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In The Marketplace
GMAC Commercial Finance of Southfield, MI has announced that Richard Newman recently joined the company's Equipment Finance Division as vice president of the Capital Funding Group's project finance team, in Houston, TX. Newman, previously with Compass Bank, will now be responsible for managing the division's midstream efforts. Midstream is a term describing energy infrastructure assets such as pipelines, port facilities and small refineries as well as oil and gas gathering equipment.
Stevens & Lee of Philadelphia and Salomon Green & Ostrow of New York have jointly announced merger of their practices effective Jan. 1, 2005. Seven former Salomon Green & Ostrow lawyers, including Chester Salomon, David Green, Alec Ostrow, Nicholas Kajon, Walter Benzija, Jocelyn Keynes and Constantine Pourakis, and two paralegals and related staff, will join Stevens & Lee and will remain in the combined firm's New York City office at Salomon Green's former 485 Madison Avenue location. Salomon Green, a notable bankruptcy boutique firm, has made a reputation representing parties in reorganization and liquidation, trustees, examiners, creditors' committees, landlords, equipment lessors, litigants and asset purchasers in bankruptcy proceedings in the Southern and Eastern Districts of New York and throughout the country. Stevens & Lee is a full service firm with offices in Princeton and Cherry Hill, NJ; Philadelphia, Valley Forge, Reading, Lancaster, Harrisburg, the Lehigh Valley, Scranton and Wilkes-Barre, PA; Wilmington, DE; and now, New York City.
State Financial Services Corp. of Milwaukee has announced that it will acquire 80% of M2 Lease Funds LLC, a Madison, WI equipment lessor, for an undisclosed amount. M2 Lease Funds has a portfolio of about $27 million in printing equipment; marine-related equipment; telecommunications equipment; high-tech and biotech equipment; and construction, manufacturing and food-processing equipment. M2 founder John R. Engelbrecht will retain an ownership stake and continue to serve as CEO.
GMAC Commercial Finance of Southfield, MI has announced that Richard Newman recently joined the company's Equipment Finance Division as vice president of the Capital Funding Group's project finance team, in Houston, TX. Newman, previously with
State Financial Services Corp. of Milwaukee has announced that it will acquire 80% of M2 Lease Funds LLC, a Madison, WI equipment lessor, for an undisclosed amount. M2 Lease Funds has a portfolio of about $27 million in printing equipment; marine-related equipment; telecommunications equipment; high-tech and biotech equipment; and construction, manufacturing and food-processing equipment. M2 founder John R. Engelbrecht will retain an ownership stake and continue to serve as CEO.
'Huguenot LLC v. Megalith Capital Group Fund I, L.P.': A Tutorial On Contract Liability for Real Estate Purchasers
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
CoStar Wins Injunction for Breach-of-Contract Damages In CRE Database Access Lawsuit
Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.
The Power of Your Inner Circle: Turning Friends and Social Contacts Into Business Allies
Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.