Sperduto Thompson has represented three major developers, including one of the Washington area's most active real estate concerns and one of New York City's most renowned developers. Like our financial services clients, our real estate clients look to us for a combination of skills: the intellectual ability to understand the economic pressure points of a transaction and the litigation skill and judgment to exploit that understanding to maximize client outcomes.
Mr. Sperduto has been involved with complex real estate litigation throughout his legal career. The firm handles multiple matters on behalf of LCOR, Incorporated, one of the nation's most active and dynamic developers. In the Washington metropolitan area, Mr. Sperduto has participated in real estate litigation involving the Jonathan Woodner Co. as well as the Artery Organization's workout and restructuring. In a separate action, Mr. Sperduto obtained a temporary restraining order on behalf of Citicorp Real Estate, Inc. against a subordinated creditor's imminent foreclosure of a debtor's $65,000,000 interest in L'Enfant Plaza property. Other key cases include the Times Square Redevelopment Project, in which Mr. Sperduto was a member of the team that successfully represented the New York State Urban Development Corporation in eight proceedings challenging the Project on grounds as diverse as environmental, First Amendment, Clayton Act, eminent domain, and political corruption. He represented American Express and its then-subsidiary Shearson Lehman Brothers in repudiating challenges to construction of Shearson's New York City Information Services Center and 39-story office building.
Mr. Sperduto has authored an article on the duty of due care faced by real estate developers.