Otterbourg Expands Real Estate Practice

NEW YORK, February 25, 2014 – Otterbourg P.C. announced today that Oleg Sabel has joined the firm as a member of the firm in the real estate group. Mr. Sabel’s practice focuses on the buying, selling and financing of a range of properties, including multi-family residential complexes, office buildings, hotels, health care facilities and retail centers. He comes to the firm from Hogan Lovells.

Mr. Sabel’s expertise will complement Otterbourg’s banking and finance practice by enhancing the real estate services the firm provides to domestic and international banks, private equity firms, hedge funds and other clients, said Daniel Wallen, Otterbourg’s chairman.

“Oleg is a great lawyer with a strong general real estate practice that is a perfect fit for Otterbourg,” Wallen said. “Our clients will benefit from his guidance on real estate matters, and his clients will benefit from the guidance of our banking and finance partners. His move illustrates the opportunities that an established mid-sized firm like ours provides to big firm lawyers. We are excited to welcome Oleg to the firm.”

Sabel said he was drawn to Otterbourg by the firm’s entrepreneurial spirit and deep commitment to client service, and he is confident that the move will help him grow his practice.

“Otterbourg treats every client like its most important client and has a strong team concept that insures its clients benefit from all of the firm’s resources,” Sabel said. “Today, real estate companies and private equity firms are seeking mid-sized law firms that have the flexibility to grow with them as they expand their real estate investment portfolios. Joining Otterbourg gives me the opportunity to enter into this type of collaborative relationship with my clients.”

Mr. Sabel represents clients in a wide range of transactions including acquisitions, dispositions, financings, joint ventures and development transactions. He represents tenants in large leasing transactions, negotiates and drafts complex real estate joint venture agreements, and conducts and supervises due diligence projects in multi-jurisdictional transactions involving multiple assets. His clients include private equity firms, hedge funds, mezzanine funds, real estate investment trusts and various lenders. He earned a B.S. from Cornell University and a J.D. from Brooklyn Law School.

About Otterbourg P.C.

Otterbourg P.C. offers clients a unique combination of legal insight and practical solutions and is known for its integrity, stability and business knowledge.  The firm regularly represents clients in matters of national and international scope, including institutional lenders and creditors such as banks, asset-based lenders, hedge funds and private equity firms.  The firm’s practice includes domestic and cross-border financings, litigation and alternative dispute resolutions, restructuring and bankruptcy proceedings, mergers and acquisitions and other corporate transactions, real estate and trusts and estates.