NEW YORK, September 06, 2022–(BUSINESS WIRE)–Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Richard Fries, Scott Stern and Neil Cohen have joined the firm as partners in the Real Estate, Energy, Land Use and Environment Practice Group At New York. They were most recently partners at Sidley Austin.
Fries, Stern and Cohen are well known in the legal, real estate and financial communities of New York and the country. They represent institutional lenders, investment banks and private equity firms in all aspects of real estate finance for all types of properties, with an emphasis on construction loans, syndicated loan transactions, distressed real estate developments and remedies.
“Richard, Scott and Neil have an industry-leading real estate finance practice,” said Jon Newby, vice president of Sheppard Mullin. “Their formidable reputation and vast experience will enhance both our growing New York office and our national real estate practice.”
Nancy Scull, Head of the Real Estate, Energy, Land Use and Environment Practice Group, added, “This group has been – and continues to be – at the forefront of real estate finance transactions and dynamic construction projects. and high profile, many of whom have helped shape and enrich the New York skyline.Their practice augments the firm’s considerable resources and strong reputation in real estate and finance.
Ed Tillinghast, Head of the Finance & Bankruptcy Practice Group, said, “These partners have a well-deserved reputation in sophisticated and challenging real estate workouts. Their expertise extends the company’s existing strength in property restructuring, property bankruptcy and workouts. I couldn’t be happier to have them join us, especially in this strategic and opportunistic time.”
Fries focuses his practice on a wide range of complex real estate financing and restructuring transactions, in which he represents domestic and global institutional lenders, investment banks and private equity firms. He has been involved in the financing, foreclosure and restructuring of permanent, construction, acquisition, bridge and mezzanine loans of all types, including agency and syndicated facilities, secured by office buildings, projects land development, healthcare complexes, hotels, mixed-use projects. , condominiums and rental apartments, shopping centers, franchises and car dealerships, among other real estate and commercial assets. Fries is particularly recognized for his work in major distressed commercial real estate loan restructurings and restructurings, mortgage foreclosure, sale of portfolios and distressed assets, creditors’ rights and insolvency. With a deep understanding of the “last day” of a defaulted loan restructuring, Fries has developed a unique practice in the market, including litigation to restructure real estate loans, projects and businesses. Fries received his JD from New York University Law School and his BA from Brooklyn College.
Stern represents institutional lenders, owner-developers and other lenders in commercial real estate lending transactions involving a variety of financing structures, including acquisition, takeover, construction and permanent financing. The assets affected by these transactions include vacant land, cooperative and condominium buildings, parking lots, shopping centers, mixed-use buildings, industrial warehouses, office buildings and hotels. He also represents lenders in connection with mezzanine loans and other types of asset-backed loans, and has experience in syndicated, agency and participating loan transactions, revolving credit facilities, swap, agreements between creditors and co-lenders and other structured finance transactions. In addition to his financing experience, Stern represents owners and developers in the acquisition, development, financing and sale of real estate and joint ventures. He got his JD, cum laudefrom the Benjamin N. Cardozo School of Law at Yeshiva University (where he was editor of the notes and commentaries of the Arts and Entertainment Law Review) and his BA from the University of Wisconsin.
Cohen is particularly focused on asset-based real estate lending transactions. He represents major institutional and commercial lenders in mortgage transactions involving acquisition and permanent financings, multi-state and multi-site portfolio financings, construction loan originations, franchise, mezzanine financing and loan participations and syndications. Properties involved in such transactions include office buildings, multi-family housing complexes, shopping malls, hotels and lodging properties, industrial and warehouse facilities, condominium and cooperative projects, restaurants fast food and gas stations. Cohen also advises clients in the purchase and sale of loans and debt instruments involving par loans and distressed debt and has been conducted as single loans, multiple loans and portfolio transactions. Cohen received his JD, with honorsfrom Hofstra University School of Law (where he was associate editor of the Hofstra Law Review) and his BAA, summa cum laudefrom Hofstra University.
About Sheppard Mullin’s Real Estate, Energy, Land and Environmental Practices Group
With more than 120 attorneys, Sheppard Mullin has one of the largest, most diverse and experienced real estate, energy, land and environmental practices of any AmLaw 100 firm. We represent builders, developers, investors, lenders, landlords, retailers, large property owners, non-profit organizations and local agencies in key markets in the United States and abroad. We leverage our breadth of experience, industry relationships and market knowledge to provide comprehensive advice and holistic solutions to meet our clients’ needs. Our lawyers work as a cohesive team with one goal: to help clients create value in an ever-changing environment.
About Sheppard, Mullin, Richter & Hampton LLP
Sheppard Mullin is a full-service AmLaw 100 firm with more than 1,000 attorneys in 16 offices located in the United States, Europe and Asia. Since 1927, industry-leading companies have turned to Sheppard Mullin to handle corporate and technology matters, high-stakes litigation and complex financial transactions. In the United States, the company’s customers include nearly half of the Fortune 100. For more information, please visit www.sheppardmullin.com.
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