News: Brokerage

Kitay of Savanna named General Counsel of the Year at Lexology Global’s 12th annual Global Counsel Awards

Valerie Kitay, Savanna

Manhattan, NY According to Savanna, a New York City-based real estate investment manager, owner/operator and developer, its general counsel and chief compliance officer Valerie Kitay was named General Counsel of the Year at Lexology Global’s 12th annual Global Counsel Awards. The coveted award recognizes the best in-house lawyers worldwide across the full spectrum of in-house responsibilities. 

Kitay was recently honored at the annual gala event that celebrated the achievements of in-house counsel recognized by their peers as excelling in their chosen fields. This year’s event was attended by 300 senior lawyers from across the world, including in-house counsel from more than 100 companies. 

“We are extremely proud of Val and are honored to have her as a member of the Savanna family,” said Nick Bienstock, co-managing partner of Savanna. “Val’s expertise has been immensely valuable to our vertically integrated platform. This award speaks to her dedication and commitment to being the best in her field.”

Kitay joined Savanna as general counsel in 2015. She is responsible for providing and supervising all of Savanna’s legal activities, including ensuring that all investment vehicles and transactions are structured and documented appropriately, with particular attention to business objectives. She also provides legal support and guidance with respect to fundraising, investor relations and corporate governance matters. Additionally, Ms. Kitay serves as the firm’s Chief Compliance Officer.  

To identify the winners, the research team at Lexology conducted in-depth analysis of in-house lawyers and legal departments worldwide, receiving more than 4,000 nominations globally. Respondents were asked to focus on criteria such as effective communication, legal understanding, commercial awareness, depth and strength of team and management skills.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.