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Steve Lutt advises domestic and international clients with respect to various real estate and corporate transactions.
Steve represents owners, developers and private equity investors in a wide range of domestic and international joint venture, partnership, financing and distressed debt real estate transactions, as well as the acquisition, disposition, development, leasing and management of real estate in many classes, including hospitality, office, industrial, residential and mixed use properties. Additionally, Steve represents various clients in the hospitality sector in connection with joint ventures, acquisitions, dispositions, public, private and government sponsored financings, including acquisition and construction financings, resort, golf club and condo-hotel developments, and management agreements. He also represents private equity investors and other clients in a variety of domestic and international mergers, acquisitions, divestitures, joint ventures and restructurings. Frequently acting in a capacity equivalent to an in-house general counsel, Steve also counsels clients on day-to-day contractual and organizational matters.
On both domestic and cross-border transactions, Steve works in close cooperation with White & Case lawyers in areas such as tax, ERISA, bankruptcy, intellectual property, securities and litigation, as well as with lawyers throughout our worldwide network.
Steve represented Qingdao Haier, a company that is 41% owned by the leading Chinese home appliance manufacturer Haier Group Corp., in its US$5.4 billion acquisition of GE's appliance business, through an auction process.
Steve represented HGA Real Estate US Invest LLC on its sale of five multi-family properties located in the Houston area. In connection with the sales transaction, we also represented HGA in partial defeasance of the mortgage loan secured by the properties that were sold.
Steve represented UNIZO Holdings Company, Limited (formerly Jowa Holdings Company, Limited) in connection with its acquisition of three office towers located in New York City with an aggregate purchase price of nearly $400 million. The transactions also involved the negotiation of third party leasing and management agreements as well as a joint venture agreement.
Steve represented an international private equity fund based in Hong Kong, with its investment in a joint venture constructing an office tower in New York City. The representation included matters related to equity financing of construction costs and extensions of acquisition and development loan in anticipation of construction financing. Steve also advised this fund with respect to various other real estate investments it has in New York City.
Steve represented Pegasus Capital Advisors, a US-based private equity fund manager, in connection with its acquisition of all of the resort and spa management contracts and related intellectual property rights relating to Six Senses and Evason-branded resort and spa properties throughout Asia, the Middle East, the Americas and Europe. The transaction was named "Merger & Acquisition Deal of the Year 2012" by HICAP (Hotel Investment Conference: Asia Pacific).
Steve represented GID Investment Advisers, a US private equity firm, in connection with two real estate development joint venture investments in Brazil, the first an investment in the ongoing development of three for-sale residential housing projects, two of which are located in Sao Paulo and one of which is located in Aguas Claras; and second, establishing a 50/50 joint venture partnership, with the same developer, designed to asset manage the residential housing development of projects sourced in Brazil.
Steve advised an international hotel and resort owner and operator in connection with the negotiation of hotel management agreements and technical services agreements, parent guarantees and financings for properties in New York City and in Miami, including a new 500+ room full-service hotel and a 120+ room hotel property in Miami.