Steven L. Elbaum

Partner

  • Overview

    Biography

    Steve Elbaum is a member of Robinson+Cole's Metro New York Real Estate Group, where he concentrates his practice on commercial real estate law. Mr. Elbaum represents corporations, developers, municipalities, and international lending institutions in acquisitions and sales of real property, development of mixed-use projects and corporate headquarter campuses, mortgage loan transactions, and office and industrial leases throughout the country. He also counsels public and private clients and municipalities in economic development incentive transactions.

    Mr. Elbaum currently represents several Fortune 500 companies in all aspects of their office leasing on a national basis. He has represented several companies in the development and leasing of their corporate headquarters. He represents several municipalities in urban redevelopment projects, including the acquisition and redevelopment of a multiparcel brownfield area that was converted into a 10,000-seat indoor arena and a professional baseball stadium, revitalizing that city's urban core. He also served on a task force that implemented one of the EPA's first brownfield programs.

    Mr. Elbaum has been listed in The Best Lawyers in America® in the area of Real Estate Law since 2007 (Copyright 2016 by Woodward/White, Inc., Aiken, SC). He has been included in Super Lawyers® as a New England Super Lawyer and a Connecticut Super Lawyer in the area of Real Estate Law since 2008 (Super Lawyers is a registered trademark of Key Professional Media, Inc.).

    Mr. Elbaum served as a law clerk to Chief Justice Thomas F. Fay of the Supreme Court of Rhode Island and is a former lobbyist registered with the State of Connecticut. 

  • Experience
    • Experience

      Experience

      • Represents a global Fortune 100 company in the development of a U.S. corporate campus, including the sale-leaseback of a headquarters, the development of an office tower, the construction of a research and development facility, and the negotiation of state and municipal assistance agreements.
      • Representation of the City of Norwalk's designated urban redeveloper, POKO Partners, in all aspects of the redevelopment project that will include 371 housing units, of which 20 to 30 percent more than required by the city's affordable housing ordinance could be set aside at below market rates. The project proposes 876 parking spaces and more than 61,000 square feet of commercial space. Work performed includes negotiation of a land disposition agreement and ancillary agreements, acquisition of redevelopment parcels, and negotiation with various city agencies.
      • Represents a municipality in the joint development of a 500,000-square-foot, mixed-use facility, partially financed through creation of a special services district.
      • Represented administrative agent and syndicate of lenders in connection with $200 million revolving and term-loan facility to fund a "going private" transaction, a dissenting shareholder reserve and working capital needs, secured by real property located throughout the United States and a blanket lien on all other assets.
      • Regulatory counsel for FirstLight Power Resources, whose Waterbury Generation Project consists of an approximately 96-megawatt (MW) generator to be built on a brownfield site on Washington Avenue in the City of Waterbury. This generator is a state-of-the-art combustion turbine manufactured by the General Electric Company that will, during periods of high electric loads, primarily burn natural gas, with ultra low sulfur distillate (similar to kerosene) used as backup fuel.
      • Robinson & Cole represented Unilever United States, Inc., in all respects in connection with the development of its campus in Trumbull, Connecticut and in the sale/leaseback of its U.S. corporate headquarters in Greenwich, Connecticut. The transactions involved amounted to more than $200 million.
      • Construction contracting advice to Unilever in connection with build-to-suit office building in Trumbull, Connecticut and in connection with two 750,000 square foot distribution centers in Jacksonville, Florida and Dallas, Texas.
      • Representation of Priceline.com, an international Internet travel service, to structure and negotiate a 10-year lease extension and amendment agreement regarding 70,000 square feet of office space for its headquarters in Fairfield County, Connecticut.
      • Representation of a client involved in managing the global supply chain of agricultural, industrial, and energy products for a headquarters lease in Stamford, Connecticut, with additional lease transactions for client in Houston, Texas; Englewood, Colorado; and Calgary, Alberta, in Canada.
      • Representation of a real estate investment fund that specializes in acquiring mid and small cap real estate investment properties throughout the United States. Property types have included office, hotel, multi-family, and most recently, health care-related office buildings. In one of its funds, we represented the client in closing on seven office properties. Sellers have included international and national REITs. Each office transaction is structured to be Sharia law compliant.
      • Representation of HB Nitkin Group in its development of a portion of the Adriaen's Landing Project in Hartford, Connecticut. The developer is constructing a mixed-use development with restaurant and entertainment venues and retail establishments. The project is being developed with the Capital City Economic Development Authority (CCEDA) in conjunction with State of Connecticut Office of Policy and Management. The financing of the project was undertaken with $13 million in State of Connecticut bond funds administered through CCEDA and the Department of Economic and Community Development (DECD), a $5 million federal Housing and Urban Development Section 108 loan, a $2 million Brownfields Economic Development Initiative Grant, up to a $6 million Urban Action Grant from DECD, and a City of Hartford property tax pilot agreement.
      • Transactional

      • Representation of a public-private partnership with the State of Connecticut to redevelop, operate, and maintain Connecticut’s 23 highway service plazas. The 35-year agreement was the result of extended negotiations with the state Department of Transportation. The service plaza overhauls will also include "green" initiatives to bring the facilities up to Leadership in Energy and Environmental Design standards, improve water runoff patterns, and install idle-reduction technology for use by trucks on the Connecticut Turnpike, also known as Interstate 95. Including projected revenues, initial construction, and reinvestments, the benefit to the State of Connecticut is estimated to be almost $500 million over the term of the agreement.

      • Other Experiences

      • Representation of Design Within Reach furniture retailer in its headquarters and showroom relocation and government incentives.
      • Representation of Miss Matched, Inc., a children's clothing retailer, on a national basis for its retail tenant leases and license agreements under the trade name LittleMissMatched. Handled high-profile locations, including Union Station in Washington DC, Water Tower Place in Chicago, Grand Central Station, Disney World, and Disney Land and mall roll out. Also, negotiation of five Simon mall leases.
      • Representation as national lease counsel for Vineyard Vines retail stores, including stand-alone stores, malls, and construction contracts.
      • Representation of Vincent Camuto, a women's designer and shoe retailer, in its retail rollout on a national basis.
      • Representation of Westport Housing Authority in a construction and rehabilitation project for a 78-unit, qualified low- and moderate-income, multifamily rental housing development. The project was financed by a $7 million mortgage loan from the Connecticut Housing Finance Authority, $14 million in funding through Section 1602 of the American Recovery and Reinvestment Act of 2009, a Tax Credit Exchange Program loan, and $3 million in funding from the Department of Economic and Community Development HOME loan funds. Several units received supportive housing rent subsidies through the PILOT Supportive Housing Program.
      • Representation of an elevator manufacturer in relocation and expansion of its manufacturing facility to Bridgeport, Connecticut. Robinson & Cole's team of lawyers from its Real Estate, Environmental, Tax, and Corporate Practice Groups helped the client obtain a loan from the Connecticut Department of Economic and Community Development (DECD) to buy the property. The firm also helped the client apply for an urban sites grant from the DECD and the Connecticut Department of Energy and Environmental Protection to remediate historic contamination on the property that was limiting its redevelopment. Robinson & Cole also assisted with a reverse 1031 sale of the client's former facility in Port Chester, New York, and a purchase of a facility in Kansas before acquiring the Bridgeport site.
      • Real Estate Finance

      • Representation of the Capital Region Development Authority (CRDA) in the documentation, negotiation, due diligence and closing of consecutive construction-to-permanent loans.
      • Other Experiences

      • Represents several Fortune 500 companies in their national office and industrial leasing.
      • Represented a large utility in connection with the acquisition of a 520-acre nuclear power plant for $1.3 billion.
      • Represented a major international spirits and brewing company on the relocation of its headquarters and office leases in all regions of the United States.
      • Represented a well-known Internet travel business in the lease of its 140,000 square-foot headquarters and 50,000 square-foot data center.
      • back to top
    • Professional Associations

      Professional Associations

      Real Estate Finance Association
      Past President

      CoreNet Global

      American Bar Association

      National Association of Industrial and Office Properties
    • Honors + Awards

      Honors + Awards

      Connecticut Bar Foundation, James W. Cooper Fellow, 2013

      Robinson+Cole Community Service Award Recipient, 2013

      AV® Preeminent™ Peer Review Rated in Martindale-Hubbell™ in the areas of Real Estate, Finance, and Commercial Leasing (Martindale-Hubbell Peer Review Ratings is a trademark. AV Preeminent is a certification mark of Reed Elsevier Properties, Inc.)

      Ranked in Chambers USA: America's Leading Lawyers for Business in the state of Connecticut in the area of Real Estate since 2010

      Listed in Connecticut Super Lawyers® in the area of Real Estate Law since 2007 (Super Lawyers is a registered trademark of Key Professional Media, Inc.)

      Listed in The Best Lawyers in America® in the area of Real Estate Law since 2007 (Copyright 2016 by Woodward/White, Inc., Aiken, SC)

    • Community Involvement

      Community Involvement

      Boys and Girls Club of Stamford
      Past President of Board of Directors
  • NEWS + PRESS
    • Publications

      Publications

      "Leasing, Government Incentives, and Development" presented at American Corporate Counsel Association, Real Estate Finance Association, and Connecticut Bar Association

      "Assignment, Subletting, and Termination," published in Connecticut Law Tribune

      Quoted in Inc. magazine in an article on buying versus leasing commercial property.

    • Presentations

      Presentations

      "Implications of Cherryland: The New Non-Recourse," Panelist, sponsored by the Connecticut and Suburban New York NAIOP Chapter (3/22/2012)

      "Negotiating Select Topics in Commercial Office Leasing in Connecticut," at Lorman Educational Services

      "Current Economics of Lease Buyouts, Sublets, and Assignments," at annual meeting of the American Bar Association

    • News

      R+C in the News

      • April 4, 2016

        Steve Elbaum Presents Guardian of the Community Award at "City Chic" Fundraiser

        • » more info
      • November 17, 2015

        Steve Elbaum Chairs 2015 Champions of Youth Sports Breakfast

        • » more info
      • April 3, 2015

        Stamford Lawyers Represent Award-Winning Client

        • » more info
      • March 18, 2015

        The Boys & Girls Club of Stamford Honors Steve Elbaum and Robinson+Cole at City Chic Fundraiser

        • » more info
      • November 26, 2014

        Steve Elbaum Chairs Champions of Youth Sports Breakfast

        • » more info
      • April 22, 2014

        Steve Elbaum Nominates Leading Lawyers for Westfair's Women of Accomplishment Event

        • » more info
      • January 17, 2014

        Steve Elbaum Testifies Before Connecticut General Assembly

        • » more info
      • June 5, 2013

        Stamford Office Participates in the RFR 5K Run/Walk

        • » more info
      • May 31, 2013

        Robinson+Cole Supports Stamford's Mill River Park & Greenway

        • » more info
      • December 11, 2012

        Boys & Girls Club of Stamford Breakfast Event Raises Funds for Annual Campaign

        • » more info
      • September 6, 2012

        Steve Elbaum’s Delegate Diary from Charlotte

        • » more info
      • April 9, 2012

        Real Estate Partner on Panel to Discuss Wells Fargo V. Cherryland Mall Case

        • » more info
      • May 26, 2011

        WTNH Interviews Steven Elbaum about Connecticut Budget

      • May 3, 2011

        Blue Sky’s Rio Screened at Connecticut Science Center

        • » more info
      • August 19, 2010

        MHA of Southwestern Connecticut Celebrates First Development Under Neighborhood Stabilization Program

        • » more info
      • July 22, 2010

        Local Boys & Girls Run off to Join the Circus
        (Well, just for a day)

        • » more info
      • March 16, 2010

        Robinson & Cole Attorneys Participate on Panel Discussion About Demystifying Lease Provisions

        • » more info
      • January 12, 2010

        Robinson & Cole Attorney Elected President of the Board of Directors of the Boys & Girls Club of Stamford

        • » more info

      R+C News Releases

      • October 18, 2016

        Robinson+Cole Lawyers Recognized by Super Lawyers®

        • » more info
        • View article
      • August 15, 2016

        Robinson+Cole Receives Top Listing in Connecticut Lawyer Count in The Best Lawyers in America® 2017

        • » more info
        • View article
      • May 27, 2016

        Chambers USA Recognizes Robinson+Cole Lawyers and Practice Groups

        • » more info
        • View article
      • October 19, 2015

        Robinson+Cole Lawyers Recognized by Super Lawyers®

        • » more info
        • View article
      • August 18, 2015

        Robinson+Cole Receives Top Listing in Connecticut Lawyer Count in The Best Lawyers in America® 2016

        • » more info
        • View article
      • May 19, 2015

        Robinson+Cole Earns Six Practice Area Rankings in Chambers USA 2015

        • » more info
        • View article
      • October 17, 2014

        Robinson+Cole Lawyers Recognized by Super Lawyers

        • » more info
        • View article
      • August 19, 2014

        Robinson+Cole Receives Top Listing in Connecticut Lawyer Count in Best Lawyers National Peer Review Survey

        • » more info
        • View article
      • May 29, 2014

        Robinson+Cole Earns Rankings in Chambers USA 2014 in all Connecticut Practice Areas

        • » more info
        • View article
      • August 22, 2013

        Robinson & Cole Announces Annual Pro Bono, Mentor, and Community Service Awards

        • » more info
        • View article
      • August 16, 2013

        Robinson & Cole Receives Top Listing in Connecticut Attorney Count in Best Lawyers National Peer Review Survey

        • » more info
        • View article
      • June 21, 2013

        Local Organizations Recognize Robinson & Cole’s Pro Bono Service

        • » more info
        • View article
      • June 10, 2013

        Chambers USA Ranks Robinson & Cole in Five Practices, Names 17 Attorneys as Leading Lawyers

      • March 1, 2013

        Robinson & Cole Lawyers Selected as James W. Cooper Fellows of the Connecticut Bar Foundation

      • October 22, 2012

        Super Lawyers® Names 49 Robinson & Cole Attorneys to 2012 List and Recognizes 26 as Rising Stars

        • » more info
        • View article
      • August 28, 2012

        Robinson & Cole Receives Top Listing in Connecticut Attorney Count in Best Lawyers National Peer Review Survey

        • » more info
        • View article
      • June 7, 2012

        Chambers USA Ranks Robinson & Cole in Five Practices, Names 16 Attorneys as Leading Lawyers

        • » more info
        • View article
      • January 3, 2012

        Robinson & Cole Announces Mentor of the Year Award Recipients

        • » more info
        • View article
      • June 17, 2011

        Chambers USA Ranks Robinson & Cole in Six Practices, Names 12 Attorneys as Leading Lawyers

      • March 18, 2011

        Steven Elbaum Elected to Robinson & Cole’s Managing Committee

        • » more info
        • View article