October 12, 2012 – Mario A. Iglesias recently joined the Fort Lauderdale office of GrayRobinson, P.A. as a shareholder. Iglesias brings nearly 30 years of legal experience representing national and international banks, commercial developers and individuals in matters involving banking and lending, real estate development and title services.
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Simpson Thacher represented The Blackstone Group L.P. (“Blackstone”) in the establishment of its seventh global opportunistic real estate fund, Blackstone Real Estate Partners VII L.P. (“BREP VII”). Blackstone has announced that BREP VII raised approximately $13.3 billion of total commitments from more than 250 investors globally and that BREP VII is the largest opportunistic real estate private equity fund ever raised.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher represented the underwriters, led by joint bookrunners, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC, in the initial public offering by Realogy Holdings Corp. (“Realogy”) of an aggregate of 40,000,000 shares of its common stock. Realogy also granted the underwriters a 30-day option to purchase up to an additional 6,000,000 shares to cover over-allotments, which was exercised in full on October 11, 2012. The offering is the largest real estate offering ever and it priced at $27.00 per share, which was the top of the indicative price range. The offering raised aggregate net proceeds of approximately $1.2 billion. Realogy’s common stock is listed on The New York Stock Exchange under the symbol “RLGY” and opened for trading on October 11, 2012. Realogy intends to use the net proceeds of the offering, together with cash on hand, primarily to repay outstanding indebtedness.
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Morrison & Foerster is pleased to announce that David Bresnick will join the firm’s London office as a partner in the Corporate practice. Mr. Bresnick represents technology and telecom companies in mergers and acquisitions, corporate finance, private equity investments and related matters.
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Corrs Chambers Westgarth has appointed foremost planning and development specialist, Michael Leong, as a partner in its Planning, Environmental and Local Government (PELG) practice. He will be based in Brisbane.
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Global law firm White & Case LLP has advised Areim, a Stockholm based real estate fund manager and advisory firm, on the structuring, establishment and initial closing of its second real estate fund, Areim Fund II, a Swedish focused private equity real estate fund.
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DLA Piper has announced the hire of Michael Bosco as a partner in its Corporate practice. Michael will head DLA Piper’s Equity Capital Markets practice in Italy, as well as coordinate the firm’s US practice across the Mediterranean basin. Michael arrives from Shearman & Sterling, where he has spent his entire career to date.
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Herbert Smith Freehills today announced the appointment of Jun Bautista to its international arbitration group. Qualified in New York and the Philippines, he will join the firm’s Hong Kong international arbitration team as a registered foreign lawyer.
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Clifford Chance’s Dubai Office has advised the joint lead managers on the update by First Gulf Bank PJSC (FGB) of its US$3.5 billion Euro Medium Term Note Programme (Programme) and the Issuance by FGB under the Programme of London Stock Exchange-listed US$650 million 2.682%. Notes due 2017 (Issuance).
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International law firm Norton Rose has announced that Andrew Lucas joins the Bangkok office as a partner in the corporate team.
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