Philip S. Rosenzweig

Biography:

Philip S. Rosenzweig is a founding partner of the firm. Mr. Rosenzweig concentrates his practice in real estate, finance, land use and litigation arising from or related thereto. His practice broadly encompasses transactional and litigation matters, including serving as lead counsel and/or trial counsel in major litigation involving distressed assets, partnership and shareholder disputes, construction disputes, loan workouts and restructurings, foreclosures and lender liability issues and strategies relating thereto. He also focuses on advising developers and investors in all aspects of commercial matters, typically in the acquisition, sale, leasing, financing, land use planning, zoning and construction of real property. He routinely negotiates sophisticated transactions and creates complex deal structures to best serve client needs. Mr. Rosenzweig has extensive courtroom and trial experience and has tried many jury and non-jury matters to successful conclusion and is highly experienced in appellate work resulting in significant Commonwealth Court and Superior Court opinions. He has an extensive zoning litigation practice and has prosecuted numerous appeals to various zoning hearing boards, and also handles the appellate work resultant therefrom. He represents borrowers and lenders with respect to complex loan facilities in default scenarios and the litigation arising from those defaults. Mr. Rosenzweig also represents clients in the purchase, sale and financing of non-real estate assets, including ongoing businesses and privately and/or closely held interests in such businesses from their formation or early operation through disposition events. Mr. Rosenzweig has served as General Counsel to a number of Main Line businesses and to a private real estate finance company.

Prior to co-founding Silverang, Rosenzweig & Haltzman, LLC, Mr. Rosenzweig was a Shareholder at Riley Riper where he had a similar practice, and prior to that, he was a Senior Associate at Fox Rothschild.

Mr. Rosenzweig served three terms as a Commissioner of Lower Merion Township, where he represented Ward 6, Rosemont, Bryn Mawr and Villanova. He co-chaired the Building and Planning Committee for Lower Merion Township where he over saw substantial Township-wide redevelopment. Mr. Rosenzweig served three consecutive terms as a trustee of The Baldwin School, where he served on the Executive Committee, co-chaired the Stewardship Committee, co-chaired the Legal Committee and served on the Finance Committee. He has also chaired or co-chaired the Haverford Fund at The Haverford School, where he and his wife will be co-chairing the Class of 2025 Senior Class Gift. He is also a trustee of the Jewish Community Center of Long Beach Island, NJ, where he serves as President of the Board. He also holds or has held Board positions on several privately held businesses. He lives in Bryn Mawr with his wife and children, and he always happens to have three West Highland White Terriers.

Mr. Rosenzweig holds a Bachelor of Science degree in Economics from the University of Pennsylvania, Wharton School of Business and obtained his Juris Doctor from Villanova University. He is admitted to practice law in Pennsylvania, New Jersey and New York and has always been in good standing in each of these states.

Representative Matters:

  • Representation of one of the world’s largest owners of commercial real estate with respect to a multimillion square foot redevelopment master plan.
  • Representation of owner of a million square foot office campus regarding infill redevelopment of property and negotiations with joint venture partners and lenders for redevelopment.
  • Negotiated the restructure of major commercial financing facilities as a result of pandemic related distress.
  • Representation of a major non-profit institution in the multimillion dollar sale of parcels of land on the Main Line and in multi-tier lease agreements between purchaser and seller and advice regarding land use aspects of same; representation of that non-profit in the transactions resulting in the payoff of all institutional debt.
  • Representation of the developer of an oceanfront condominium complex in the Outer Banks, North Carolina with respect to all aspects of a dispute with their lenders, including lender liability and bankruptcy litigation and loan workout and restructuring advice; served as trial counsel in the United States District Court, Eastern District of North Carolina-Greenville.
  • Representation of major shareholder in medical laboratory company regarding shareholder dispute and sale of business; lead trial counsel in the United States District Court, Eastern District of California trial resulting in a multi-count verdict in our client’s favor.
  • Served as lead trial counsel to a major owner of Main Line commercial real estate in an easement dispute with an adjoining property owner resulting in complete victory at trial for our client.
  • Representation of Philadelphia developer in connection with default, forbearance and litigation with lender and the resultant loan acquisition transaction.
  • Counsel for investment fund purchaser in multi-building, multi-state, multi-seller acquisition involving interdependent credit facilities.
  • Counsel to a defaulted developer of a multi hundred thousand square foot mixed use development in the three forum litigations arising from and relating to the default resulting in a massive discounted note purchase of the debt.
  • Representation of established real estate family business in multiple major acquisitions of retail shopping centers and in the sale of non-conforming portfolio real estate.
  • Served as lead trial counsel to a preferred shareholder in a Costa Rican oceanfront resort in the U.S. District Court, Eastern District of Pennsylvania resulting in a multi-million dollar verdict in favor of the preferred shareholder, which verdict was sustained on appeal.
  • Represented main line civic association in zoning hearing board appeals resulting in all appeals granted.

Kevin J. Silverang

Biography:

Kevin J. Silverang is a co-founding partner of Silverang, Rosenzweig & Haltzman, LLC. The firm provides sophisticated services for lenders, borrowers, developers and investors in various real estate acquisition, leasing, construction, development, financing, restructuring and disposition transactions. Included in its financing services is the firm’s expertise in Historic Tax Credits and New Markets Tax Credits transactions. The firm also specializes in workout negotiations, real estate and commercial litigation, note portfolio purchases, discounted note transactions and the like. The firm also represents closely-held corporations in general contract and transactional work, partnerships in documenting syndicated equity transactions and all related legal matters. In addition, Mr. Silverang is founding partner of Silverang Hallowell Development Company, a development company specializing in acquiring and developing value added real estate. Mr. Silverang is an entrepreneur who has personally developed over $500 million of property and co-founded two multi-million dollar real estate equity funds.

Mr. Silverang holds a Bachelor of Arts degree from Franklin & Marshall College, and obtained his law degree, cum laude, from Villanova University. He is a frequent lecturer on real estate subjects at seminars sponsored by the Philadelphia Bar Association and the Pennsylvania Bar Institute.

Representative Matters:

  • Representation of a development company in the acquisition, financing and rehabilitation of 27 multi-unit properties for off-campus student housing portfolio for Franklin & Marshall College in Lancaster, Pennsylvania.
  • Representation of a development company in the acquisition, financing and rehabilitation of a 34,000 square foot day care center in Lancaster, Pennsylvania.
  • Representation of a real estate fund in the acquisition, financing and rehabilitation of 400,000 square feet of warehouse flex space in Montgomeryville, Pennsylvania.
  • Representation of a real estate fund in the acquisition, financing and adaptive reuse of 132,000 square feet of Class A office space in Lansdale, Pennsylvania.
  • Representation of a partnership in the acquisition and financing of a 73 unit condominium conversion project in Vineland, New Jersey.
  • Representation of a real estate fund in the acquisition, financing and sale of a 60 unit ground-up condominium project in Old City, Philadelphia, Pennsylvania.
  • Representation of a development partnership in the acquisition, financing and rehabilitation of a 28 unit senior living facility in Hanover, New Hampshire.
  • Representation of real estate developer in the financing and rehabilitation of a 144 unit ground-up apartment construction project in Dover, Delaware.
  • Representation of a real estate developer in the discounted note purchase, recapitalization (including Historic Tax Credits), construction and adaptive reuse of a 1950 art deco style office building into a 98 unit apartment complex and 13,000 square feet of retail space located in Center City, Philadelphia, Pennsylvania.
  • Representation of a real estate developer in the recapitalization (including Historic Tax Credits and New Markets Tax Credits), construction and adaptive reuse of an historic office building into 89 apartment units, 40,000 square feet of office space and 15,000 square feet of retail space located in Scranton, Pennsylvania.
  • Representation of a real estate developer in the development, construction and financing (including Historic Tax Credits and New Markets Tax Credits) of a 200,000 square foot multi-purpose building on the campus of King’s College in Wilkes-Barre, Pennsylvania.
  • Representation of a real estate developer in the defense and litigation of claims respecting a luxury condominium project located in the Outer Banks, North Carolina, including workout negotiations, defense of confessions of judgment and related lender liability counterclaims.
  • Representation of a developer/contractor in working out over $180 million in a defaulted real estate loan portfolio.
  • Representation of a developer in negotiating and closing a $100 million recapitalization of a residential real estate portfolio.