New York Law School (J.D., 1996), Articles Editor of the New York Law School Journal of Human Rights
University of Utah (B.A.,1991)
Terri L. Adler
Ms. Adler is considered one of the most talented and creative attorneys in real estate. Her success is achieved largely by understanding the business goals of her clients and assisting them in achieving those goals. Ms. Adler routinely represents clients involving their most complex transactions.
While overseeing one of the largest real estate practice groups in New York City, Ms. Adler has developed a wide range of expertise in all areas of national and international real estate practice including acquisitions, development, dispositions, financings, subdivisions, ground leasing, secondaries, distress situations, and workouts. In addition, Ms. Adler has developed a particular expertise in structuring and negotiating complicated joint ventures relating to such transactions.
As a result of her extensive experience, Ms. Adler is able to address not only the real estate aspects of a particular transaction, but also the unique needs of clients in their national and international transactions and relationships. Ms. Adler has assisted clients in understanding the laws and regulations of foreign countries and assisted those clients in opening offices in Singapore, India, and Japan, and conducting transactions in various foreign countries including China, Singapore, Hong Kong, Japan, India, and Taiwan (including the structuring of such investments through holding companies in the Netherlands, Barbados, Mauritius, and other countries).
Ms. Adler is consistently named as one of New York's Super Lawyers in real estate and as one of the Top 50 Women Attorneys in New York. Additionally, Ms. Adler was elected to The Commercial Observer’s Power 100 Reader’s Poll (along with her partner, Bruce Stachenfeld). The list marked the first time that The Commercial Observer allowed the public to vote for the most powerful people in New York real estate.
Ms. Adler is admitted to practice in New York.
Angelo, Gordon & Co. – Carlton House: This multi-year transaction involved the adaptive re-use of the former Carlton Hotel at 680 Madison Avenue into a mixed-use residential and retail complex. The Firm represented a joint venture comprised of affiliates of Angelo Gordon & Co. and Extell Development in the purchase and redevelopment of the project, the restructuring of the ground lease position, in the complex multi-tranche financing and refinancing, and, finally, in the sale of a portion of the retail space through a synthetic bifurcation of the ground lease between the retail and residential component of the building.
Halpern Real Estate Ventures, LLC – Broome/Varick Street Development: Representation of our client in the acquisition of an assemblage of properties in the Soho neighborhood of Manhattan in connection with the development of a mixed-use condominium. The acquisition involved 5 separate and unrelated contracts, over 20 equity parties in 5 layers of equity, and mortgage and mezzanine pre-development financing. Subsequent to the acquisition, we handled the refinancing of the acquisition debt, the subsequent conversion of such debt into a majority equity position, the obtaining of a construction loan in excess of $450M and a $50+ million mezzanine loan procured through the EB-5 investor visa program and became the first major New York development to get debt, equity and mezzanine financing all from China.
Young, Woo & Associates and Sabey Enterprises – 375 Pearl Street: This project involved the acquisition of the principal condominium interest at 375 Pearl Street in lower Manhattan to be converted to approximately 1,000,000 square feet of data center use and the continued representation on matters relating to the condominium unit.
Angelo, Gordon & Co. – Chelsea Market: The project commenced with the acquisition of the Chelsea Market property by our client in 1998 and ended with the sale of our client’s remaining ownership interests in 2011. During this time, we represented our client in connection with the acquisition, financing, redevelopment and eventual disposition of the property as a media and specialty-food destination, which played a significant role in turning the meatpacking district into the vibrant destination that it is today.
NorthStar Realty Finance Corp. – Manufactured Housing Portfolio: Representation of our client in its equity investment in a joint venture which acquired multiple manufactured housing communities located across several states together with the eventual sale of the manufactured housing portfolio for a sale price in excess of $2B.
WX – New York Women Executives in Real Estate
Listed, Power 100 Reader’s Poll, The Commercial Observer (2013)
Listed, Top 50 Women Attorneys, New York Super Lawyers (2012, 2013, 2014, 2016)
Listed, The Best Lawyers in America (2012-2016), Real Estate Law
Super Lawyers: New York Metro: 2009-2016