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Allen & Overy aid in the consolidation of a Euro 500 million real estate portfolio
Allen & Overy has successfully counseled a leading corporate group comprising some well-known international entities in the purchase of the real estate portfolio of VHS.
The consortium includes Breevast, a multi-national company involved in property investment and development in the Netherlands and North America, and FGH, a specialized commercial real estate bank almost exclusively active in the Netherlands.
VHS, which is going public-to-private, held the real estate portfolio, which is valued at nearly Euro 500 million, along with its subsidiary companies. The deal was handled by the Dutch partner of Allen & Overy who claim consolidation of real estate portfolios is an emerging trend. As an international legal practice in 25 major markets worldwide, Allen & Overy is well-equipped to play a major role in such deals.
Splitsville for two founders of Newburgh law firm
Two founders of Drake, Sommers, Loeb, Tarshis & Catania, one of the largest general practices in the Hudson Valley, have departed from the firm.
Richard Drake and James Loeb have left with five other partners from the firm and formed their own practice. The new firm comprises nine attorneys and a support staff of 12.
Drake, Sommers, Loeb, Tarshis & Catania is now to be known as Tarshis, Catania, Liberth, Mahon & Milligram, PLLC. The Newburgh law firm continues to provide legal representation to clients in a wide variety of commercial and litigation matters. It beefed up its ranks with the addition of Jason D. Minard, an associate attorney who recently graduated at the top of his class from the University of Miami School of Law.