Jay A. Lang has broad-based experience in all facets of real estate practice. He counsels owners, investors, opportunity funds, developers, landlords, tenants, lenders, borrowers, and public and private companies in diverse real estate transactions.

Jay’s vast experience as a real estate generalist over the last thirty years adds a rare dimension to his practice. His experience allows him to serve a wide array of real estate clients with multidimensional needs. Jay values each and every client he represents and strives to afford each client cost-effective, seasoned representation infused with an attention to detail.

Jay’s practice includes acquisitions and dispositions of varied commercial real estate, including office buildings, shopping centers, mixed-use properties, and development sites. He handles varied financing transactions for both lenders and borrowers, including commercial, mezzanine, and construction financing. Jay represents institutional lenders in complex loan originations, and real estate owners and investors in multi-million-dollar financings. He also represents investors in the acquisition of troubled loans and other distressed debt. Jay has substantial experience in commercial leasing, subleasing and ground leasing, and real estate development and brokerage matters. He also has extensive experience in loan workouts, and, in these challenging times, has been actively engaged in representing lenders and borrowers in multimillion-dollar loan restructurings, forbearance agreements and Deeds in Lieu of Foreclosure. He also has considerable experience representing clients in complex real property title matters, including issues related to land under water and riparian rights.

Jay has practiced at some of the premier real estate law firms in New York City. He began his career at Dreyer and Traub and most recently was a partner and counsel at Carb, Luria, Cook and Kufeld LLP.  Jay joined Wilk Auslander as partner in 2006.

  • Secured a premium purchase price for a privately held company in the sale of its Manhattan headquarters, while also securing numerous purchaser concessions, including the seller’s right to remain in the premises for an extended period following closing. This concession afforded the seller adequate time to acquire and renovate its new headquarters, secure IDA tax benefits, structure the transaction as a like-kind, tax-free exchange and relocate to its new location without interfering with the operations of its ongoing business.
  • During the recent credit crunch, successfully represented the owner of one of the top shopping centers in the country, as measured by sales per square foot, in intensive negotiations related to the closing of a multimillion-dollar nonrecourse mortgage refinancing and the securing of extremely favorable mortgage provisions protective of the borrower and its principals.
  • After extensive, independent research of title and historical records dating back 150 years, obtained significant financial savings for a Fortune 500 global food service company by clearing title to a prime waterfront property that was once under water. The work involved successfully challenging a title claim by New York State, which was initially supported by the record and the title company.
  • Represented an investment fund holding a pool of distressed loans, in arduous and time-sensitive negotiations, to quickly resolve contested foreclosure actions, and successfully obtain expedited title to the properties. This provided the investment fund with an opportunity to recoup its investment.
  • Represented the developer for a national drug store chain in its acquisition, development, net leasing, and sale of multiple properties.
  • Through tenacious efforts to track down an unrecorded deed in a prior counsel’s file, successfully represented a developer in the acquisition and development of a commercial property by resolving a title defect to a portion of the property necessary for development of the site.

Overview

Jay A. Lang has broad-based experience in all facets of real estate practice. He counsels owners, investors, opportunity funds, developers, landlords, tenants, lenders, borrowers, and public and private companies in diverse real estate transactions.

Jay’s vast experience as a real estate generalist over the last thirty years adds a rare dimension to his practice. His experience allows him to serve a wide array of real estate clients with multidimensional needs. Jay values each and every client he represents and strives to afford each client cost-effective, seasoned representation infused with an attention to detail.

Jay’s practice includes acquisitions and dispositions of varied commercial real estate, including office buildings, shopping centers, mixed-use properties, and development sites. He handles varied financing transactions for both lenders and borrowers, including commercial, mezzanine, and construction financing. Jay represents institutional lenders in complex loan originations, and real estate owners and investors in multi-million-dollar financings. He also represents investors in the acquisition of troubled loans and other distressed debt. Jay has substantial experience in commercial leasing, subleasing and ground leasing, and real estate development and brokerage matters. He also has extensive experience in loan workouts, and, in these challenging times, has been actively engaged in representing lenders and borrowers in multimillion-dollar loan restructurings, forbearance agreements and Deeds in Lieu of Foreclosure. He also has considerable experience representing clients in complex real property title matters, including issues related to land under water and riparian rights.

Jay has practiced at some of the premier real estate law firms in New York City. He began his career at Dreyer and Traub and most recently was a partner and counsel at Carb, Luria, Cook and Kufeld LLP.  Jay joined Wilk Auslander as partner in 2006.

Representative Matters

  • Secured a premium purchase price for a privately held company in the sale of its Manhattan headquarters, while also securing numerous purchaser concessions, including the seller’s right to remain in the premises for an extended period following closing. This concession afforded the seller adequate time to acquire and renovate its new headquarters, secure IDA tax benefits, structure the transaction as a like-kind, tax-free exchange and relocate to its new location without interfering with the operations of its ongoing business.
  • During the recent credit crunch, successfully represented the owner of one of the top shopping centers in the country, as measured by sales per square foot, in intensive negotiations related to the closing of a multimillion-dollar nonrecourse mortgage refinancing and the securing of extremely favorable mortgage provisions protective of the borrower and its principals.
  • After extensive, independent research of title and historical records dating back 150 years, obtained significant financial savings for a Fortune 500 global food service company by clearing title to a prime waterfront property that was once under water. The work involved successfully challenging a title claim by New York State, which was initially supported by the record and the title company.
  • Represented an investment fund holding a pool of distressed loans, in arduous and time-sensitive negotiations, to quickly resolve contested foreclosure actions, and successfully obtain expedited title to the properties. This provided the investment fund with an opportunity to recoup its investment.
  • Represented the developer for a national drug store chain in its acquisition, development, net leasing, and sale of multiple properties.
  • Through tenacious efforts to track down an unrecorded deed in a prior counsel’s file, successfully represented a developer in the acquisition and development of a commercial property by resolving a title defect to a portion of the property necessary for development of the site.