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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
