Marco Caffuzzi

Marco’s experience includes advising:

Financings (Lender-Side)

• Silverstein Capital Partners on mezzanine and senior construction loans for several mixed-use development projects, including combinations of for-sale condominium units, rental apartments, retail, hotel, parking, and other components, in numerous locations, such as the:
  • US$665 million senior and mezzanine construction loans for 9 Dekalb, Brooklyn’s tallest skyscraper*
  • US$700 million senior and mezzanine construction loans for a large mixed-use project in Bellevue, Washington*
  • US$80 million senior and mezzanine construction loans for a hotel and condominium development in Austin, Texas*
  • US$340 million senior and mezzanine construction loans for a hotel and condominium development in Miami*
  • US$118.5 million senior and mezzanine construction loans for hotel and condominium development in Turks and Caicos*
  • Acquisition of a fully advanced US$280 million senior and mezzanine construction loan for One Clinton in Brooklyn Heights, New York*
• JPMorgan Chase Bank on numerous loan transactions, including the:
  • US$1.195 billion senior loan and US$475 million mezzanine loan originated for the development of the American Dream mall in New Jersey; these loans were restructured via a strict foreclosure and loan modification in 2022*
  • US$455 million senior and mezzanine loans to an affiliate of W.P. Carey in connection with the spinoff of W.P. Carey’s net lease office portfolio*
  • US$270 million senior and mezzanine construction loans in connection with the development of a retail and entertainment complex in Las Vegas*
  • US$164 million senior and mezzanine construction loans in connection with the development of the Goodtime Hotel in Miami Beach, Florida*
• Brookfield Properties on the potential workout and restructuring of mezzanine loans related to office properties in New York and Washington, D.C.*
• Safehold on numerous “development ground lease”-style financing transactions in locations such as New York; Austin, Texas; Jacksonville, Florida; Nashville, Tennessee; Bellevue, Washington; and Cambridge, Massachusetts, several of which included the simultaneous origination of senior and mezzanine construction loans*

Financings (Borrower-Side)

• Silverstein Properties on numerous mortgage and mezzanine financings, such as:
  • The multibillion-dollar liberty bond issuances for towers 3, 4, and 7 at the World Trade Center, which featured unique municipal bond/CMBS execution structures*
  • A US$150 million mortgage and mezzanine financings in connection with the acquisition of 116 John Street in New York, an office-to-residential conversion*
  • A US$300 million mortgage financing and preferred equity investment in connection with the acquisition of 55 Broad Street in New York, an office-to-residential conversion*
  • Extending and modifying mortgage and mezzanine loans related to the life sciences development project at 619 West 54th Street in New York*
  • Extending and modifying mortgage and mezzanine loans related to the US Bank Tower in downtown Los Angeles*
• Regeneron Pharmaceuticals on the US$720 million acquisition and sale-leaseback financing of an office building complex in Westchester County, New York*
• Planet Networks on a potential taxable municipal bond issuance to expand its fiber networks in the northeast US*

Development Transactions

• Quantum Pacific Management on:
  • Acquiring and redeveloping several Manhattan office buildings for conversion to multifamily use, with associated joint ventures and bridge and construction financings, including 767 Third Avenue, 845 Third Avenue, and 101 Greenwich Street*
  • Investing in a new construction development project at 800 Fifth Avenue, with associated joint venture, bridge, and construction financing*
• Brookfield on:
  • Originating a US$484 million permanent loan to a joint venture of Bain Capital and Phase 3 Real Estate for the Genesis Marina project in San Francisco*
  • Originating a US$469 million construction financing to Howard Hughes Corporation to develop a condominium project in Hawaii*
  • A US$187 million note-on-note financing transaction relating to a construction loan*
  • A deed in lieu of foreclosure to an office building in Washington, D.C.*
• Silverstein Properties on:
  • Redeveloping towers 2, 3, and 4 at the World Trade Center, as well as 7 World Trade Center, in the years following 9/11*
  • Developing 200 West End Avenue, a luxury condominium building in New York*
  • Developing a Four Seasons Hotel in Orlando, Florida*
  • Converting 55 Broad Street in New York from office to residential use*
  • Developing a site at 41st Street and 11th Avenue in New York*
• A confidential client on a joint venture with a developer to construct a flagship retail store and offices and luxury for-sale condominiums in a to-be newly constructed, super-tall tower in Midtown Manhattan*
• Moynihan Station Development Corporation and Empire State Development on redeveloping the Farley Post Office in Manhattan into a state-of-the-art train station and office and retail facility*
• Two Trees Management on numerous development transactions in Manhattan and Brooklyn that involved unusual features, including:
  • Developing a horse stable for the New York Police Department’s Mounted Unit*
  • Developing a middle school*
  • Developing a cultural and arts facility in Fort Greene, Brooklyn, for the Department of Cultural Affairs*
  • Developing a park at the Domino Sugar factory project*
  • Donating a vintage carousel to be placed in Brooklyn Bridge Park*
• Howard Hughes Corporation on redeveloping Pier 17 and the Tin Building at the South Street Seaport in New York, including renegotiating a long-term ground lease for the site between Howard Hughes and the city*
• Mercedes-Benz of Manhattan on developing its over-300,000-square-foot, state-of-the-art showroom and service facility on Manhattan’s West Side
• The Clarett Group on multiple assemblage and condominium development projects in New York*
• The Georgetown Company on various development projects in New York; Chicago; and Columbus, Ohio*

Acquisitions and Dispositions

• Sony Corporation of America on the sale of its landmarked headquarters at 550 Madison Avenue in New York*
• Silverstein Properties and Boston Properties on office building and development site acquisitions, including:
  • Silverstein Properties’ 2020 purchase of the US Bank Tower in downtown Los Angeles*
  • Silverstein Properties’ acquisition of the Disney/ABC Television studio facilities on Manhattan’s West Side*
  • Silverstein Properties’ sale of 570 Seventh Avenue in New York*
  • Boston Properties’ acquisition of 399 Park Avenue in New York*
  • Boston Properties’ sale of 875 Third Avenue in New York*

Other Representations

• Footlocker on all real estate matters involved in its merger with Dick’s Sporting Goods, including retail lease consent analysis and strategy, headquarters relocation, and termination of substantial leasehold interests in New York City*
• Marx Realty on pursuing a long-term ground lease of the Chrysler Building in New York*
• Various public sector clients on infrastructure-related developments, including:
  • Clients involved in redeveloping Moynihan Station*
  • The Port Authority of New York and New Jersey on redeveloping terminals 1, 2, 4, and 5 at John F. Kennedy Airport*
• Apollo Real Estate Advisors on negotiating a joint venture with The Related Companies to develop the Time Warner Center at Columbus Circle in New York*
• Sony Corporation of America on its headquarters lease at 25 Madison Avenue in New York*
• Silverstein Properties on:
  • Forming Silverstein Capital Partners, its debt fund and lending platform*
  • A lease agreement with Group M for the latter’s headquarters at 3 World Trade Center*
• An international conglomerate on investing in certain real estate platforms for US real estate*
• A New York real estate company on its potential partnership consolidation and roll-up of multiple properties into a single syndicated venture*

*Matter handled prior to joining Latham