Nossaman – Financial Close Reached on $1.1 Billion Presidio Parkway Project

The California Department of Transportation (“Caltrans”) announced today that, in cooperation with the San Francisco County Transportation Authority, financial close has been reached on the Presidio Parkway Project public-private partnership (“P3”). A Nossaman team, led by Barney Allison, advised Caltrans on the procurement, financing and contracts for the project. The $1.1 billion deal will be the first transportation P3 in California under the recently enacted P3 statute, Streets and Highways Code section 143, and only the third highway project developed through an availability payment structure.

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Tags:  Nossaman LLP | Los Angeles

DLA Piper Secures Significant Victory in the Second Circuit Clearing Path for Development of Major Marcellus Shale Gas Pipeline

DLA Piper secured a significant victory in the US Court of Appeals for the Second Circuit for Inergy, L.P. and its subsidiary Central New York Oil And Gas Company, L.L.C. (CNYOG) in an important case that clears the way for the development of the company’s $257 million Marcellus Shale gas pipeline project.

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Tags:  DLA Piper | New York

Patton Boggs Strengthens M&A, Capital Markets, Energy, Islamic Finance Capabilities with Additions in New York, Washington and Saudi Arabia

Patton Boggs LLP is strengthening its M&A, Capital Markets, Litigation, Energy and Islamic Finance practices with the addition of eight professionals formerly affiliated with Dewey & LeBoeuf. Five of these professionals will form a Patton Boggs affiliate office in Riyadh, Saudi Arabia, while two will be based in the firm’s Washington, D.C. office and one in New York.

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Tags:  Squire Patton Boggs | New York

Baker & McKenzie Advises On Acquisition Of One Of World’s Largest Bulk Storage Facilities

Leading global law firm Baker & McKenzie has acted for a consortium of three buyers – PGGM, APG Algemene Pensioen Groep (both Dutch pension funds) and an Australian superannuation investor, on the acquisition of 66.2% of the shares in Challenger LBC Terminal Jersey (LBC) from Challenger Infrastructure Fund for US$277.8 million. LBC is one of the world’s largest independent operators of tank storage facilities for Liquid Bulk Chemical products.

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Tags:  Baker McKenzie