Vivek Chavan, a pro actual estate accomplice primarily based in Northern California, has left Greenberg Traurig to enroll in DLA Piper.
Chavan started practicing inside the Bay Area in 2000 whilst he joined Morrison & Foerster’s Palo Alto workplace as an accomplice. He then left the San Francisco-founded firm in 2011 to join Greenberg Traurig as an accomplice in its Silicon Valley workplace.
With regard to becoming a member of DLA Piper, Chavan stated, “I desired to discover a company that became as excellent as Greenberg Traurig in phrases of actual estate, however, had a massive breadth [in] both California and international,” noting that he became particularly interested in DLA Piper’s international presence.
According to Chavan, numerous of his clients that have countrywide offerings have also grown the world over. DLA Piper’s platform offers the “functionality to help provide those clients on a countrywide base, but also introduce them the world over, retain to work with them and assist them to develop,” he explained.
Chavan represents clients in real property transactions, which include acquisitions, financings, improvement, and operation, and disposition of timberland, residential, business, and industrial real estate belongings.
In the almost decades operating in Northern California, he has labored with clients including Stockdale Capital, Baber Investment Group and AvalonBay Communities Inc.
Last yr, Chavan led a collection of Greenberg Traurig lawyers on a deal for consumer Campbell Global and its institutional traders, as Campbell offered 1.1 million acres of East Texas timberlands for about $1.39 billion to CatchMark Timber Trust Inc. And a collection of institutional traders.
“We are seeing a full-size quantity of foreign-sure investment into the United States within the commercial marketplace,” Chavan said, explaining that there has been an inflow of South Korean and Chinese investments in the U.S. Real estate market, specifically in California and Texas.
“So you have got each,” he brought. “You have clients here looking to pass outward, and you have clients right here trying to carry investments in from international [investors].”
In San Francisco, Chavan will paintings closely with associate Stephen Cowan, who serves as handling accomplice of the firm’s San Francisco workplace and co-chairman of its West Coast real property practice, and companion Jeffrey Diener, who the company hired in May from Paul Hastings. Diener formerly served as vice president of Paul Hastings’ San Francisco workplace.
DLA Piper, which noticed its sales soar through 7.7% to $2.84 billion final yr, has been making an investment heavily within the California legal market, wherein it has seven places and extra than 350 legal professionals, about one hundred sixty-five of whom are in Northern California.
A spokesman for Greenberg Traurig stated that the firm wishes Chavan well.