Michael J. Rishty
  1. Partner

Mr. Rishty is a partner in Davis Polk’s Corporate Department, practicing in the Real Estate Group. He concentrates in commercial real estate with wide-ranging experience in many aspects of real estate law, including acquisitions, dispositions and development, joint ventures, financing on behalf of borrowers and lenders, debt restructuring and workouts, and leasing.

Work Highlights

  • A joint venture between affiliates of Square Mile Capital and Hackman Capital Partners LLC on the acquisition of the property commonly referred to as “Silvercup Studios” for $560 million, together with $323 million acquisition financing
  • Square Mile Capital and USAA Real Estate Company on their joint venture with an affiliate of Hackman Capital Partners for the:
    • $750 million acquisition of the property commonly referred to as “CBS Television City” from CBS Broadcasting
    • $375 million acquisition of MBS Media Campus from affiliates of The Carlyle Group
    • acquisition of a 49% interest in each of The Culver Studios and Culver Steps in Culver City, CA 
  • El-Ad Group and Star Real Estate Venture, a joint venture between affiliates of El-Ad Group and Yellowstone Portfolio LLC, in connection with the sale of all Star’s assets, consisting of 48 multifamily properties located in 11 states and comprising 14,414 apartments, for $1.75 billion
  • Affiliates of Sculptor Real Estate on the $190 million purchase from and leaseback to subsidiaries of ClubCorp Holdings, Inc. of the fee interest of 20 golf clubs
  • Related Companies and Oxford Properties Group in their $1.5 billion construction financing for the development of the one million square foot destination retail project, The Shops & Restaurants at Hudson Yards
  • A joint venture led by an affiliate of Extell Development Company on the negotiation of a lease with an affiliate of Hard Rock Cafe International (USA), Inc., for construction of a “Hard Rock” branded hotel in Times Square and related $225 million construction loan financing
  • A joint venture between Related Companies and affiliates of Spitzer Enterprises to develop a mixed-use project with over 1.4 million zoning square feet to be comprised of residential, office and retail components and a community facility near the Hudson Yards development
  • Naftali Group on its joint venture with Rockefeller Group and its joint venture on the acquisition of six properties and adjoining air rights from Muss Development and the Aryeh family for a purchase price of $167.9 million, which will be developed into a mixed use commercial and luxury residential condominium project at 204 East 83rd Street in New York City
  • El Ad Group on its $451 million inventory loan for a luxury residential condominium at 108 Leonard Street in the New York City neighborhood of Tribeca
  • A joint venture between El Ad and Silverstein to sell commercial condominium units at One West End to Touro College; and an approximately $378 million loan to fund completion of construction and marketing of unsold residential condominiums at One West End
  • Related Companies, L.P. through its joint venture with LargaVista Companies on an $88 million construction loan and an additional preferred equity investment, and ground lease modification in connection with the development of a boutique, seven-story retail and office building located at 298-308 Lafayette Street

 

Recognition

  • Chambers USA – New York: Real Estate, 2017-2020
  • Super Lawyers magazine, New York Super Lawyers – 2015-2020; “Rising Star,” 2011-2012 and 2014

Of Note

ARTICLES

3 Areas Of Real Estate To Watch In 2021,” Law360, January 3, 2021

Professional History

  • Partner, Davis Polk, 2015-present
  • Chair, New York Real Estate Practice, Greenberg Traurig, 2014-2015
  • Shareholder, Greenberg Traurig, 2009-2015
  • Associate, Solomon & Weinberg/Greenberg Traurig, 2006-2008
  • Associate, Simpson Thacher & Bartlett, 2001-2006

Practice Focus

Bar Admissions

  • State of New York

Education

  • A.B., Economics, Princeton University, 1998
    • cum laude
  • J.D., Harvard Law School, 2001
    • cum laude