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Public/Private Ventures
November 29, 2009 Full PDF
An article written by real estate partner Meredith Kane is featured in the "Real Estate Trends" section of today's New York Law Journal. The article, "Public/Private Ventures," discusses the opportunities available to New York's major civic institutions -- schools, hospitals, churches, museums, universities and libraries -- in leveraging their prime New York real estate holdings into newly constructed, state-of-the-art facilities in conjunction with developers. As Meredith explains, these are creative transactions in which the institution "essentially conveys the unused development potential of the site to a developer, in return for the developer constructing within the new building on the site a new, state-of-the-art facility to be owned and occupied by the institution." Meredith then offers pointers on how to successfully complete these transactions.