Mark Lipschutz is of counsel in the Real Estate practice in the Firm's Business department and also Co-Chair of the Latin America Real Estate Group. Mr. Lipschutz joined Kronish Lieb in 1985, which was merged into Cooley Godward Kronish in 2006. At the time of the merger, Mr. Lipschutz was Chair of the Real Estate Group and a former member of the Firm's Executive Committee. He is resident in the New York office.
Mr. Lipschutz is also a founding partner and the Chief Executive Officer of the Caribbean Property Group, a New York based investment group which owns and operates hotels, office buildings, warehouses, and shopping centers in Puerto Rico. The Caribbean Property Group is also the general partner of the Caribbean Opportunity Fund, a $500 million equity fund sponsored by Goldman Sachs, which focuses on real estate investments in selected areas within the Caribbean and Central America.
Mr. Lipschutz has a large and diverse practice representing financial institutions and Fortune 500 companies, as well as real estate developers and entrepreneurs. Mr. Lipschutz's practice concentrates in the areas of acquisitions, dispositions, financings, commercial leasing and joint ventures. In the last few years, Mr. Lipschutz has represented parties involved in a number of high profile real estate transactions in New York City and Puerto Rico, including transactions involving the MetLife building, One Madison Avenue, the Warner Brothers Building, and the portfolio sale of 5.5 million square feet of shopping centers in Puerto Rico.
Recent transactions handled by Mr. Lipschutz include the representation of:
CPG in a $1.15 billion sale of 15 shopping centers/malls, comprising approximately five million square feet of retail space located throughout Puerto Rico, to Developers Diversified Realty Corporation, a NYSE REIT.
A joint venture between CPG and Whitehall in the acquisition and financing of the San Juan Ritz Carlton, a 416-room hotel, spa and casino, and the Radisson Ambassador, a 233-room hotel and casino, located in San Juan, Puerto Rico.
A joint venture between CPG and Whitehall in the acquisition, financing and leasing of a two million square foot warehouse portfolio comprised of five warehouse parks in the greater San Juan area.
Deutsche Bank in connection with the origination of over $165 million in complex acquisition and predevelopment financing relating to the planned development of an open-air lifestyle shopping complex and a large scale condominium development, both in Las Vegas, Nevada.
MetLife in connection with a $300M highly-structured fixed rate financing to a Maryland REIT and its affiliates, secured by security interests in 19 office/warehouse sites located throughout seven states.
MetLife in the restructuring of its l.5 million square foot lease at One Madison Avenue, in connection with the sale of One Madison Avenue to a joint venture between SL Green and Credit Suisse First Boston. (The negotiation of original lease, which was one of the largest leasing transactions in New York City history, was also handled by Mr. Lipschutz.)
Mr. Lipschutz has lectured on leasing at the University of Pennsylvania Law School and is a member of the Executive Steering Committee for the School's Legacy Capitol Campaign.
Mr. Lipschutz has been recognized as one of the leading real estate lawyers in the United States by the peer review and legal directory, The Best Lawyers in America each year since 2009.
Mr. Lipschutz received a J.D., cum laude, from the University of Pennsylvania Law School in 1985, and a B.S., with distinction, in Hotel Administration from Cornell University in 1981.
Mr. Lipschutz is a member of the American Bar Association, the New York State Bar Association and The Association of the Bar of the City of New York, where he previously served as secretary on the Committee of Cooperatives and Condominiums.
- University of Pennsylvania Law School
JD, 1985, cum laude
- Cornell University
BS, 1981, with distinction
- American Bar Association
- New York State Bar Association
- The Association of the Bar of the City of New York