Sonia Kaur Bain Named to Power 100 2023 by Commercial Observer
Blank Rome real estate partner Sonia Kaur Bain was named to the Power 100 2023 list by Commercial Observer, an annual list that honors commercial real estate's most powerful players. This marks the second consecutive year Sonia was recognized in the Power 100.
This year’s Power 100 represents commercial real estate’s power structure in 2023 and honors the individuals able to "recognize where the trends are heading, to synthesize the available data, and to prepare for the inevitable headwinds" following the Covid-19 pandemic. As noted in Commercial Observer, the Power 100 2023 is a "truly national list, and one that was spread across all of commercial real estate."
Sonia’s Power 100 2023 profile is available here and copied in full below.
As published in Commercial Observer's Power 100 2023:
SONIA KAUR BAIN
Partner at Blank Rome LLP
The most challenging deals Sonia Kaur Bain negotiates aren’t always the billion-dollar ones — it’s the transactions for libraries, churches and family offices without inside knowledge of commercial real estate.
The New York native started her legal career as a bankruptcy litigator during the recession in the early 1990s, dipping her toe in real estate in deals for bankrupt properties before making her way through various real estate power house firms to join Blank Rome in October 2021. That year, she played a key role in representing the New York Public Library in a new 174- unit affordable housing development in Inwood, Manhattan. Located at 4790 Broadway, the building will include a 20,000-square-foot library and a 6,800-square-foot preschool from the Department of Education.
“It was an extremely rewarding deal because it [included] an affordable housing component [and] it showcased how public and private partnerships worked well to support a facility that was going to be very instrumental and helpful to a community that could really use it,” Bain said.
Bain also works on billion-dollar deals, like a $1.3 billion acquisition of a data center portfolio from a Singapore-based real estate investment trust she couldn’t name. (It’s likely the one where Mapletree Industrial purchased 29 data centers across 3.3 million square feet from Sila Realty Trust in May 2021.) She’s also represented the same company in the purchase of an Oakland office building for at least $420 million and represents a ground lessor under Related Group’s Hudson Yards development, according to Blank Rome.
Bain somehow still finds time to lead New York Women Executives in Real Estate, also known as WX. The invite only organization had to switch to virtual events during the pandemic, and many of its members faced challenges from child care to isolation. But with its 2021 gala seeing more attendees than ever, Bain is optimistic about its future and grateful that the organization could provide a sense of community during the pandemic.
“Every time I heard how rewarding it was when we saw each other either on Zoom or when we had the opportunity to get together in person and recognize just how gratifying that was, that kept me going,” Bain said. “It was necessary. It was something people needed for their own sanity.”