Real Estate Transactions & Development

We help you structure, negotiate and close complicated real estate deals with future-focused, business-grounded advice and practical solutions.

Our approach

Real estate investment remains attractive relative to other asset classes in the United States. We help clients maximize and manage their institutional real estate properties and transform development and land use challenges into success stories.

Acquisitions and dispositions

Acquiring and disposing of real estate assets is complicated. You want someone at the table who is sensitive to the goals of all parties, and will strive to achieve the impossible—that is, make every stakeholder walk away feeling victorious. We bring experience, not ego. And we want to help get your deal done.

We provide clients a complete range of commercial real estate acquisition and disposition services. We can help with every aspect, from negotiating agreements to addressing environmental issues to anticipating tax implications. And we’ve worked on every kind of public or private financing.

Leasing

We handle commercial leasing for tenants, landlords, subtenants and lenders and have handled leases of every conceivable type and configuration. These include special leasing situations, such as those for health care, biotechnology, airport, seaport, energy, rooftop solar and telecommunications facilities as well as government leases. Leasing transactions can also give rise to environmental, zoning and permitting issues, so we provide counsel these issues and perform any necessary due diligence. We advise and assist lenders with lease reviews for real estate financing transactions.

Sustainable development

We work with developers, investors and other real estate industry participants to understand public and private sustainable development tools, requirements and systems, including LEED®, green building acts and other standards. We collaborate with our clients to incorporate these protocols and regulations into development, management and investment programs.

We also assist with incorporating green financial incentives, including renewable energy and other tax credits (such as wind, solar and biomass) into these programs.

Who we work with

  • Developers
  • Investors
  • Borrowers and lenders
  • Landlords and tenants
  • Owners and operators
  • Buyers and sellers

Affordable Housing Developers Build War Chests to Buy Properties

National Real Estate Investor | October 14, 2020

This article, on how developers and investors dedicated to preserving affordable housing are raising capital to bid for properties, quotes New York Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen for her thoughts on buyers’ potential opportunities to purchase several types of properties.

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.

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.

Coronavirus Q&A: Nixon Peabody's Real Estate Leader

Law360 | September 18, 2020

Affordable Housing & Real Estate practice group leader and Long Island partner Denise Pursley is featured in this Q&A article, where she provides her outlook on the real estate industry and how it’s been impacted by the coronavirus pandemic.

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.

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.

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.

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.

NYC Real Estate Week in Review

Law360 | March 04, 2019

Washington DC Affordable Housing & Real Estate partner Susanna Mitchell is mentioned in this article for her representation of the Jewish Association Serving the Aging in a $21 million real estate transfer between two of its entities.

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.

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.

Prospect of China tariffs rattle retail pros

Real Estate Finance & Investment | May 31, 2018

In the following coverage from Real Estate Finance & Investment, Chicago affordable housing and real estate partner David Allswang offers his thought leadership on some of the key issues addressed at the International Council of Shopping Centers conference in Las Vegas.

ICSC: Retail shrinkage is necessary for sector evolution

Real Estate Finance & Investment | May 31, 2018

In the following coverage from Real Estate Finance & Investment, Chicago affordable housing and real estate partner David Allswang offers his thought leadership on some of the key issues addressed at the International Council of Shopping Centers conference in Las Vegas.

Montana Highlights

Big Sky Business Journal | April 08, 2018

Nixon Peabody is mentioned in this roundup of major Montana business news for its representation of Eagle Bancorp Montana, Inc., in its acquisition of Ruby Valley Bank in Twin Bridges, Montana. Nixon Peabody’s deal team was led by Public Company Transactions partner Lloyd Spencer and senior counsel Ray Gustini and included Public Company Transactions partner Sean Clancy, Real Estate partner Colette Dafoe, Energy & Environmental Group partner Jean McCreary, and Labor & Employment partners Jeff Gilbreth, Yelena Gray and Tom McCord.

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