New York, NY – Paul Hastings LLP, a leading global law firm, announced today that the firm’s Real Estate practice was recognized as one of Law360’s 2015 Practice Groups of the Year
, which honors firms that stand out for their preeminent work in the sector. This is the third year in a row the group has been recognized. Law360
noted that the practice “helped guide headline-grabbing deals in 2015,” and “shows no signs of slowing down” in 2016.
The profile article in Law360
noted Paul Hastings’ “steady work representing major players in the market such as Starwood Capital Group and Oaktree Capital Management in a stream of big-ticket purchases and sales,” including “Starwood's $313.7 million purchase of four hotels and a residential property in London and more than $400 million in deals for Oaktree alone during the past year.” The article also mentioned several of the practice’s other noteworthy transactions, including its representation of Praedium Group in the $1.6 billion sale of 36 properties to affiliates of Blackstone Real Estate Advisors LP; its representation of Ivanhoe Cambridge in “another megadeal involving Blackstone,” a deal to purchase the Stuyvesant Town-Peter Cooper Village apartment complex in New York City from owners managed by CWCapital Asset Management LLC, which includes agreements with the City to preserve a portion of the project for affordable housing; its representation of DreamWorks Animation in the sale of its 14.7 acre campus in Glendale, California for $185 million; and its representation of salesforce.com in the sale of land in San Francisco’s Mission Bay area to the Golden State Warriors, upon which the NBA team plans to build its new arena. Law360
selected its winners from 730 submissions, awarding firms that “came through for clients by sealing the biggest deals and securing wins in high-stakes litigation.” At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.