News
Pearls Before Swine
January 3, 2011
 |
| Real estate work in NYC is back and Schulte Roth is almostdoubling its class of summer interns to keep up with demand, the firm’s real estate chair Jeff Lenobel recently told Legal Bisnow. Jeff's seeing activity in Class A primary markets on the coasts, similar to ’05-’06, and prices have skyrocketed in DC and NYC over the last six months. He’s working on a $1.5B refi of a portfolio of hotels inHawaii and San Fran. As a true NY-er, he loves deals in NYC and says his recent representation of a private equity fund manager that bought the Buckingham Hotel on 57th and 6th (reportedly for $90Mwith millions of dollars worth of renovations to come) is indicative of the investment community’s optimism in the NYC RE market. |
 |
| We snapped this of the three pigs that inspired a collection of over500 from six continents (no piggy banks or salt and pepper shakers). Jeff tells us his daughter saw these in a Florida shop and said, “they look like you, mom, and me on a beach!” (Presumably, she’s since been disinherited.) He started collecting hundreds more with a goal of collecting one from every continent. For instance, he recently ventured from Ushuaia, Argentina (the southernmost city in the world), through the Drake Passage and some of the roughest waters on the planet, down to Antarctica. The fierce waters rocked the cruise ship, breaking a man’s wrist, and causing ice-cold water to crash through Jeff’s window as he slept. Alas, of the few residents of the icy continent, none had pigs. |
 |
| Jeff, a huge Mets fan, shows us his (highly reflective) license plate that reads NY METS and his old seat at Shea Stadium given to him by his daughters for his last birthday. Just behind the seat is his collection of the World Series winning ’69 Mets and original Topps baseball cards (though the Nolan Ryan rookie card, valued at $2,500, is missing). Jeff tells us that after Willie Mays blew off the wedding and Bar Mitzvah invitations he sent, he was finally able to pair up with the Hall of Famer on the golf course a few years back. Though Willie was recovering from glaucoma surgery, we imagine Jeff’s lower score still tasted sweet. |
