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Law & Order
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.
Paul Laudano with Rhiannon Campbell
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.
Ed Hershfield here with associate Jason Mahler
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.?