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Real Estate & Community Development



Future-focused, business-grounded advice and thoughtful solutions to help you structure, negotiate, and close the most complicated real estate and finance deals.

Our Approach

Every business venture involves real estate. Whether you’re building a 30-acre corporate campus, or launching a new venture from your home office, your property-related choices will have a pivotal effect on your bottom line.

With the right team helping you make these important and long-lasting decisions, you can make the right real estate choices to support your business growth.

We innovate. We anticipate. And we resolve sticky problems.

Clients rely on us to pinpoint the opportunities among the issues they face in tomorrow’s real estate marketplace. At any given moment, you’ll find us working on a variety of deals, properties, and asset classes. Our hard-earned experience gives us an intuitive understanding of your business goals and the speed and creativity to get you there with minimum fuss.

Who we work with

  • Clients who change landscapes, improve neighborhoods, and buy, sell or lease any kind of real property
  • Firms involved in real estate finance and capital markets
  • Businesses engaged in exchanging distressed debt or that are involved in real estate workouts
  • Companies that work with affordable housing and tax credit financing

Former schoolhouse evolves into affordable housing in Greater Boston

Connect Media | October 19, 2021

This article covers the groundbreaking for a Boston-area affordable housing project, mentioning our firm for advising the developers on the predevelopment, acquisition, permitting, and construction financing. The NP team included Affordable Housing & Real Estate partner Paul Bouton, late partner Ruth Silman, senior associate Julie Hancock Stande, and associate Ali Walendziak, all of the Boston office.

Multifamily housing experts weigh in on Newsom housing bills

Spectrum News SoCal | October 08, 2021

This article analyzing California Governor Gavin Newsom’s recently signed housing-related bills quotes Los Angeles Affordable Housing & Real Estate partner Bryan LeRoy, co-leader of the firm’s Environment & Land Use team, on the uncertainty of how cities will implement the legislation, as well as how it could impact housing affordability in the short term as the price of land increases. Bryan notes that these recent bills are just one piece of a much bigger puzzle.

People on the move

Affordable Housing Finance | October 05, 2021

This roundup of notable moves in the affordable housing industry includes the arrival of New York City Affordable Housing & Real Estate partner Laura Sugarman, who focuses her practice on cooperative and condominium conversions, and commercial real estate transactions.

How NYCs top real estate law firms got creative in an unusual year

The Real Deal | October 05, 2021

This article in New York City’s top real estate trade publication—part of a special report on law firms and real estate attorneys—quotes Affordable Housing & Real Estate practice group leader and Long Island partner Denise Pursley on the uncharted waters of the eviction moratorium and how we’ve been advising clients. The story also notes the firm’s work with pro bono organizations, such as Lawyers Clearinghouse, in helping tenants who could be vulnerable to eviction.

People and Awards: Nixon Peabody LLP

Rochester Business Journal | October 01, 2021

This top-tier regional business publication covered Rochester Affordable Housing & Real Estate associates Mauricio Cuellar, Steve Fantuzzo, and Matthew King and their moves to the firm, while also detailing their practices.

Legal Excellence Awards honorees announced

The Daily Record | September 30, 2021

This article on the publication’s “Legal Excellence Awardsrdquo; recognizes Rochester Affordable Housing & Real Estate associate Sarah Lobe as one of the region’s “Up and Coming Lawyers” and Rochester copy operator Curtis Burnett for the “Law Firm Administrator” award.

Lawyers on the move

New York Law Journal | September 29, 2021

This roundup of notable New York State legal moves includes the arrival of New York City Affordable Housing & Real Estate partner Laura Sugarman, who focuses her practice on cooperative and condominium conversions, and commercial real estate transactions.

All hands on deck - Real estate partners jump ship amid historic demand

American Lawyer | September 28, 2021

This article on the booming demand for real estate lawyers includes the arrival of New York City Affordable Housing & Real Estate partner Laura Sugarman—who focuses her practice on cooperative and condominium conversions, and commercial real estate transactions—to the firm.

New York seeks constitutional right to clean air and water

Spectrum News NY1 | September 27, 2021

This article covering New York’s proposed “Green Amendment” that would enshrine the right to a clean environment in the state’s constitution references NP’s client alert, discussing how New York’s amendment differs from other states in that it offers courts greater flexibility to interpret and apply. San Francisco partner Alison Torbitt, Albany associate Dana Stanton, Rochester associate Sarah Lobe, and Rochester senior environmental health engineer Libby Ford, all with the Affordable Housing & Real Estate group, coauthored the client alert.

Practical implications of transfer tax amendment

New York Law Journal | September 23, 2021

New York City Affordable Housing & Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley contributed this article discussing New York State’s amendment to its estate transfer tax statute, its elimination of “grossing-up” which historically raised the total amount paid by the purchaser, and the amendment’s implications for attorneys of project sponsors.

People on the move

Crain’s Chicago | September 16, 2021

This column of notable executive moves includes the arrival of Chicago Affordable Housing & Real Estate partner Gregg Dorman and associate Spenser Sotolongo to the firm.

Wake up call

Bloomberg Law | September 15, 2021

This roundup of notable legal news and moves mentions the arrival of New York Affordable Housing & Real Estate partner Laura Sugarman, who focuses her practice on cooperative and condominium conversions, and commercial real estate transactions.

Wetlands enforcement action timely years after violation

Massachusetts Lawyers Weekly | September 10, 2021

This article covers a Supreme Judicial Court ruling that an enforcement action brought by the Northern Conservation Commission over an asserted Wetlands Protection Act violation occurring decades ago, under previous owners, was still timely. Boston Affordable Housing & Real Estate senior counsel Don Cooper, who filed an amicus brief on behalf of the Massachusetts Association of Conservation Commissions, is quoted on the significance of the ruling in answering a long-standing question about the timeline for enforcement.

Moving away from stress: Fleeing the big city for small town life

Bloomberg Law | September 09, 2021

New York City Affordable Housing & Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley contributed this article on the efficiencies she gained while working from her upstate New York home during the pandemic, and how the new norms have allowed her to achieve better work-life balance while simultaneously expanding her practice.

Flexibility is key for law firms in changing business environment

Rochester Business Journal | September 03, 2021

This article, focusing on the major trends driving the business of law post-pandemic, quotes Rochester office managing partner Jared Lusk, of the Affordable Housing & Real Estate group, on recruiting legal talent outside of cities where the firm has physical offices as one of the efficiencies gained during the pandemic.

People on the move

Affordable Housing Finance | September 03, 2021

This column on notable moves in the affordable housing finance industry highlights Rochester Affordable Housing & Real Estate associates Mauricio Cuellar, Steve Fantuzzo, and Matthew King and their moves to the firm, while also detailing their practices.

Eviction moratoria and rental assistance

Tax Credit Advisor | September 01, 2021

This article on landlords helping tenants navigate rental assistance programs quotes Washington, DC Affordable Housing & Real Estate partner Harry Kelly on the process of connecting residents with rental assistance resources and potential challenges along the way.

Law360 names attorneys who moved up the firm ranks in Q2

Law360 | August 18, 2021

This article on notable partner-level promotions during Q2 includes the appointment of Providence Labor & Employment partner Stacie Collier to Chief Talent Officer. In addition, NP’s recent appointments to department heads and practice group leaders were included: San Francisco Complex Commercial Disputes partner Tony Barron as Litigation Department chair, Boston Private Equity & Investment Funds partner John Beals as Investment Funds practice group leader, Boston Corporate partner Chris Keefe as Business & Finance Department chair, Los Angeles Corporate partner Shahzad Malik as Tax team co-leader, Washington DC Community Development Finance partner Matt Mullen as Community Development Finance practice group leader, and Albany Private Equity partner Todd Tidgewell as Corporate practice group leader.

MRM research roundup: Mid-August 2021 edition

Modern Restaurant Management | August 16, 2021

This state-of-the-restaurant-industry and outlook article includes NP’s Q3 Food & Beverage Crystal Ball, covering trends around labor shortages, ransomware attacks, wildfires, and brewery distribution agreements. The insights were provided by Intellectual Property co-leader and Cybersecurity & Privacy team leader Jason Kravitz and Corporate associate Anthony Bova, both in Boston; Providence Labor & Employment counsel Jessica Schachter Jewell; and San Francisco counsel Ian T. O’Banion, and Albany associate Dana P. Stanton, both of the Affordable Housing & Real Estate group

Wake up call

Bloomberg Law | August 12, 2021

The following articles highlight Chicago Affordable Housing & Real Estate partner Gregg Dorman and his move to the firm. American Lawyer’s trends article, focusing on the uptick in real estate transactions and how law firms are meeting that demand, quotes Gregg for his outlook on the effects of the pandemic on the suburbs, older malls, and multistory residential projects.

Real estate practices add partners in LA as demand rages for industrial and retail projects

American Lawyer | August 12, 2021

The following article highlight Chicago Affordable Housing & Real Estate partner Gregg Dorman and his move to the firm. American Lawyer’s trends article, focusing on the uptick in real estate transactions and how law firms are meeting that demand, quotes Gregg for his outlook on the effects of the pandemic on the suburbs, older malls, and multistory residential projects.

People

Chicago Daily Law Bulletin | August 12, 2021

This column of notable legal moves highlights Chicago Affordable Housing & Real Estate partner Gregg Dorman and his arrival to the firm.

How the New York AG can prevent a Surfside disaster in the Big Apple

Crain’s New York | August 12, 2021

Cooperatives & Condominiums team leader and New York City Affordable Housing & Real Estate partner Erica Buckley co-wrote this op-ed analyzing New York’s Martin Act and the ways in which the state’s attorney general can modify current regulations in order to prevent the kind of apartment building collapse that devastated Surfside, Florida.

$30 million acquisition of the Johanna Apartments preserves affordable housing Harlem, Manhattan

New York YIMBY | August 04, 2021

This article covers Camber Property Group&rsquos latest acquisition of an affordable housing apartment in the New York City neighborhood of Harlem. The deal will extend affordability protections for the maximum 40-year term through a new U.S. Department of Housing and Urban Development contract and an agreement with the City of New York. NP is mentioned for the work by New York City partner Aaron Yowell, strategic policy advisor Deborah VanAmerongen, and associate James Allen, and Boston counsel Alexander Rosso, all in the Affordable Housing & Real Estate group, for advising Camber Property.

Preservation issues and strategies for USDA's Rural Housing Service multifamily direct loan portfolio

Journal of Affordable Housing | July 26, 2021

Washington, DC Affordable Housing & Real Estate partner and Housing Regulatory team leader Richard Price and associate Rebecca Simon contributed this article discussing recent developments in the U.S. Department of Agriculture’s Rental Housing Service programs, funding issues that have created challenges to preservation, and preservation strategies that have been used to overcome, in part, the funding challenges.

Former FINRA Counsel Ellen Sheridan-Cona Joins Eversheds

New York Law Journal | July 16, 2021

This roundup of notable New York State legal moves includes the arrivals of Rochester associates Mauricio Cuellar, Steve Fantuzzo, and Matthew King, all of the Affordable Housing & Real Estate group.

Drone delivery is the next big thing but could face legal challenges

Spectrum News | July 15, 2021

Los Angeles office managing partner Justin Thompson, of the Affordable Housing & Real Estate group, is quoted throughout this article discussing some of the legal hurdles and general challenges companies could face as they plan to roll out drone delivery.

Deal diary-Blackstone and KKR chalk up more insurance investments

The Deal | July 15, 2021

In two separate articles, the publication highlighted the firm for advising American International Group, Inc. in the pending sale of a $5.1 billion affordable housing portfolio to Blackstone Real Estate Income Trust. Washington, DC Community Development Finance partner Liz Young is noted in one of the stories for leading the NP deal team.

In addition to Liz, the NP team includes Affordable Housing & Real Estate partner Dara Histed, Project Finance & Public Finance partner Carla Young, Community Development Finance senior counsel Jeff Lesk, and Corporate partner John Partigan, all of Washington, DC; Global Finance partner Amanda Darwin, Affordable Housing & Real Estate associates Julie Stande and Ali Walendziak, and Community Development Finance associate Nury Aguasvivas, all of Boston; Affordable Housing & Real Estate associate Emily Schwebke and Project Finance & Public Finance resident attorney Jacalyn Smith, both of Chicago; Manchester Affordable Housing & Real Estate associate Talia Burghard; Long Island Affordable Housing & Real Estate paralegal Lori Esposito; and Los Angeles Corporate paralegal Mina Gonzaque-Taylor.

People on the move

Crain’s Chicago | July 12, 2021

This column of notable executive moves includes Chicago Community Development Finance associate Kate Michalski and her arrival to the firm.

New York May Miss the Window to Convert Hotels to Affordable Housing

Bloomberg CityLab | July 01, 2021

In this article, New York City Affordable Housing and Real Estate partner Meghan Altidor discusses how California and New York are turning hotels into housing.

IRS pushes out safe harbor deadline for US renewables projects

Power Finance & Risk | June 30, 2021

This article on the Internal Revenue Service’s one-year extension for renewable energy projects to qualify for federal tax credits quotes Washington, DC Community Development Finance partner Shariff Barakat for his outlook on the bifurcation of the safe harbor and the “continuous effort” rule.

Go To Lawyers: Commercial real estate

Massachusetts Lawyers Weekly | June 28, 2021

This special feature highlights Boston co-office managing partner Chris Froeb, of the Affordable Housing & Real Estate group, as a “go to” commercial real estate attorney in the state.

Understanding the mortgage recording tax credit deadline suspension

New York Law Journal | June 23, 2021

Cooperatives & Condominiums team leader and New York City Affordable Housing & Real Estate partner Erica Buckley contributed this column on New York state’s mortgage recording tax credit, which offers relief to real estate professionals, and how the governor’s executive order suspending the deadline to take advantage of the credit will alleviate some of the marketplace disruptions caused by COVID-19.

People on the move

McKnight’s Senior Living | June 22, 2021

The following trade publication covered the appointment of Washington, DC partner Matthew Mullen to lead the Community Development Finance group in their columns of notable executive moves within the industry.

Nixon Peabody advises joint venture on California's first RAD for PRAC

National Housing & Rehabilitation Association/HousingOnline.com | June 22, 2021

The following article highlights NP’s work on a complex financing transaction and status conversion that will provide St. Stephens Retirement Center in San Diego with decades of financial certainty as well as funding to rehabilitate the property. This is the first deal ever in California to utilize the U.S. Department of Housing and Urban Development’s (HUD) “RAD for PRAC” program, which can help owners of eligible seniors housing properties convert existing rental assistance contracts to enable access to private capital for conducting repairs and improvements, as well as maintaining ownership in affordable housing properties. Washington, DC senior counsel Monica Sussman and New York counsel Kathie Soroka led the deal team, which also included Washington, DC associate Brendan Cardella-Koll, all of the Affordable Housing & Real Estate group.

Boston City Council proposes law to maintain affordable housing

WBUR | June 22, 2021

This article quotes Boston Affordable Housing & Real Estate partner Jeff Sacks related to Jamaica Plain’s Forbes building, where the owners are trying to keep the development affordable and prevent current residents from being displaced.

People on the move

Affordable Housing Finance | June 21, 2021

The following trade publication covered the appointment of Washington, DC partner Matthew Mullen to lead the Community Development Finance group in their columns of notable executive moves within the industry.

Actions and Transactions

McKnight’s Senior Living | June 21, 2021

The following article highlights NP’s work on a complex financing transaction and status conversion that will provide St. Stephens Retirement Center in San Diego with decades of financial certainty as well as funding to rehabilitate the property. This is the first deal ever in California to utilize the U.S. Department of Housing and Urban Development’s (HUD) “RAD for PRAC” program, which can help owners of eligible seniors housing properties convert existing rental assistance contracts to enable access to private capital for conducting repairs and improvements, as well as maintaining ownership in affordable housing properties. Washington, DC senior counsel Monica Sussman and New York counsel Kathie Soroka led the deal team, which also included Washington, DC associate Brendan Cardella-Koll, all of the Affordable Housing & Real Estate group.

Wake Up Call

Bloomberg Law | June 14, 2021

This column of notable legal news highlights the appointment of Washington, DC partner Matthew Mullen to lead the Community Development Finance group.

DIF fund to buy Oklahoma wind farm

Power Finance & Risk | June 09, 2021

This article mentions NP for advising DIF Capital Partners’ infrastructure fund on its agreement to acquire the Kingfisher wind farm in Oklahoma. The deal team includes Washington, DC Community Development Finance partner Shariff Barakat, Rochester Corporate partner Lori Green, Buffalo Global Finance partner Martha Anderson, and Rochester Corporate associate Aya Hoffman.

Also contributing to the deal were New York City Corporate partner Rick Cox; Manchester partner Mark Beaudoin and San Francisco partner Alison Torbitt, both of the Affordable Housing & Real Estate group; and Washington, DC partners Elizabeth Whittle and Bob Daileader and counsel Ken Weiner, all of the Project Finance & Public Finance group.

Exclusive-The Meridian Group lands notable new tenant for 1333 New Hampshire

Washington Business Journal | June 01, 2021

This article mentions NP for advising the American Bankers Association on the lease of its new 87,000-square-foot headquarters. Washington, DC office managing partner Colette Dafoe and Chicago associate Emily Schwebke, both of the Affordable Housing & Real Estate group, negotiated the lease on behalf of ABA while Rochester Affordable Housing & Real Estate partner Darren Miller led negotiations on construction and architect agreements for the build-out.

Pandemic drives professional services industry to use new hiring, retention strategies

The Daily Record | May 28, 2021

Rochester office managing partner Jared Lusk, of the Affordable Housing & Real Estate group, is quoted extensively in this article on how the professional services industry is preparing for a post-COVID world, discussing the rise in remote work, and the resiliency and openness to new ideas the industry has shown over the past 18 months.

Partners secure $71M to acquire, preserve affordable Westchester rental

Real Estate Weekly | May 10, 2021

This article, on Silver Street Development’s joint venture partnership with LIHC Investment Group to rehabilitate low-income housing development Marble Hall Apartments, mentions the firm for the work by New York City Affordable Housing & Real Estate partner Joe Lynch in representing Silver Street.

REV LNG a leader in production, distribution of natural gas

Rochester Business Journal | April 23, 2021

This feature story on growth and expansion of NP client REV LNG LLC, which specializes in renewable energy project development and mobile energy services, quotes Rochester office managing partner Jared Lusk, of the Affordable Housing & Real Estate group, for NP’s close partnership and collaboration with REV LNG CEO David Kailbourne to help grow the company.

There's a segment of the local tech industry ‘primed to grow rapidly.’ But we're leaving money on the table.

Washington Business Journal | April 15, 2021

This article on clean technology in the Washington, DC region details New Partners Community Solar’s roots within our firm, as well as the organization’s mission, and quotes New Partners CEO Herb Stevens and President Jeff Lesk, both senior counsel with the Community Development Finance group in DC.

Foreign opportunity zone investors face hurdles under new rules

Bloomberg Tax | April 13, 2021

In this article about new proposed IRS rules for foreign investors in opportunity zones, Boston Community Development Finance partner Forrest Milder is quoted on the challenges these investors could face in trying to benefit from the tax breaks.

New York seeks constitutional right to clean air and water

Rochester Business Journal | April 09, 2021

Rochester Affordable Housing & Real Estate associate Sarah Lobe and senior environmental health engineer Libby Ford contributed this article on the proposed environmental rights amendment to the Bill of Rights of the New York State Constitution, on which New Yorkers will vote in November.

Real estate lawyers on the move

Law360 | April 01, 2021

This article on notable moves in real estate law includes Chicago Affordable Housing & Real Estate partners Jim Mayer’s and Mike Kuppersmith’s move to the firm.

Career tracker

Reuters Legal | March 22, 2021

This national column of notable legal moves includes Chicago Affordable Housing & Real Estate partners Jim Mayer’s and Mike Kuppersmith’s move to the firm.

Commercial real estate: strategies and updates

Los Angeles Times | March 22, 2021

Los Angeles office managing partner Justin Thompson, of the Affordable Housing & Real Estate group, participated in a virtual roundtable discussion on COVID-19’s impact on commercial real estate, market-driving trends, and what’s on the horizon for the industry.

Nixon Peabody Co-Op Leader Sees Strong Residential Sectors

Law360 | March 19, 2021

Cooperatives and Condominiums practice team leader and New York City partner Erica Buckley is featured in this Q&A article on her outlook for New York’s affordable and middle-market residential sectors during the pandemic. This story is part of a series spotlighting female real estate leaders during Women’s History Month.

The 2021 Law Power 100

City & State | March 16, 2021

Cooperatives & Condominiums practice team leader and New York City Affordable Housing & Real Estate partner Erica Buckley is included in this list of attorneys influencing New York’s political and government spheres.

People

Chicago Daily Law Bulletin | March 15, 2021

This column of notable legal news includes Chicago Affordable Housing & Real Estate partners Jim Mayer’s and Mike Kuppersmith’s move to the firm.

Hire up: Transactional partners in demand with economy poised to take off

The American Lawyer | March 12, 2021

This article on the uptick in hiring of transactional partners among Big Law firms includes Chicago Affordable Housing & Real Estate partners Jim Mayer’s and Mike Kuppersmith’s move to the firm.

Wake up call

Bloomberg Law | March 11, 2021

This column of notable legal news includes Chicago Affordable Housing & Real Estate partners Jim Mayer’s and Mike Kuppersmith’s move to the firm.

NY law shields small firms and landlords from eviction and foreclosure

Newsday | March 10, 2021

This article on New York Gov. Cuomo’s COVID-19 Emergency Protect Our Small Businesses Act quotes Long Island Affordable Housing & Real Estate counsel Michael Webb on the law’s eviction safeguards for small businesses and landlords, the businesses that the law applies to, and exceptions for evictions.

SECs Division of Examinations asks about opportunity zones

Regulatory Compliance Watch | March 08, 2021

In this article on how opportunity zones have attracted examiner interest, Boston Community Development Finance partner Forrest Milder is quoted on IRS guidelines around opportunity zones, the delays caused by COVID, and what constitutes a qualified asset.

On the move

Capital Region Chamber | March 08, 2021

This column of notable moves in New York’s Capital Region includes Albany Affordable Housing & Real Estate counsel Beth Morss’ move to the firm.

Would new law allow for conversion of a hotel to a condominium?

New York Law Journal | March 08, 2021

In the latest installment of her “Ask the Former Regulator“ column, Cooperatives & Condominiums team leader and New York City Affordable Housing & Real Estate partner Erica Buckley discusses the Multiple Dwelling Law and the proposed law to allow the conversion of a hotel to a for-sale condominium.

OCC rule misaligned with some tax equity safe harbors

Law360 | March 08, 2021

This contributed article, which examines the OCC’s finalized rule governing national banks’ ability to participate in equity-based finance structures involving tax credits, was authored by Project Finance & Public Finance partner Ellen Friedman and Global Finance senior counsel Larry Fruchtman, both in New York City; Community Development Finance partner Forrest Milder in Boston; and Community Development Finance partners Michael Goldman and Shariff Barakat, both in Washington, DC.

People on the move

Newsday | March 04, 2021

Long Island Affordable Housing & Real Estate counsel Michael Webb was included in this column of notable executive news on Long Island for his promotion to counsel.

National Standard Abstract provides title insurance for CB Emmanuel 30 million rehabilitation project

New York Real Estate Journal | March 02, 2021

This article, focusing on the slated project to preserve Calvary Baptist Church Senior Housing’s studio and one-bedroom apartments for low-income seniors, mentions the firm for the work by New York City partner Joe Lynch and strategic policy advisor Deborah VanAmerongen and Rochester associate Matt Carrigg, all in the Affordable Housing & Real Estate group, in advising CB Emmanuel.

The year of big tax changes

Tax Credit Advisor | March 01, 2021

This article quotes Boston Community Development Finance partner Forrest Milder on the 4 percent Low-Income Housing Tax Credit floor included in COVID-19 legislation, specifically related to parties that acquired used facilities in 2020 with 2021 bonds.

Power 100 List 2021

Rochester Business Journal | February 26, 2021

Rochester office managing partner and Affordable Housing & Real Estate partner Jared Lusk has been named to the publication’s “Power 100 List 2021”. The accolade also includes a short Q&A article on Jared’s proudest accomplishments, community involvement, and important lessons he’s learned.

CA vapor intrusion guidance evaporates hope for urban residential redevelopment

Bloomberg Law | February 18, 2021

San Francisco Affordable Housing & Real Estate partner Alison Torbitt contributed this article on how the California Environmental Protection Agency’s vapor intrusion guidance may impact residential development on the state’s brownfields.

No. 569: Enter the phantom, feel the winds and meet the PTA, with cabbage (sorry)

Innovate Long Island | February 17, 2021

This morning roundup of notable business news in Long Island includes the launch of the Long Island office’s “What’s New” virtual workshop series, designed to keep participants up-to-date with the fast-paced, post-pandemic changes across law and industry.

Wake Up Call

Bloomberg Law | February 17, 2021

This roundup of notable legal industry news and people moves includes Nixon Peabody’s promotion of 12 attorneys to counsel.

More Types of Investors Are Targeting Affordable Housing

WealthManagement.com | February 09, 2021

This article, on how investors are finding more ways to invest in affordable housing, quotes New York City Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen on how geography comes into play with tax credits and investments made by private equity firms and developers.

Personnel file

Banker & Tradesman | February 01, 2021

This roundup of appointments and executive moves across the Massachusetts real estate and banking sectors covers Boston Affordable Housing & Real Estate partner Jeff Sacks’ appointment as chairman of the board for Boston-based developer, owner, and operator 2Life Communities.

Court permits drawdown on letter of credit and rejects tenant's impossibility of performance argument

Real Estate Finance Journal | February 01, 2021

New York Affordable Housing & Real Estate counsel Richard Shore contributed this article analyzing the recent decision in Backal Hospitality Group, LLC v. 627 West 42nd Retail LLC and what it means for commercial tenants and landlords and future proceedings related to the nonpayment of rent during COVID-19.

Wake up call

Bloomberg Law | February 01, 2021

The launch of the firm’s State Attorneys General practice team is included in this roundup of notable legal news. The team is led by New York Affordable Housing & Real Estate partner Erica Buckley; New York partner Travis Hill and Boston partners Bill Codinha and Rob Fisher, of the Government Investigations & White Collar Defense group.

New York Lawyers for the Public Interest Names Anthony Karefa Rogers-Wright as Director of Environmental Justice

New York Law Journal | January 28, 2021

The launch of the firm’s State Attorneys General practice team is included in this roundup article of notable legal news. The team is led by New York Affordable Housing & Real Estate partner Erica Buckley; New York partner Travis Hill and Boston partners Bill Codinha and Rob Fisher, of the Government Investigations & White Collar Defense group.

2Life Communities Names Jeff Sacks as Chairman of the Board

Seniors Housing Business | January 28, 2021

This article covers Boston Affordable Housing & Real Estate partner Jeff Sacks for being named chairman of the board for Boston-based developer, owner, and operator 2Life Communities. The article highlights Jeff’s work in Massachusetts to transform outdated public housing projects into vital communities for low-income residents.

Lessons Learned in 2020

Affordable Housing Finance - Lessons Learned in 2020 | January 04, 2021

New York City Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen is quoted in Affordable Housing Finance’s 2021 outlook and 2020 year-end articles. Deborah is quoted for her perspective on the exponential growth in the need for affordable housing and how the adjustments by industry practitioners to the “new normal“ improved efficiency.

COVID to Remain the Top Issue in 2021

Affordable Housing Finance | January 04, 2021

New York City Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen is quoted in Affordable Housing Finance’s 2021 outlook and 2020 year-end articles. Deborah is quoted for her perspective on the exponential growth in the need for affordable housing and how the adjustments by industry practitioners to the “new normal“ improved efficiency.

Rental Struggles, Life Science Boom Marked Boston Real Estate in 2020

Boston Business Journal | December 29, 2020

This article, which discusses office and retail space remaining empty and landlords beginning to sue for rent payment, mentions the formation of NP’s Commercial Lease Disputes practice team in anticipation of a potential wave of cases. Boston Affordable Housing & Real Estate partner Matthew Lynch, Providence Complex Commercial Disputes partner Jeff Brenner, and Washington, D.C. Complex Commercial Disputes partner Vernon Johnson co-lead the new practice team.

Approach to LIHTC Regulations Should Be Reconsidered, Individuals Say

Tax Notes | December 28, 2020

Boston Community Development Finance partner Forrest Milder co-authored this letter to the IRS, republished by Tax Notes, related to income averaging regulations for low-income housing tax credits.

Congress Gives Boost to Affordable Housing, Hotel Occupancy Misses the Holiday Spirit, Personal Income Falls

CoStar News | December 23, 2020

Boston Community Development Finance partner Forrest Milder and Washington, D.C. Affordable Housing & Real Estate partner Richard Price comment on the low-income housing tax credit rate being fixed at 4% in Congress’ recently passed spending bill, and what that could mean in practical terms.

Landlords Fear Tenant Wins in Lease Disputes May Snowball

Law360 | December 23, 2020

This article on how commercial landlords are navigating rent disagreements with tenants quotes Commercial Lease Disputes team co-leader and Boston Affordable Housing & Real Estate partner Matthew Lynch on the unusual nature of the current environment, and the potential for judges in some instances to read outside the four corners of the lease.

Notable Women in Law

Crain’s New York | December 21, 2020

Cooperatives & Condominiums team leader and New York City partner Erica Buckley is featured in this article for being named one of the city’s “Notable Women in Law“ for the third year in a row.

Rockport Provides HUD Refi on Queens Senior Housing

Connect CRE | December 18, 2020

The firm was mentioned in this article on the FHA Section 223(f) refinancing loan for Israel Senior Citizen Housing I and II, an apartment complex for the elderly in the Far Rockaway neighborhood of Queens, NY. Washington, D.C. partner Susanna Mitchell and New York City strategic policy advisor Deborah VanAmerongen, both of the Affordable Housing & Real Estate group, advised JASA Corporation in the deal.

Rockport Closes on $74M Refi' to Upgrade Queens Senior Housing

Real Estate Weekly | December 16, 2020

The firm was mentioned in this article on the FHA Section 223(f) refinancing loan for Israel Senior Citizen Housing I and II, an apartment complex for the elderly in the Far Rockaway neighborhood of Queens, NY. Washington, D.C. partner Susanna Mitchell and New York City strategic policy advisor Deborah VanAmerongen, both in the Affordable Housing & Real Estate group, advised JASA Corporation in the deal.

When HDFC Shareholders Want To 'Go Private'

New York Law Journal | December 11, 2020

In the latest installment of her “Ask the Former Regulator“ column, New York City Affordable Housing and Real Estate partner Erica Buckley discusses whether a housing development fund company that operates as a housing cooperative can go private and what factors shareholders need to consider.

Breaking Ground Begins Transformation of Former Jehovah's Witnesses Hotel

Affordable Housing Finance | December 02, 2020

This article on the conversion of 90 Sands St.—a well-known building in New York City and former Jehovah Witnesses’ hotel—into affordable and supportive housing mentions the firm for the work of New York City Affordable Housing & Real Estate partner Joe Lynch, strategic policy advisor Deborah VanAmerongen, and associate Julia Casteleiro in representing Breaking Ground, New York’s largest supportive housing developer.

Nonprofit to convert former Brooklyn hotel to apartments

Multi-Housing News | November 24, 2020

The following articles highlight the conversion of 90 Sands St.—a well-known building in New York City and former Jehovah Witnesses’ hotel—into affordable and supportive housing. The firm was mentioned for the work by New York City Affordable Housing & Real Estate partner Joe Lynch, strategic policy advisor Deborah VanAmerongen, and associate Julia Casteleiro in representing Breaking Ground, New York’s largest supportive housing developer.

This week's N.Y. deal sheet

Bisnow | November 24, 2020

This article on the conversion of 90 Sands St.—a well-known building in New York City and former Jehovah Witnesses’ hotel—into affordable and supportive housing mentions the firm for the work of New York City Affordable Housing & Real Estate partner Joe Lynch, strategic policy advisor Deborah VanAmerongen, and associate Julia Casteleiro in representing Breaking Ground, New York’s largest supportive housing developer.

Jehovah's Witnesses' former DUMBO hotel to begin conversion to low-income housing

Brooklyn Daily Eagle | November 23, 2020

The following article highlights the conversion of 90 Sands St.—a well-known building in New York City and former Jehovah Witnesses’ hotel—into affordable and supportive housing. The firm was mentioned for the work by New York City Affordable Housing & Real Estate partner Joe Lynch, strategic policy advisor Deborah VanAmerongen, and associate Julia Casteleiro in representing Breaking Ground, New York’s largest supportive housing developer.

REV LNG grows renewable energy business locally

WROC-TV News 8 | November 18, 2020

This broadcast segment features Rochester office managing partner Jared Lusk, of the Affordable Housing & Real Estate group, and longtime client REV LNG CEO David Kailbourne discussing how the company has grown in the renewable energy sector while also making a positive impact on the Rochester community.

Avanath Acquires Boston Workforce Housing

Multi-Housing News | November 03, 2020

The following article covers client Avanath Capital Management’s acquisition of a 207-unit apartment community in Boston, a complex transaction that will preserve Morton Village as an affordable housing property for many years to come. The stories mention NP for the firm’s work as legal counsel and name members of the deal team, New York City partner Tatiana Gutierrez, Boston partners Jeff Sacks and Ruth Silman, and associate Ali Walendziak, all of the Affordable Housing & Real Estate group.

MRM Research Roundup: End-of-October 2020 Edition

Modern Restaurant Management | November 02, 2020

This roundup of current industry issues to watch highlights several thought leadership pieces from NP’s recently published fourth-quarter Food & Beverage Crystal Ball. The publication summarizes trends provided by San Francisco partner Alison Torbitt and counsel Ian O’Banion, both of the Affordable Housing & Real Estate Group; Rochester Corporate associate Isaac Figueras; and San Francisco Labor & Employment associates Rachel Conn and Maritza Martin.

Avanath Capital Management Acquires 207-Unit Workforce Housing Community in Boston

Yield PRO | November 02, 2020

The following article covers client Avanath Capital Management’s acquisition of a 207-unit apartment community in Boston, a complex transaction that will preserve Morton Village as an affordable housing property for many years to come. The stories mention NP for the firm’s work as legal counsel and name members of the deal team, New York City partner Tatiana Gutierrez, Boston partners Jeff Sacks and Ruth Silman, and associate Ali Walendziak, all of the Affordable Housing & Real Estate group.

Joint Venture Buys Jersey City Affordable Apartment Portfolio for $127M

NJBiz | October 22, 2020

This article mentions the firm for representing Hudson Valley Property Group LLC in its partnership with Nuveen Investments for the purchase of a 412-unit affordable apartment portfolio in Jersey City. The deal team included New York partner Aaron Yowell and strategic policy advisor Deborah VanAmerongen, Boston partner Chris Froeb, and Washington, D.C. partner Susanna Mitchell, all of the Affordable Housing & Real Estate group.

Hudson Valley Property Group and Nuveen Acquire New Jersey Portfolio

Affordable Housing Finance | October 21, 2020

This article mentions the firm for representing Hudson Valley Property Group LLC in its partnership with Nuveen Investments for the purchase of a 412-unit affordable apartment portfolio in Jersey City. The deal team included New York partner Aaron Yowell and strategic policy advisor Deborah VanAmerongen, Boston partner Chris Froeb, and Washington, D.C. partner Susanna Mitchell, all of the Affordable Housing & Real Estate group.

Nuveen JV buys 400-unit affordable apartment portfolio

Real Estate Weekly | October 13, 2020

This article mentions the firm for representing Hudson Valley Property Group LLC in its partnership with Nuveen Investments in the purchase of a 412-unit affordable apartment portfolio in Jersey City. The deal team included New York partner Aaron Yowell and strategic policy advisor Deborah VanAmerongen, Boston partner Chris Froeb, and Washington, D.C. partner Susanna Mitchell, all of the Affordable Housing & Real Estate group.

Nixon Peabody Arranges $48.8M in Financing to Upgrade Two Wollaston Affordable Communities Near Boston

Seniors Housing Business | October 06, 2020

The following article cover NP’s role in securing financing deals for client Wollaston Lutheran Housing, allowing the affordable-housing provider to substantially upgrade two properties in Quincy, MA. Boston Affordable Housing & Real Estate partner Jeff Sacks led the deal team, which also included Boston associates Ali Walendziak and Alexander Rosso, and Washington, DC counsel Anthony Ruvolo, all of the Affordable Housing & Real Estate group.

MassHousing Provides $28.9M Loan for Refinancing of Multifamily Asset in Metro Boston

REBusinessOnline | October 05, 2020

The following article cover NP’s role in securing financing deals for client Wollaston Lutheran Housing, allowing the affordable-housing provider to substantially upgrade two properties in Quincy, MA. Boston Affordable Housing & Real Estate partner Jeff Sacks led the deal team, which also included Boston associates Ali Walendziak and Alexander Rosso, and Washington, DC counsel Anthony Ruvolo, all of the Affordable Housing & Real Estate group.

Nixon Peabody Secures $29M Refinancing for Affordable Housing Development in Quincy

Connect Media CRE | October 05, 2020

The following article cover NP’s role in securing financing deals for client Wollaston Lutheran Housing, allowing the affordable-housing provider to substantially upgrade two properties in Quincy, MA. Boston Affordable Housing & Real Estate partner Jeff Sacks led the deal team, which also included Boston associates Ali Walendziak and Alexander Rosso, and Washington, DC counsel Anthony Ruvolo, all of the Affordable Housing & Real Estate group.

Real Estate Syndications - What You Need to Know

WRCN 103.9 FM Long Island Radio | October 04, 2020

Cooperatives & Condominiums practice team leader and New York Affordable Housing & Real Estate partner Erica Buckley was featured in this radio segment focusing on the Martin Act (one of the most exhaustive securities laws in the country), New York State filings and compliance, and investigation and enforcement by the New York Attorney General.

Outcomes from pandemic make Rochester an appealing location for new business

Rochester Business Journal | October 02, 2020

In this article on Rochester’s mix of housing and real estate developments, Rochester Affordable Housing & Real Estate associate Matt Carrigg is quoted for his outlook on the uptick in affordable housing developments, and interest from local and out-of-state developers.

Catholic Charities Starts Work on New Queens Development

Real Estate Weekly | September 28, 2020

This article on the ground-breaking of Bishop Valero Residence, an affordable housing development for low-income seniors and formerly homeless adults, quotes New York Affordable Housing & Real Estate partner Joe Lynch for leading the team that advised Catholic Charities Progress of Peoples Development Corporation. The deal team also included Rochester Affordable Housing & Real Estate partner Darren Miller and associate Matt Carrigg.

Affordable Developers Look to Older Apartment Buildings

Affordable Housing Finance | September 22, 2020

This article quotes New York Affordable Housing and Real Estate strategic policy advisor Deborah VanAmerongen on a potentially historic opportunity to address the affordable housing crisis by accessing some older properties not originally built as affordable housing.

Apartment Developers Scout Adaptive Reuse Possibilities

National Real Estate Investor | September 16, 2020

In this article on apartment developers and their outlook on the real estate market, New York Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen is quoted on the possible use of hotels for affordable housing.

Understanding Cash Controls for HUD-Assisted Multifamily Properties

Affordable Housing Finance | September 10, 2020

Washington, D.C. Affordable Housing & Real Estate partner Richard Price contributed this article which breaks down some of the complexities of managing the Department of Housing and Urban Development’s multifamily programs.

Forty Under 40

Rochester Business Journal | September 04, 2020

Rochester Affordable Housing & Real Estate partner Ashley Champion is recognized as one of Rochester Business Journal’s 2020 “Forty Under 40” honorees.

How Cities Could Help and Hurt Affordable Housing Development

GlobeSt | August 31, 2020

In this article, Los Angeles Affordable Housing & Real Estate partner Ed Campbell comments on the impact that construction, public-private partnerships, local impact fees, and other community conditions are having (and will have) on California’s affordable housing industry.

JV Completes $53M Redevelopment of Bronx Senior Community

Multi-Housing News | August 06, 2020

This article on Fort Schuyler House, a 138-unit affordable senior housing community in the Bronx, mentions NP for the work of New York City Affordable Housing & Real Estate partners Joe Lynch and Meghan Altidor, and strategic policy advisor Deborah VanAmerongen representing the developer in the deal.

HUD Makes COVID-19 Relief Funds Available

Affordable Housing Finance | July 28, 2020

This article on the $224 million in supplemental payments that the Department of Housing and Urban Development is making available to owners of properties receiving project-based rental assistance links to New York City Affordable Housing & Real Estate counsel Kathie Soroka and strategic policy advisor Deborah VanAmerongen’s client alert on the topic.

Transactions & Financings

Senior Housing News | July 22, 2020

Nixon Peabody client Hebrew SeniorLife (HSL) was included in this roundup of notable deals for closing on the financing of two Boston-area properties that will help the organization with its post-pandemic future. Affordable Housing & Real Estate partner Jeff Sacks, and associates Ali Walendziak and Alexander Rosso were mentioned for representing HSL in the Randolph financing. Jeff Sacks and Affordable Housing & Real Estate associate Julie Hancock Stande were noted for representing HSL in the Brookline transaction. All the attorneys are based in Boston.

Relief for Condominium Sponsors Due to the COVID-19 Pandemic

New York Law Journal | July 16, 2020

In her latest “Ask the Former Regulator” column, New York City Affordable Housing & Real Estate partner Erica Buckley examines some of the limited relief afforded to condominium sponsors under the recent executive orders signed by Governor Andrew Cuomo.

Addressing the Threat of Homelessness

Affordable Housing Finance | June 23, 2020

In this article detailing progress and challenges that housing programs face in their fight against homelessness, New York City Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen provides her perspective on why affordability remains one of the biggest challenges.

INSIGHT: RAD Road to Recovery—HUD Program, Tax Credit Offer Stable Investments

Bloomberg Tax | June 23, 2020

New York City Affordable Housing & Real Estate counsel Kathie Soroka contributed this article on how the Department of Housing and Urban Development’s Rental Assistance Demonstration program can be combined with low-income housing tax credits to provide stable investment opportunities in uncertain times.

West Village Houses Co-op Transitions From HDFC to Market Rate

Habitat | June 08, 2020

This feature article on New York City’s first-ever Housing Development Fund Corporation cooperative dissolution and reconstitution to free-market status quotes Cooperatives & Condominiums practice team leader Erica Buckley and mentions Affordable Housing & Real Estate counsel Ruben Ravago, both of New York City, for advising West Village Houses.

Treasury Offers Broad Opportunity Zone Investor Relief

Bloomberg Tax | June 05, 2020

This article quotes Boston Community Development Finance partner Forrest Milder on new Treasury guidance related to opportunity zone investors, noting what he’s been seeing in the space as well as issues that remain unaddressed.

Three Steps to Real Estate Recovery

Pacific Coast Business Times | May 29, 2020

Los Angeles office managing partner and Affordable Housing & Real Estate partner Justin Thompson wrote this article about how the COVID-19 pandemic has impacted commercial real estate and steps that the industry can take towards recovery.

Biotechnology Innovation Organization taps new CEO

Politico | May 14, 2020

This roundup of lobby hires mentions that apartment industry advocacy group National Multifamily Housing Council has hired Washington, DC, Affordable Housing and Real Estate partner Richard Price to lobby on amendments to the CARES Act.

City's tax shortfall stems from the lack of homeownership

Crain’s New York | April 29, 2020

Cooperatives & Condominium practice team leader Erica Buckley contributed this op-ed on New York City’s real estate landscape during the pandemic, offering her outlook and appeal for affordable housing and home ownership.

D.C. Opportunity Zone Developer Closes Financing, To Break Ground Soon On 191 Apartments

Bisnow | April 23, 2020

This article, which mentions NP for representing the developer in the transaction, covers a $50 million financing deal that enables construction of a new 191-unit residential building in Northeast Washington, D.C. The deal team included Washington, D.C. partner Susanna Mitchell, New York City partner Meghan Altidor, and Boston associate Alexander Rosso, all of the Affordable Housing and Real Estate group.

The rent: To pay or not to pay? Amid coronavirus, that is the question for business across Chicago

Chicago Tribune | April 01, 2020

In this front-page article in the Chicago Tribune, Chicago Affordable Housing and Real Estate partner David Allswang provided comments that commercial landlords are bracing for a significant drop in rent payments in April amid the coronavirus crisis, citing anecdotal data from commercial property owners in London.

How COVID-19 is affecting affordable housing (so far)

Affordable Housing Finance | March 31, 2020

Washington, D.C. Affordable Housing and Real Estate partner Richard Price shares his perspective on the early impact of COVID-19 on the affordable housing industry, including how the federal government should respond.

Industry experts Barrack, Penner sound off on the coronavirus crisis

Commercial Observer | March 28, 2020

Los Angeles office managing partner Justin Thompson, of the Affordable Housing and Real Estate practice group, says there is no modern comparison to California’s blanket moratorium on evictions during the coronavirus crisis.

Caution required if co-op and condo boards enlist volunteers

Habitat | March 26, 2020

New York City Affordable Housing and Real Estate partner Erica Buckley and counsel Ruben Ravago co-wrote this contributed article, based on their NP client alert, about the key issues condo boards and co-ops must consider before enlisting the assistance of volunteers during a pandemic.

Key takeaways from HUD’s FAQs on COVID-19

Affordable Housing Finance | March 16, 2020

New York City Affordable Housing and Real Estate Strategic Policy Advisor Deborah VanAmerongen analyzes new COVID-19 guidance from the Department of Housing and Urban Development for owners and managers of HUD-assisted housing.

The 2020 Law Power 100

City and State | March 09, 2020

New York City Affordable Housing and Real Estate partner Erica Buckley appears on this City and State 2020 Law Power List, recognizing New York’s most politically powerful lawyers.

Solar Power Access: A Matter of Justice

Washington Lawyer | March 01, 2020

This in-depth profile of New Partners Community Solar features Nixon Peabody’s role in the project and quotes Washington, DC, Community Development Finance senior counsel Jeff Lesk and senior counsel Herb Stevens.

Regulators extend comment period for CRA changes

National Mortgage Professional | February 20, 2020

This article is about the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency’s decision to extend the public comment period regarding proposed changes to the Community Reinvestment Act, and it mentions Nixon Peabody for New York City Affordable Housing and Real Estate partner Tatiana Gutierrez’s pro bono work as part of the team helping the National Housing Conference develop a detailed response.

Everything you need to know about combining apartments in NYC

Brick Underground | February 19, 2020

This article features New York City Affordable Housing & Real Estate partner Erica Buckley talking about the process for condo and co-op owners who may want to buy a second unit in the same building to combine with their current home.

4 Consideration for Investing in Opportunity Zones

Law360 | February 19, 2020

New York City Corporate partner Rick Cox provides commentary in this article about how managers of qualified opportunity funds can minimize conflicts of interest through organizational documents.

On the Move

Albany Times Union | February 15, 2020

This roundup of personnel moves in the Albany business community highlights the promotion of Albany Affordable Housing and Real Estate partner Peter Trimarchi, who is part of NP’s new partner class for 2020.

People on the Move

Affordable Housing Finance | February 10, 2020

This roundup of personnel moves in the affordable housing space highlights the promotions of Los Angeles Community Development partner Sonia Nayak, Washington, DC, Affordable Housing and Real Estate partner Dara Newman Histed, and New York City Affordable Housing and Real Estate partner Dana Roper, all of whom officially joined the NP partnership this month.

People on the Move

Albany Business Review | January 31, 2020

This round-up of personnel moves in the Albany area features Albany Affordable Housing and Real Estate partner Peter Trimarchi, who is part of NP’s new partner class for fiscal 2020.

Women in Housing and Financing hosts NYC affordable housing panel

New York Real Estate Journal | January 21, 2020

This article highlights New York City Affordable Housing and Real Estate partner Tatiana Gutierrez, who served as moderator of a Social Impact Investing in Housing panel at NP’s office. Tatiana is a board member for Women in Housing and Financing, Inc., which convened the panel.

INSIGHT: Highlights of the final Opportunity Zone regulations

Bloomberg Tax | January 06, 2020

Boston Community Development Finance partner Forrest Milder wrote this contributed article analyzing the recently finalized IRS regulations governing opportunity zones.

First take on final OZ regulations

Affordable Housing Finance | December 26, 2019

Boston Community Development Finance partner Forrest Milder wrote this contributed article analyzing the final IRS regulations governing opportunity zones, the tax-advantaged investment opportunity created by Congress in 2017.

LGBT Affordable Senior Housing Opens in Brooklyn

Multi-Housing News | December 19, 2019

This article about the opening of Stonewall House in Brooklyn—New York State’s first LGBT-friendly affordable elder housing—mentions Nixon Peabody for advising BFC Partners on the development.

Clarifying the Law on Escrow Accounts and Certificates of Occupancy

New York Law Journal | December 18, 2019

In her latest “Ask the Former Regulator” column, New York City Affordable Housing and Real Estate partner Erica Buckley answers a question from a condominium sponsor in New York City who is beginning to sell condo units with only a temporary certificate of occupancy.

The General Counsel’s Big Opportunity to Protect Reputation: 6 Tips

Corporate Counsel | December 16, 2019

This article, covering six tips for general counsel to fortify their corporate reputations, cites New Partners Community Solar Corporation as an example of effectively collaborating with others for greater impact. The authors mention Nixon Peabody’s collaboration with the District Department of Energy & Environment, Brookfield Properties, National Housing Trust Community Development Fund, Enterprise Community Partners, and Sol Systems in forming NP Community Solar.

Medford nonprofit, Jericho developer open housing for vets

Long Island Business News | November 21, 2019

This story highlights Nixon Peabody’s work on a deal to open a 135-unit supportive and affordable housing development for homeless veterans and low-income families in Brooklyn. Partner Aaron Yowell, partner-elect Dana Roper, and strategic policy advisor Deborah VanAmerongen, all of the Affordable Housing & Real Estate Group in New York City, were part of the deal team. Aaron is quoted in the article.

Career Tracker

Reuters Legal | November 12, 2019

This roundup of personnel moves in the legal industry highlights the promotions of Complex Commercial Disputes partner Kathleen Ceglarski Burns and Affordable Housing and Real Estate partner Chris Froeb to co-OMPs of the Boston office.

The Generals’ Next War

Best Lawyers | October 21, 2019

San Francisco Affordable Housing & Real Estate partner Alison Torbitt wrote this contributed article analyzing the increasing appetite among employees and investors for corporate social responsibility and environmental, social and governance standards. Alison also writes about how companies’ general counsels can participate in these initiatives.

Investors urged to look at multiple benefits of opportunity zones

Rochester Business Journal and The Daily Record | October 11, 2019

This story quotes Rochester Affordable Housing and Real Estate partner Bruce Baker on the variety of different ways for investors to take advantage of opportunity zones, in Rochester and across the country.

Martin Act amendments: Threshold for effective offering plan

New York Law Journal | September 30, 2019

In the latest installment of her “Ask the Former Regulator” column, New York City Affordable Housing and Real Estate partner Erica Buckley analyzes new legislative language that changes the threshold for effective offering plans on rental conversions.

Inside Bernie Sanders’ $2.5T housing plan

The Real Deal | September 17, 2019

New York City Affordable Housing and Real Estate partner Erica Buckley comments on presidential candidate Bernie Sanders’ proposed plan for increased federal funding for community land trusts, an arrangement in which nonprofits acquire land as a permanent location for affordable housing.

ATB clarifies tax method for ‘entry fee communities’

Massachusetts Lawyers Weekly | August 22, 2019

Boston Affordable Housing and Real Estate partner Jeff Sacks wrote this contributed article analyzing a ruling by the Appellate Tax Board on the proper method of determining real estate taxes for senior living facilities that use an entry fee model. Boston law clerk Thomas Jackson contributed to the article.

People on the Move

Affordable Housing Finance | August 08, 2019

This roundup of executive moves in the affordable housing space includes the arrivals of two New York City associates, Abigail Patterson and Richard Shore, both of the Affordable Housing and Real Estate practice group.

NYC Real Estate Week in Review

Law360 | July 16, 2019

This roundup of high-profile activity in the real estate market features partner Aaron Yowell and associate Julia Casteleiro, both of the Affordable Housing and Real Estate practice group in New York City, who provided counsel to Camber Property Group LLC in its $76.25 million purchase of a building and air rights in the Bronx.

Citizens committee gets new board member

New York Nonprofit Media | July 10, 2019

This article highlights New York City Affordable Housing & Real Estate partner Tatiana Gutierrez’s appointment to the Board of Citizens Committee for New York City.

New York Rent Law Sparks Response from Real Estate Industry

The Real Deal | July 01, 2019

This article features New York City Affordable Housing & Real Estate partner Erica Buckley discussing a new statewide housing law that could have a major impact of landlords’ ability to move forward with condo conversions.

Mod rehab and RAD: The time might be now

Affordable Housing Finance | June 10, 2019

New York City strategic policy advisor Deborah VanAmerongen and Washington DC partner Nate Cushman, both of the Affordable Housing and Real Estate practice group, co-wrote this contributed article highlighting opportunities under HUD’s Rental Assistance Demonstration program.

MWAA's Dulles Toll Road deal prices; more muni supply on the way next week

The Bond Buyer | June 06, 2019

This article mentions Nixon Peabody as bond counsel to Metropolitan Washington Airports Authority’s sale of $164.31M revenue refunding bonds.

Real estate lawyers on the move

Law360 | May 15, 2019

The following stories highlight the addition of New York City Affordable Housing & Real Estate counsel Shakti Rhys to Nixon Peabody’s Co-ops and Condos practice.

Opportunity Zone investing—How is debt handled in determining the basis step-up after 10 years?

Bloomberg Tax | May 15, 2019

Boston Community Development Finance partner Forrest Milder wrote this contributed article explaining the math behind determining the fair market value of a qualified opportunity fund partnership interest after 10 years.

The 2019 Law Power 50

City & State | May 13, 2019

New York City Affordable Housing and Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley is included in this inaugural list of the 50 most influential lawyers in New York state.

Experts delve into Opportunity Zones and housing

Affordable Housing Finance | April 21, 2019

Boston Community Development Finance partner Forrest Milder discusses opportunity zones and housing in this video from the AHF Live Forum.

Opportunity zone rules leave out data reporting, penalty details

Bloomberg Tax | April 21, 2019

Boston Community Development Finance partner Forrest Milder is quoted in this article, discussing possible confusion stemming from the murky definition of “independent contractor” in proposed IRS rules governing opportunity zones.

Top DC building owners install solar panels as city sets ambitious clean energy goal

Bisnow | April 09, 2019

This article highlights Nixon Peabody’s nonprofit, New Partners Community Solar. The piece covers phase one of the program and its continued efforts to partner with Washington, DC, building owners to install solar panels on multiple new sites, which will produce renewable energy to benefit local low-income residents. The piece also notes that Washington, DC, Community Development Finance partner Jeff Lesk will discuss this clean energy initiative at Bisnow’s upcoming Greater DC Solar and Sustainability Summit.

Senior housing looks more like luxury apartments today, but it can be harder to build

Bisnow | March 28, 2019

Washington, DC managing partner Colette Dafoe is highlighted in this article for her role as moderator of Bisnow’s Greater DC State of Senior Housing event.

Wellfleet housing ‘can happen here’

Wicked Local Provincetown | March 20, 2019

Boston Affordable Housing & Real Estate partner Jeff Sacks is quoted in this article about a proposed affordable housing development in Wellfleet.

Getting off the ground

Long Island Business News | March 18, 2019

New York Affordable Housing partner and Chief Innovation Officer Aaron Yowell is quoted in this article, discussing the groundbreaking of Concern for Independent Living’s $25 million, 77-unit affordable housing development in Port Jefferson Station.

Municipal bonds: The antidote for those retail investors on a low-SALT diet

The Bond Buyer | March 11, 2019

In a trends article on the municipal bond market, Nixon Peabody is mentioned as bond counsel to the New York Metropolitan Transportation Authority’s anticipated $750M sale of Series 2019A dedicated tax fund bond notes.

Episode 23: How the Mobility Revolution is Reshaping Real Estate Development

CoMotion | March 04, 2019

Los Angeles Affordable Housing and Real Estate Group partner Justin Thompson and associate Garth Bostic discuss the rapidly changing urban mobility landscape and how it will impact real estate development in the future.

‘Grossing Up’ and ‘Seller Concessions’: Advice for Sponsors

New York Law Journal | March 01, 2019

Cooperatives & Condominiums Practice Team Leader Erica Buckley, based in New York City, authored this “Ask the Former Regulator” column. The article discusses “grossing up” and “seller concessions” and what scenarios are permissible under the Martin Act in New York.

Number games: How developers inflate the height of their penthouses

The Real Deal | February 19, 2019

New York City Affordable Housing & Real Estate partner Erica Buckley is quoted in this story on the common practice of misnumbering residential floors in luxury condo developments to give the impression of a higher position in the building.

Nixon Peabody promotes 4 to partner

Affordable Housing Finance | February 12, 2019

The promotions of new Nixon Peabody partners Ed Campbell, Nate Cushman, John Marti and Susanna Mitchell are mentioned in this roundup of notable career moves.

Top 5 Ways to Use Opportunity Zone Funds in LIHTC Deals

Affordable Housing Finance | February 07, 2019

New York City Affordable Housing and Real Estate counsel Kathie Soroka and Boston Community Development Finance partner Forrest Milder contributed this article outlining five ways in which low-income housing tax credit transactions can benefit from opportunity zone funds.

The Unicorn Watch New Black Partners

American Lawyer | February 05, 2019

In this article covering African-American attorneys in the newest partner classes of Big Law firms, Nixon Peabody’s 2019 partner class is noted for being 60 percent diverse, and highlights the promotions of Boston Community Development Finance Partner John Marti and Los Angeles Affordable Housing and Real Estate Partner Edward Campbell.

Out of the comfort zone: Newbies take to opportunity zones

Commercial Observer | January 21, 2019

New York City Affordable Housing & Real Estate partner Aaron Yowell is quoted extensively in this story on how potential investors in opportunity zones are navigating this complex new development vehicle.

2019 Notable Women in Law

Crain’s New York | January 01, 2019

New York City Affordable Housing & Real Estate partners Erica Buckley and Tatiana Gutierrez are featured on this annual list honoring the top women in law in New York.

Planning agency can challenge foreclosure

Massachusetts Lawyers Weekly | December 26, 2018

Boston Affordable Housing & Real Estate partner Jeff Sacks is quoted in this article on the ability of municipal planning agencies to respond to possible foreclosure of affordable housing properties.

Spread of autonomous vehicle technology fosters opportunities for lawyers

The American Lawyer | December 05, 2018

Los Angeles Office Managing Partner Justin Thompson is quoted in this article, discussing how the increasing prevalence of autonomous vehicles will affect zoning regulations, parking counts and urban development.

INSIGHT: A dozen things you should know about setting up an opportunity fund

Bloomberg Tax | November 28, 2018

Boston Community Development Finance partner Forrest Milder wrote this contributed article outlining key details that investors and developers need to know as they utilize the opportunity zone provisions created by the 2017 tax law.

10 takeaways from AHF Live

Affordable Housing Finance | November 15, 2018

New York City strategic policy advisor Deborah VanAmerongen, of the Affordable Housing & Real Estate practice group, says the new leadership of the House Appropriations Committee is likely to push the Department of Housing and Urban Development for additional financing for affordable housing.

Private developers will soon maintain 62,000 NYCHA apartments

The Gothamist | November 15, 2018

New York City Affordable Housing & Real Estate counsel Kathie Soroka is quoted extensively in this story about the city’s plan to use the federal Rental Assistance Demonstration program to improve thousands of Section 8 apartments.

NYC real estate week in review

Law360 | November 04, 2018

New York City Affordable Housing and Real Estate partner Aaron Yowell and associate Jessica Valentino are mentioned for their representation of Harlem Congregations for Community Improvement in its $29.1 million purchase of two Manhattan apartment buildings.

The federal circuit vacates the Alta Wind decision

International Energy Law Review | October 31, 2018

Boston Community Development Finance partner Forrest Milder authored this column about a recent Federal Court of Appeals ruling to overturn the Alta Wind decision, and its possible implications for the energy industry and projects involving government grants or tax credits.

Contacts

Michael J. Goldman

Partner
Chair, Project Finance, Infrastructure & Real Estate Department

mjgoldman@nixonpeabody.com

Phone: 202-585-8289

Matthew W. Mullen

Partner
Community Development Finance Practice Group Leader

mmullen@nixonpeabody.com

Phone: 202-585-8128

Denise A. Pursley

Partner
Practice Group Leader, Real Estate

dpursley@nixonpeabody.com

Phone: 516-832-7542

  • Recognized by U.S. News-Best Lawyers 2020 as a national Tier 1 leader for Real Estate Law
  • Recommended by The Legal 500 United States 2016 for Real estate and construction—Construction (including construction litigation)

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