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Macculloch M. Irving

Macculloch M. Irving

Partner
Chair, Real Estate Department; Chair, Commercial Lending Practice Group; Member, Associate Development Committee, Corporate Opinions Committee

Wall Street Office
2 Wall Street
New York, NY 10005
irving@clm.com
phone: 212-238-8714
fax: 212-732-3232 download v-card

Practice Areas

Tax Exempt Organizations Real Estate, Commercial Lending, Real Estate

Practice Description

Real estate and commercial lending practice, including office leasing, sales and purchases of commercial real estate, ground leases, corporate consolidations and relocations of office space, city and state incentive programs, real estate aspects of corporate mergers and acquisitions, secured bank loans and credit facilities, revolving lines of credit, mezzanine loans, structured finance transactions, commercial mortgage loans.

Education

  •  B.A., 1977 Yale University (cum laude)
  •  J.D., 1984 Brooklyn Law School

Admissions

  •  1985 New York

Affiliations

  • The Association of the Bar of the City of New York (Member, Committee on Real Property Law, 1999-2002; Member, Committee on Cooperative and Condominium Law, 1993-1996)
  • New York State Bar Association
  • American Bar Association (Member, Real Estate Financing Committee)

Publications Available on this website...

"New York State and City Extend Sales Tax to Energy Sales by Exempt Organizations," Client Adviosry, June 13, 2008; "Real Estate Transfer Taxes: Tax Rates Generally Applicable to New York City Real Estate Transactions," Client Advisory, June 1, 2005; "New York City Rules Regarding Liability for Injuries Incurred on City Sidewalks," Client Advisory, September 26, 2003; "September 11 Recovery Resources," Client Advisory, July 2002

Additional Publications

"Real Estate Aspects of Corporate Acquisitions," The Real Estate Finance Journal, Spring 1999; "Laws Governing Disputes Over Co-Op Sales," Client Advisory, April 27, 1998; "Mortgage Prohibitions on Prepayment of Rent," Client Advisory, April 3, 1998 (co-authored); "Tax Incentives Strive to Keep Companies in City," New York Law Journal, April 14, 1997; "Sale Leasebacks: Alternative Source of Financing," Real Estate Weekly, February 22, 1995.

Illustrative Matters

Client Description
Tax Exempt Property Owner Sales of New York City commercial office properties (1996 to present); $25 million mortgage loan (2002); long term ground leases; joint ventures (1999 to present).
U.S. - U.K. Money Market Broker     Lease of 135,000 square feet and associated build-out (2001-2002); lease of more than 60,000 square feet and simultaneous disposition of two existing leases; negotiation of city benefits in excess of $16,000 per employee.
International Hospitality Company Loan secured by leading 5 star hotel property (2002); loan secured by leading NYC restaurant property (2002).
Real Estate Lender Mezzanine loans (2002 to present).