Allen Popowitz concentrates his practice in the areas of commercial real estate and mortgage lending. He has represented residential and commercial property owners and developers, banks, mezzanine lenders, shopping centers, and condominiums. Allen advises his clients on all aspects of investment real estate and lending, including, but not limited to, sales, purchases, financing, leasing and Internal Revenue Code Section 1031 Tax Deferred Exchanges.
Allen was singled out by Chambers USA as a "deal-maker who can be counted on to make things happen."
- A $72 million acquisition by a client of a portfolio of 13 multi-family apartment complexes containing approximately 5,000 apartment units located across Indiana, Ohio and Pennsylvania;
- A $160 million loan transaction representing the borrower in the refinance of 15 properties located throughout New York, New Jersey, Connecticut and Pennsylvania;
- Led a team of Brach Eichler attorneys, paralegals and support staff in the $1.9 billion sale of a client's entire residential apartment complex portfolio, which included more than 16,700 apartment units in New York, New Jersey, Pennsylvania and Delaware. It was the largest multi-family real estate transaction in New Jersey history;
- Led a team of Brach Eichler attorneys, paralegals and support staff in the $298 million purchase of an office building in downtown Chicago. The deal included closing a $229 million first mortgage loan with an institutional lender and a mezzanine loan from a Wall Street lender. The client was using the property as replacement property in completing a Section 1031 Tax Deferred Exchange;
- Led a team of Brach Eichler attorneys and paralegals in a $260 million loan transaction involving a client's portfolio of 27 properties in New York, New Jersey, Pennsylvania, Delaware and Maryland;
- A $224 million loan transaction involving a client's portfolio of 33 properties in New York, New Jersey, and Pennsylvania;
- A $200 million mezzanine loan transaction on behalf of the borrower which involved a pledge of membership interests in various entities owning property throughout numerous states;
- An $18 million purchase of an office building in downtown Hartford, Connecticut;
- A $69 million acquisition of the ownership interest in an entity owning a ground lessee's interest in a commercial office park property in Palo Alto, California, which included reviewing the underlying ground lease and negotiating modifications with the ground lessor and reviewing and negotiating modifications of subleases with the sublessees.
- "Keeping the Family Business Together," Multi-Housing News, June 30, 2015 (co-author)
- "Was That a Carve-Out Guaranty That I Signed, or a Full Guaranty?," New Jersey Law Journal, March 19, 2012 (co-author)
- "Property and the Law: Protecting Purchasers from a Seller's Tax Liability," published in June 2008 on GlobeSt.com (co-author)
- "Improving Your Exchange: The Use of Build-to-Suit Exchanges Under Section 1031," New Jersey Law Journal, March 26, 2007 (co-author)
ADDITIONAL NOTEWORTHY INFORMATION
Allen was named by New Jersey Super Lawyers as a Rising Star from 2006 to 2009, and has been recognized by his peers on the New Jersey Super Lawyers list since 2010. He is on the Board of Directors of the ALS Association's Greater New York Chapter. Allen was listed again in 2016 in Chambers USA. Chambers notes Allen Popowitz has accumulated a wealth of experience in advising clients on commercial real estate and mortgage lending concerns. He garners high praise from market sources, who say: "He is a very good craftsman" who "focuses on what's important in a transaction so that the client achieves their goals."