Steven Koppel, Aviva Yakren and Adam Verstandig of Sidley Austin
Steven Koppel, Aviva Yakren and Adam Verstandig of Sidley Austin (Courtesy photo)

A three-partner real estate team has left Jones Day for Sidley Austin in New York.

Sidley announced Tuesday its hire of Jones Day partners Steven Koppel, Aviva Yakren and Adam Verstandig, all of whom specialize in real estate finance.

“Adding such a talented and outstanding team of lawyers further strengthens our capabilities and solidifies our commitment to the continued expansion of our real estate practice in New York, nationally and globally,” said a statement by Alan Weil, a longtime leader of Sidley’s New York real estate group and co-head of its global real estate practice.

At Jones Day, Sidley’s three new hires represented financial institutions and equity investors on a variety of finance and private equity matters in the real estate sector across the United States and in Europe. Clients include financial services giants such as Capital One Financial Corp., JPMorgan Chase & Co. and The Goldman Sachs Group Inc.

“This was a chance to come and I think to help build one of the biggest real estate finance practices in the city,” Koppel said in an interview Wednesday. “We all have a real estate finance practice and an equity practice and it was those synergies [and] the ability to have more depth and more breadth for clients.”

Koppel, Yakren and Verstandig also have developed a niche practice in community development lending and equity, something they plan on continuing at Sidley, Koppel said.

“We’re very active in that space in New York representing financial institutions and we expect that to continue,” Koppel said.

In 2008, Koppel, Yakren and Verstandig joined Jones Day with more than a dozen other partners fleeing now-defunct Heller Ehrman. Koppel served as co-chair of the real estate practice at the former San Francisco-based Am Law 100 firm, which dissolved at the start of the financial crisis.

Koppel advised Goldman Sachs in 2012 on a pro bono program to provide assistance to small-business owners in the aftermath of Superstorm Sandy, as well as another initiative two years later expanding the Citi Bike program in New York.

In late 2015, Yakren was part of a large outside legal team assembled by private equity giant The Blackstone Group LP on its $5.3 billion acquisition of Stuyvesant Town-Peter Cooper Village, the largest apartment complex in Manhattan.

A three-partner real estate team has left Jones Day for Sidley Austin in New York .

Sidley announced Tuesday its hire of Jones Day partners Steven Koppel, Aviva Yakren and Adam Verstandig, all of whom specialize in real estate finance.

“Adding such a talented and outstanding team of lawyers further strengthens our capabilities and solidifies our commitment to the continued expansion of our real estate practice in New York , nationally and globally,” said a statement by Alan Weil, a longtime leader of Sidley’s New York real estate group and co-head of its global real estate practice.

At Jones Day , Sidley’s three new hires represented financial institutions and equity investors on a variety of finance and private equity matters in the real estate sector across the United States and in Europe. Clients include financial services giants such as Capital One Financial Corp. , JPMorgan Chase & Co. and The Goldman Sachs Group Inc.

“This was a chance to come and I think to help build one of the biggest real estate finance practices in the city,” Koppel said in an interview Wednesday. “We all have a real estate finance practice and an equity practice and it was those synergies [and] the ability to have more depth and more breadth for clients.”

Koppel, Yakren and Verstandig also have developed a niche practice in community development lending and equity, something they plan on continuing at Sidley, Koppel said.

“We’re very active in that space in New York representing financial institutions and we expect that to continue,” Koppel said.

In 2008, Koppel, Yakren and Verstandig joined Jones Day with more than a dozen other partners fleeing now-defunct Heller Ehrman. Koppel served as co-chair of the real estate practice at the former San Francisco-based Am Law 100 firm, which dissolved at the start of the financial crisis.

Koppel advised Goldman Sachs in 2012 on a pro bono program to provide assistance to small-business owners in the aftermath of Superstorm Sandy, as well as another initiative two years later expanding the Citi Bike program in New York .

In late 2015, Yakren was part of a large outside legal team assembled by private equity giant The Blackstone Group LP on its $5.3 billion acquisition of Stuyvesant Town-Peter Cooper Village, the largest apartment complex in Manhattan.