Jay A. Neveloff advises a broad range of clients involved with the development, ownership and financing of real estate projects, including high-profile mixed-use, commercial, retail, and residential projects in New York City and throughout the country. A nationally recognized transactional lawyer, Jay represents institutional and private equity funds, as well as other investors and owners, in joint ventures, the acquisition and sale of property, including portfolios of properties, and in connection with a broad variety of developments. He also represents major international funds and financial institutions in commercial lending transactions, preferred equity investments, loan restructurings and workouts.
His most notable transactions include high-profile projects in New York City, such as the Disney-ABC, representing the company in the sale of its primary New York City campus and in the relocation of its New York headquarters to a 1.2-million-square-foot complex with office and studio space being developed in Tribeca; Waldorf Astoria, representing the owner in several aspects; The Nederlander Organization in the creative TSX Development involving lifting its landmarked Palace Theater to create retail frontage on Times Square and to unify signage; the acquisitions of 452 5th Ave. and 576 5th Ave.; CIM in the development of 432 Park Ave. and related matters; multiple parties involved in the development and financing of Central Park Tower; and Time Warner Center, representing Related-Apollo in the $1.7 billion development of the premier mixed-use complex in Columbus Circle. He also led the sale of Stribling & Associates to Compass and the sale of The Sunshine Group to NRT Corcoran.
Jay has played an integral role in advancing state and local legislative and policy changes on behalf of clients, including representing the owner of multiple large residential complexes and the owner and developer of major sports entertainment venues. He has had significant involvement in the adoption of federal and state legislation, including the adoption of amended Section 365(h) of the U.S. Bankruptcy Code (preserving the integrity of leasehold financings), the limitations enacted in 2016 regarding the Interstate Land Full Disclosure Act and other property-specific legislation, as well as New York State executive orders relating to the impact of the COVID-19 pandemic on real estate, and is regularly invited to review and comment upon, often in advance, pending New York State legislation related to real estate.
He has been ranked in Tier 1 for Real Estate by Chambers USA every year for more than 15 years, recently citing a source who said “Jay is simply one of the best real estate attorneys in the country.” Other sources laud Jay as “an expert in the field [who] provides commercial, reasonable advice,” “the consummate professional offering unparalleled strategic advice” and “a seasoned expert with excellent situational awareness who provides thoughtful and tailored guidance.” Jay’s “industry knowledge and experience is unparalleled,” and he “is simply one of the most connected real estate people … in the market.”
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