Name: Diana Brummer
Title: Partner
Firm: Stroock & Stroock & Lavan LLP
180 Maiden Lane
New York, NY 10038-4982
Telephone: 212-806-5441
Email:
[email protected]
URL: www.stroock.com
Years with firm: 6.5
Years in field: 13
Years in real estate industry: 12
I concentrate in a broad range of commercial real estate transactions, with particular emphasis on acquisitions, developments, joint ventures, leasing, and more recently, loan workouts and equity restructurings. I have significant experience in public-private real estate partnerships, including as part of the Stroock team that worked with the Mets in successfully negotiating the leasing, construction and financing of the new ballpark.
Counsels her clients on all aspects of managing distressed real estate assets. Represents a wide variety of client types, including pension funds, private real estate funds and public and private REITs, as well as their investment advisors.
Brummer is a member of the sponsorship committee of AREW; member of Association of the Bar of the City of New York; and participates in REBNY activities.
What was your most notable project, deal or transaction in 2010?
In 2010, I successfully negotiated and documented the work-out of over $650 million of constructions loans on a two-phase condominium project in which many condominium unit buyers had refused to close on sales and, as a result, forfeited their deposits. In addition to the loan work-out, the transaction involved re-negotiating certain rights of the four equity partners that comprise the borrower, in order to reflect a long-term strategy for owning a substantial number of units.
How do you contribute to your company and/or the industry?
At Stroock, I helped establish and currently co-chair the Women Transactional Attorneys affinity group. The group's purpose is to support women transactional attorneys in both the firm's corporate and real estate departments, and through this support, foster even greater diversity at Stroock. Some of the events that our group has hosted include a panel of senior women partners discussing how to survive and thrive in a downturn and a wine tasting featuring wines from women vintners. In the real estate industry, I am actively involved with the Association of Real Estate Women, including as a member of its sponsorship committee.