Miles focuses his practice on commercial real estate transactions and the real estate aspects of corporate mergers and acquisitions. His practice involves representation of institutional real estate owners and lenders in connection with acquisitions, development projects and dispositions, joint ventures, mortgage, mezzanine and construction loans, IDA and HUD financings, ground and space leases, sale lease backs, development, management and leasing agreements, construction contracts, and architect’s and construction management agreements. He also represents tenants leasing offices, stores, and warehouses and manufacturing facilities, and sites for development under ground leases. In addition, Miles represents lenders in connection with loans and refinancings secured by mortgages and leasehold mortgages on office, mixed use and apartment buildings and shopping centers, and on mezzanine loans, loan workouts, loan portfolio acquisitions, dispositions and participations.
Representative Engagements
Recent representative engagements include:
$2.2B acquisition of Beverly Health Care, including the sale and leaseback of over 250 real estate sites.
$1.5B going private and acquisition of Mariner Health Care, including the sale and leaseback of over 160 real estate sites.
Acquisition of the Ford Theater in NYC, the Ford “Oriental” Theater in Chicago and the Pantages Theatre in Toronto, including extensive negotiations with the Times Square BID, and various city agencies.
Assemblage of over 4,000 acres in Marino Valley, California.
$100M Acquisition and related financing of 404 Park Avenue South, New York City
Structured and implemented a $150M program for the acquisition, leasing, construction and disposition of over 60 retail stores throughout the United States with the CKS Auto Parts chain.
Sale leaseback of 33 W. 57th St., NYC to a Vornado and Lefrak joint venture for development.
Joint Venture and Development of Temple Court in Downtown, New York City.
Joint Venture and Development of 513-519 W. 57th St., NYC with The John Buck Company.
150 year ground lease from Bay Area Rapid Transit Authority for development of a hotel in San Francisco.
Outside General Counsel to Loehmann’s, Inc. for national retail leasing and real estate matters.
Sublease of a 50,000 square foot flagship McDonald’s restaurant in Times Square.
$950M loan to a borrower which owned over 250 sites in over 20 States on which skilled nursing and assisted living facilities were operated.
$250M mezzanine loan to borrower which owns over 250 real estate sites.
$200M loan from Merrill Lynch for acquisition of over 20 skilled nursing facilities in 14 States.
$60M senior loan from Marathon Asset Management secured by Hotel Thirty-Thirty in NYC.
$30M loan from Marathon Asset Management secured by The Aviator concession at Floyd Bennett Field with The National Park Service.
Publications
The New York Law Journal published an article by Charles Paikert featuring the Ruppert Yorkville Towers and the 850 closings in which Mr. Borden participated.
"Lien Waiver, Access Clause in a Lease Can Be Crucial," New York Law Journal (June 17, 2002)