Seyfarth Leads Top Deals for Real Estate Industry in the Third Quarter of 2014

Seyfarth Shaw LLP was involved in three of the top ten largest single-property office transactions and one of the largest single-property retail transactions in the third quarter of 2014, according to the latest rankings from Real Estate Alert.

With a combined value of more than $1 billion, Seyfarth’s involvement included:

Large Single-Property Office Buildings Transactions

• No. 3 – Represented TIAA-CREF and its joint venture with Norges Bank Investment Management to purchase the Orrick Building in San Francisco from GE Capital and Langley for $390 million. The acquisition included the assumption of the existing $110 million MetLife mortgage loan.
   
• No. 5 – Represented Master Servicer in connection with the assumption of a first mortgage loan by an affiliate of Deutsche Asset & Wealth simultaneously with its purchase of 222 Broadway in New York from an affiliate of Beacon Capital for $476.9 million.
   
• No. 7– Represented lender in relation to Paramount Group’s purchase of 50 Beale Street in San Francisco from Mitsubishi Estate and Rockefeller for $395 million.

Large Single-Property Retail Transactions

• No. 6 – Represented a joint venture between JP Morgan and Bayer Properties in its sale of Front Range Village in Fort Collins, Colorado to Ramco-Gershenson Properties for $128.3 million.