Firm News
Mar 24, 2014
Seyfarth Leads Range of Top Deals for Real Estate Industry in 2013
CHICAGO (March 24, 2014) – Led by the largest single-property retail transaction and the largest industrial property transaction, Seyfarth Shaw LLP handled five of the commercial real estate industry’s largest deals of 2013, according to the latest rankings of top deals from Real Estate Alert.
This marks the second consecutive year of chart-topping industrial property transactions for Seyfarth, which handled five of the 10 largest industrial transactions of 2012. This is also the second straight year Seyfarth acted as counsel in one of the 10 largest multi-family property deals.
With a combined value of more than $2 billion, Seyfarth’s involvement in the blockbuster transactions of 2013 included:
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Large Single-Property Retail Transactions
- No. 1 – TIAA-CREF in the purchase of Grand Canal/Palazzo in Las Vegas for $725 million
- No. 18 – Equity One in the purchase of Westwood Complex in Bethesda, Md. For $140 million
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Large Industrial-Property Transactions
- No. 1 – DEXUS Property in the sale of West Coast Portfolio to Heitman and Pension Korea for $542 million
- No. 8 – LBA Realty in the sale of LBA Realty Portfolio to AEW Capital for $249 million
In total, Seyfarth’s Real Estate Department handled more than $25 billion in real estate transactions in 2013, including a variety of the industry’s largest, highest-profile and most complex transactions. With more than 130 real estate lawyers across the country, the Department has been recognized as the fourth largest commercial real estate team in the United States.
About Seyfarth Shaw LLP
Seyfarth Shaw has more than 800 attorneys and provides a broad range of legal services in the areas of labor and employment, employee benefits, litigation, corporate and real estate. With offices in Atlanta, Boston, Chicago, Houston, London, Los Angeles, Melbourne, New York, Sacramento, San Francisco, Shanghai, Sydney and Washington, D.C., Seyfarth’s clients include over 300 of the Fortune 500 companies and reflect virtually every industry and segment of the economy. A recognized leader in delivering value and innovation for legal services, Seyfarth’s acclaimed SeyfarthLean® client service model has earned numerous accolades from a variety of highly respected third parties, including industry associations, consulting firms and media. For more information, please visit www.seyfarth.com.