Foley & Lardner LLP announced today that Joel C. Solomon has joined the firm’s Real Estate Practice as of counsel in the Chicago office. Prior to joining Foley, Solomon was general counsel with ST Residential, LLC.
Solomon has extensive experience in a wide range of real estate matters, including project development and management, work outs and restructuring, foreclosure, litigation and bankruptcy, and loan originations. In his previous position as chief legal officer of ST Residential, Solomon directed all legal issues stemming from the $4.5 billion public-private partnership between the Federal Deposit Insurance Corporation and a consortium of private equity investors, including Starwood Capital, TPG, Richard LeFrak and Richard Perry Capital. He managed more than 40 large commercial foreclosures and deed in lieu transactions, all legal matters for approximately 45 for sale condominium projects and all aspects of portfolio litigation, while also directing the company through multiple complex bankruptcies.
“Joel’s sophisticated knowledge of both the real estate and banking fields, gleaned from his many years serving as general counsel for companies, will provide our clients with unique and valuable perspective into a myriad of complex legal issues,” said Fred Ridley, national chair of the firm’s Real Estate Practice. “The depth and breadth of his experience complements our already talented team and will be instrumental in helping our clients navigate an industry with numerous challenges and opportunities.”