Jay Nussbaum’s professional experience extends far beyond the practice of law, encompassing business, entrepreneurship, arts and academics, enabling him to provide his clients with a broad, practical perspective. Over the course of his career, Nussbaum has served as General Counsel for three different companies and as CEO to one. He has worked and advised extensively in the fields of:
- Real estate development;
- Real estate management;
- Mortgage banking and investment;
- Commercial leases;
- Commercial mortgage and investment sales brokerage;
- Start-up enterprises;
- General corporate and business law; and
- Trade and Commercial publishing.
After beginning his career in private practice with a general practice firm in New York City, Nussbaum became Senior Vice President/General Counsel to New York City-based commercial investment sales brokerage, Team Companies, then took the same position with Cooper Square Realty, which is today New York City’s largest property manager. After leaving Cooper Square, he served as Senior Vice President/General Counsel to prominent New York City mortgage bank and investment company, Mercury Capital Corp., where, in addition to handling all legal work in connection with its $50 million per year origination business, he invested on Mercury’s behalf as principal in the purchase of several portfolios of non- and subperforming commercial mortgages. Nussbaum was responsible for the entire life cycle of each of these transactions, from negotiating and structuring acquisitions, to closing, and finally to workout. In addition, during his tenure at Mercury, Nussbaum accessed capital sources, negotiated strategic alliances and raised funds for various private equity transactions. In terms of originations and third-party transactions, he was involved in a non-stop chain of transactions, including sourcing, structuring and closing the largest and most complex transaction in the company’s history to that point, a $12.3 million mezzanine portion of a $52 million avenue office deal in Midtown Manhattan.
Following his departure from Mercury Capital, Nussbaum worked in publishing, and published various journals, newsletters and books. Among others, he served as Editor-in-chief for the Real Estate Finance Review, and subsequently published the Mortgage Law Compliance Insider, the Insider’s Guide to Managing Community Associations, as well as two commercially successful novels. During these years he gained a great deal of experience with a variety of publishing industry contracts, lectured often at law seminars and universities nationwide, and continued to specialize in transactional real estate law, executing numerous transactions including acquisitions and dispositions of real property, distressed commercial mortgage portfolios, and ongoing businesses, project and mortgage finance, corporate law, commercial leases and a variety of land use contracts such as easements and licenses. He also drafted offering plans and amendments for luxury condominium and residential/retail mixed-use projects, several of which included public-private components.
In 2009, Nussbaum became CEO of Healthcare Watchdog, an online subscription service that advocates on behalf of people whose health insurance companies refuse to make payment on valid claims, underpay valid claims, or wrongfully refuse subscribers access to the physician or treatment of their choice. As CEO, Nussbaum was responsible for, among other things:
- Establishing all budgets and maintaining full P&L responsibility;
- Serving as the public face of the company at industry events and in all media (including coverage in Crain’s New York Business and Becker’s, among others);
- Interviewing, hiring, firing and managing employees;
- Negotiating all online marketing contracts and affiliate agreements; and
- Participating in development of marketing materials such as banner advertisements, email creatives and landing pages.
Nussbaum is a graduate of Brandeis University and Boston University School of Law. He is a member of the New York State Bar Association (Real Estate Committee, Environmental Law Committee) and the Natural Resource Defense Counsel and Environmental Entrepreneurs.
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