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Ruben M. Ravago



Ruben Ravago is counsel in Nixon Peabody’s Real Estate and Community Development practice group, where he focuses on the representation of for-profit and nonprofit developers, investors, lenders, and government agencies involved with for-sale housing. Ruben also advises select cooperative and condominium board clients as special counsel, with an emphasis on corporate reorganizations or major redevelopment or infill initiatives.

What do you focus on?

I work with developers and commercial property owners in the acquisition, disposition, development, leasing, and management of mixed-use properties, with an emphasis on for-sale residential projects. I also assist developers in establishing or investing in cooperative and condominium projects and nonprofits in establishing or acquiring leasehold condominiums.

I also serve as special counsel to boards of established buildings on major governance or redevelopment issues, including affordable cooperatives like Housing Development Fund companies and Mitchell-Lamas. Having a background in traditional real estate with a coop/condo specialty means that I also do a lot of peer review for lenders and investors looking to invest in complex condominium or cooperative projects.

With any type of transaction, giving good strategic advice requires understanding both the applicable legal and regulatory backdrop, as well as the particular history and circumstances that give rise to a particular transaction or issue. Appreciating the whole picture helps maximize value for clients and identify a framework for successful negotiations.

What do you see on the horizon?

While we will, without a doubt, continue to see shifts in the for-sale market, I think there will continue to be a focus on affordable housing initiatives, which are critical to maintaining a sustainable inventory of housing for all New Yorkers. Given the shortage of vacant land in major urban areas such as New York City, owners such as existing cooperatives will explore maximizing the upside of underutilized assets such as vacant land. Many clients are just waiting for the right opportunities to arise, and when they do, we will need to be ready to act quickly and effectively. I also look forward to helping both nonprofit and for-profit developers with new for-sale projects, including those focused on affordable and middle-market projects, which are necessary to grow viable and vibrant communities.

From Mitchell-Lama Rental, to HDFC Co-op, and Now to Free-Market

The Cooperator | June 16, 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.

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.

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.

Contact

Ruben M. Ravago

Counsel

New York

Phone: 212-940-3735


Fax: 844-797-7648

Georgetown University Law Center, J.D.

Occidental College, B.A.

New York

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