Stephen A. Urban concentrates his practice
in the area of real estate, including
purchase and sale transactions, financing,
leasing and related issues.
Mr. Urban has significant experience
representing sellers and purchasers in a
wide range of commercial real estate
transactions.He excels in difficult or complicated
transactions that require creative
structuring, such as property flips,
acquisitions of property for development,
upREITs, tax deferred contributions to
private equity funds, sale-leasebacks and
1031 exchange transactions.Many of the deals he has worked on
require creation of complicated property
rights, such as park covenants, reciprocal
easements and use or architectural
restrictions.
Mr. Urban frequently represents landlords
and tenants in connection with a variety of
commercial lease and sublease transactions
involving office, warehouse and retail
sites.He has recently negotiated several
retail ground leases.He further represents borrowers and
lenders in connection with commercial loan
transactions, including construction loans
and purchase money financing.
In representing clients, Mr. Urban
understands that his role is to facilitate
the deal.He adheres to the philosophy that
clients are best served by quickly reaching
a fair agreement that meets the needs of all
parties involved, not endless posturing and
negotiation.Having represented sellers and
buyers, landlords and tenants, and lenders
and borrowers throughout his career, he can
quickly cut through the issues that are
important to both sides, while still
protecting the interests of his clients.
Speaker, “What to do When Your Tenant or
Landlord Files For Bankruptcy,”
Newark, New Jersey (June 2, 2010)
•
Moderator and Speaker, “Handling Current
Commercial Landlord Tenant Issues,”
West Orange, New Jersey (May 12, 2010)
•
Speaker, “Deferral of Capital Gains by
Contributing Property to Private Equity
Partnerships, DownREITS and UPREITS,” Philadelphia, Pennsylvania (October
28, 2007)
•
Speaker, "Real Estate Development From
Beginning to End," East Brunswick, New
Jersey, October 6, 2005; Mount Laurel,
New Jersey (November 16, 2005)
Board Affiliations:
•
Board of Directors, INROADS New York/New Jersey, Inc.
•
Board of Directors, Performing Arts
Gazebo at West Caldwell
•
Member of Membership Committee, National
Association of Office and Industrial
Properties, New Jersey Chapter
Sales and
Acquisitions:
Represent sellers and purchasers in a
wide range of commercial real estate
transactions, including sales and
acquisitions of office buildings,
residential subdivisions, retail sites
and vacant land.Representative transactions
include:
•
Represent a corporation in connection
with the acquisition of a 400,000 square
foot corporate headquarters;
•
Represent a developer in connection with
the flip of 15 residential subdivisions
to a national homebuilder expanding into
the
New Jersey
market;
•
Represent real estate portfolio in
connection with the acquisition of ten
industrial properties having an
aggregate sales price of over
$100,000,000;
•
Represent major financial corporation in
connection with the sale of a former
corporate headquarters to a
pharmaceutical company, where the
$150,000,000 mortgage debt assumed by
the purchaser exceeded the $80,000,000
purchase price;
•
Represent a property owner in connection
with the tax deferred contribution of a
shopping center to a real estate
investment trust;
•
Represent private equity fund in
connection with tax deferred
contributions of various properties to
the fund;
•
Represent a purchaser in connection with
the $12,000,000 sale/leaseback and
financing of two supermarket sites.
Leasing:
Represent landlords and tenants in
connection with a variety of commercial
lease and sublease transactions
involving office, warehouse and retail
sites.Representative transactions
include:
•
Represent a ground landlord in
connection with a default by a hotel
ground tenant;
•
Represent a computer company in
connection with an 89,000 square foot
office and warehouse lease;
•
Represent a property owner in connection
with the ground lease of a 100,000
square foot big box retail site;
•
Represent a landlord in connection with
a 95,000 square foot office lease;
•
Represent a wireless company in
connection with master leases for
nationwide wireless antenna sites;
Finance:
Represent borrowers and lenders in
connection with commercial loan
transactions, including construction
loans, acquisition financing and
purchase money loans between sellers and
purchasers, and defeasance transactions.Representative transactions
include:
•
Represent a lender in connection with an
$8,000,000 construction loan secured by
a leasehold interest in property;
•
Represent a lender in connection with a
$6,000,000 loan for acquisition of a car
dealership site;
•
Represent a nonprofit corporation in
connection with a $2,250,000 bond
financing;
•
Represent a computer company in
connection with a $20,000,000 unsecured
line of credit;
•
Represent a borrower in connection with
a $6,000,000 securitized refinancing of
a supermarket;
•
Represent a purchaser in connection with
a $19,000,000 purchase money loan by a
seller of an industrial park.
Other:
Represent clients in connection with
other real estate related matters,
including the real estate aspects of
litigation, bankruptcy and corporate
transactions.Representative matters include:
•
Represent a joint venture partner in
connection with the real estate aspects
of a $200,000,000 corporate joint
venture;
•
Represent major corporation in real
estate aspects of $700,000,000 asset
acquisition;
•
Represent a creditors' committee in a
major bankruptcy involving the
liquidation of over 300 properties;
•
Represent a developer in connection with
creation of park covenants for a 400
acre industrial park.
