Andrew J. Green, a real estate attorney, has joined Kelley Drye & Warren LLP as a partner, resident in the New York office. Mr. Green was previously a partner at Rosenman & Colin LLP (now the firm of Katten Muchin Rosenman LLP) and at Jones Day. He has extensive experience in real estate law, including securitized, syndicated and construction lending; acquisitions and dispositions; sale-leaseback transactions; restructurings and workouts; and net, office, retail and build-to-suit leasing.
He has represented several of the largest U.S. banks ranked by assets and other leading financial institutions, owners, developers, and corporate facilities groups, and has represented landlords and tenants in some of the largest office leases in New York, including multiple Manhattan and New York metropolitan area office leases in excess of one million square feet. He is also a leading practitioner in workouts and restructurings. Mr. Green was lead counsel to a major bank in a series of nationwide portfolio sale-leaseback transactions involving over 100 properties, containing more than 19 million square feet. He served as lead counsel to a leading syndicate of the three largest U.S. banks in a transaction designated “Deal of the Year” by Real Estate Investment & Finance. The $1 billion plus transaction at the time was the largest single-asset real estate transaction in New York history. Mr. Green was also lead real estate counsel to the acquiring bank in its acquisition of Washington Mutual from the FDIC, the largest transaction of its kind.
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Kelley Drye has elected John M. Herrmann II to partner and has promoted Jason R. Adams, Brian P. Foley, Dean E. Loventhal and John J. McDonald to special counsel.
John M. Herrmann II is a partner in the Washington, DC office, and a member of the International Trade and Customs practice group. In May 2009, he returned to Kelley Drye as a special counsel, following five years of service in the administration of President George W. Bush. Mr. Herrmann worked at the White House on the National Security Council staff, most recently as special assistant to the president and senior director for International Trade, Energy and Environment. He was responsible for advising the President on international trade and investments issues and international aspects of energy and environmental policy.
From 2004 to 2005, Mr. Herrmann was the senior advisor to the assistant secretary of commerce for import administration at the U.S. Department of Commerce.
Jason R. Adams is special counsel in the New York office, in the Bankruptcy and Restructuring practice group. Mr. Adams represents debtors, creditors and unsecured creditors’ committee in all aspects of bankruptcy proceedings. He regularly represents unsecured creditors’ committees in addition to individual creditors in connection with the termination and/or restructuring of client supply agreements, leases and other contractual relationships with debtor entities.
Brian P. Foley is special counsel in the Parsippany, New Jersey office in the Real Estate practice group. His practice focuses on real estate finance and the capital markets, particularly in representing institutional lenders and investment banks. He has extensive experience in the origination and securitization of commercial mortgage loans, mezzanine loans, preferred equity investments and related products as well as loan workouts and restructurings.
Dean E. Loventhal is special counsel in the Parsippany, New Jersey office in the Real Estate practice group. He works on the acquisition, disposition, financing and leasing of commercial real estate. Mr. Loventhal focuses on real estate finance and the capital markets in representing investment banks and other institutional lenders in the origination of commercial mortgage loans, mezzanine loans and related products, and the restructuring and work out of troubled loans and foreclosures.
John J. McDonald is special counsel in the Corporate and Private Equity practice groups, resident in the New York office. Mr. McDonald counsels clients on corporate transactional and general commercial matters, with an emphasis on representing private equity and venture capital investment firms and their portfolio companies. He regularly advises clients on leveraged buyouts, mergers and acquisitions, divestitures, recapitalizations, equity and debt financings, joint ventures, executive employment matters and equity incentive issues.
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Kelley Drye has been retained as counsel to the Official Committee of Unsecured Creditors of B+H Ocean Carriers, Ltd. and its affiliated Chapter 11 debtors. Partner Craig A. Wolfe and associate Benjamin Blaustein are handling this matter. B+H Ocean Carriers is the fifth maritime creditors’ committee engagement recently awarded to the firm. A Kelley Drye team led by Mr. Wolfe, who is the former head of a maritime company, has also represented the committees in Bender Shipbuilding & Repair Co., Inc. (Alabama), U.S. Shipping (New York), Derecktor Shipyards (Connecticut), and Hawaii Superferry (Delaware).
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On July 2, 2012, Kelley Drye client Airbus announced that it will build its first aircraft assembly line, in the United States, at the Brookley Aeroplex in Mobile, Alabama. The festive announcement, attended by more than 2,000 people, was held at the Mobile Convention Center, and the speakers included Fabrice Bregier, president of Airbus, Alabama Governor Robert Bentley, and U.S. Senators Richard Shelby and Jeff Sessions. The announcement received wide coverage in the U.S. and European media. Partner George J. Marchese, who led Kelley Drye’s efforts on behalf of Airbus, attended the announcement.
The company will initially assemble its popular 150-seat A-320 aircraft at a $600 million facility to be constructed at Brookley and will employ more than 1,000 production workers at full facility implementation. The economic impact study for the project estimated that almost 4,000 additional jobs will be created in the Mobile community in support of the project’s operations.
Kelley Drye represented Airbus in the negotiation and documentation of the site location and development agreement, and other related agreements, pursuant to which the State of Alabama, Mobile Airport Authority, City of Mobile and Mobile County have agreed to make a project site available at the Brookley Aeroplex for construction of the new facility, and to provide Airbus with required infrastructure, roadway and airport improvements, tax incentives and a cash grant of $82 million. Kelley Drye will continue to represent Airbus throughout the implementation stages of the project.