Alleghany Properties’ Sale of Entitled Land for Development as a Multi-Residential Apartment Complex

Blank Rome LLP represented Alleghany Properties LLC (“Alleghany Properties”), a subsidiary of Alleghany Corporation (NYSE: Y), in connection with its sale of 10.32 acres of entitled land in the North Natomas Area of the City of Sacramento to Truxel Arena Apartments, LLC, a subsidiary of The Spanos Corporation, for development of a 300 unit apartment complex.

Headquartered in Sacramento, California, Alleghany Properties owns over 300 acres of property in various land use categories ranging from multi-family residential to commercial.  Alleghany Properties also makes investments in California low income housing tax credit limited liability companies.
Blank Rome LLP represented Alleghany Properties LLC with a team including Michael Carl Cohen (Picture) and Jonathan T. Keen.

 

Involved fees earner: Michael Carl Cohen – Blank Rome LLP;

Law Firms: Blank Rome LLP;

Clients: Alleghany Properties Holdings LLC;

 

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Author: Ambrogio Visconti