Real estate experience from the ground up
Carmody represents individuals, developers and investors in a broad range of real estate matters, including acquisitions, sales, financing, leasing, construction, project development, environmental, asset operations and management, and tax and assessment disputes. We also have a long history of representing utilities in related real estate matters.
Some of our specific practice strengths include:
In the real estate industry, few decisions are more critical for success than choosing the right partners who can get the deal done. At Carmody, our Real Estate Group has the local presence and market knowledge coupled with the resources, depth and breadth to help you achieve your goals. We understand that every deal is different, and we know how to identify what your project needs and how to get it done.
Financing solutions for today's volatile real estate market
Carmody brings to bear wide-ranging experience and an integrated approach to meet borrower and lender needs in all types of debt financings, workouts and restructurings. Our experience enables us to customize solutions for today's complex and challenging market to meet your capital needs for property financing. We work with our clients' lenders to structure, negotiate and document real estate financing transactions, including asset-based lending, construction and term loans, security agreements, project financing, loan restructures and workouts, letters of credit, and acquisition financing.
Getting projects done
Carmody is one of the leading zoning and land-use firms in Connecticut. Our clients range from major international corporations to local and national developers, non-profits such as churches, schools, hospitals and clubs, as well as private homeowners and municipalities. Whether representing private developers or municipalities, we work closely with town planners and land use agencies to identify potential legal issues early and offer practical, comprehensive solutions.
With a multidisciplinary, collaborative approach that draws expertise from our environmental, tax, finance, corporate, and dispute resolution practices, we are well-known for our ability to:
Deep insight into government workings
With decades of success and public sector experience, we understand the government, political and policy environments in which the decisions affecting our clients are made. In Connecticut, our unique insight is a result of direct involvement with the state and municipalities.
A problem-solving mindset
Carmody’s Environmental Group focuses on transactions, regulatory compliance, litigation and alternative dispute resolution. We represent regional, national and international businesses, in addition to municipalities, state agencies, commercial lenders, nonprofit organizations, regulated utilities and private citizens in Connecticut environmental matters. Drawing on the firm's strong municipal, regulatory and business practices, we assist clients with:
No matter what the environmental issues may be, we focus on your goals, and strive to manage matters efficiently and in a cost-effective manner.
We represent residential and mixed-use cooperative corporations, condominium associations and boards, as well as developers in all aspects of commercial projects. Our work routinely includes the review and preparation of condominium and owners’ association documents, negotiation of construction loans, land use and zoning, condo conversions, commercial leasing transactions, and enforcement of purchase agreements. Thanks to our decades of experience, we can develop the most effective strategies to resolve complicated issues so that we can help you keep matters moving in the right direction.
Lawyers for the entire housing development lifecycle
Carmody represents property owners and developers in all aspects of acquisition, development, financing and operation of multifamily housing, including senior housing and affordable housing. We are involved in the entire lifecycle of housing development from the early stages of property acquisition and planning through land use approvals, financing, construction, and sale or rent-up and management. Our attorneys are experienced with the financing programs and regulatory requirements of the U.S. Department of Housing and Urban Development (HUD), the Connecticut Housing Finance Authority and other Connecticut agencies, and municipal governments. We have built and maintained strong relationships with members of the affordable housing development community at local, state and national levels.
Our representations frequently include closing equity investment transactions for low-income housing tax credits and state and federal historic preservation tax credits in addition to the closing of governmental financial assistance, tax-exempt bond loan, state agency financing, and commercial loan transactions. We also have experience with property tax abatements, state housing tax credits, energy efficiency financing, and other incentives for housing development.
Connected in Connecticut
We represent numerous governmental and quasi-governmental entities including state and local economic development agencies, state financing authorities, universities and many cities, towns and municipal authorities. Our vast experience spans property acquisitions and sales, financing, leasing, sale/leaseback transactions, land development, construction, property management, planning and zoning and other land use law, environmental law and regulation, title examination and resolution of title issues.
Our Municipal/Government practice encompasses:
Managing taxable moments
Carmody’s Tax Assessment and Valuation Appeals Group understands the process for determining the fair market value of real estate assets, and has experience handling the multitude of issues that affect or influence property valuation.
We work to help property owners pay property taxes based on a fair assessment. In the event there is a need to appeal, our goal is to help our clients achieve the best possible outcome through settlement or trial. While we are ready to go to court to litigate your cause if needed, we always keep your budget and overall goals in mind.
Building blocks for success
Carmody understands the difficult and diverse risks the construction industry faces today. Our attorneys guide you through the planning, design, construction and operation of virtually every type of construction project. We represent owners, contractors, subcontractors and sureties in construction litigation disputes. Many of our clients are project owners in the private and public sectors including the State of Connecticut, large and small municipalities, school boards, hospitals and businesses.
We are adept in projects of all shapes and sizes, but have particular experience in the development and construction of energy-related projects throughout the world. We have represented owners, general contractors, and subcontractors in numerous energy-related construction projects. Our experience includes all traditional forms of fulfillment arrangements (e.g., engineering, procurement, and/or construction), AIA and customized documentation, and transactions related to construction (e.g., project and program management, financing facilities, and ownership structures).
Our lawyers are regularly involved in an expanse of transactions from the every-day to the first-of-its-kind. In addition to our role as legal counsel, we add value through our ability to manage large-scale transactions and to formulate and achieve result-oriented strategies. Whether the project is large or small, we draw on the strengths of our cross-trained professionals to deliver efficient and cost-effective services.
600,000 square feet, 11 stories
97,400 square feet, 3 levels of office space above and 4½ levels of parking
209 residential units
54,250 square feet of retail space, 3,229 square feet of restaurant space, 11,400 square foot gym & 8-screen, 620-seat theater with on-grade and structured parking
129 residential units, 4,900 square feet of restaurant space, 6,900 square feet of medical office space
362 residential units, 38,431 square feet of retail space; 11,550 square feet of restaurant space & parking garage
69 Residential Units
672 residential units housed within 11 buildings and 5,090 square feet of ground floor retail
400,000 square foot athletic club. 65,000 square foot expansion planned for Fall 2014
Headquarters; state-of-the-art 300,000 square foot facility
279,385 square foot, 8-story office building
350,000 square foot, 17-story office building
50 residential units
131 extended stay hotel rooms
35 stories, 106 residential units and ground floor restaurant space
344 residential units and 5,120 square feet of ground floor flex space
107 residential units and 20,700 square feet of retail and restaurant space
Multi-family Residential Development
58 residential units
53 Residential Units
175 residential units
118 dwelling units, 1,500 square feet of ground floor retail, 4,200 square feet of restaurant space
111 residential units
21,000 square foot upscale restaurant with designated off track betting section upstairs