Crain’s Detroit Business reported that New York-based investor 601W Companies closed on the $177.5 million purchase of the Southfield Town Center, the second largest office complex in metro Detroit. The company plans to spend approximately up to $50 million on renovations at the 2.2 million-square-foot office complex which consists of five towers. Warren Gleicher, Martin Cooper and Shirlee Gordon represented 601W Companies as co-counsel in charge of overall deal structure, the tenants-in common agreement between the owners and the income tax consequences thereof.
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Global legal practice Norton Rose Fulbright has advised JP Morgan Cazenove and J&E Davy as joint bookrunners on the €399.8 million placing and open offer of shares of Irish property investment company, Green REIT plc (Green REIT).
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Hogan Lovells today announces that a Corporate and Tax team advised American Homes 4 Rent, the nation’s largest publicly traded real estate investment trust (REIT) focusing on single-family rental homes, in its underwritten public offering of 5.50% Series C Participating Preferred Shares. The offering, and a concurrent private placement, raised total gross proceeds of approximately US$190 million, before deducting underwriting discounts and estimated offering expenses. More >>
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Cahill represented the joint book-running managers in connection with the public offering of 12,000,000 shares of Common Stock of Burlington Stores, Inc. (NYSE: BURL), resulting in gross proceeds of $309,000,000. The selling stockholders received all of the proceeds of the sale.
Tags: Cahill Gordon & Reindel LLP
A global team comprised of partners, counsel and associates from Canada, UKMEA and the US closed a US$210 million senior secured credit facility for an affiliate of Apollo Commercial Real Estate Finance, Inc., relating to a portfolio consisting of high-end and luxury condos, homes and apartments. This five-year deal includes 229 properties and is secured by both real property and equity pledges from sponsors across 10 US states, as well as Canada, the UK, Turks and Caicos, the Bahamas, Costa Rica, Mexico, Grand Cayman and the British Virgin Islands. This global portfolio is available for short-term rental by individuals who purchase memberships starting at US$150,000 plus annual fees to stay in luxury locations around the world. More >>
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Allen & Overy LLP has advised Bayer AG and Bayer World Investments B.V. with regard to a syndicated loan provided by Bank of America, N.A., BNP Paribas and Mizuho Bank, Ltd., bridging the financing of the acquisition of Merck & Co. Inc.’s consumer care business by Bayer AG for a purchase price of USD 14.2 bn. (EUR 10.4 bn.). More >>
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Squire Sanders represented lifestyle apparel brand prAna Living LLC in its sale to Columbia Sports Company, an innovator in the global outdoor apparel, footwear, accessories, and equipment industries. prAna will join Columbia’s stable of sports apparel brands, including Columbia, Mountain Hardwear, Sorel, and Montrail. The deal is valued at approximately US$195 million. prAna has been controlled by its majority owner, Steelpoint Capital Partners, also a Squire Sanders client. More >>
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