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McDermott Picks Up Real Estate Group As It Looks to Grow in N.Y.

May 10, 2022, 10:00 AM

McDermott Will & Emery is picking up a four-partner group for its real estate practice, poaching from Orrick Herrington & Sutcliffe and other competitors.

Marshall Brozost, the former head of Orrick’s New York real estate practice, is joining McDermott in Manhattan, the firm said Tuesday. Orrick partner Alykhan ‘Aly’ Shivji and Morrison & Foerster’s Billy Hildbold are also joining McDermott’s New York office, while Kirkland & Ellis partner Justin Bender is joining the firm in Chicago.

McDermott, whose gross revenue jumped more than 20% to $1.67 billion in 2021, is looking to continue to expand its transactional practice. The firm is also growing its New York office, now located in One Vanderbilt in Midtown Manhattan.

“New York is probably our number one expansion office,” said Harris Siskind, global head of McDermott’s transactions practice. He said the firm is focusing specifically on real estate lawyers and expects to have another addition soon.

Brozost, previously a partner at Schulte Roth & Zabel and Dewey & LeBoeuf, represents institutional and private equity investors in complex real estate transactions. His clients have included State Street Global Advisors, Phoenix Realty Group, Arel Capital and the Praedium Group.

Shivji, wh advises on all aspects of commercial real estate investment, represented Cerberus Capital Management and Chatham Lodging Trust in connection with the $1.3 billion sale of the Innkeepers hotel portfolio. Hildbold works with client in complex commercial real estate transactions and has represented financial institutions in high-profile transactions for developments, including projects in NYC’s Hudson Yards, Columbus Circle, and St. John’s Terminal.

Bender represented Starwood Capital Group in its $5.37 billion deal to purchase more than 23,000 apartments. He advised real estate investment trust Ventas in its acquisition of the life sciences and medical real estate assets of Wexford Science & Technology LLC for $1.5 billion.

Bender reunites with former Kirkland colleague David Wolff, who jumped to McDermott a year ago and now heads its Chicago real estate practice.

McDermott’s real estate practice has an equity focus—representing developers and others who take equity positions in real estate projects—and a real estate finance focus, Siskind said.

“We have seen an expansion of that activity for us and so we think it’s a strength of ours and adding more people that have that focus, I think, just continues on that growth path,” he said.

To contact the reporter on this story: Meghan Tribe in New York at mtribe@bloomberglaw.com

To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.com