Real Estate Team Jumps from Competitor to Pillsbury Winthrop Shaw Pittman

A five-lawyer real estate team, led by partners Marc Shapiro and Jill Block, are joining Pillsbury’s Real Estate practice in New York. They’re joining from Orrick, Herrington & Sutcliffe, whose New York real estate group was led by Shapiro and Block.

PRESS RELEASE:

A five-lawyer real estate team, led by partners Marc Shapiro and Jill Block, are joining Pillsbury’s Real Estate practice, bolstering the firm’s New York and national capabilities. The team joins Pillsbury from Orrick, Herrington & Sutcliffe, where Shapiro and Block led that firm’s New York real estate group.

“We are already seeing banking, private equity firms and hedge funds returning to the market and that movement will accelerate in the later half of 2011. Marc and Jill are joining us at a critical time in the real estate recovery.”

“Marc and Jill are strong additions to our firm. Pillsbury has a crisp industry focus on real estate with deeply talented attorneys and a practice well-positioned in the New York capital markets,” said Jim Rishwain, Pillsbury Firm Chair and a partner in the firm’s Real Estate practice. “Marc and Jill’s team are skilled practitioners operating at a high level and their clients align well with ours, both nationally and internationally. Though already Chambers-ranked in the DC, San Francisco and Los Angeles markets, expanding our New York real estate capabilities was and is a strategic priority. Marc and Jill complement our firmwide team and give our clients the New York real estate capabilities of a market-leading firm in this industry.”

Shapiro and Block’s team represents private equity investors, property owners, operators and lenders in complex purchase, sale and financing transactions. Their work extends to office, shopping center, industrial, multifamily and hospitality projects, including advising on more than 300 hospitality projects. In the past 25 years, they have closed in excess of 1,000 commercial real estate transactions in 50 states, with an aggregate deal volume of more than $15 billion. They also represent lenders and borrowers in real estate debt restructuring transactions, including structured asset dispositions and sales and acquisitions of single asset and portfolio debt in the secondary market.

Most recently, the team advised Alberta-based Triple Five Worldwide, owner of the famed Mall of America, on a redevelopment plan for the Xanadu entertainment and retail project in the New Jersey Meadowlands. Other clients include UBS, Wells Fargo, Cerberus, Hudson Realty Capital, JEMB Realty, Murray Hill Properties and Property Markets Group.

“Real estate is and will continue to be one of the four core industries Pillsbury has committed to serve, based on our vast knowledge of and long history advising in this sector,” said Washington DC partner John Engel, head of Pillsbury’s 50-member Real Estate practice. “Jill’s and Marc’s team will be a valuable resource for our real estate clients worldwide, and give us a strong real estate presence in the New York market.”

Engel adds that he believes the real estate market is now growth-oriented and represents an attractive and stable home for investment capital. “We are already seeing banking, private equity firms and hedge funds returning to the market and that movement will accelerate in the later half of 2011. Marc and Jill are joining us at a critical time in the real estate recovery.”

A graduate of New York University, Shapiro holds a JD from Syracuse University College of Law, where he was an Editor of the Syracuse Law Review. He is admitted to practice in New York and New Jersey. Block graduated from Clark University and received her JD from Brooklyn Law School, where she was an Editor of the Brooklyn Journal of International Law. She is admitted in New York. Both are members of the Real Estate Board of New York, the Mortgage Bankers Association and the International Council of Shopping Centers.

The other team members joining are counsel Susan Saslow and senior associates Jason Schlessel and Christine Roch.

Pillsbury has been a leader in real estate law for more than 50 years, with real estate attorneys in New York, Washington DC, Northern Virginia, Houston, San Diego, Los Angeles, San Francisco and recently expanded international real estate capabilities in London. Because of its size and geographic reach, Pillsbury’s Real Estate group can handle the full range of assignments, from multi-jurisdictional portfolio transactions and real estate and construction litigation to single-asset deals in local markets. Pillsbury’s clients span the globe and include developers, contractors, property owners, joint venturers, managers, investors, landlords and tenants, as well as lenders, borrowers, credit providers and enhancers, equity funds, non-profit sponsors, public entities, and institutions.

About Pillsbury

Pillsbury Winthrop Shaw Pittman LLP is a full-service law firm with market-leading strengths in the energy, financial services, real estate and technology sectors, and increasingly health care and education. Based in the world’s major financial and technology centers, Pillsbury counsels clients on global regulatory, litigation and corporate matters. We work in multidisciplinary teams that allow us to anticipate trends and bring a 360-degree perspective to complex business and legal issues—helping clients to take greater advantage of new opportunities and better mitigate risk. This collaborative work style helps produce the results our clients seek.