Kearns and Kindler Lead 45 Broad Acquisition

The Real Deal and GlobeSt.com reported that a joint venture between Madison Equities and Pizzarotti Group, a multi-national construction company based in Italy, recently purchased the development parcel at 45 Broad Street in the Financial District in a deal valued at approximately $86 million. The joint venture plans on developing a 65-story condominium tower slated for completion by 2019. Thomas Kearns led the team of Olshan attorneys which included Hyman Kindler from Real Estate; Jason Saltsberg and Honghui Yu from Corporate/Securities Law; and Adam Friedman from Bankruptcy and Financial Restructuring.