THE US-ISRAEL LEGAL REVIEW 2019

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44 The US-Israel Legal Review 2019
US: REAL ESTATE
This survey observed a dramatic shift. China
dropped to eighth place, with Canada landing on
top and the Gulf countries, Singapore, South Korea,
Germany, Israel and Norway all moving ahead.
Canadian investors are increasingly taking large
stakes in US real estate, such as the recent joint
venture between Ivanhoe Cambridge and Oxford
Properties that acquired the Brookfield-sponsored
real estate fund’s industrial portfolio, and Toronto-
based Brookfield’s acquisition of Cleveland-based
Forest City Realty Trust with a portfolio of office
space, warehousing, life sciences and multi-family
units in major US cities, including New York, San
Francisco and Washington DC.On the broader global front, despite continued
concerns about Brexit, Londonwas identified as the
international city most attractive for investment
during the next 12 months. Berlin, Frankfurt, Hong
Kong and Sydney were also highly ranked. This is
similar to the last DLA Piper survey, with four of
the top five cities holding steady and Hong Kong
displacing Paris.A compl
Estate Ann
available at
global/surv
ABOUT THE AUTHOR
Jay Epstien represents local and national owners,
developers and users in all aspects of real estate
transactions involving urban office buildings,
shopping centers and mixed use projects.Hehasbeen the lead lawyer onmanyof the largest
office leases in Washington, DC, representing both
landlords and tenants, includingnumerous lawfirms
that have sought his counsel. He has represented
major corporations in corporate real estate facilities
matters throughout the United States, involving
corporate relocations and disposition of significant
existing facilities.Jay co-chairs the Global Real Estate sector. In
addition, he is a fellow of the American College
of Real Estate Lawyers, currently serving as
Immediate Past President, and a member of the
Anglo American Real Property Institute.He is a senior member of the DLA Piper Israel
Group and co-hosts DLA Piper’s annual Israel Real
EstateSummit inTel Aviv,which is in its seventhyear.
The event brings together major Israeli institutions
active in the global real estate markets, leading real
estate professionals from around the world and DLA
Piper partners from the profiled regions.Our Israel Country Group has a dedicated team
strategically located in Israel with the knowledge,
business alliances, technical skills, language
capabilities and in-depth understanding of the
Israeli business culture, ecosystemand procedures.We provide a wide range of innovative legal
services to Israeli companies, investors and
entrepreneurs in support of their global activities,
as well as companies throughout the world seeking
opportunities within Israel. We work closely with
DLA Piper colleagues in our worldwide offices to
offer Israeli clients a full range of business legal
experience in over 65 countries and 85 cities
and can assist multinational clients with local
Israeli legal requirements in collaboration with
the leading Israeli laws firms with whom we have
strong working relationships.We actively represent 50+ Israeli investors and
companies every month (over 200 since we started
the practice ten years ago) – from startups to some
of Israel’s largest corporations – in connection
with their activities requiring legal counsel across
the globe, including transactional, commercial,
regulatory, intellectual property, employment,
litigation and tax issues.
NOTES1. “2018 Sets Record for Global Investment, Driven by Strong U.S.
Market,” CBRE Global Market Flash, January 31, 2019
2. “US stocks having best January in 30 years,” Fortune, February
1, 2018 3. “Instant View: Fed holds rates steady,” Reuters, January 30, 2018
4. “Mobile commerce is on the rise in the US and it already accounts
for most sales in several other countries,” Business Insider,
January 4, 2019
5. “Industrial Warehouses: Riding the ‘Last Mile’?” GlobeSt., June
29, 2018