Pierce Atwood LLP continues to expand its Real Estate Practice with the addition of Richard S. Novak, a partner with more than 25 years of experience in real estate investment, development, permitting, and finance. Prior to joining Pierce Atwood, Rick was a partner in the Real Estate Practice Group at K&L Gates, where he also served as a member of that firm’s Distressed Real Estate Task Force.
Rick concentrates his practice on institutional real estate investments for developers, owners, investors, banks, insurers, and special servicers in adaptive reuse development projects, portfolio and single asset restructurings, acquisitions and dispositions, hotel and office complex restructurings, and both build to suit leasing and ground lease development projects.
His practice has included representation of large shopping center owners in lease deals and joint ventures, representation of lead lenders in numerous loan modifications, note sales, foreclosures, and related workouts, successful representation of owner partnerships in a high profile bankruptcy restructuring and recapitalization of Boston’s largest office complex, and a wide array of significant leasing, financing, and development matters.
Rick has taken leadership roles in a variety of professional organizations, having served as president of the Real Estate Finance Association and director of the Greater Boston Real Estate Board. He is also a member the Real Estate Bar Association for Massachusetts, the Boston Bar Association, the Urban Land Institute, and NAIOP. Novak also served as member and chair of the Town of Sherborn (Mass.) Planning Board and is currently a member of that town’s Zoning Board of Appeals. He has been recognized by Super Lawyers in the area of Real Estate Law since 2004 and by Best Lawyers in America since 2013.
Rick earned his J.D., cum laude, from Boston University School of Law and was an editor of its Law Review. He earned his B.A., cum laude, from Middlebury College.
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