Vered Rabia

Rabia is representing the Port Authority of New York and New Jersey in its $13 billion plan to redesign John F. Kennedy International Airport, as well as Empire State Development and the Metropolitan Transportation Authority in renovations to, and the redevelopment of, Penn Station. In addition, Rabia represented Moynihan Station Development Corp. and Empire State Development in connection with the redevelopment of the Farley Post Office building into the Moynihan Train Hall. The approximately $3 billion project created a new train hall for LIRR and Amtrak passengers, increasing floor space in the Pennsylvania Station-Farley Complex by more than 50%. Additionally, the building is home to nearly 700,000 square feet of commercial, retail and dining space. For several years, she has represented Shed NYC in the development of New York’s first arts center of its kind, bridging the High Line and Hudson Yards, featuring a telescoping shell on rails that will allow the structure to expand or contract to accommodate performance, visual arts, events and other works.

Other recent representative transactions include advising investors in connection with multiple workouts on behalf of both borrowers and lenders of single-asset and portfolio-based financings; a $4.2 billion financing of industrial properties; investors in connection with a $992 million financing of a portfolio of industrial properties; investors in connection with the acquisition of $1.3 billion of debt facilities; the Qatar Investment Authority in its acquisition of the St. Regis Hotel in New York, the Park Lane Hotel in New York and a residential development in California; and AIR Communities in its $10 billion acquisition and privatization by Blackstone. Other clients Rabia has advised include Alexandria Real Estate in its ground lease from New York City for the development of the East River Science Park, the first private bioscience project in the city.