Bingham has expanded its real estate capabilities in New York with the addition of Fred Gallo as a partner in the firm’s Real Estate Practice Group.
Joining from the New York office of Katten Muchin Rosenman, Gallo concentrates his practice in the areas of real estate development, acquisitions, dispositions, preferred equity investments, joint ventures, and construction and mezzanine financing on behalf of both borrowers and lenders.
“Bingham’s real estate lawyers work with clients on some of the most sophisticated, high-profile and cutting-edge real estate transactions, financings and restructurings in the country,” said Richard Fries, a New York partner and co-leader of Bingham’s Real Estate Practice Group. “Fred enhances our real estate depth, experience and reputation in New York and nationally and is a strong addition to our practice.”
Bingham’s real estate lawyers have handled some of the largest transactions in the United States recently, including last year’s $520 million financing for the construction of the 1,238-unit Gotham West residential unit in New York and the $610 million sale of the 53 State St. office tower in Boston, which was the largest single office property sale in the United States in 2011.
“Fred’s experience in real estate financing, development and investment complements the services we provide to our clients and augments the depth of Bingham’s corporate platform in New York and across the country,” said partner Kenneth Lore, co-leader of Bingham’s Real Estate Practice Group.
Gallo’s arrival also continues Bingham’s investment in its New York office, added Robert Dombroff, New York office managing partner.
“We are committed to adding the right talent to benefit our clients across all our practices, and Fred’s experience will add to the high quality services that Bingham’s real estate and corporate clients receive,” Dombroff said.
Bingham’s broad practice range and strength of its corporate and real estate teams attracted Gallo to the firm.
“Bingham is a perfect fit for my practice,” Gallo said. “Lawyers in the real estate practice have a deep and multifaceted understanding of the marketplace and the issues facing our clients, particularly as the real estate market continues to rebound. Bingham’s real estate lawyers are widely known and admired, and I look forward to working with them to provide the best-possible services to our clients.”
Gallo’s clients include banks, insurance companies and other lenders, real estate investment trusts, developers, opportunity funds, and other investors who are involved in commercial real estate transactions throughout the United States, Mexico and the Caribbean. Gallo has extensive experience in loan workouts, enforcement proceedings, restructurings, the disposition of distressed real estate assets and commercial mortgage-backed securities financing transactions of all types.
