Cozen O’Connor announced that she had made another addition to her growing real estate practice with the hiring of commercial real estate attorney Nicholas Richard. Richard joined the New York office located at 3 World Trade Center as a member. Richard is a well-regarded commercial real estate attorney who has represented institutional investors, developers, operators, landowners and financial institutions in a variety of sophisticated, large-scale real estate transactions. He brings extensive joint venture experience, including a wide range of transactions involving atypical aspects, such as distressed partnership assets, ownership restructurings, bespoke ownership structures and the exercise of liquidity rights.
“There has been consistency throughout the pandemic; the real estate market continues to remain at the forefront of activity and shows no signs of slowing down. In order to put the interests of Cozen O’Connor’s clients first, we want to ensure that we continue to have colleagues who are well versed in the often nuanced and complicated world of transactional real estate law,” said James R. Williams, co-chairman of the Cozen O’Connor real estate practice. “Nick is a seasoned professional with an excellent reputation for relationship building, which is often at the center of real estate transactions. I am delighted to have him on board.
Over the past decade, Richard has been a trusted resource for many high profile real estate projects in New York. As Associate Counsel for Silverstein Properties, he was instrumental in negotiating and drafting architectural services and construction, consulting and sales agreements for the World Trade Center redevelopment. He also advised and assisted the Silverstein organization in navigating a complex web of legal rights and obligations of various stakeholders involved in the World Trade Center redevelopment effort and served as a critical liaison between officials of the engineering and construction from Silverstein. Richard will reunite with former Executive Vice President and General Counsel of Silverstein Properties, Jonathan W. Knipewho joined Cozen O’Connor’s real estate practice last March.
“Nick is a trusted advisor who can roll up his sleeves and get to the heart of complex financial transactions in commercial real estate. Having someone who brings deep experience from both sides of the transaction – whether representing investors or developers, is another powerful resource we can offer Cozen O’Connor clients,” commented Michael C. Schmidt, Cozen O’Connor co-managing partner of the New York office. “It seems fitting that he has the opportunity to work in our offices at 3 World Trade Center, a property in which he was instrumental in redevelopment and construction.”
“It’s a kind of homecoming, especially meaningful for me to join Cozen O’Connor’s real estate practice group at the World Trade Center, the revered site that I had the privilege and pleasure of being part of his rebirth”, Richard mentioned. “I am delighted to have the opportunity to work with my new colleagues to manage our clients’ complex commercial real estate transactions, with a focus on joint venture acquisitions, divestitures and ownership restructurings. »
Richard received his BA from Purchase College and his JD from Brooklyn Law School, where he graduated cum laudewas deputy editor of Brooklyn Journal of International Law, and was the recipient of the CALI Award of Excellence for the Future in Condominium, Co-operative and HOA Law. After serving as an associate attorney at Silverstein Properties, and prior to joining Cozen, Richard served as a commercial real estate attorney at a major New York law firm for over a decade.
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