Over A Dozen Firms Guided Largest Q1 Real Estate Deals

Law360 (May 4, 2016) Six of the 10 largest real estate deals in the first quarter were for New York properties, but no single law firm dominated the legal work on the top 10 transactions, with more than a dozen firms grabbing buy- or sell-side work on the quarter’s largest trades, which also included properties in California, Pennsylvania and Washington state. Allen Matkins Leck Gamble Mallory & Natsis LLP was (the only firm) involved with multiple top-10 deals, picking up work on transactions in Seattle and San Diego. Seattle had the sixth-largest deal of the quarter with the $370 million trade of West Eighth St., a deal James G. Farris Jr. of Alston & Bird LLP guided for the buyer, Deutsche Asset Management’s RREEF division, while Michael H. Cerrina and Hadar G. Goldstein of Allen Matkins advised seller AEW Capital Management LP. The final two deals on the top 10 list were California transactions, with Intuit Inc. paying Kilroy Realty Corp. $262 million for Santa Fe Summit Phase II in San Diego, and CBRE Global Investors Inc. buying Pasadena Towers I and II in Pasadena from Beacon Capital. Allen Matkins grabbed work on the former matter, the firm's second top-10 deal, representing Kilroy, while Sedgwick LLP represented Intuit. Allen Matkins’ Julie K. Hoffman and Anton N. Natsis steered that deal for Kilroy.