Real Estate

Magic circle firms lead on €1bn Russian PPP

By Friederike Heine | May 5, 2010

Freshfields Bruckhaus Deringer and Clifford Chance (CC) have scored roles on a €1.1bn (£955m) Russian public-private partnership (PPP) that will see the construction of a new terminal at St Petersburg's Pulkovo Airport. Freshfields advised the sponsors on the deal with a team led by London-based infrastructure and transport partner Alex Carver, alongside associates from the firm's London and Moscow offices.

1 minute read

Cleary and Linklaters advise on $5.5bn Russian Government bond

By Suzi Ring | May 5, 2010

Cleary Gottlieb Steen & Hamilton and Linklaters have advised on the Russian Government's $5.5bn (£3.6bn) bond, the state's first visit to the capital markets since the emerging market crisis of 1998. Cleary's team for the Russian Government included partners David Sabel handling litigation and arbitration matters, David Gottlieb for M&A and capital markets and litigator Simon Ovenden.

1 minute read

Willkie boosts Paris projects practice with hire of Freshfields team

By Sofia Lind | May 4, 2010

Willkie Farr & Gallagher has moved to dramatically scale up its French projects and public law practice with the hire of a nine-lawyer team from Freshfields Bruckhaus Deringer. Public law partner Thierry Laloum and project finance partner Amir Jahanguiri both joined the Paris arm of Willkie Farr on 1 May as partners, alongside counsel Vincent Brenot, who also joined as a partner.

1 minute read

DLA Piper set to continue global growth with Istanbul launch

By Suzi Ring | April 14, 2010

DLA Piper is set to launch an office in Turkey, subject to licence approval expected later this month. The international law firm is gearing up to expand into Istanbul, with an office opening set for 1 May.

1 minute read

A&O wins role to advise French Government on €4.2bn canal PPP

By Suzi Ring | April 14, 2010

Allen & Overy (A&O) has landed a role advising the French Government on one of the biggest public-private partnership (PPP) deals in Europe to date. A&O will advise government agency Voies navigables de France on the €4.2bn (£3.7bn) deal, which will see the design, construction and maintenance of a 100km stretch of canal forming a junction between France and both Belgium and the Rhine basin.

1 minute read

Freshfields, Pinsents go nuclear with roles on slimmed-down NDA panel

By Jeremy Hodges | April 13, 2010

The Nuclear Decommissioning Authority (NDA) has unveiled its new-look legal panel, with the number of external firms the organisation uses cut back from nine to five. The nuclear clean-up group has signed up Freshfields Bruckhaus Deringer and Pinsent Masons to its roster for the first time, while DLA Piper, Burges Salmon and Field Fisher Waterhouse have all been retained.

1 minute read

BLP water chief quits to join Bircham Dyson in wake of Thames deal

By Sofia Lind | April 12, 2010

Berwin Leighton Paisner (BLP) has lost the head of its water focus group with the departure of City partner John Hurdley to Bircham Dyson Bell. The news comes after the news, reported by Legal Week, that BLP in set to complete a deal that will see Thames Water transfer the bulk of its in-house legal team to the City law firm. However, BLP stated that Hurdley's departure was unrelated to those developments.

1 minute read

Nabarro misses out as Yorkshire development agency completes panel review

By Claire Ruckin | April 8, 2010

Regional development agency Yorkshire Forward has completed an adviser review which has seen Nabarro lose its place on the organisation's legal panel. The agency has split its adviser roster in two, with Eversheds, Hammonds, Pinsent Masons, Cobbetts, Walker Morris and Addleshaw Goddard appointed to the main legal panel. The six firms were reappointed following a competitive tender process, with Nabarro the only former panel firm not to be reappointed.

1 minute read

Hammonds partner duo hand in notice as resignation window opens

By Claire Ruckin | April 1, 2010

Hammonds is to lose two senior partners, with Manchester head Jonathan Edwards and construction chief David Moss resigning from the firm. Both partners handed in their notice earlier this week (31 March), on one of only two days each year on which equity partners are able to resign from the firm.

1 minute read

Grosvenor hires former Freshfields lawyer as first-ever GC for Britain & Ireland arm

By Suzi Ring | March 31, 2010

Property development company Grosvenor Britain & Ireland has recruited Ulrike Schwarz-Runer from Dubai Holdings as its first general counsel. Schwarz-Runer joined Grosvenor on 29 March, leaving her role as GC at the Dubai Government-owned holding company. She will be based at Grosvenor's London headquarters. Prior to Dubai Holdings, Schwarz-Runer was formerly a corporate lawyer at Freshfields Bruckhaus Deringer and US firm Simpson Thacher & Bartlett, and also an executive director at Goldman Sachs in New York, London and Frankfurt.

1 minute read

Daily Business Review

In Fast-Growing Sunrise Area, Investment Firm Buys Apartment Complex for $22 Million

By Melea VanOstrand | October 14, 2022

A Miami-based real estate investment firm has bought a $22.22 million apartment complex in one of Broward County's fastest-growing communities.  Circle…

3 minute read

The Legal Intelligencer

Jury Returns $5.85M Verdict to Family in 12-Year Eminent Domain Dispute

By Aleeza Furman | October 13, 2022

The verdict matched the exact value the plaintiff presented the jury, and the full award is set to amount to around $7.5 million with statutory interest tacked on, according to David Snyder, a partner at Fox Rothschild who represented the plaintiffs.

3 minute read

Daily Business Review

Bilzin Sumberg Renews Lease at 1450 Brickell, Doubling Down on South Florida Presence

By Melea VanOstrand | October 13, 2022

The decision to renew the lease will pay dividends from a business aspect and proximity standpoint, according to managing partner Albert E. Dotson Jr.

5 minute read

New York Law Journal

New York AG Seeks to Block Trump From Moving Assets While Fraud Case Proceeds

By Jane Wester | October 13, 2022

Lawyers from AG Letitia James' office asked for the appointment of an independent monitor to oversee the Trumps' submission of financial information to accountants, lenders and other external parties.

4 minute read

Daily Business Review

'A Major Business Issue': South Florida's Economy Will Suffer Without More Affordable Housing

By Raychel Lean | October 13, 2022

"We've got lawyers that have been impacted by these rent increases, and they make good money."

7 minute read

Daily Business Review

South Florida's Office Market Remains Healthy as New Tenants Drive Demand, but Broward Is Underperforming

By Melea VanOstrand | October 12, 2022

New-to-market tenants are driving momentum as companies expand their footprint in Florida.

4 minute read

Daily Business Review

Renters Outnumber Homeowners in Many Major Cities

By Lynn Pollack | October 12, 2022

Downtown Miami saw a record 173% increase in the zip code 33123.

2 minute read

Daily Business Review

Move Over, New Yorkers. South Florida's Top Real Estate Buyers Are Now Coming From Elsewhere

By Melea VanOstrand | October 11, 2022

"Miami real estate which has enjoyed 10+ years of consecutive price appreciation, has long been the number one U.S. destination for global buyers," said MIAMI Chairman of the Board Fernando Arencibia Jr.

3 minute read

New York Law Journal

Realty Law Digest

By Scott Mollen | October 11, 2022

Scott Mollen discusses "Colgate Inn v. Eberhardt," where the court found that the subject lease granted the Inn owner access to an Inn lessee's records regarding the Inn's transactions, and "2875 W. 8th St. Assoc., L.P. v. Bonomo," where the court allowed a tenant to cure a default with a conditional Yellowstone injunction.

14 minute read

New York Law Journal

Specific Performance of a Sale-Leaseback

By Peter E. Fisch and Salvatore Gogliormella | October 11, 2022

Although specific performance is an important remedy in real estate transactions, it is a remedy disfavored by the courts. In their Transactional Real Estate column Peter E. Fisch and Salvatore Gogliormella discuss how, under certain circumstances, particularly in the case of sale-leasebacks, a specific performance clause may not be enforced by the courts.

10 minute read