Elizabeth K. McCloy

Elizabeth K. McCloy

Partner, Sidley Austin LLP

LIZ MCCLOY is a partner in the Chicago office of Sidley Austin, LLP.  She has more than 25 years experience in real estate law, primarily in leasing, acquisitions and dispositions and development work. Liz provides solid experience in the management of large, international corporate real estate portfolios. She understands and has dealt with the issues relating to land acquisition, negotiation and documentation of development agreements (including agreements with municipalities and other units of government), joint venture agreements, and other agreements related to the development and management of real estate, and all of this in the context of covering multiple jurisdictions and working with local counsel as required. Liz has represented both Starwood Hotels and Saks Incorporated on major divestitures and has played a central role in the global real estate work for GE.

Notable transactions include:
• Representation of Deutsche Bank in the sale of its global real estate portfolio that involved properties in 70 countries and the retention and management of local counsel
• The sale of CNL Hotels & Resorts, Inc., the country’s second largest hotel and resort REIT, to Morgan Stanley Real Estate Fund V and Ashford Hospitality Trust, Inc., a transaction valued at $6.6 billion
• Representation of Global Signal Inc. in its acquisition of over 5,000 cell tower sites from Sprint Nextel

She also counsels clients on the real estate aspects that come with the complexities of M&A, preferred equity and joint venture transactions.

Liz was selected for inclusion in The Best Lawyers in America 2012-2015. She has practiced in the real estate group since she earned her Juris Doctor degree, cum laude, from Northwestern Law School in 1984, where she was an editor of the Northwestern Law Review.