Two pieces of news provide a flicker of hope amid the doom and gloom.
Kramer Levin Naftalis & Frankel has announced that the firm's Real Estate practice was named a Law360 "Top Practice Group of 2012."
In a release, the firm said that it was one of only five firms selected for this honor. Firms were chosen for the significance and complexity of deals the group worked on in the past year.
In 2012 alone, Kramer Levin said that it played a leading role in several exceptionally prominent real estate transactions, including the $260-million sale of the Saint Vincent Catholic Medical Centers Manhattan campus to a joint venture of the Rudin Family and North Shore/LIJ (a pivotal aspect of the resolution of Saint Vincent's Chapter 11 Bankruptcy which was also handled by Kramer Levin); representation of a joint venture of Toll Brothers and Starwood Capital Group in connection with its winning bid for and negotiation of a 97-year ground lease to develop a new $300-million hotel and residential complex at Brooklyn Bridge Park; representation of New York Life Insurance Company in its purchase of an office building valued at $360 million; and representation of The Related Companies in connection with Hudson Yards, a 12-million-square-foot commercial/ residential development project.
Widely regarded as the "go-to" firm for transactional and restructuring matters, Kramer Levin provides counsel to real estate developers and owners, private equity investors, investment bankers, merchant and commercial bankers and hoteliers, among others, across the full spectrum of real estate matters. With office, hotel, residential, retail, industrial, joint ventures, restructurings, recapitalizations, development, conversions, financings, acquisitions and sales to its credit, both long-term clients and those new to the firm and to the industry rely on a highly experienced 50 plus attorney team that also includes practices devoted to Land Use, Environmental and Condemnation matters. The Real Estate department works closely with these and other departments such as Litigation, Corporate, Tax and Creditors' Rights to deliver timely and results-oriented counsel. Kramer Levin is adept at maneuvering the many complexities of the real estate business, including matters that involve public sector/governmental entities, and delivering strategic, creative solutions through a network of far-reaching relationships and capabilities in New York and beyond.
Real Estate Industry Group Partners
Jeffrey L. Braun, Land Use
Jonathan H. Canter, Real Estate
James P. Godman, Real Estate
James G. Greilsheimer (Counsel), Condemnation
Michael Paul Korotkin, Real Estate
Jay A. Neveloff, Real Estate
Paul D. Selver, Land Use
Michael T. Sillerman, Land Use
Gary R. Tarnoff, Land Use
Neil R. Tucker, Real Estate
Elise Wagner, Land Use
Charles S. Warren, Environmental
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