Richard S. Novak

• Represent offshore wind developer in complex public-private partnership (PPP) conversion of underutilized New England marine terminal into premier heavy-lift capable OSW turbine staging site
• Represent offshore wind developer in PPP conversion of former marine oil terminal into assembly and heavy-lift capable Roll-on, Roll-off (RORO) manufacturing for OSW foundation components
• Represent Europe-based international solar energy developer on structuring and roll-out of their U.S. operations, and numerous commercial scale (40+ MW) projects in New England and southeastern United States
• Represent purchaser in acquisition of 730 MW gas-fired combined cycle facility in waterfront area, including subsequent operations/ expansion and permitting support
• Represent purchaser in acquisition of 700 MW gas-fired combined cycle facility
• Represent bidder in due diligence on 1,270 MW New England renewable energy portfolio consisting of hydro dams, wind turbines, and gas-fired generation facilities, including ongoing representation of buyer on acquisition of 690+ MW wind and gas-fired facilities
• Represented purchaser in due diligence, permits acquisition and development of proposed 400 MW combined cycle facility
• Represented project owners in portfolio sale of hydro and oil-fired facilities
• Represented owner/redeveloper in repowering and reopening failed small scale cogeneration plant
• Representation of project proponent in peak unit development
• Representation of project owner in nuclear facility decommissioning

Redevelopment & Rehabilitation Matters

• Represented data center developer in conversion of defunct mill city factory into 300,000 sq. ft. first-class technology facility
• Rehabilitation of an underused 19th century eyeglass manufacturing plant into a first-class hotel/conference center and industrial park
• 600,000+ sq.ft. of redevelopment projects at former Army, Navy, and Air Force bases
• Redevelopment of Boston’s historic South Station headhouse

Traditional Real Estate Matters

• Represent leading U.S. data center operator in connection with their 700,000+ sq. ft. New England facilities in financing, co-tenant, and subtenant issues
• Represented ground lessor/co-venturer in creation of ground leasehold commercial condominium units to facilitate advantageous sale of 200+ plus key hotel unit
• Ongoing representation of leading Cambridge, Mass. educational institution for ground leased 100-acre office/R&D complex
• Redevelopment of office building fronting historic Boston Public Garden into first-class luxury condominiums
• Representation of national entertainment conglomerate in connection with operation/regulation of Massachusetts facilities
• Represented owner of 200,000+ sq. ft. regional shopping center in recapitalization and repositioning joint venture including key lease termination and replacement
• Advising the foreign parent of a domestic insurer in connection with the REMIC securitization of a real estate loan portfolio with a value in excess of $1.6 billion

Workout & Distressed Real Estate Matters

• Representation of owner partnerships in successful high-profile $700 million bankruptcy restructuring and recapitalization of Boston’s largest office complex
• Representation of lead lender in loan modification, extension, and substantial pay down of $120+ million loan for multifamily urban renewal project
• Representation of lead lender in dual track note sale/sale of Final Judgment of Foreclosure for $25+ million Southeastern midrise condominium project
• Representation of lead lender in receivership and deed in lieu of foreclosure for $50+ million Southeastern high rise condominium project
• Representation of lead venturer in non-bankruptcy restructuring and refinancing of defaulted $300 million retail project
• Representation of lender in dual track note sale and foreclosure process for $40+ million loan secured by seven New England properties, yielding full recovery of all principal, interest, costs, and expenses
• Representation of lender in loan modification, substantial pay down, and loan extension for $50+ million Midwest regional shopping center
• Representation of lender in $25+ million deed in lieu of foreclosure on mid-Atlantic retail development
• Representation of lender in cross-collateralization and security arrangement acquiring mezzanine pledges of interests and distributions among 12 related loan facilities
• Representation of lead REO owner in disposition of $11+ million multi-use development project
• Representation of foreign bank regulatory body in connection with structuring and realization strategies for $50+ million in USA real estate interests
• Representation of special servicer in administration and foreclosure of CMBS loans
• Representation of lead lender in distressed $65+ million loan for multi-use project with hotel, retail, and residential components
• $300 million disposition of a major insurer’s largest real estate investment through complex minimum return assurances, retained interests, and trailing indemnities
• Supervision of a life insurer’s entire real estate portfolio during receivership including the design, negotiation and complete resolution of a complex series of intercompany real estate claims exceeding $100 million