Richard L. Chadakoff retired from the partnership in September 2011. Richard chaired the New York office's real estate practice group. He had broad-based experience in the business and legal aspects of real estate development, investment, financing and related transactions. He had been the primary northeastern outside real estate financing counsel for General Electric Capital Corporation for the past 25 years.
As counsel to major national institutional lenders, as well as other lenders and developers, Richard had vast experience in single and multiple property real estate financings, including structured and securitized financings, and loan participations and syndications. He also had significant experience in sale-leaseback and other “off-balance sheet” financing structures, including both conventional financings and publicly-assisted financings. In addition, Richard had considerable experience in the representation of lenders and borrowers in connection with troubled loans, involving structuring, negotiating and implementing workouts, including foreclosure litigations and bankruptcy proceedings (both adversarial and “prepackaged”).
Richard worked closely with investment bankers, funds and major owners of real property in structuring and implementing major real estate acquisitions and dispositions. He represented developers in countless landmark and “trophy” real estate developments throughout the United States. In addition to his financing background, Richard had extensive experience in joint venture, partnership and limited liability company formation and representation. He had negotiated the terms of the agreements for such entities on behalf of both the developer or manager side and the investor or institutional side.
Richard lectured at law schools and before real estate industry groups. At the time of his retirement, he was a member of the Board of Advisors of Chicago-Ticor Title Guarantee Company. He had been selected by numerous publications as a leading real estate attorney, both locally and nationally.