Pryor Cashman Represents Cirrus Real Estate Partners In Major Restructuring Of Distressed Assets In Downtown Los Angeles
Pryor Cashman represented Cirrus Real Estate Partners in a 10-month transaction that combined distressed debt-restructuring, complex joint ventures, loan origination, unique cross collateralization and collateral security structures, bankruptcy and creditors rights issues and negotiation of development and management agreements. Pryor Cashman's use of its expertise in these varied disciplines culminated in Cirrus gaining control of the remaining high-profile development sites of the Pacific Park project encompassing more than two City blocks adjacent to the [...]