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Posted: June 23, 2015
Brummer of Stroock & Stroock: Led team on dev. of 266 units
Name: Diana Brummer
Title: Partner
Company Name: Stroock & Stroock & Lavan LLP
Years in Commercial Real Estate: 15 years in real estate industry, 9.5 years with the firm
Real Estate Associations/Organizations: Member of the programs committee of Commercial Real Estate Women (CREW) New York; participate in Real Estate Board of New York activities; member of the Association of the Bar of the City of New York; and speak regularly at Practising Law Institute programs.
What recent project or transaction are you most proud of?
Led a Stroock team representing fund advised by J.P. Morgan Investment Management Inc. in a joint venture with World Wide Group with respect to the development of a luxury tower at 250 East 57th St. and the related $450 million construction loan facility. The 715-foot Manhattan tower will have 65 stories with 266 residential units.
Led a Stroock team representing fund advised by J.P. Morgan Investment Management Inc., as borrower, regarding $800 million loan from a life company secured by 9 properties across 5 states. Portfolio included office, residential and retail properties; mortgages on each property were cross-defaulted.
Represented fund advised by J.P. Morgan Investment Management Inc., as majority equity investor, regarding formation of portfolio joint venture; acquisition of 3 office properties in Boston and Cambridge, Massachusetts; and closing of 3 acquisition financings and one loan defeasance. Properties were valued in excess of $1.5 billion dollars.
What recent honor, achievement or recognition has meant the most to you and why?
I have become a "go to" attorney for some of the biggest real estate investors in the United States.
* Named one of Real Estate New York's "Rising Stars" in the commercial real estate industry.
* Nationally recommended by The Legal 500 United States.
* Administrative partner of the real estate department at Stroock, with leadership responsibilities and involvement with other practices and offices.
* Co-founder and current Co-chair of Stroock's Women Attorneys Affinity Group.
* Member of Stroock's Pro Bono Committee; regularly represent not-for-profits pro bono on real estate-related activities; active in anti-human trafficking activities.
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