United States: Two Distinguished Real Estate Attorneys Join Piper Rudnick's Growing San Francisco Office
Last Updated: March 17 2004

Addition of Stephen A. Cowan and Caryl B. Welborn Extends Piper Rudnick’s Growing Real Estate Practice in California

San Francisco, MARCH 15, 2004 -- Piper Rudnick LLP, a leading national law firm, announced today that prominent real estate attorneys Stephen A. Cowan and Caryl B. Welborn are joining the firm’s San Francisco office. Mr. Cowan will head the Firm’s West Coast real estate practice. For many years Mr. Cowan had been the partner in charge of the San Francisco office of O’Melveny & Myers and head of their real estate department in San Francisco. Ms. Welborn, who had previously been a senior partner in the real estate department at Morrison & Foerster, returns to a large firm setting after eight years of heading a boutique real estate practice.

Mr. Cowan and Ms. Welborn are two of the most renowned real estate attorneys in the Bay Area and are well known nationally. Mr. Cowan’s real estate practice covers a broad range of commercial real estate and finance matters, with particular emphasis on real estate finance, workouts, bankruptcies and real estate fund formations. Ms. Welborn’s real estate practice includes all types of commercial real estate transactions with particular emphasis on acquisitions, dispositions, debt financing and joint venture structuring.

"We are thrilled to add Steve Cowan and Caryl Welborn to our team of talented attorneys in San Francisco," said Robb Scott, managing partner of Piper’s San Francisco office. "These individuals possess extraordinary real estate prowess that will complement and enhance the Firm’s national real estate practice. Adding attorneys of their stature demonstrates Piper’s commitment to the real estate practice and to California."

"I have been urging them to practice together for many years. Steve Cowan and Caryl Welborn are two of the most capable, business oriented and practical lawyers I have ever worked with. I am delighted that they will finally be working together as partners with a firm of such high quality and resources," said Kenneth A. Baber, President and CEO of Maier Siebel Baber, a division of U.S. Trust Company, N.A.

"Steve Cowan is one of the best practical real estate and bankruptcy lawyers I have worked with over the last 30 years. He is very client oriented and can easily handle the most complex transactions with focused intensity and creativity, He has been and will remain our "go to guy" for the truly important, high risk transactional work." said Harry N. Mixon, Vice President and Regional Counsel for the Prudential Insurance Company of America.

When asked why he is joining Piper Rudnick, Stephen Cowan responded, "Piper Rudnick’s real estate and finance practice is among the strongest and most established in the nation. The firm offers extensive and sophisticated resources that enable its lawyers to provide excellent cost effective service to clients. I am excited to work with so many outstanding lawyers who are focused on building the best real estate and finance group in the country. "

"After being away from a large firm for eight years, I am looking forward to the broader scope of clients and sophisticated matters available to a firm with Piper Rudnick’s extensive practice areas and capabilities," said Caryl Welborn. "Many of the finest real estate lawyers I know are with Piper Rudnick and the firm is uniquely committed to our practice area; this makes the firm the clear choice for me."

Expanding San Francisco Office, California Real Estate Practice

Today’s news of Mr. Cowan and Ms. Welborn comes on the heels of last week’s Piper Rudnick announcement of the arrivals of prominent San Francisco litigator Shand Stephens and attorneys Margaret Lund Parker and Elliot Hudson from Aon Corporation. In January, the firm entered the San Francisco market by merging with Steinhart & Falconer, a San Francisco-based law firm of 32 attorneys.

Demonstrating Piper Rudnick’s commitment to its West Coast real estate practice, in addition to Mr. Cowan and Ms. Welborn in San Francisco, Piper Rudnick recently attracted other top real estate attorneys in Los Angeles, including Michael Meyer, John Whitaker, Marshall Taylor, John Duffy and Jackie Park from Pillsbury Winthrop. These new additions join real estate partners Pamela Westhoff, Linda Bozung and Howard Parelskin in their Los Angeles office.

About the New Attorneys

Stephen Cowan is a highly regarded real estate attorney based in San Francisco with a national practice. He was previously a partner with O’Melveny & Myers. Cowan has nearly 34 years’ experience in a wide variety of commercial real estate transactions, including real estate acquisitions, dispositions, finance, bankruptcy, workouts, fund formations, joint ventures, REIT transactions, capital market transactions, credit bond transactions, construction and permanent loans, agricultural and timber finance and development, non-real estate single and multi-lender revolving credit and term loan agreements, and restructuring of U.S. real estate portfolios with complex intercreditor issues and configuration of bankruptcy remote vehicles.

He served as the Chair of the American Bar Association Real Property, Probate and Trust Section, 1995-6, Founder of the California State Bar Real Property Section in 1979, Initial Charter member and member of the Board of the American College of Real Estate Lawyers, and member of the Anglo American Real Property Institute and Lambda Alpha. He is listed in The Best Lawyers in America. He is a frequent lecturer and author in the field of real estate and bankruptcy matters.

Some of his transactions include:

  • Sale of the Embarcadero Center ($1.2 billion) in San Francisco
  • Construction financing for a gaming casino in Macau ($140 million)
  • Restructure of a mezzanine loan hotel portfolio ($350 million)
  • Disposition of an $80 million shopping center through a downREIT to a $4 billion public REIT
  • Sale of Delta Towers, a $500 million office complex in Century City, CA
  • Financing of the Pebble Beach golf course ($250 million)
  • Mr. Cowan received his B.A. (1965) and M.B.A. (1966) from University of California, Berkeley and his J.D. (1969) from Harvard.

Caryl Welborn has practiced law for nearly 28 years, with a national practice focusing on all types of commercial real estate transactions, including extensive work in partnership and limited liability company structuring, construction and permanent financing, acquisitions, dispositions and joint ventures, ground lease and alternative financing vehicles, leasing, development, debt and equity restructurings and workouts. She also currently sits on the board of directors of AMB Property Corporation (NYSE: AMB), an industrial REIT with over $5 billion of real estate assets, where she has been active for seven years, including as Chair of its Audit Committee.

Ms. Welborn is an author and a frequent lecturer at national real estate conferences and seminars on a wide variety of topics. Before running her own practice for the past 8 years, Ms. Welborn was a partner at Morrison & Foerster in its Real Estate Practice Group, where she held a number of leadership positions. A long-time member of the American College of Real Estate Lawyers, she served on its Board of Governors for many years and as president in 2001. She is a member of the Anglo American Real Property Institute and Lambda Alpha. She is listed in The Best Lawyers in America. Ms. Welborn chaired the Partnerships, Joint Ventures and Other Investment Vehicles Section of the American Bar Association Real Property, Probate and Trust Section. She received her A.B. (1972) from Stanford University and her J.D. (1976) from the University of California at Los Angeles.

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

 
Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Henry Lesser
By Jeffrey Shohet
By Lisa Prager, Joshua Holzer
By Barry Heller, John Dwyer
By John Tifford
By Steven Shimberg
By Dov Grunschlag
By Alisa Bergman
By John Veroneau
By John Veroneau, Katherine Mueller
Tools
Print
Font Size:
Translation
Channels
 
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).
 
Email Address
Company Name
Password
Confirm Password
Position
Mondaq Topics -- Select your Interests
 Accounting
 Anti-trust
 Commercial
 Compliance
 Consumer
 Criminal
 Employment
 Energy
 Environment
 Family
 Finance
 Government
 Healthcare
 Immigration
 Insolvency
 Insurance
 International
 IP
 Law Performance
 Law Practice
 Litigation
 Media & IT
 Privacy
 Real Estate
 Strategy
 Tax
 Technology
 Transport
 Wealth Mgt
Regions
Africa
Asia
Asia Pacific
Australasia
Canada
Caribbean
Europe
European Union
Latin America
Middle East
U.K.
United States
Worldwide Updates
Check to state you have read and
agree to our Terms and Conditions

Terms & Conditions and Privacy Statement

Mondaq.com (the Website) is owned and managed by Mondaq Ltd and as a user you are granted a non-exclusive, revocable license to access the Website under its terms and conditions of use. Your use of the Website constitutes your agreement to the following terms and conditions of use. Mondaq Ltd may terminate your use of the Website if you are in breach of these terms and conditions or if Mondaq Ltd decides to terminate your license of use for whatever reason.

Use of www.mondaq.com

You may use the Website but are required to register as a user if you wish to read the full text of the content and articles available (the Content). You may not modify, publish, transmit, transfer or sell, reproduce, create derivative works from, distribute, perform, link, display, or in any way exploit any of the Content, in whole or in part, except as expressly permitted in these terms & conditions or with the prior written consent of Mondaq Ltd. You may not use electronic or other means to extract details or information about Mondaq.com’s content, users or contributors in order to offer them any services or products which compete directly or indirectly with Mondaq Ltd’s services and products.

Disclaimer

Mondaq Ltd and/or its respective suppliers make no representations about the suitability of the information contained in the documents and related graphics published on this server for any purpose. All such documents and related graphics are provided "as is" without warranty of any kind. Mondaq Ltd and/or its respective suppliers hereby disclaim all warranties and conditions with regard to this information, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Mondaq Ltd and/or its respective suppliers be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortious action, arising out of or in connection with the use or performance of information available from this server.

The documents and related graphics published on this server could include technical inaccuracies or typographical errors. Changes are periodically added to the information herein. Mondaq Ltd and/or its respective suppliers may make improvements and/or changes in the product(s) and/or the program(s) described herein at any time.

Registration

Mondaq Ltd requires you to register and provide information that personally identifies you, including what sort of information you are interested in, for three primary purposes:

  • To allow you to personalize the Mondaq websites you are visiting.
  • To enable features such as password reminder, newsletter alerts, email a colleague, and linking from Mondaq (and its affiliate sites) to your website.
  • To produce demographic feedback for our information providers who provide information free for your use.

Mondaq (and its affiliate sites) do not sell or provide your details to third parties other than information providers. The reason we provide our information providers with this information is so that they can measure the response their articles are receiving and provide you with information about their products and services.

If you do not want us to provide your name and email address you may opt out by clicking here .

If you do not wish to receive any future announcements of products and services offered by Mondaq by clicking here .

Information Collection and Use

We require site users to register with Mondaq (and its affiliate sites) to view the free information on the site. We also collect information from our users at several different points on the websites: this is so that we can customise the sites according to individual usage, provide 'session-aware' functionality, and ensure that content is acquired and developed appropriately. This gives us an overall picture of our user profiles, which in turn shows to our Editorial Contributors the type of person they are reaching by posting articles on Mondaq (and its affiliate sites) – meaning more free content for registered users.

We are only able to provide the material on the Mondaq (and its affiliate sites) site free to site visitors because we can pass on information about the pages that users are viewing and the personal information users provide to us (e.g. email addresses) to reputable contributing firms such as law firms who author those pages. We do not sell or rent information to anyone else other than the authors of those pages, who may change from time to time. Should you wish us not to disclose your details to any of these parties, please tick the box above or tick the box marked "Opt out of Registration Information Disclosure" on the Your Profile page. We and our author organisations may only contact you via email or other means if you allow us to do so. Users can opt out of contact when they register on the site, or send an email to unsubscribe@mondaq.com with “no disclosure” in the subject heading

Mondaq News Alerts

In order to receive Mondaq News Alerts, users have to complete a separate registration form. This is a personalised service where users choose regions and topics of interest and we send it only to those users who have requested it. Users can stop receiving these Alerts by going to the Mondaq News Alerts page and deselecting all interest areas. In the same way users can amend their personal preferences to add or remove subject areas.

Cookies

A cookie is a small text file written to a user’s hard drive that contains an identifying user number. The cookies do not contain any personal information about users. We use the cookie so users do not have to log in every time they use the service and the cookie will automatically expire if you do not visit the Mondaq website (or its affiliate sites) for 12 months. We also use the cookie to personalise a user's experience of the site (for example to show information specific to a user's region). As the Mondaq sites are fully personalised and cookies are essential to its core technology the site will function unpredictably with browsers that do not support cookies - or where cookies are disabled (in these circumstances we advise you to attempt to locate the information you require elsewhere on the web). However if you are concerned about the presence of a Mondaq cookie on your machine you can also choose to expire the cookie immediately (remove it) by selecting the 'Log Off' menu option as the last thing you do when you use the site.

Some of our business partners may use cookies on our site (for example, advertisers). However, we have no access to or control over these cookies and we are not aware of any at present that do so.

Log Files

We use IP addresses to analyse trends, administer the site, track movement, and gather broad demographic information for aggregate use. IP addresses are not linked to personally identifiable information.

Links

This web site contains links to other sites. Please be aware that Mondaq (or its affiliate sites) are not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of these third party sites. This privacy statement applies solely to information collected by this Web site.

Surveys & Contests

From time-to-time our site requests information from users via surveys or contests. Participation in these surveys or contests is completely voluntary and the user therefore has a choice whether or not to disclose any information requested. Information requested may include contact information (such as name and delivery address), and demographic information (such as postcode, age level). Contact information will be used to notify the winners and award prizes. Survey information will be used for purposes of monitoring or improving the functionality of the site.

Mail-A-Friend

If a user elects to use our referral service for informing a friend about our site, we ask them for the friend’s name and email address. Mondaq stores this information and may contact the friend to invite them to register with Mondaq, but they will not be contacted more than once. The friend may contact Mondaq to request the removal of this information from our database.

Security

This website takes every reasonable precaution to protect our users’ information. When users submit sensitive information via the website, your information is protected using firewalls and other security technology. If you have any questions about the security at our website, you can send an email to webmaster@mondaq.com.

Correcting/Updating Personal Information

If a user’s personally identifiable information changes (such as postcode), or if a user no longer desires our service, we will endeavour to provide a way to correct, update or remove that user’s personal data provided to us. This can usually be done at the “Your Profile” page or by sending an email to EditorialAdvisor@mondaq.com.

Notification of Changes

If we decide to change our Terms & Conditions or Privacy Policy, we will post those changes on our site so our users are always aware of what information we collect, how we use it, and under what circumstances, if any, we disclose it. If at any point we decide to use personally identifiable information in a manner different from that stated at the time it was collected, we will notify users by way of an email. Users will have a choice as to whether or not we use their information in this different manner. We will use information in accordance with the privacy policy under which the information was collected.

How to contact Mondaq

You can contact us with comments or queries at enquiries@mondaq.com.

If for some reason you believe Mondaq Ltd. has not adhered to these principles, please notify us by e-mail at problems@mondaq.com and we will use commercially reasonable efforts to determine and correct the problem promptly.