Richard Salomon

Attorney

: New York
277 Park Avenue
New York, New York 10172
P: (212) 883-4952
TF: (888) 864-3013
F: (866) 229-5684

Richard Salomon

Richard practices principally in the Real Estate Practice Group, with an emphasis on distressed and contested situations. He has counseled developers and investors in real estate finance, acquisition, development, and joint ventures.

Rick has worked substantially in the area of leasing for office tower and shopping center owners, anchor tenants, and national retailers. Additionally, he advises independent directors of REITs and other public companies who face conflicts of interest with management. Rick also handles general corporate work, concentrating on companies led by their principal owners.

Rick is a member of the board of directors of Tweedy Browne Fund, Inc., a mutual fund company, and has served on other public and nonprofit boards.

Experience

Represented a financial institution in the purchase of an office building in lower Manhattan.

Represented Government of the Republic of Senegal, in the acquisition of the site for the Senegal Mission to UN and Consulate.

Closed the $253 million sale of a Manhattan office building. The 389,000 sq. ft. building, known as the HarperCollins Building, was sold by an Italian pension fund to SL Green, the REIT that is the largest owner of New York office building.

Represented Hallets Point, a $1 billion, 2,500 residential-unit complex on the waterfront in approval for construction from the New York City Council.

Won a motion for summary judgment in the United States District Court for the Eastern District of New York on behalf of our client, the Republic of Senegal. The plaintiff was a broker, who claimed a commission for the $24.5 million purchase of the site of the future embassy and mission on East 44th Street near the United Nations.

Represented Founder Capital Markets USA Inc. in their multi-year distribution agreement for USA baby formula into China.

Represented New Millennium Estates Ltd., in the sale of 10 East 53rd Street in New York City for Italian Pension Fund.

Represented Government of the Republic of Senegal, in the acquisition of the site for the Senegal Mission to UN and Consulate.

Represented IRSA International, Inc. in the Argentina/US Domino Sugar Development Site; however, the transaction did not close.

Represented Mark Knopfler, in the lease of investment property at 36 Bank Street in New York City for a U.K. Investor.

Represented ARK Partners LLC, in the Belgium and Germany/U.S. purchase of a horse in Europe for delivery in the U.S.

Represented Shenbeauty, LLC., in the UK Investment in U.S. Retail Formation of Company and Lease.

Represented Xin Zhang (Soho China), in the China/U.S. purchase of New York home for Chinese Developer.

Closed the $253 million sale of a Manhattan office building. The 389,000 sq. ft. building, known as the HarperCollins Building, 10 East 53rd Street, was sold by an Italian pension fund to SL Green, the REIT that is the largest owner of New York office buildings.

Represented Hallets Point, a $1 billion, 2,500 residential unit complex on the waterfront in approval for construction from the New York City Council.

Represented a financial institution in the purchase of an office building in lower Manhattan, NY.

Represented publicly traded REIT in connection with commercial property portfolio transactions.

Publications

‘Where was the board?’ Where was I? [Directors & Boards]

May 15, 2009

‘Where was the board?’ Where was I? - Directors & Boards - Former directors of Bear Stearns Companies Inc. won a rare early litigation victory in December,
a summary judgment motion exonerating them from liability for their hasty decision to sell Bear
Stearns to JP Morgan Chase in March 2008. Before they got to trial, class action plaintiffs were defeated in their claims that the directors violated their fiduciary duty, despite expert testimony that there were better options than a fire sale price of $10 per share

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