Hunton & Williams LLP Represents Owner of 70 Pine Street in $300M Construction Loan

NEW YORK — April 26, 2013 — Hunton & Williams LLP advised EBNB 70 Pine Owner LLC, a joint venture among affiliates of Eastbridge Sarl, Rose Associates and AG Insurance NV/SA, in connection with a $300 million construction loan with respect to 70 Pine Street, the former headquarters of AIG.

The venture is in the process of converting the landmark skyscraper to apartments.

The Hunton & Williams legal team was led by Carl F. Schwartz, chair of the New York real estate practice, partner Laurie A. Grasso in New York, and New York associate Matthew A. Scoville. Virginia-based partner Cameron N. Cosby provided counsel on tax issues.

The Hunton & Williams real estate practice group advises clients on matters involving the full spectrum of commercial, industrial, retail, multifamily, hospitality and mixed-use properties, as well as counseling global private equity, opportunity and hedge funds in all aspects of real estate investments.

The Rose Associates affiliate was represented by Peter Fisch and Karla Booth at Paul, Weiss, Rifkind, Wharton & Garrison. The AG Insurance affiliate was represented by a team led by Kevin O'Shea at Allen and Overy. Andrew Singer and Kathleen McSharry at The Singer & Bassuk Organization were construction loan brokers.

About Hunton & Williams LLP

Hunton & Williams LLP provides legal services to corporations, financial institutions, governments and individuals, as well as to a broad array of other entities. Since our establishment more than a century ago, Hunton & Williams has grown to more than 800 lawyers serving clients in 100 countries from 19 offices around the world. Our practice has a strong industry focus on real estate, energy, financial services and life sciences, and our experience extends to practice areas including bankruptcy and creditors' rights, commercial litigation, corporate transactions and securities law, intellectual property, international and government relations, regulatory law, products liability, and privacy and data security.