May 25, 2021 at 12:08 PM
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Ed. note: A version of this column originally appeared on Original Jurisdiction, the latest Substack publication from David Lat. You can learn more about Original Jurisdiction on its About page, and you can subscribe through this signup page.
By now we all know the story of how the Am Law 100 fared in 2020. Contrary to what many of us predicted, the Am Law 100, the nation’s 100 largest law firms by revenue, hit new highs in terms of gross revenue, revenue per lawyer, and profits per equity partner. For Biglaw, last year was a very, very good year.
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According to a release, Hartford, Connecticut-based Hartford Investment Management Co. provided the loan.
Albion Residential paid $15.5 million for the 1.3-acre property, which has a 645 Division St. address and is notable for its elevation just east of Eighth Avenue. A late-2022 finish is eyed. (See more images
The building will include studios, one-, two- and three- bedroom residences. It will feature an exterior plaza and rooftop pool as well as a “comedy club” that will double as a karaoke venue. Other amenities will include a coffee shop, an indoor dog run and spa, a poolside tiki bar, an indoor/outdoor fitness facility, golf putting greens and a golf simulation room, and 10,000 square dedicated sharable workspace.