Steven Elbaum, a member of the firm's Real Estate + Development Practice Group, concentrates his practice on commercial real estate law. Mr. Elbaum represents corporations, developers, municipalities, and international lending institutions in real estate transactions, financing, leasing, and development.
Real Estate – Financing and Transactions
Mr. Elbaum has 25 years of experience handling acquisitions and sales of real property and related real estate financing. He assists clients with structuring, negotiating, drafting, and closing real estate acquisitions, dispositions, and loans. He also counsels public and private clients and municipalities in economic development incentive transactions.
Mr. Elbaum has assisted clients with several large-scale property transfers, such as helping a large utility acquire a 520-acre nuclear power plant for $1.3 billion. He has handled complex financings, including representing clients in connection with a $200 million revolving and term-loan facility to fund a “going private” transaction.
Mr. Elbaum handles office and industrial build-to-suit leases throughout the country. He has represented several companies in the development and leasing of their corporate offices, including priceline.com’s global headquarters, and Unilever’s North America headquarters.
Mr. Elbaum advises clients, including developers and municipalities, in connection with mixed use, retail, and commercial developments. He represents several municipalities in urban redevelopment projects, including the acquisition and redevelopment of a multi-parcel brownfield area that was converted into a 10,000-seat indoor arena and a professional baseball stadium, revitalizing that city's urban core. He also served on a task force that implemented one of the U.S. Environmental Protection Agency's first brownfield programs.
Mr. Elbaum served as a law clerk to Chief Justice Thomas F. Fay of the Supreme Court of Rhode Island and is a former lobbyist registered with the State of Connecticut.