David Portal
Real Estate Law
Real Estate Law
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David Portal focuses his practice on all aspects of commercial real estate. Much of his work involves assisting his clients with strategies and approaches to purchase, sale, leasing, financing, and ownership structures.My focusReal EstateI help my clients (which include landlords,tenants, developers, nursing homeowners and operators, banks, hotel owners, hospitals, universities, and nonprofit organizations) with the acquisition and sale of commercial office and mixed-use buildings and hotels, the leasing (ground and master) of properties, multilevel financings, and negotiation of limited liability operating agreements and joint ventures. I also work heavily in commercial office and retail leasing, representing both landlords and tenants, as well as in airport leasing.I strategize with clients on how to seize new or evolving opportunities through federal and state agencies, among other resources.In addition to representing my clients on the real estate deals, I provide overall general advice and counsel on the transactions.New York City and NationwideMuch of my work is located within the city. New York City represents what our great nation is all about—diversity of people, neighborhoods, businesses, and communities. I am also involved in multistate deals.Speaking and Public ServiceI lecture and give seminars on real estate matters at various institutions on behalf of the New York State Bar Association, the Legal Aid Society, and other associations. I enjoy teaching and the networking aspects of this service. David Portal focuses his practice on all aspects of commercial real estate. Much of his work involves assisting his clients with strategies and approaches to purchase, sale, leasing, financing, and ownership structures. My focus Real Estate I help my clients (which include landlords,tenants, developers, nursing homeowners and operators, banks, hotel owners, hospitals, universities, and nonprofit organizations) with the acquisition and sale of commercial office and mixed-use buildings and hotels, the leasing (ground and master) of properties, multilevel financings, and negotiation of limited liability operating agreements and joint ventures. I also work heavily in commercial office and retail leasing, representing both landlords and tenants, as well as in airport leasing. I strategize with clients on how to seize new or evolving opportunities through federal and state agencies, among other resources. In addition to representing my clients on the real estate deals, I provide overall general advice and counsel on the transactions. New York City and Nationwide Much of my work is located within the city. New York City represents what our great nation is all about—diversity of people, neighborhoods, businesses, and communities. I am also involved in multistate deals. Speaking and Public Service I lecture and give seminars on real estate matters at various institutions on behalf of the New York State Bar Association, the Legal Aid Society, and other associations. I enjoy teaching and the networking aspects of this service.
Recognized in Best Lawyers since 2024
Elizabeth Perez
After 40 years in the industry, David Portal is the attorney you want when navigating high-stakes commercial real estate. Our firm was involved in a complex, multi-party acquisition of a mixed-use development in Manhattan, a transaction fraught with intricate financing structures and challenging leasehold negotiations. From our initial strategy session, David’s depth of knowledge was immediately apparent. He didn't just review documents; he anticipated issues we hadn't considered, particularly around the assumption of existing financing and the nuances of New York's commercial leasing laws. His guidance on structuring the purchase to optimize our long-term ownership goals was invaluable. It’s clear why he’s recognized for his work in real estate law. David and his team at Nixon Peabody were exceptionally responsive, translating complex legal concepts into clear, actionable business advice. The deal closed smoothly and on schedule, a testament to his meticulous preparation and seasoned negotiation skills. He is more than a lawyer; he is a strategic partner who protects your interests while driving the deal forward. For anyone involved in a significant commercial purchase, sale, or financing in New York, David Portal is an exceptional choice.