Cozen O’Connor introduced it has made one other addition to its rising actual property observe with the rent of economic actual property legal professional Nicholas Richard. Richard has joined the New York Workplace situated at 3 World Commerce Heart as a member. Richard is a well-regarded business actual property legal professional who has represented institutional traders, builders, operators, property house owners, and monetary establishments all through quite a lot of subtle and large-scale actual property transactions. He brings in depth three way partnership expertise, together with a variety of transactions involving atypical features, reminiscent of distressed partnership property, possession restructurings, uniquely tailor-made possession buildings, and the train of liquidity rights.
“There was one consistency all through the pandemic; the true property market continues to stay entrance and middle when it comes to exercise and it’s exhibiting zero indicators of abating. With the intention to put the pursuits of Cozen O’Connor’s purchasers first, we wish to be sure that we proceed to have colleagues who’re properly versed within the typically nuanced and sophisticated world of actual property transactional legislation,” mentioned James R. Williams, co-chair of the Cozen O’Connor Actual Property Apply. “Nick is a seasoned skilled with an amazing repute for relationship constructing, which is commonly on the middle of actual property transactions. I’m excited to have him on board.”
Over the previous decade, Richard has been a trusted useful resource for quite a few high-profile actual property tasks in New York Metropolis. As affiliate counsel of Silverstein Properties, he was instrumental in negotiating and drafting the architectural providers and the development, consulting, and vendor agreements in reference to the World Commerce Heart redevelopment. He additionally suggested and assisted the Silverstein group in navigating a posh community of authorized rights and obligations of the varied stakeholders concerned within the World Commerce Heart redevelopment effort and served as a important liaison between Silverstein’s engineering and building executives. Richard might be reunited with former Silverstein Properties govt vice chairman and basic counsel, Jonathan W. Knipe, who joined Cozen O’Connor’s Actual Property Apply final March.
“Nick is a trusted adviser who can roll up his sleeves and get to the guts of complicated monetary transactions within the company actual property area. Having somebody who brings the depth of expertise on each side of the transaction — whether or not representing traders or builders, is one other highly effective useful resource we will supply Cozen O’Connor purchasers,” commented Michael C. Schmidt, Cozen O’Connor co-office managing associate of the New York workplace. “It appears becoming that he could have the chance to work in our workplaces at 3 World Commerce Heart, a property during which he performed an instrumental function within the redevelopment and building.”
“It is a homecoming of kinds, significantly significant for me to be becoming a member of Cozen O’Connor’s actual property observe group on the World Commerce Heart, the revered website that I had the distinct privilege and pleasure to be part of its rebirth,” Richard mentioned. “I’m thrilled to have the chance to collaborate with my new colleagues in dealing with our purchasers’ complicated business actual property transactions, with a concentrate on three way partnership acquisitions, inclinations, and possession restructurings.”
Richard earned his B.A. from Buy School and his J.D. from Brooklyn Legislation College, the place he graduated cum laude, served because the affiliate managing editor of the Brooklyn Journal of Worldwide Legislation, and was the recipient of the CALI Excellence for the Future Award within the Legislation of Condos, Co-Ops, and HOAs. Following his time as affiliate counsel of Silverstein Properties, and earlier than becoming a member of Cozen, Richard was a business actual property legal professional at a distinguished New York Metropolis legislation agency for over a decade.
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