News
Law & Order
September 8, 2010
| Brown Rudnick's Boston real estate attorneys— among the firm's 200 lawyers in seven offices from Boston to Dublin —?are hip deep in cutting-edge cases. They're handling zoning, land use, etc. for a major mixed-use development where residential construction is poised to get underway in Southeastern Massachusetts and settling claims in distressed asset cases like the one involving General Growth Properties. |
 |
| We snapped partner Paul Laudano with Rhiannon Campbell in his office, which is pretty clean considering he's handling a number of complex re-structuring issues for CRE creditors and borrowers. And this is just the beginning. Paul says CRE is closing the ?pretend and extend? chapter and starting a new one of foreclosure or bankruptcy filings (even if it doesn't rhyme as well). For instance, the firm is involved in the Stuyvesant Town case in which a group has come in to buy the mezz debt and foreclose. For 18 months, he's also been working on the GGP case representing holders of $1.6B in unsecured debt. With the massive appreciation of GGP securities, the firm has helped its clients negotiate full payment of the debt at par and accrued interest. |
 |
| We snapped partner Ed Hershfield here with associate Jason Mahler. Ed has been representing LNR since ?03 as it redevelops the 1,400-acre former Weymouth Naval Air Station into a sustainable mixed-use property with 2M SF of CRE, which could be retail, office, biomedical manufacturing, or a California movie studio. It will also have 2,855 housing units, including apartments, condos and singles with sports facilities and transit. LNR has agreements with housing developers Whitman, IBG, and a third company (still unnamed) to start construction soon. Ed tells us it's been fascinating to create an entirely new community with all new zoning, planning and affordable housing requirements: ?It's a tremendous opportunity to start from scratch with best practices.? |
