Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Greenberg Traurig's Global Real Estate Practice Pivots to Help Clients Grow Amid Economic Headwinds in 2023


News provided by

Greenberg Traurig, LLP

Jan 10, 2024, 16:30 ET

Share this article

Share toX

Share this article

Share toX

Greenberg Traurig’s Global Real Estate Practice Pivots to Help Clients Grow Amid Economic Headwinds in 2023
Greenberg Traurig’s Global Real Estate Practice Pivots to Help Clients Grow Amid Economic Headwinds in 2023

Despite high interest rates and other headwinds that put pressure on asset valuations and deal flow, Greenberg Traurig's Global Real Estate Practice had a strong year in 2023, finding new ways to serve clients and help them grow amid the uncertainty.

NEW YORK, Jan. 10, 2024 /PRNewswire-PRWeb/ -- Despite high interest rates and other headwinds that put pressure on asset valuations and deal flow, Greenberg Traurig’s Global Real Estate Practice had a strong year in 2023, finding new ways to serve clients and help them grow amid the uncertainty.

Over the past year, the 700-attorney-strong real estate practice guided clients through major projects and transactions covering the spectrum of property asset classes, from transportation and digital infrastructure to sports stadiums, and growing niche sectors such as senior housing and student apartments in markets around the globe.

“Greenberg Traurig lawyers proved resilient and creative in 2023 as clients continually turned to us to help anticipate change, reduce risk, and adapt to new market conditions worldwide,” said Michael J. Baum, co-chair of the Global Real Estate Practice and senior vice president of the firm. “I am particularly proud of how our lawyers and staff worked together as a team and collaborated with the firm’s multidisciplinary practices locally and globally to navigate the challenges of the past year and deliver key successes for clients.”

The team saw significant client demand across a broad range of real estate transactions and matters, including asset management, fund formations, joint ventures, litigation, property development, infrastructure, and restructurings.

To enhance and diversify the practice’s capabilities, the team strengthened its legal bench in major U.S. markets, such as California, Florida, New York, and Texas, and expanded globally with new locations in Dubai, Riyadh, and Singapore.

“Our successful representations in 2023 ran the gamut from advising institutional asset owners and managers on strategic acquisitions and dispositions for their portfolios, to helping New York’s transit system expand and modernize,” said Stephen L. Rabinowitz, co-chair of the firm’s Global Real Estate Practice. “Today’s ever-evolving marketplace requires us to be more nimble in how we serve our clients, and time and again, Greenberg Traurig has answered the call, pivoting to help clients identify and seize new opportunities.”

In 2023, Greenberg Traurig’s real estate team counseled on a wide array of international and cross-border transactions, including assisting Wing Group and Griffin Capital Partners in the acquisition of a 60% stake in Berlin-based developer Bauwert AG and BlackRock in advising a joint venture between British Airways Pension Scheme and a Singaporean sovereign wealth fund to develop Tribeca King’s Cross, a £1 billion life sciences project in London.

“With offices in the United States, Latin America, Europe, the Middle East, and Asia, the firm is better positioned than ever before to provide holistic counsel to clients in a wide range of international and cross-border transactions,” said Christian Schede, co-chair of the Global Real Estate Practice and founding chairman of the firm’s office in Germany. “Our extensive global resources and capabilities, coupled with our uniquely collaborative culture, enable us to guide clients through each phase of a project’s life cycle and beyond, including all issues related to the flow and deployment of capital into real estate around the world.”

In 2023, the team handled notable transactions across the globe for major clients, including AIR Communities, Blackstone, Bridge Investment, Brookfield, Creation Equity, CBRE, Greystar, Cerberus, Invesco, Kayne Anderson, Kimco, Mast Capital, Related, Seagis, SL Green, Swire, Tishman Speyer, Walton Street, and Witkoff Group.

“Through the ups and downs of credit cycles and different market conditions, clients continue to rely on Greenberg Traurig to provide forward-looking legal counsel focused on their individual needs and objectives,” said Richard J. Giusto, co-chair of the firm’s Global Real Estate Practice. “As we begin 2024, we are optimistic and committed to helping our clients sustain and grow their businesses in a rapidly changing environment.”

Among the major transactions handled by Greenberg Traurig’s Global Real Estate Practice in 2023, the team represented:

  • Apartment Income REIT (AIR Communities) in a more than $1 billion joint venture transaction with a global institutional investor to recapitalize a 3,093-unit portfolio of 10 multifamily properties throughout the United States.
  • Cantor Fitzgerald Income Trust, Inc. (CFIT) in a $1.25 billion continuous follow-on public offering of common shares to invest in and manage a diversified portfolio of income-producing commercial properties and other real estate-related assets.
  • Erie County in a $1.54 billion deal with New York State and the Buffalo Bills to build a new football stadium in Buffalo, and the Metropolitan Government of Nashville and Davidson County in a historic agreement to build a new $2.1 billion stadium for the Tennessee Titans in Nashville.
  • Garbe Institutional Capital (GARBE) in its acquisition of GRR Real Estate Management GmbH (GRR), a leading platform for retail real estate focused on the food sector with about €2 billion in assets under management.
  • Greater Manchester Pension Fund in its strategic investment into Bruntwood SciTech, a dedicated life sciences property platform valued at circa £1.5 billion.
  • Heim Global in its first UK-focused residential fund with a hard cap of £1.25 billion.
  • Heitman LLC in a recapitalization and continuation of its German and Dutch residential fund valued at €500 million.
  • A joint venture between Creation and CrossHarbor Capital Partners in the land acquisition, development, equity and debt capitalization and ultimate sale of Airpark Logistics Center in Goodyear, Ariz. – the largest transaction involving a multi-building industrial business park in the state’s history.
  • A venture between Global Student Accommodations Group and Morgan Stanley in refinancing nearly $700 million of real estate debt encumbering 26 properties in three separate portfolios with three separate lenders.
  • Menora Mivtachim Group in joining with Cain International to acquire a £500 million student housing portfolio in the UK, supporting the delivery of nearly 2,400 student beds.
  • New York’s Metropolitan Transportation Authority in various real estate, development, construction, and regulatory matters related to the development of the $11 billion Grand Central Madison Terminal, the first major railroad terminal constructed in the U.S. in 67 years.
  • Pacific Life Insurance Company in its purchase of a 49.9% interest in two apartment buildings with 558 combined units in Washington D.C.’s Mount Vernon Triangle for $146.2 million.
  • Redwood CP Dev LLC in a ground lease from the City of North Miami, FL, for a $750 million mixed-use project, including up to 1,568 residential units, 180,000 square feet of retail and office space, and a redevelopment of the adjacent Claude Pepper Park and Community Center.
  • Related California in securing $690 million in construction financing for Tasman East, a residential development with more than 500 apartments and 191 units of senior housing in Santa Clara, CA.
  • Ryman Hospitality Properties in its $800 million acquisition of the JW Marriott San Antonio Hill Country Resort & Spa in Texas from Blackstone Real Estate Income Trust, Inc.
  • SL Green Realty Corp. in the sale of a 49.9% interest in Manhattan’s 245 Park Avenue office tower at a $2 billion valuation to Mori Trust, and in a $500 million refinancing loan for Manhattan’s 919 Third Avenue office tower.
  • Swire Properties with all hotel and residential management, branding and licensing agreements, as well as with all other structuring, phasing and related condominium, construction, land use and development matters, for a landmark redevelopment of the Mandarin Oriental on Miami’s Brickell Key.
  • Walton Street Capital, LLC in two of the largest industrial real estate transactions in Mexico’s history: the acquisition of Advance Real Estate, an industrial and logistics real estate development and operating company in México with a portfolio of 61 “Class A” industrial buildings comprising over 10.4 million square feet of gross leasable area and over 13.6 million square feet of land for industrial development, and the $662 million sale, together with real estate developer Finsa, of a 46-building industrial portfolio comprising 8.9 million square feet of total leasable space throughout México.
  • Workspace Property Trust in refinancing a $1.3 billion commercial mortgage-backed securities facility and restructuring of preferred equity associated with a portfolio of 10 million square feet of suburban office and industrial space.

About Greenberg Traurig's Global Real Estate Practice: The Greenberg Traurig Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm’s real estate attorneys deliver diversified and comprehensive counsel for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all asset classes of real estate. The team draws upon the knowledge and experience of more than 700 real estate lawyers from around the world, serving clients from key markets in the United States, Europe & the Middle East, Asia and Latin America. The group’s clientele includes a broad range of property developers, lenders, investment managers, private equity funds, REITs, and private owners. The firm’s real estate team advises clients on a variety of matters across a broad spectrum of commercial, recreational, and residential real estate, including structured equity and debt and the hybrids.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2650 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: http://www.gtlaw.com.

Media Contact

Amy Martinez, Greenberg Traurig, LLP, 305.579.7762, [email protected], www.gtlaw.com/en

Twitter

SOURCE Greenberg Traurig, LLP

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.