Former New York City Economic Development Corporation Head of Real Estate Patrick O’Sullivan Joins Herrick
Herrick, Feinstein LLP, a leader in commercial real estate law since 1928, has strengthened its real estate and government relations capabilities with the addition of Patrick O’Sullivan, former executive vice president and head of real estate transactions at the New York City Economic Development Corporation (NYCEDC), and a current member of NYCEDC’s board of directors. Patrick joins Herrick from the real estate group of Cleary Gottlieb Steen & Hamilton.
As a partner in Herrick’s real estate department, Patrick will advise clients on a range of real estate development and transactional issues, particularly those that arise in connection with public-private transactions. In that area, Patrick will guide stakeholders through the legal, political and regulatory aspects of public-private partnerships involving real estate in New York, including guidance on navigating the RFP process and negotiating with city and state agencies.
During his tenure at NYCEDC, Patrick worked closely with leading real estate developers and governmental agencies on transformative public-private transactions in New York City. He led New York City’s acquisition of Brooklyn Bridge Park and Governors Island from New York State, and subsequently oversaw the negotiations for two prominent Brooklyn Bridge Park development sites. Patrick also directed the city’s negotiations for the development of NYU’s Center for Urban Science & Progress in Downtown Brooklyn, Howard Hughes Corporation’s redevelopment of South Street Seaport’s Pier 17, and the Empire Outlets and New York Wheel developments in Staten Island.
Patrick joins a group of Herrick lawyers with significant government experience, including Elizabeth Holtzman, former U.S. Congresswoman, New York City Comptroller and Kings County District Attorney; Mitchell Korbey, former New York City Board of Standards and Appeals commissioner and director of the Department of City Planning’s Brooklyn office and a team of urban planning specialists from the Department of City Planning and the Landmarks Preservation Commission.
Next year marks the 90th anniversary of the firm, which was founded as a real estate boutique in New York City in 1928. In the ensuing decades, Herrick lawyers have been an integral part of the industry, having advised on transactions involving iconic properties such as the Chrysler Building, Empire State Building and Woolworth Building, as well as the development of the new Yankee Stadium. This year, Herrick lawyers have advised on a number of prominent real estate matters across the U.S., including:
- D.C. United’s construction financing for Audi Field in Washington D.C.
- Citi Private Bank’s $600 million financing to The Durst Organization, secured by a mortgage on six Manhattan office buildings
- Rabina Properties’ financing and development of an 855,000 square-foot Amazon fulfillment center in North Haven, CT
- The Republic of Turkey’s development and construction of a new 32-story Consulate and Mission at 821 UN Plaza, across from the United Nations headquarters
- RAL Development Services’ development of the Union Square Tech Hub, a $250 million technology innovation center on New York City-owned land
- L+M Development Partners $350+ million financing for the development and construction of 25 Park Row, a 45-story mixed-use building in lower Manhattan