation of $562 million financing.;