Roundup: Hogan & Hartson, Emergent, Dominion, Carlyle

From staff and wire reports

*District-based law firm Hogan & Hartson said it is opening an office in Abu Dhabi in the United Arab Emirates, its first in the Middle East. Partner Ray Batla will be managing partner of the new office, the firm's 25th.

"We have been increasingly focused on this region and this move further demonstrates our commitment to the Middle East practice and the clients we serve in this part of the world," said Chairman J. Warren Gorrell.

*Emergent BioSolutions said its acquisition of Protein Sciences, developer of the experimental flu vaccine FluBlok, has been delayed. Closely held Protein Sciences postponed a vote on the sale because of a "procedural defect" in its shareholder meeting, said Emergent, maker of the only U.S.-approved anthrax vaccine. The Rockville company had expected the purchase to be completed by yesterday, it said May 27 in a statement.

The shareholder vote that had been set for June 23 will be rescheduled for "some time in July," said William Narwold, chairman of the board of Protein Sciences, which is based in Meriden, Conn.

*The Carlyle Group, Extell Development and RREEF Alternative Investments got $613 million in financing for two luxury residential buildings on Manhattan's Upper West Side, the largest construction loan this year. Deutsche Bank AG led a group of nine banks arranging the loan, the companies said.

The properties are being developed at West 62nd and West 63rd streets at Riverside Boulevard on a 13-acre plot called Riverside South. Carlyle and Extell bought the site for $1.8 billion in 2005.

*Energy company Dominion Resources hopes to have a new nuclear reactor on line by 2016, which would make it the nation's first new reactor since 1996. The Richmond company hopes to build a third reactor at its North Anna Power Station, Thomas F. Farrell II, Dominion chairman, president and chief executive, said during an interview on CNBC's "Squawk Box."

"We're trying very hard to build one, and I think we will," he said, adding that he expects the reactor at the Louisa County facility, north of Richmond, to go on line in 2016.

By Terri Rupar  |  July 1, 2008; 3:46 PM ET  | Category:  Roundup
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