New York Attorney
Matthew J. Leeds, Esq.
Leadership: Immediate Past Chair of Real Estate Practice Group
Mr. Leeds is a partner in the Real Estate and Cooperative and Condominium Law Practice Groups of Ganfer & Shore. Mr. Leeds handles all types of sophisticated real estate transactions, including particular exposure to matters relating to condominiums and cooperatives.
Mr. Leeds frequently works in the growing area of commercial condominiums, as well as leasehold commercial condominiums. Many matters relate to the takeover by lenders or investors of unfinished developments or of “unsold” units, and the methods of completing the offering, including analysis and structures recognizing issues of sponsor liability. Mr. Leeds has a particular interest in and has worked with issues relating to the Interstate Land Sales Disclosure Act for parties on all sides of transactions. Mr. Leeds frequently acts as lead counsel, or as special counsel to America’s largest law firms, for sophisticated real estate owners, including public REITS and major real estate owners and developers.
In addition, Mr. Leeds represents purchasers, sellers and owners of commercial and residential properties, developers and sponsors of offering plans, condominium associations and cooperative apartment corporations, investors, lenders and management.
- New York University School of Law (LL. M., 1983);
- State University of New York at Buffalo Faculty of Law and Jurisprudence (J.D., 1977)
- New York University (University College) (A.B., 1974)
Memberships, Admissions, Publications, Etc.
- Mr. Leeds is a former chair of the New York State Bar Association’s Real Property Section and remains a member of the Executive Committee of that Section. He was also a long-time co-chair of that Section’s Condominiums and Cooperatives Committee (and is currently chair of its Interstate Land Sales Subcommittee), and is currently a member of the Cooperatives and Condominium Committee of the Association of the Bar of the City of New York.
- Mr. Leeds is an adjunct professor at Fordham Law School and writes and lectures frequently on matters of real estate. Mr. Leeds was a co-author of New York Practice Guide: Cooperatives and Condominiums, published by Matthew Bender in 1986. In 1999, he was elected as a Fellow of the American College of Real Estate Lawyers. He has been consistently named in “Best Lawyers in America,” “Best Lawyers in New York” and “Super Lawyers.” Mr. Leeds is admitted to practice in New York State.
- Special counsel to a public REIT in the reformulation of a revived commercial condominium in midtown Manhattan based on a complex structure of sales, leases and options.
- Representation of a leasehold cooperative apartment building after a burdensome rent adjustment in the acquisition of fee title to the property.
- Co-counsel to the real estate arm of an investment bank in a workout of a major residential leasehold condominium in downtown Manhattan, including representation of the offering through sell-out after the original developer was removed from management.
- Special counsel to a public REIT in a co-development with another public real estate company of a major parcel intended to be a residential tower in Manhattan divided between a rental portion and “for-sale” residential condominium units.
- Counsel to New York City condominium associations and cooperative apartment corporations in all aspects of their operation and management, including contracting and corporate governance.
- Representation of cooperative apartment corporations in dealing with disruptive individual owners, including termination and ejectment in a litigated termination based on “objectionable conduct.”
- Counsel to developers who have acquired and are developing residential and mixed-use condominiums in Manhattan and Brooklyn.
- Representation of the owner of the commercial unit (independent of the sponsor) in a large new construction mixed-use property in the division and sale of its commercial space to several purchasers.
- Frequent representation of investors in “unsold shares” and “unsold units,” including analysis, acquisition, offering and disposition.
- Special co-counsel called in by a major law firm to assist with the creation of the condominium structure of a large commercial property on Long Island to be owned and used by hospital and commercial organizations.
- Representation of condominium association after the “turnover” of control to independent unit owners in disputes over construction and mismanagement issues with the original sponsor.
- Counsel to “twin” luxury cooperative apartment corporations established on a “fee above a plane” over a six-story commercial structure.
- Representation of a large real estate company in a leasehold condominium re-structuring of an existing lease to an educational institution, including necessary lease revisions.
- Condominium counsel to the “Master Board” of an iconic landmark hotel-residential development in midtown Manhattan.
- Counsel to a foreign investment group developing a commercial, arts and residential center, including condominiums, in some of the most sought after areas for Brooklyn development.
- Special condominium counsel to a lender funding the acquisition of “unsold” condominium units in a partly-sold condominium project subject to a workout for a failed developer.
- Counsel to a public company establishing sophisticated leasehold condominium structures that will provide dormitory space for a major educational institution in New York.
- Special condominium counsel to a large religious organization’s pension arm in its purchase, lease, sale and refitting of significant space in a mixed-use condominium and in a three-unit commercial condominium.
- Cooperative and condominium counsel to a European pension fund that is funding the redevelopment and conversion of existing luxury residential properties in Manhattan to condominiums.
- Representation of purchasers and sellers of significantly priced cooperative and condominium apartments in conventional and leasehold cooperatives and condominiums.
- Although the foregoing references highlight high-profile transactions for illustrative purposes. Mr. Leeds’ practice regularly involves all aspects of real estate development, ownership and financing, including conventional purchases and sales of real property and the representation of condominium associations and cooperative apartment corporations in their normal affairs.
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