The trustees of the Uris estate retained us to assess the situation regarding 380 Madison Avenue, a 750,000 square foot property owned by a single heir.  A large infusion of capital was needed to re-develop and modernize the buildings, with more than 300,000 square feet of space about to become vacant.  Alternatively, a sale of the building would have resulted in massive taxes (capital gains as well as transfer taxes) that would have been prohibitive.
We determined that a long-term net lease with an option to purchase would solve these problems for the owner, a transaction with no recent precedent on this scale.  We formulated financial projections for building income and expenses and for building capital costs, and structured a selective competition, inviting selected developers to submit bids. 
A bid from HRO International was chosen and the transaction was concluded within eight months.  The owner achieved an immediate, greatly increased cash flow, and sharply reduced market risk and tax liability.
This transaction won the New York Real Estate Board's Most Ingenious Deal of the Year.