LEHMAN WORKOUTS
| The real estate practice at Sonnenschein has kept in shape this year by doing workouts around the US for its institutional lending clients, including Lehman Brothers, which held more than $600 million in assets when it filed for Chapter 11 in 2008. | |
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We snapped Rachel Goetz, Keith Londo, Bob Fernandez, Linda White (who directs the white-shoe law firm) and Todd Stennes at their Willis Tower offices yesterday afternoon. Each of them has had a hand in the Lehman workouts, which have ranged from a five-star hotel in Hawaii, to a golf course community in the South, to a 30-property portfolio JV unwind in the Midwest. Most recently, Bob has been working out a wilderness lodge in Alaska and a horse ranch in Montana for Lehman. (We hadn’t realized the NYC powerhouse was so….Roy Rogers.) Linda is no stranger to workouts: She restructured the capital stack on the Willis Tower when Sears moved out in '94. | |
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Sonnenschein, founded in Chicago in 1906, has over 750 attorneys in 14 US and European offices. Since its founding, we’re told real estate has been at its core. The firm has more than 100 real estate and hotel/resort attorneys worldwide (and 30 right here). Above, Bob and Linda with Pat Moran. The three also execute leases for landlords and tenants locally and nationally, even if they don’t know where Sonnenchein’s next downtown office will be; the firm’s 200k-SF contract with Willis Tower is up in 2014. |
