DLA Piper has announced that Jay Epstien, chair of the firm’s US real-estate practice and co-chair of the firm’s global real-estate practice, and Joseph Philip Forte, a partner in the firm’s real-estate practice in New York, have been recognised by Commercial Property Executive (CPE) in the publication’s ‘2013 Most Influential People in Real Estate’ feature.
The 30 people profiled in the feature were selected by the editors of CPE in recognition for being central to the comeback of the commercial real-estate industry following the recession and for driving growth and innovation in the industry today. Epstien and Forte were the only two attorneys recognised among the 30 executives.
In selecting Epstien, CPE reported that ‘he has been the driving force in building the US real-estate practice of DLA Piper’.
Epstien represents local and national owners, developers and users in all aspects of real-estate transactions involving urban office buildings, shopping centres and multi-family projects. He has been the lead lawyer on many office leases in Washington, DC, representing both landlords and tenants, including numerous law firms that have sought his counsel.
He has also represented major corporations, including the Bureau of National Affairs and Verizon, in corporate real-estate facilities matters throughout the US, involving major corporate relocations and the disposition of significant existing facilities.
CPE recognised Forte for his contribution to the real-estate finance sector’s development over the last four decades. He was also recognised for being involved early on in the development of the secondary and securitisation markets for real-estate mortgages.
Forte has substantial experience in real-estate finance with a particular emphasis on the origination, structuring, workout and enforcement of commercial mortgage loans for portfolios, syndication and securitisation. His experience includes permanent, bridge and construction mortgage lending; mezzanine finance; pari-passu and subordinate debt; co-lending and participation arrangements; loan sales and purchases; loan workouts, foreclosures and restructurings; and environmental risk management for lenders.
He regularly advises lenders and investors on mortgage banking, doing business, licensing, usury, federal pre-emption and investment authority, as well as secondary mortgage and capital markets issues.