Former Kushner Firms Lawyer Enters Actual Property Authorized Shakeup

The previous senior lawyer on the family-owned actual property firm of Jared Kusher, son-in-law of former President Donald Trump, has a brand new job lower than a 12 months after stepping down as basic counsel.

Emily Wolf, who spent practically 4 years as authorized chief of Kushner Cos., is now authorized advisor to industrial actual property developer Stro Cos.

Stro has employed Wolf to interchange Mitchel Kay as in-house authorized counsel, Steven Millstein, co-founder and president of the Ridgewood, New Jersey-based firm mentioned through e-mail. He famous that he didn’t know the place Kay had determined to go when he left.

Wolf joins Stro as the corporate benefited of an industrial actual property increase in suburban markets like New Jersey. Industrial actual property costs rose 8.5% within the 12 months to October 2020, in comparison with 5.2% for retail and little change in workplaces, Bloomberg Information reported in December, citing Actual Capital Analytics Inc.

Kay spent greater than two years as basic counsel for Stro, in accordance with his LinkedIn profile. He left the corporate in January to take a authorized place with an undisclosed employer, in accordance with his profile on the skilled networking platform. Kay didn’t reply to a request for touch upon her new submit.

Wolf most not too long ago served as authorized counsel to BEB Capital LLC to actual property investor Bert Brodsky, who employed her on June 1. She didn’t reply to a request for touch upon her exit from BEB.

BEB introduced on February 25 that she recruited Andrew Levine for his new position as Normal Counsel. Levine is transferring to the Port Washington, NY-based actual property improvement and lending firm after practically two years as a senior advisor at Fried, Frank, Harris, Shriver & Jacobson in New York Metropolis.

A BEB spokesperson mentioned Levine formally joined the corporate on February 18, whereas Wolf’s departure date was January 26. BEB final 12 months referred to as on Keyvan Ghaytanchi, who predated Wolf as chief authorized officer, to develop into president of its new mortgage division.

In an e-mail, Levine advised Bloomberg Regulation that BEB could be his first actual in-house authorized position. Fried Frank employed him in 2019 from Natixis, a French monetary providers big the place Levine spent greater than 15 years, most not too long ago as Managing Director and Head of Portfolio Lending, a place on the company aspect.

Levine had beforehand been a accomplice at Katsky Korins, a New York-based legislation agency, after beginning his profession as a accomplice at Arnold & Porter Kaye Scholer. “My background in actual property finance will assist construct BEB’s new lending platform,” mentioned Levine.

As for Kushner Cos., He enlisted Christopher Smith, former basic counsel and managing director of New York-based East Finish Capital Administration Inc., to be its chief authorized officer following Wolf’s departure final 12 months.

Inside investments

Wolf, Levine and Kay are the most recent in a collection of actual property attorneys on the transfer within the company world. Notable appointments embody:

  • Opa-locka Group Improvement Corp., a South Florida nonprofit actual property improvement group, employed Miami-based DLA Piper litigation accomplice Lida Rodriguez-Taseff in January as authorized director and secretary. basic. Rodriguez-Taseff, who has been lively for a very long time in the neighborhood of Opa-locka, Florida, a predominantly black neighborhood in Miami-Dade County, has beforehand represented the OLCDC in court docket. She joined DLA Piper in 2018 from Duane Morris.
  • CRG, the Saint-Louis-based non-public actual property funding and improvement arm of Chicago-based building firm Clayco Inc., introduced on January 12 its hiring of Jennifer Nichols as basic counsel. Nichols joins CRG after leaving Harsch Funding Properties LLC, a family-run business actual property investor based mostly in Portland, Oregon. the place she spent virtually two years as vp and basic counsel.
  • Saxum Actual Property Options LLC, an actual property non-public fairness funding and improvement agency based mostly in Summit, New Jersey, has employed Lee Samuelson, Associate at Holland & Knight, New York, as Authorized Counsel and Head of compliance in October. Samuelson confirmed by e-mail that he had changed former Saxum authorized chief Michael Ochs, who has returned to personal observe.
  • That very same month, Zain Naqvi joined Crimson Financial institution, New Jersey-based actual property non-public fairness agency First Nationwide Realty Companions LLC, as authorized counsel. Naqvi, who handles acquisitions, financing, leasing and gross sales in his new position, had beforehand been a accomplice at Wilentz, Goldman & Spitzer in Woodbridge, NJ FNRP is presently seeking to rent an affiliate basic counsel for leasing.
  • Franklin Mountain Investments Ltd., an actual property non-public fairness agency based mostly in El Paso, Texas, additionally introduced in October the hiring of Yolanda Giner as basic counsel. Giner joined Franklin Mountain after being a accomplice in actual property and authorities legislation at Gordon, Davis, Johnson & Shane of El Paso.

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