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Negotiating Real Estate Deals 2013

Speaker(s): Bonnie J. Host, Courtney G. Capute, Darcy A. Stacom, Gregory A. Cross, Jamie A. Levitt, Louis J. Hait, Richard S. Fries, Robert Sorin, Ronald D. Sernau, Roy D. Simon, Steven D. Klein, Steven G. Horowitz, William P. McInerney
Recorded on: Jun. 4, 2013
PLI Program #: 42221

Richard Fries practices law in New York City and is a co-leader of the real estate group at Sidley Austin. He is well-known throughout the New York and national legal, real estate and finance communities. Richard focuses his practice on a wide array of complex real estate financing transactions, in which he represents leading national and global institutional lenders, investment banks and private equity firms. Mr. Fries is particularly well-known for his work in high-profile distressed commercial loan workouts spanning all real estate asset classes, including office, hospitality, shopping centers, ground-up construction and apartment complexes. He has developed a noteworthy practice at the crossroads of real estate finance, workouts and remedies, using litigation tools to restructure real estate loans and projects.  

In 2018, Mr. Fries was awarded the New York State Bar Association Real Property Law Section’s Professionalism Award, its most significant honor, which recognizes lawyers who evidence the highest attributes of legal ability, achievement, civility and professionalism in the practice of law.

Mr. Fries has been recognized by Chambers USA in Band 1 each year from 2009 through 2021 in New York and in Band 1 nationally in 2013 (the year such rankings began) through 2017 (and in Band 2 in 2018 through 2021) and named by Best Lawyers as its Real Estate Litigation Lawyer of the Year in New York City for 2019. He is recommended in The Legal 500 United States for Real Estate, The International Who’s Who of Real Estate Lawyers, The Guide to the World’s Leading Lawyers and The Best Lawyers in America which also named Richard as its Litigation - Real Estate “Lawyer of the Year” in New York City in 2013. In September 2020, he was recognized by Super Lawyers as one of its Top Ten Lawyers in New York. In 2016, Mr. Fries was named to the inaugural edition of Who’s Who Legal: Thought Leaders 2017 as one of their top 10 best performing real estate lawyers worldwide. In 2015, for the second consecutive year, Who’s Who Legal acknowledged Richard as one of the ten “Most Highly Regarded” real estate lawyers in North America. He has been recognized by SuperLawyers as one of the “Top Ten” Attorneys in New York City in 2020 and 2021. He is a fellow of the American College of Real Estate Attorneys and a past fellow of the American College of Mortgage Attorneys.

Richard is a member of the Executive Committee of the Real Property Law Section of the New York State Bar Association. He is co-chair of the Section’s Real Estate Finance Sub-Committee; he has co-chaired the Workouts and Bankruptcy Committee, the Legislation Committee and the Membership Committee. Richard has lectured on a variety of important and timely topics for Practising Law Institute, the New York State Bar Association, the Mortgage Bankers Association and industry group programs on real estate finance, real estate workouts and remedies.

Richard has written extensively. His articles on the latest distressed loan workout strategies and enforcement of remedies have been published regularly in the New York Law Journal and the Real Property Law Section’s Journal. Over the past several years, he co-authored several articles on changes and trends in real estate finance. 

Bonnie J. Host works as a Conflicts Attorney at SNR Denton US LLP.  In that capacity, she reviews, analyzes and summarizes conflicts of interest reports with respect to preliminary checks, client development proposals, new clients, new matters and lateral attorneys. Ms. Host reviews and interprets corporate and information reports relating to the conflicts clearance process, including Capital IQ, Hoover's, Dun & Bradstreet and Accuity reports. She identifies anti-money laundering concerns and issues relating to sanctioned and/or restricted governments, corporations and individuals. She identifies reputational risk issues. Ms. Host serves as the primary SNR Denton US LLP Conflicts Attorney for matters on which SNR Denton US LLP's attorneys work with attorneys located in the European, Middle Eastern and African member firms, associate firms and associate offices of the SNR Denton Verein structure and addresses multi-jurisdictional conflicts of interest and ethical rules in the context of a global law firm. She facilitates the resolution of potential and actual conflicts of interest, commercial concerns and strategic issues for attorneys firm wide by working closely with the partners involved in the particular matter, partners designated to provide additional clearance for matters involving certain practice areas and/or industries and the General Counsel's Office. She drafts necessary waivers, ethical screens and engagement letters and advises attorneys regarding same. Ms. Host provides training and develops training materials for new members of the Conflicts Clearance Group, new partners, foreign offices and support staff. She provides ongoing review and feedback regarding the performance of the New Business Intake staff and conflicts searches conducted.  She provides rigorous and ongoing input into best practices for handling conflicts of interest, compliance policies and conflicts database management for the firm. Ms. Host keeps abreast of professional and ethical standards relating to law firm risk. She proactively builds strong working relationships at every level within the firm in order to promote a strong compliance culture.

Ms. Host is admitted to practice in New York State Courts and the United States District Courts for the Southern and Eastern Districts of New York.  She is a member of the New York Bar Association, where she serves on the Committee on Standards of Attorney Conduct. She is a member of The Association of the Bar of the City of New York, where she served for a three year term on the Committee on Professional Responsibility from June, 2009 through June 2012. She is also a member of the Association of Professional Responsibility Lawyers.

Ms. Host graduated cum laude from Columbia College in 1989 with a degree in economics. She graduated from The University of Chicago Law School in 1992. Prior to joining SNR Denton US LLP, Ms. Host worked as a commercial litigator at Kirkland & Ellis LLP and Bingham McCutchen LLP for more than twelve years. In addition, Ms. Host worked for a period of time as an Associate General Counsel of Sotheby's, Inc. where she represented Sotheby's in a portfolio of claims and had responsibility for all legal issues arising from the Human Resources department.

Louis J. Hait is a Partner in the New York office of Arnold & Porter Kaye Scholer LLP, having joined predecessor Kaye Scholer LLP’s real estate department in 1983.

Mr. Hait's practice covers a broad range of commercial real estate, with an emphasis on the representation of capital providers at all levels of the capital stack, including representing banks and other lending institutions in originating structured mortgage and mezzanine debt, negotiating intercreditor and co-lender agreements, and acquiring portfolios of performing and non-performing loans; representing hedge funds, private equity and opportunity funds and pension plans providing mezzanine, preferred equity and common equity joint venture investments; and construction lending, leasing, acquisitions and sales. Mr. Hait has counseled both institutional lenders and borrowers in complex real estate loan workouts and restructurings during multiple down cycles in the real estate market. He has a particular expertise in fashioning "one-off" solutions for hard-to-structure, would-be loan assets.

Mr. Hait regularly writes and lectures on commercial real estate law. Most recently, he was a faculty member for the Practicing Law Institute's conference entitled "Negotiating Real Estate Deals 2016," at which he spoke on "Recent Trends in Real Estate Lending." Mr. Hait most recent publications were "Does a New York Foreclosure Create an Opportunity for a Tenant to Walk Away from Its Lease Obligations," which appeared in the Winter 2015 edition of NY Real Property Law Journal, and "Does the Use of Equity Pledges in Mortgage Loans create a 'Clogging' Issue?" which appeared in Law360 in March 2013.

Mr. Hait is recognized as a leading practitioner in Chamber’s USA:  Americas Leading Lawyers for Business.

Mr. Hait received his J.D. from New York University.

Robert Sorin is a real estate partner resident in Fried Frank's New York office. He joined the Firm as a partner in 1997.

Mr. Sorin's practice covers a broad range of commercial real estate transactions, including the sale and acquisition of office, hotel and retail properties, joint ventures, commercial mortgage and mezzanine financing, construction financing, leasing, the development of office, residential, hotel and mixed-use projects, loan sales, and debt restructurings.

Having begun the practice of law in 1983, Mr. Sorin has been lead counsel on some of the most high-profile real estate transactions of their respective times. In 2009, he represented Macklowe Properties in the sale of the General Motors Building in New York City to Boston Properties for US$2.8 billion, the largest price ever paid for the purchase of a single building in US history.  In 2018, he represented Google in its US$2.4 billion acquisition of Chelsea Market, the second largest price ever paid for the purchase of a single building in the US. In 2010, he represented Google in its US$1.8 billion acquisition of 111 Eighth Avenue, the location of Google’s New York headquarters. He also represented Macklowe Properties in the US$6.4 billion acquisition of the Manhattan portfolio of Equity Office Properties from The Blackstone Group, the largest single-transaction price ever paid for a private acquisition of real estate assets.

He has also represented landlords and tenants in millions of square feet of leasing transactions.  He represented BlackRock as tenant in its 850,000 square foot headquarters relocation in New York City, and has represented Google as tenant in all of its leases in New York City, including at Pier 57.  He has represented The Related Companies as landlord in virtually all of the leases signed at Hudson Yards, including with L'Oreal and SAP, and is representing SL Green, as landlord, in its leasing at One Vanderbilt Avenue, the iconic building being constructed next to Grand Central. 

Mr. Sorin is a guest lecturer at Harvard Law School and Columbia University's Graduate School of Architecture, and Planning and Preservation.

Mr. Sorin is consistently recognized in “Band 1” by Chambers USA: America's Leading Lawyers for Business as a leading individual in Real Estate and is consistently recognized by Legal 500 in Real Estate. He was named by Law360 as a 2011 “MVP Lawyer of the Year,” and was recognized by Real Estate Weekly in its 2008 and 2009 All Stars edition honoring real estate industry leaders.

He is a member of the Real Estate Board of New York and the International Council of Shopping Centers. He also serves as a member of the Governance Committee of Fried Frank.

Mr. Sorin received his JD, cum laude, from Georgetown University Law Center in 1982 and his BA, magna cum laude, from Washington University in St. Louis in 1979. He is admitted to the bar in New York.

Ron Sernau is part of New York’s real estate industry inner circle and has more than 30 years of experience in real estate law. His clients, some of which have relied on his advice for decades, routinely involve him in their strategic decision making. Ron offers clients the insight he has gained by representing opposing interests in similar transactions. He has advised landlords and tenants, lenders and borrowers, purchasers and sellers, equity investors and developers, managers and owners, and brokers and principals.

Ron represents prominent New York City real estate developers in their investments in, and development of, premier properties. Various businesses, from large publicly traded companies to boutique investment firms, engage him to address their real estate concerns. He also provides general legal advice to luxury retailers, with a focus on real estate issues.

At Proskauer, Ron serves as the co-head of the Real Estate Department and co-chair of the Private Equity Real Estate practice. Ron is also part of the Firm’s cross-disciplinary, cross-jurisdictional Coronavirus Response Team helping to shape the guidance and next steps for clients impacted by the pandemic.

An avid speaker on real estate topics, Ron has appeared before groups sponsored by the Association of the Bar of The City of New York, the New York Hospitality Council, Inc., the New York State Bar Association, the Georgetown Commercial Leasing Institute, CB Richard Ellis, Inc., the Association of Attorneys and Executives in Corporate Real Estate, Practising Law Institute, The Real Estate Board of New York, Inc. and the American College of Real Estate Lawyers.

Roy Simon is a Distinguished Professor of Legal Ethics Emeritus. He writes books on legal ethics, serves on bar committees that address legal ethics, consults with lawyers and law firms as an expert on legal ethics, and serves as an expert witness in legal malpractice cases, motions to disqualify, and other matters where the professional conduct of lawyers is at issue.

Professor Simon received his B.A. from Williams College cum laude and his J.D. from New York University School of Law, where he was Editor-in-Chief of the N.Y.U. Law Review. He clerked for United States District Judge Robert R. Merhige in Richmond, Virginia, then practiced law at Jenner & Block in Chicago. He began his career as a law professor at Washington University School of Law in St. Louis, and nine years later joined the faculty of Hofstra University School of Law, where he served as the Howard Lichtenstein Distinguished Professor of Legal Ethics at Hofstra from 2003 until 2011.

Professor Simon writes Simon's New York Rules of Professional Conduct Annotated (now in its 18th edition). He also annually coauthors Regulation of Lawyers: Statutes and Standards (now in its 27th edition), and is the principal co-author of a textbook for law students entitled Lawyers and the Legal Profession (4th ed. 2009).  He wrote a monthly column for New York Professional Responsibility Report from 1998 through 2011, and has written Spring and Fall columns entitled Developments in the Regulation of Lawyers for the Newsletter of the AALS Section on Professional Responsibility since 1991.

Professor Simon served as Chair of the New York State Bar Association’s Committee on Professional Ethics from 2008 – 2011, and has been a member of that committee since 1995.  He is the Chair and Chief Reporter for of the New York State Bar’s Committee on Standards of Professional Conduct (COSAC), which drafted proposals for the New York Rules of Professional Conduct and which to monitors and proposes amendments to the Rules of Professional Conduct and other regulatory provisions regarding lawyers. He served as Chair of the Nassau County Bar Committee on Professional Ethics from 1996-1998, was a member of the New York City Bar’s Committee on Professional Ethics from 2002-2005 and 2012-2015. He has also served on the New York City Bar’s Committee on Professional Responsibility, Committee on Professional Discipline, and Task Force on the Role of the Lawyer in Corporate Governance.

Steven G. Horowitz serves as Chief Legal and Risk Officer at Open Space Institute, based in New York.  At OSI he focuses on land conservation, environmental mitigation, climate change and a wide range of resiliency activities.  He recently retired after many years as a partner of Cleary Gottlieb where he regularly represented U.S. and international commercial and investment banks, foreign and domestic institutional investors, property owners and corporations in their real estate matters. Transaction types encompassed all forms of joint ventures, mortgage finance and securitization, loan syndication, mortgage loan trading and subordinate debt, restructuring and real estate-related mergers and acquisitions.  In addition, he focused on credit tenant and portfolio leasing, workout and bankruptcy matters, investment entity formation and tax-oriented finance transactions, and investments in non-traditional property types such as resorts and hotels, Indian gaming casinos, mines, timber, utilities, sports fitness clubs, hospitals and nursing homes.

Steven repeatedly has been recognized by the business and legal press for his work on behalf of clients, including The Best Lawyers in America, which includes him in its 2018 edition, making Steven one of a small group to receive this honor for more than 15 consecutive years.  Prior to Law School, he worked as a housing and urban development planner in the New York City Department of City Planning.

Steven Klein is a partner in the New York office of Gibson, Dunn & Crutcher and is a member of the Firm's Real Estate Practice Group.  Mr. Klein's practice covers a broad range of real estate transactions, including acquisitions and dispositions, joint ventures, financings, leasing, construction and development, restructurings and recapitalizations.  He also has substantial experience in REIT offerings, REIT mergers and formation of investment funds.  He has advised clients on securitized funding agreements, permanent and mezzanine loan agreements, loan restructuring agreements, partnership and limited liability company agreements, private placement memoranda, property management agreements, retail and office leases and regional shopping centre agreements.  His clients include Goldman Sachs, Citigroup, DiamondRock Hospitality Company, AECOM Capital and Lehman Brothers. 

Chambers USA (2013) ranks Mr. Klein among the leading individuals practicing Real Estate Law in New York. He has also been included in Legal Media Group’s Expert Guide to the World’s Leading Real Estate Lawyers, The Best Lawyers in America, The Legal 500 and New York magazine’s "Best Lawyers.”

Mr.  Klein is an adjunct professor at the New York University Schack Institute of Real Estate, where he has taught courses on commercial leasing, commercial real estate transactions and real estate development and investment.  He is a member of the Real Estate Board of New York (REBNY), International Council of Shopping Centers (ICSC), and of the Advisory Board of Chicago Title Insurance Company. 

Prior to joining the Firm, Mr. Klein was Chair of the Real Estate department of Willkie Farr & Gallagher.  Mr. Klein received his Juris Doctor from Rutgers University School of Law in 1986.

Select Representative Transactions*

  • Lehman Brothers Holdings Inc.:  $956 million sale of North American Industrial Fund III portfolio to Blackstone Group LP and Prologis Inc.
  • AECOM Capital:  Joint venture with the Mack Family Office and Urban Partners LLC to acquire and develop five development sites located in the South Park district of Los Angeles.
  • Goldman Sachs:  $1.85 billion refinancing consisting of first mortgage and four mezzanine loan tiers secured by a portfolio of hotels located in Hawaii and San Francisco.
  • Goldman Sachs:  Acquisition and restructuring of a $180 million mortgage loan secured by the YOTEL New York hotel, and subsequent $200 million refinancing of YOTEL consisting of first mortgage and senior mezzanine loans.
  • Prominent NYC developer:  Restructuring of construction loan and mezzanine loan.
  • Real Estate fund:  Loan restructurings.
  • Team of Private Equity Funds:  Purchase of $1.1 billion of timeshare loans, consisting of both construction and acquisition loans.
  • Bloomberg L.P.:  Lease for 700,000 square-foot new world headquarters at the “Alexander’s Site” in New York City, and numerous other acquisitions and leases, nationally and internationally, including in California, New Jersey, Washington, D.C., London, Prague, San Paulo, Rome and Tokyo.
  • Leases and construction agreements on behalf of Apollo, Avenue Capital, Alix Partners, Bank of America, Citibank, Crain, Greenhill, Jones New York, JP Morgan, Lehman Brothers, Level 3, McKinsey & Company, Moelis, Pinebridge Capital, SAC and other corporate tenants.
  • Trinity Church: Redevelopment of 330 Hudson Street.
  • Sale-leaseback transaction with Disney and Wal-Mart.
  • Paramount: Acquisitions and financings of New York City office buildings.
  • Port Authority of NY and NJ:  Redevelopment of 42nd Street Bus Terminal.
  • DiamondRock Hospitality Company: Acquisitions and financings of several individual hotels and portfolios, including Westin Boston, Chicago Marriott and a 4-hotel portfolio from Blackstone.
  • CBL Properties, The Mills Corporation and Simon Property Group:  Acquisitions, joint ventures and financings with respect to regional mall centers and portfolios.
  • Land developer and home builder:  Loan restructurings.
  • Hospitality and residential developer:  Loan restructurings.
  • Private Company:  Acquisition of an office building in London.
  • Multifamily Company:  Restructuring of over $1 billion in CMBS debt, which encumbers a large portfolio of multifamily properties across the United States.
  • NorthStar Capital Partners LLC:  Joint ventures and financings with respect to retail portfolio in Puerto Rico, golf courses throughout the United States, and a mixed-use project in Manhattan.
  • Scout Real Estate Capital:  Acquisition, debt and equity financing and development of Wyndham Bermuda Resort & Spa, 6000 acres of waterfront land in Hawaii, and two Martha’s Vineyard hotels.
  • Praedium:  Acquisition of office properties.
  • Ventas:  Acquisition of 67 healthcare and seniors housing properties.
  • Lehman Brother Holdings Inc. (and various debtor and debtor affiliates):  Mezzanine construction financing of data center facility in Ashburn, Virginia; preferred equity investment in NYC residential condominium development; construction loan to develop luxury golf course in Texas; restructuring of residential condominium mortgage and mezzanine loans; restructuring of various debt and equity relationships with a major private developer and owner of an office building portfolio in the southeastern United States; marketing and potential sale of REO assets acquired by Lehman via foreclosure of otherwise; restructuring of loan facilities encumbering a portfolio of residential assets in Florida in which a Lehman affiliate is an equity investor.

*Representations occurred prior to Mr. Klein joining Gibson, Dunn & Crutcher. 

Jamie Levitt is co-chair of the firm’s Commercial Litigation and Trial Group and managing partner of the New York office. She is also the former head of the New York Litigation Department. Her practice involves all aspects of complex commercial litigation and arbitration, with an emphasis on securities litigation. She has represented public companies and their officers and directors in securities fraud actions, shareholder derivative suits, as well as U.S. Securities and Exchange Commission (SEC) and other regulatory investigations. She also has experience conducting and defending corporate internal investigations and advising board committees and individuals with respect to investigations.

Jamie is a trial lawyer with extensive experience representing companies in the courtroom in a broad range of commercial disputes, including real estate financing disputes, bankruptcy contested proceedings, accounting claims, and intellectual property cases involving trademark, trade secret, and unfair competition claims. Her clients include companies, officers, and directors in a wide array of industries, including financial services, life sciences, technology, and real estate.

Jamie serves on numerous boards and committees of public interest groups, including having served on the Board of the Federal Bar Council and as past chair of its Public Service Committee; executive vice president and past chair of the Board of Advocates for Children of New York, Inc.; chair of the Board of New York Lawyers for the Public Interest; member of the Board of VisionSpring; past member of the Board of the Center for Reproductive Rights; and past member of the Legal Advisory Board for Sanctuary for Families. Jamie also sits on Morrison & Foerster’s Board of Directors and its Governance Committee; serves as chair of The Morrison & Foerster Foundation; and was a former chair of Morrison & Foerster’s Pro Bono Committee.

Jamie received her B.A. magna cum laude in 1988 from the University of Pennsylvania and her J.D. in 1992 from Columbia University School of Law, where she was a Harlan Fiske Stone Scholar and an Articles Editor of the Columbia Journal of Law and Social Problems. From 1993 to 1994, she served as a law clerk to the Honorable Nathaniel M. Gorton, U.S. District Court, District of Massachusetts.

Courtney Capute is a partner at Venable LLP and is a member of Venable's management board. Ms. Capute maintains both a CMBS special servicing practice as a longtime member of Venable's Special Servicing Group, anchoring the real estate side of that practice, as well as a more traditional real estate transactional practice with a focus on hospitality work. Her special servicing work focuses on the restructuring of troubled CMBS loans as well as note sales, discounted payoff agreements, deed in lieu of oreclosure agreements and the disposition of REO property. Representative clients include CWCapital Asset Management LLC and LNR Partners, LLC.

Greg Cross is a partner at Venable LLP and the chair of its Bankruptcy and Creditors' Rights Practice Group. Mr. Cross also leads Venable's Commercial Real Estate Servicing practice and is a member of Venable's management board.

During the past twenty years, Mr. Cross has established himself as a nationally recognized leader in his practice areas. Mr. Cross was the coordinating counsel for all secured lenders in the General Growth Properties case, counsel for the secured creditors in the Extended Stay Hotels case and senior lenders' counsel in the Stuyvesant Town litigation and restructuring. Other notable representations include: confirming one of the only successful bankruptcy restructurings of a financial services firm; representing the Governor and State of Maryland in a bankruptcy that threatened the Preakness Stakes; and restructuring the finances of Michael Jackson prior to his death. Mr. Cross was recognized by The American Lawyer in 2010 as a "Dealmaker of the Year" for his work in the GGP bankruptcy case, and under his leadership, the Bankruptcy Practice Group was recognized by Law360 in 2009 as one of the nation's top five bankruptcy practices.

Long before the recent economic downturn, Mr. Cross assembled a team of more than 30 lawyers who focus the majority of their time on commercial real estate workouts. For more than a decade now, Mr. Cross has advised some of the nation's largest special servicers of CMBS assets on all aspects of commercial real estate loan workouts and routinely develops training programs for these clients. He speaks frequently on workouts and bankruptcies involving commercial real estate and develops cutting edge approaches to structuring workouts.

William McInerney is Co-Chair of Cadwalader’s Corporate Finance Practice. His expertise is in real estate finance, mortgage banking, and debt restructurings. His clients include financial institutions and other investors in real estate and related transactions. His practice involves advising lenders and investors in all aspects of secured financings and he has a particular expertise in the sale of performing and non-performing commercial mortgage and mezzanine loans in the secondary market. Bill often counsels clients in restructuring problem loans and on servicing issues that arise in securitized debt. Recent transactions on which Bill has represented clients include the following:

  • Purchase of $1 billion in commercial mortgage loans from an institutional seller.
  • $650 million single asset securitization on a state-of-the-art "green" building.
  • $2 billion financing post-bankruptcy of a national hotel chain.
  • Restructuring of the $22 billion financing used in the acquisition of Hilton Hotels Corp.
  • Restructuring of $1 billion of debt for a national casino operator.

Other notable transactions are:

  • $650 million financing on a 55 property retail portfolio during the fourth quarter of 2009, one of the first single-borrower securitizations post-credit crisis.
  • $1.3 billion financing in connection with the acquisition of five Chicago office buildings that were a part of the original EOP portfolio.
  • $1.2 billion financing used for the acquisition of the Lord & Taylor department store chain.
  • $563 million financing in connection with the purchase of the World Trade Center complex in the summer of 2001 and the subsequent insurance litigation.

Each year since 2007 Bill has been named a “Leading Lawyer” in the area of Real Estate Finance by Chambers USA: America’s Leading Lawyers for Business. The Legal 500 also has annually recognized Bill as a leading real estate/capital markets practitioner. Bill co-authored the article “From Bankruptcy-Remote to Risk-Remote: Reframing the Single-Purpose Entity in the CMBS Finance” published in the New York Law Journal on August 23, 2010 as well as the article “Use of Mezzanine Debt in Commercial Mortgage Loans,” which was published in the New York Law Journal on September 20, 2004. Bill was a recent faculty member for the PLI seminar entitled "Negotiating Real Estate Deals 2011" in which he spoke on "Representing Lenders in a Changed Environment".

Bill received his J.D. from Fordham University School of Law and earned his B.A. from The Catholic University of America (summa cum laude, Phi Beta Kappa). Bill is admitted to practice in the States of New York and New Jersey, and in the District of Columbia.

Crowned the “Queen of the Skyscrapers” by the Wall Street Journal in 1997, Darcy Stacom has sold both the largest residential and office transaction in history. Ms. Stacom’s prolific resume is as diverse as to deal type as size, ranging from $2 million trust and estates dispositions to the $5.4 billion sale of Peter Cooper Stuyvesant Town for Metropolitan Life. In her career, she has completed over $50 billion in sales, financing, joint venture, leasehold and development transactions.

Ms. Stacom is a Vice Chairman and head of the Investment Properties group for CBRE’s New York Office. As the gateway to the global marketplace capital flows, the role is dynamic and ever-changing. In the last four years, Ms. Stacom has twice been the #1 Professional at CBRE globally, and twice the #1 Investment Professional globally. Last year, she won the Robert T. Lawrence Memorial Award from REBNY.

With over 29 years of real estate experience, Ms. Stacom’s expertise is often sought evidenced by her speaking engagements for numerous industry and educational organizations including Urban Land Institute, Harvard, New York University, Columbia, Wharton, AFIRE, Practising Law Institute and many others.


  • Governor of the Real Estate Board of New York (REBNY)
  • Investment Properties Institutional Group (Board Member)
  • Women’s Network of CBRE (Board Member)
  • Big Brothers and Big Sisters of New York
  • Cushman & Wakefield (Former Board Member)
  • Madison Square Boys & Girls Club (Former Board Member)
  • Nontraditional Employment for Women (Former Board Member)
  • Continuum Health Partners (Former Board Member)
  • Lincoln Center Real Estate (Former Council Member)

  • CBRE #1 Ranking Worldwide (2005, 2006, 2011)
  • Top 3 Worldwide (2007-2011)
  • Endurance of Spirit Award (2010)
  • REBNY's Robert T. Lawrence Memorial Award (2008)
  • REBNY's ESG Award (2010, 2011)
  • #1 Ranking Worldwide Investment Team (2007, 2008)
  • Colbert Coldwell Circle (2003-2011)
  • Cushman & Wakefield's Service Excellence Achievement Award (2001)
  • Cushman & Wakefield's Most Ingenious Deal of the Year Award (1990)

  • Lehigh University, Bethlehem, Pennsylvania; B.S. / Marketing