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June 26, 2020

Press Release

New York, June 26, 2020 – Stroock’s national Real Estate Group advised a joint venture managed by Lendlease and L&M Development Partners in obtaining construction financing from global financial services firm Barings, on behalf of its managed accounts, for the development of 100 Claremont Avenue into a 354,000-square-foot mixed-use building in the cultural and academic neighborhood of Morningside Heights.

Upon completion, 100 Claremont Avenue will boast a mix of condominium residences, as well as modern classrooms, academic offices and faculty-designated housing.

“This is an exciting day as it marks the culmination of over five years of work and the achievement of a critical milestone in the development of 100 Claremont,” noted Karen Scanna, partner at Stroock. 

The Stroock real estate team, led by Karen, also included partner Ross Moskowitz, special counsel John Egnatios-Beene, associates Elizabeth Akerman and Amanda Fick-Cambria and paralegal Maureen Yuen.

Stroock’s national Real Estate Group is a one-stop shop, drawing on extensive experience in virtually every aspect of commercial, residential, industrial and mixed-use property to ensure our clients meet all of their investment and operations goals.  The group works with Fortune 500 companies, developers, institutional investors, sovereign wealth funds, financial institutions, REITs and others on matters including investment, acquisitions and dispositions, joint ventures, financing and refinancing, development and redevelopment, property and portfolio management, fund and REIT formation and operation, compliance matters, land use and zoning, government real estate and dispute resolution.

Stroock provides strategic transactional, regulatory and litigation advice to advance the business objectives of leading financial institutions, multinational corporations and entrepreneurial businesses in the U.S. and globally. With a rich history dating back 140 years, the firm has offices in New York, Los Angeles, Miami and Washington, D.C. For more, visit www.stroock.com.

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