Sullivan & Worcester Adds Two Real Estate Finance Partners in New York to Bolster Nationally Known Real Estate and REIT Practice
New York, NY, November 16, 2017 – International law firm Sullivan & Worcester LLP today announced that Joseph Philip Forte and Barbara J. Shachnow have joined the firm as partners in S&W’s Real Estate Group in New York. Formerly partners at Kelley Drye, Forte and Shachnow bring significant experience in all aspects of real estate finance and will bolster the firm’s real estate capabilities nationwide.
“With decades of significant experience between them, the addition of Joe and Barbara demonstrates that we are committed to growing our real estate practice across our platform,” said John Balboni, co-chair of the Real Estate Debt and Equity practice group. “Moreover, they bring a level of sophistication, technical skill and thought leadership that will benefit the firm and our clients. We are thrilled to have Joe and Barbara join our team.”
Forte will serve as chair of the S&W New York Real Estate Department. He focuses his practice on origination, structuring, workouts and enforcement of commercial mortgage loans. Over the last 40 years, he has been recognized as being at the forefront of key developments and innovations in the real estate finance industry, including involvement at the advent of commercial mortgage-backed securitization and continues to be sought out as an authority in the industry. Forte advises institutional lending clients on a wide array of financing matters, including permanent, bridge and construction mortgage lending; mezzanine finance; pari passu and subordinate debt; and environmental risk management for lenders, as well as regulatory matters affecting commercial property finance.
“With a 40-year history in the New York area, Sullivan & Worcester is extremely well connected to the city’s business community and highly regarded nationally,” Forte said. “S&W has longstanding relationships with leading national financial institutions and banks, providing a platform rich with opportunity to offer a wide range of services to clients. I am looking forward to working with the S&W leadership to mold and continue to build upon the firm’s existing New York practice, drawing on my many years of experience leading a national real estate finance practice group.”
With more than three decades as a practicing real estate attorney, Shachnow advises investment and commercial banks, institutional real estate investors, insurance companies, REITS and real estate private equity funds with financing and investment in all asset classes of commercial real estate. She focuses her practice on real estate structured finance, mortgage and mezzanine lending, construction lending, preferred equity investments and joint venture transactions.
“I have had the good fortune to work in the past with a number of attorneys in Sullivan & Worcester’s real estate group and have been consistently impressed with the skillful and sophisticated work they are doing,” Shachnow said. “The firm’s broad based real estate platform offers incredible opportunities to grow our practice and service existing clients. I’m excited at the prospect of working with this talented group of attorneys.”
“We are always on the lookout for top-tier talent,” said Sullivan & Worcester Managing Partner Joel Carpenter. “Joe and Barbara bring decades of experience with the risks and issues facing our clients in the changing real estate finance market and will greatly enhance our offerings for both existing and potential clients.”
Sullivan & Worcester’s Real Estate Group represents companies on all aspects real estate debt and equity investment, including transactional matters, development, finance, leasing, zoning and permit issues, environmental compliance, workouts and REITS. The group offers counsel to owners, developers, investors, lenders and tenants across a wide array of industry sectors, including office, retail, industrial, senior living, multi-family housing, health care, hospitality and hotels, and biotechnology.
About Sullivan & Worcester
Sullivan & Worcester is a leading law firm advising clients ranging from Fortune 500 companies to emerging businesses. With 175 lawyers in Boston, London, New York, Tel Aviv and Washington, D.C., the firm offers services in a wide range of areas, including corporate finance, banking, trade finance, securities and mutual funds, litigation and dispute resolution, mergers and acquisitions, tax, real estate and REITs, private equity and venture capital, bankruptcy, environment and natural resources, climate change, renewable energy and water resources, regulatory law, and employment and benefits law.
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