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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

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.

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 17, 2019

New York City Affordable Housing & Real Estate partner Aaron Yowell is quoted in this story for representing client Concern for Independent Living on a deal to build a new $25 million affordable housing project for veterans on Long Island.

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.

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.

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.

What would Tish James do?

The Real Deal | September 30, 2018

New York City Affordable Housing & Real Estate partner Erica Buckley is quoted extensively in this article about how a win for Democratic attorney general candidate Tish James could impact the city’s real estate industry.

Maintaining quality in affordable housing

Capital Tonight | September 26, 2018

New York City Affordable Housing & Real Estate senior strategic advisor Deborah VanAmerongen was a guest on Spectrum News’ “Capital Tonight” newscast for a panel discussion on affordable housing in upstate New York.

What would Attorney General Letitia James mean for real estate?

The Real Deal | September 18, 2018

New York City Affordable Housing and Real Estate partner Erica Buckley is quoted in this article about how New York real estate will evolve if nominee Letitia James becomes the next attorney general. 

Health systems' scale not linked to better revenue

Modern Healthcare | September 11, 2018

In this article on a study by Navigant Consulting that explores the size of health systems and their revenue, Chicago Project Finance and Public Finance partner Tom Fahey is quoted for his outlook on M&A activity.

NYC real estate week in review

Law360 | September 03, 2018

This weekly roundup of notable real estate deals mentions New York City Affordable Housing and Real Estate partner Joe Lynch’s work as counsel to affordable housing developer Breaking Ground in its $170 million purchase of a historic building in Brooklyn.

Behind the AG finance bureau’s master plan

The Real Deal | August 31, 2018

New York City Affordable Housing and Real Estate partner Erica Buckley provides commentary in this article is about the impact of the New York Attorney General Real Estate Finance Bureau’s work to modernize operations, strengthen enforcement and broaden its scope.

Uncertainty blows through tax equity market after inconclusive court decision

Power Finance and Risk | August 15, 2018

Boston Community Development Finance partner Forrest Milder is quoted in this story for his analysis of a recent U.S. Appeals Court decision that could negatively impact the reliability of valuations used in renewable project deals.

SJC limits public funding of church preservation

Massachusetts Lawyers Weekly | August 15, 2018

Boston Affordable Housing & Real Estate partner Jeff Sacks wrote this contributed article analyzing a recent decision by the Massachusetts Supreme Judicial Court that “likely will lead to greater scrutiny of all historic preservation projects involving church properties.”

Tax reform scorecard: The good, the bad and the uncertain

Tax Credit Advisor | July 31, 2018

Chicago Community Development Finance partner Andrew Tripp is quoted extensively in this article about the impact of tax reform on the tax credit industry.

Forming opportunity funds: Expecting startups by year-end

TaxCredit Advisor | June 30, 2018

Chief Innovation Officer Aaron Yowell, also a New York City Affordable Housing and Real Estate partner, is quoted in this article discussing the pace of progress on forming opportunity funds. Click here to read the full article: “Forming opportunity funds: Expecting startups by year-end

Ones to watch: real estate, architecture, engineering and construction

Long Island Business News | June 18, 2018

Long Island affordable housing and real estate associate Michael Webb is mentioned in this article as one of the publication’s “Ones to Watch,” a who’s who of rising professionals in the area.

Sizing up the AG contenders

The Real Deal | May 31, 2018

New York City affordable housing and real estate partner Erica Buckley, who was formerly chief of the Real Estate Finance Bureau in the state attorney general’s office, is quoted in this story for her perspective on how a new leader will change the office’s approach to housing law.

Nixon Peabody scoops up P3, project finance pro in NY

Law360 | May 24, 2018

Media coverage of the arrival of New York City public finance and project finance partner Roderick “Roddy” Devlin continues with this profile in Law360, which highlights some of Roddy’s largest recent deals, including the $4 billion public-private partnership to upgrade New York’s LaGuardia Airport.

Nixon Peabody beefs up NY real estate group with new partner, new practice

American Lawyer | May 23, 2018

Affordable housing and real estate partner Erica Buckley and project finance and public finance partner Roddy Devlin are both quoted in this article announcing an expansion of our real estate practice in New York City.

How a DC law firm installed solar panels to help low-income people save on utilities

Washington Post | May 10, 2018

Nixon Peabody’s pro bono solar panel project is featured in this article.  Washington DC tax credit finance and syndication partner Jeff Lesk and senior counsel Herb Stevens are quoted throughout this feature which highlights how this first-of-its-kind project benefits low-income residents in the DC community.

Law360 names attorneys who moved up the firm ranks in Q1

Law360 | May 06, 2018

In this roundup of promotions to partner and firm management positions, 14 attorneys from Nixon Peabody are highlighted. The 11 attorneys promoted to partner are Ellie Altshuler, Mark Beaudoin, Erik Birkeneder, Hannah Bornstein, Chris Browning, Barry Carrigan, Keri McWilliams, Matt Mullen, Steven Richard, Charles Tamuleviz and Alison Torbitt. In addition, Kenneth C. Lind was promoted to leader of the firms’ public finance practice group, Justin Thompson was promoted to office managing partner in LA, and Aaron Yowell was promoted to chief innovation officer.

Above & Beyond: Honoring 30 of New York’s Most Remarkable Women

City & State New York | March 26, 2018

New York City affordable housing strategic policy advisor Deborah VanAmerongen has been named one of the New York’s most remarkable women for her work on housing policy.

NYCHA on the brink

Affordable Housing Finance | March 26, 2018

New York City affordable housing strategic policy advisor Deborah VanAmerongen provides thought leadership on New York City and state funding for public housing.

Demo Plan Collapses as WV Houses Go Market Rate

The Villager | March 08, 2018

New York City affordable housing partner Erica Buckley is mentioned in this article for representing the board of the West Village Houses complex as it transitions from an HDFC co-op to a normal co-op.

N.J. senior community undergoes RAD transformation

Affordable Housing Finance | December 17, 2017

Nixon Peabody is mentioned in this article for working with Silver Street Development Corp. to leverage the federal Rental Assistance Demonstration (RAD) program to increase the number of affordable housing units in a New Jersey senior housing community.

Senate passes tax bill as housing advocates work to preserve bonds

Affordable Housing Finance | December 03, 2017

Washington DC tax credit finance and syndication partner Rick Goldstein is quoted in this article on the differences between the Senate and House tax bills in their impact on affordable housing in the U.S.

How tax reform could devastate the affordable housing market

National Mortgage News | November 30, 2017

Washington DC tax credit finance and syndication partner Rick Goldstein is quoted this article on how the tax reform plan would impact affordable housing in the U.S.

Blank Rome, Nixon Peabody steer $53M loan for Bronx apartments

Law360 | November 27, 2017

New York City affordable housing partner Aaron Yowell counseled Park Management Inc. in its $53 million acquisition of a seven-floor apartment building in the Bronx serving lower-income renters.

Affordable housing developers, financiers worried about potential effects of tax reform

Bisnow | November 27, 2017

Washington DC affordable housing associate Susanna Mitchell was quoted in this article for her outlook on how a decrease in the corporate tax rate could make it more difficult to strike deals with investors for affordable housing projects.

House passes tax reform bill; Senate Finance Committee sends bill to floor

Affordable Housing Finance | November 16, 2017

This article covers Affordable Housing Finance’s recent annual AHF Live: The Affordable Housing Developers Summit in Chicago and quotes Washington, DC tax credit finance and syndication partner Rick Goldstein discussing the proposed tax reform bill.

How tax reform could devastate the affordable housing market

American Banker | November 14, 2017

Washington DC tax credit finance and syndication partner Rick Goldstein provides commentary about private activity bonds in the following coverage about how the proposed tax reform bill will impact affordable housing.

Squawk on the Street

CNBC | November 13, 2017

Washington DC tax credit finance and syndication partner Rick Goldstein provides commentary about private activity bonds in the following coverage about how the proposed tax reform bill will impact affordable housing.

Nightly Business Report

PBS | November 13, 2017

Washington DC tax credit finance and syndication partner Rick Goldstein provides commentary about private activity bonds in the following coverage about how the proposed tax reform bill will impact affordable housing.

Republican tax plan would decimate affordable housing in New York, advocates and city officials warn

POLITICO New York | November 02, 2017

Washington DC tax credit finance and syndication partner Rick Goldstein is quoted in this article about the impact of the House Tax Reform Bill on affordable housing.

City Offering $250 Million to Mitchell-Lamas to Stay Put

Habitat | October 31, 2017

This article quotes New York City affordable housing partner Erica Buckley regarding Major Bill de Blasio’s $250M offering plan to preserve Mitchell-Lamas in the city.

The U.S. is withdrawing from UNESCO—What happens now?

Artsy | October 12, 2017

Washington DC tax credit finance and syndication partner Andrew Potts, a former executive director of the United States National Committee of the International Council on Monuments and Sites, is quoted in this article about the Trump administration’s decision to withdraw from UNESCO, the United Nation’s cultural organization, by the end of this year.

Interest in historic preservation growing in Detroit

WDET-FM (NPR Detroit) | October 11, 2017

In this radio segment about the increase of rehabilitation investment and construction in Detroit over the past few years, Washington DC tax credit finance and syndication partner David Schon discusses how to take advantage of historic preservation tax credits for the city’s historical buildings.

Sol Systems monetizes SRECs for first Community solar project in DC

Sol Systems | September 21, 2017

This article is about a partnership between Sol Systems and New Partners Community Solar Corp., a nonprofit founded by Washington DC tax credit finance and syndication partners Jeff Lesk and Herb Stevens, to monetize solar renewable energy credits from the community solar project in DC.

The incredible shrinking Mitchell-Lama program

Habitat | September 06, 2017

New York affordable housing partner Erica Buckley is quoted in this article about the state of the Mitchell-Lima affordable housing program in New York.

AHF showcases industry’s rising stars

Affordable Housing Finance | August 29, 2017

Affordable Housing Finance named Los Angeles affordable housing associate Ed Campbell one of the 2017 Young Leaders, which recognizes six individuals under 40 who play a vital role in affordable housing across the U.S.

The war inside Trump Village

Crain’s New York | August 20, 2017

New York City affordable housing partner Erica Buckley provides commentary on the complications that arise when apartments exit affordable housing programs.

Consensus forming on housing credits, but hurdles remain

Law360 | August 01, 2017

Washington DC affordable housing partner Richard Price is quoted in this article about the Senate Finance Committee's hearing regarding the potential increased availability of affordable housing tax credits.

HDFC's Proposed Regulations Shake Up Co-op Shareholders

The Cooperator | July 26, 2017

New York City affordable housing partner Erica Buckley provides third-party commentary about a proposed regulation by New York City’s Housing Preservation and Development department (HPD).

The laterals audit: tax attorney moves in June

Law360 | June 29, 2017

The following coverage includes the arrival of New York City affordable housing partner Erica Buckley to Nixon Peabody.

Who’s news

Real Estate Weekly | June 29, 2017

The following coverage includes the arrival of New York City affordable housing partner Erica Buckley to Nixon Peabody.

HPD says new 421a “undermines” parts of inclusionary housing program

The Real Deal | June 28, 2017

New York City affordable housing partner Erica Buckley is quoted in this article about a new rule change proposed by the Department of Housing Preservation and Development that will limit how air rights are distributed to developers.

Movers & Shakers

The Deal | June 11, 2017

This coverage includes the arrival of New York City affordable housing partner Erica Buckley to Nixon Peabody.

Nixon Peabody adds affordable housing pro from Stroock

Law360 | June 07, 2017

This feature discusses how Erica’s extensive experience, particularly in 421-A tax exemptions and the Martin Act, having previously served as the chief regulator of the Real Estate Finance Bureau of the NY Attorney General’s office, will bolster NP’s affordable housing practice.

On the move

New York Law Journal | June 07, 2017

This feature discusses how Erica’s extensive experience, particularly in 421-A tax exemptions and the Martin Act, having previously served as the chief regulator of the Real Estate Finance Bureau of the NY Attorney General’s office, will bolster NP’s affordable housing practice.

People on the move

Bloomberg BNA | June 05, 2017

This article mentions New York affordable housing partner Erica Buckley’s arrival at Nixon Peabody.

People on the move

Affordable Housing News | June 05, 2017

This article mentions New York affordable housing partner Erica Buckley’s arrival at Nixon Peabody.

Exercise of property right, or zoning by another name?

Massachusetts Lawyers Weekly | April 19, 2017

Boston affordable housing partner Jeff Sacks and Manchester commercial litigation associate Chris Minue were included in this article which focuses on a legal battle to bring new affordable housing units to the city of Newton, a suburb of Boston.

Nixon Peabody steers $78M Bronx apartment deal

Law360 | April 17, 2017

New York City affordable housing partner Joseph Lynch is mentioned in this article as representing nonprofit HP Michelangelo Housing Co. Inc. in its acquisition of an apartment complex in the Bronx for $78.1M.

SVN Affordable arranges $30.5M sale of section 8 multifamily property in metro Baltimore

Real Estate Business | April 05, 2017

This article mentions Nixon Peabody as Millennia Housing Development’s Department of Housing and Urban Development counsel in its acquisition of a 303-unit affordable housing property in Maryland for $30.5M.

Q&A: The future of DC affordable housing

Bisnow | April 04, 2017

This Q&A with Washington DC office managing partner Jeff Lesk is about the future of affordable housing and community development amid looming tax reforms and potential cuts to federal programs. Click here to read the full article.

Millennia adds to its portfolio

Affordable Housing Finance | April 03, 2017

Nixon Peabody is mentioned in this article as Millennia Housing Development’s Department of Housing and Urban Development counsel in its acquisition of a 303-unit affordable housing property in Maryland for $30.5M.

Radio broadcast segment

WNYC-FM | March 27, 2017

New York City affordable housing partner Joseph Lynch is mentioned in this radio broadcast segment discussing how the Trump Administration’s tax reform may affect affordable housing projects.

Trump's tax plan isn't even law and already it's taken a toll on city's affordable housing projects

Crain’s New York Business | January 17, 2017

New York City office managing partner and affordable housing partner Joe Lynch is quoted in this article about how the Trump administration’s proposed corporate tax cuts are already affecting affordable housing developers in New York City who use tax credits to finance their projects.

The current: ten things to know when combining renewable energy and low-income housing tax credits

Novagradac: Journal of Tax Credits | January 09, 2017

Boston tax credit finance and syndication partner Forrest Milder authored this article about ten things people should keep in mind when combining low-income housing tax credits (LIHTC) and renewable energy tax credits (RETC).

An open letter to Dr. Ben Carson: Nixon Peabody’s Deborah VanAmerongen shares her thoughts for the next HUD secretary

Affordable Housing Finance | January 03, 2017

In this open letter to U.S. Department of Housing and Urban Development (HUD) secretary nominee Dr. Ben Carson, New York City affordable housing strategic policy advisor Deborah VanAmerongen shares her insights on working with HUD and advice for the future.

2017 predictions: What’s ahead for the affordable housing industry?

Affordable Housing Finance | January 03, 2017

This story focuses on the 2017 affordable housing industry outlook. New York City affordable housing strategic policy advisor Deborah VanAmerongen is quoted discussing the Low Income Housing Tax Credit program.

Nixon Peabody funds biggest CRE solar panel installation in DC

Bisnow | December 21, 2016

Washington DC office managing partner Jeff Lesk is quoted in this feature story about DC’s first large-scale downtown commercial Community Solar project on the roof of Nixon Peabody’s Washington DC office. This article focuses on the innovation and uniqueness of the NP Solar project. 

Affordable senior housing coming to Boston suburb

Multi-Housing News | November 21, 2016

Nixon Peabody is mentioned as legal counsel representing the developers of Hearth at Four Corners, a 54-unit affordable senior community in Dorchester, MA. Boston affordable housing partner Jeff Sacks is lead counsel on this project.

Industry leaders cautiously optimistic post-election

Affordable Housing Finance | November 20, 2016

New York City Affordable Housing strategic policy advisor Deborah VanAmerongen is quoted in this article about impacts the election may have on the New York City affordable housing industry. In the article, Deborah emphasizes that President-elect Trump knows real estate finance, is from New York, and likely understands the importance of affordable housing programs.

Manufactured triggering of right of first refusal upheld

Massachusetts Lawyers Weekly | November 09, 2016

Boston Affordable Housing partner Jeffrey Sacks was quoted in this article about a homeowner’s rehab case regarding the exercise of right of first refusal under Section 42(i)(7).

Boston business leaders react to news of President-elect Donald Trump

Boston Business Journal | November 08, 2016

This article is a roundup of Boston-area business leaders’ reactions to the outcome of the U.S. presidential election. Boston Real Estate partner Chris Froeb comments on the impact the Trump administration may have on the Boston real estate community.

Multifamily finance experts: No national bubble, but concern about some markets

Bisnow | October 20, 2016

Washington DC Affordable Housing partner Meghan Altidor participated in an affordable housing trends panel discussion at Bisnow's Multifamily Annual Conference.  She was quoted in this article noting new players such as those in the private equity space who are now getting involved in a number of affordable housing deals.

Why Boston's One of the Toughest Places to Develop Affordable Housing

Bisnow | October 04, 2016

Boston Affordable Housing partner Jeff Sacks is mentioned in this article about a recent panel he moderated focused on the challenges of affordable housing in the Boston area.

421-a's Gone, So Affordable Housing's Getting Creative

Bisnow | September 11, 2016

New York City affordable housing partner Aaron Yowell is quoted in this article that looks at the increasing need for affordable housing in New York City and how it’s becoming harder to get this done—especially in light of the loss of the 421-a tax exemption program.

Wrestling with Disparate Impact: Fair Housing Developments a Year After Supreme Court’s Decision

Tax Credit Advisor | August 31, 2016

Washington DC Affordable Housing partner Harry Kelly authored this column discussing the various consequences of a Supreme Court decision regarding disparate impact liability.

Contacts

Michael J. Goldman

Partner
Department Head, Project Finance, Infrastructure & Real Estate

mjgoldman@nixonpeabody.com

Phone: 202-585-8289

Denise D. Pursley

Partner
Practice Group Leader, Real Estate

dpursley@nixonpeabody.com

Phone: 516-832-7542

Gregory N. Doran

Partner
Community Development Finance Practice Group Leader

gdoran@nixonpeabody.com

Phone: 202-585-8266

  • Recognized by U.S. News-Best Lawyers 2019 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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