Gina M. Mavica

Partner

New York
T +1 212.589.4672  |  F +1 212.589.4201

"Gina Mavica and Dennis Russo were essential in getting this complex deal not only over the goal line, but doing so efficiently and astutely. We couldn't have been happier with the results."

— Ryan Nelson, Senior Vice President of Development, Sherwood Equities
A commercial real estate attorney for more than 13 years, Gina Mavica works with her clients to provide exceptional advice on a range of transactions. By striving to fully understand her clients' businesses and goals, Gina is known as a trusted advisor who is often considered a valuable member of the in-house team. Through her strong client relationships and commitment to client service, coupled with her extensive understanding of real estate law and the evolving nature of market conditions, she is exceedingly well-equipped to foster creative solutions to complicated transactions and to anticipate clients' needs, often before they even know there may be an issue. As a dealmaker, Gina endeavors to bring all of her clients' transactions to successful completion with a mind toward cost-efficiency and precision.

Select Experience

Finance

  • Represented a commercial bank in connection with numerous warehouse lines of credit ranging in amounts from $9 million to $50 million secured by underlying mortgage loans.
Acquisitions, Dispositions and Development
  • Represented the shareholders of an entire cooperative in the sale of their interests in a building located in the SoHo area of New York City.
Leasing
  • Represented a landlord in connection with the negotiation of a 99-year ground lease for property located in the Meatpacking District of New York City, together with amendments to two existing ground leases among affiliates of the parties for properties adjacent to the new development site.
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Experience

Finance
  • Represented a commercial bank in connection with numerous warehouse lines of credit ranging in amounts from $9 million to $50 million secured by underlying mortgage loans.
  • Represented a commercial bank in a $65 million acquisition and capital improvement loan to finance the acquisition and improvement of 14 multifamily properties in Houston, Texas.
  • Represented a multinational banking and financial services corporation as administrative agent and lender in a syndicated loan transaction to refinance a portfolio of office properties.
  • Represented a commercial bank in a $60 million construction loan to finance the conversion of a historic hotel in Chicago to residential apartments.
  • Advised a large private banking group working with high-net-worth individuals on a $163.5 million facility, which included, among other collateral, a $48.8 million mortgage on a major art dealer's storied Chelsea art gallery at 202 11th Avenue in New York City.
Acquisitions, Dispositions and Development
  • Represented the shareholders of an entire cooperative in the sale of their interests in a building located in the SoHo area of New York City.
  • Represented Sherwood Equities in multiple transactions involving the acquisition of inclusionary housing certificates from affiliates of AvalonBay Communities Inc. and Silverstein Properties with respect to Sherwood's development site located at 452-460 10th Avenue in New York City.
  • Represented Sherwood Equities in the acquisition, sale and development of high-profile sites in the Hudson Yards area of New York City, including:  
    • The $200 million sale of 509 West 34th Street, 447 10th Avenue, 449 10th Avenue and 527 West 34th Street to Tishman Speyer.
    • The $167.3 million sale of 360 10th Avenue to the McCourt Group, headed by former Los Angeles Dodgers owner Frank McCourt.
    • The acquisition of 527 West 34th Street from the city of New York.
  • Represented an affiliate of Toll Brothers City Living in the acquisition of development rights from a site on 1st Avenue between East 52nd Street and East 53rd Street in Manhattan.
  • Represented a developer in connection with the acquisition of a commercial site in San Francisco, California. The client intended to redevelop the property into residential apartments.
  • Represented a developer in connection with the refinancing of two existing residential apartment buildings in Englewood, New Jersey. The loan was provided by State Farm Life Insurance Company and the transaction involved addressing the complex zoning approval history for the project.
  • Represented a developer in connection with the refinancing of an existing $10 million bridge loan on a development site in the Meatpacking District of New York City. The loan was cross-collateralized and cross-defaulted with existing debt of more than $30 million on adjacent properties owned by an affiliate of the borrower.
  • Represented a client in connection with the purchase of a $19 million retail center in Key West, Florida, and $14 million of acquisition financing.
  • Represented a property owner in the sale of a 179-unit affordable housing complex located in East Harlem, New York, which was known for many years as Tricham Houses and was renamed East River Apartments by the buyer.
  • Represented Sherwood Equities in connection with the acquisition of a development site at 508 West 20th Street, New York, near the High Line Park.
  • Represented the U.S. subsidiary of Blinds to Go Inc., a Canadian corporation, in the purchase of property in Paramus, New Jersey. Blinds to Go occupies a portion of the space at the property and this acquisition is part of its plan to expand its operations in the U.S. The acquisition included the assumption of the seller's existing debt.
Leasing
  • Represented a landlord in connection with the negotiation of a 99-year ground lease for property located in the Meatpacking District of New York City, together with amendments to two existing ground leases among affiliates of the parties for properties adjacent to the new development site.
  • Continued representation of a joint venture comprising a developer and Japanese hotel company in the negotiation of a 99-year ground lease for a development site in Brooklyn, New York.
  • Represented a landlord in connection with a lease to The Gap Inc. for retail property located in Key West, Florida.

Recognitions

  • New York Real Estate Journal: "Women in Real Estate" Spotlight (2015 to 2016)
  • New York Metro Super Lawyers "Rising Star" (2014 to 2016)

Memberships

  • American Bar Association
  • New York State Bar Association
  • International Council of Shopping Centers (ICSC)
  • Commercial Real Estate Women of New York (CREW)
  • Mortgage Bankers Association (MBA)

Services

Industries

Prior Positions

  • Herrick, Feinstein LLP
    • Partner (2013 to 2014)
    • Counsel (2012 to 2013)
    • Associate (2003 to 2012)
    • Summer Associate (2001)
  • Law Clerk for the Honorable Henry B. Pitman, United States Magistrate Judge for the Southern District of New York (2002 to 2003)

Admissions

  • New Jersey
  • New York

Education

  • J.D., Brooklyn Law School, 2002; Law Review
  • B.A., Fairfield University, 1999, cum laude