James M. Carolan
Overview
Jim Carolan is a senior counsel in Crowell & Moring’s Corporate group, based in New York. Jim specializes in real estate transactions, offering extensive expertise in acquisitions, sales, leasing, and financing. His practice encompasses the acquisition and disposition of single assets and portfolios, including in distressed situations, ground leases, space leases for office, retail, warehouse, and other uses, as well as asset-based and mezzanine financings and workouts. Jim also advises on development and investment joint ventures, construction and design arrangements, and complex easements for conservation, utilities, construction, and access.
Career & Education
- University of Connecticut School of Law, J.D., with honors
- Stanford University, M.A.
- Cornell University, A.B.
- New York
- Connecticut
- District of Columbia
- New York, Connecticut, District of Columbia bars
- Real Property Committee, NYC Bar Association (former member)
- President, Friends of FAI-The Italian Environment Foundation, Inc.
- Honorary Trustee, The Saint Thomas More Corporation
- Fellow, Timothy Dwight College, Yale University
- Former Trustee, Saint Raphael Healthcare System
- English
- Italian
James's Insights
Firm News | 2 min read | 05.30.25
Veteran Real Estate Transactional Lawyer James Carolan Joins Crowell & Moring
New York – May 30, 2025: James Carolan has joined Crowell & Moring’s Corporate Group as senior counsel, bringing over 35 years of experience advising major corporations, investors, funds, universities, and tax-exempt organizations on their real estate needs.
Representative Matters
- Assisted a European family office to acquire many mixed use and commercial properties throughout the U.S.
- Advised family on $45MM in mortgage and mezzanine loans secured by luxury residential compound.
- Restructured and liquidated equity interests in various NY office towers for passive foreign partners.
- Handled sale-leaseback transaction with a public REIT of a manufacturing facility for the portfolio company of a private equity fund.
- Represented foreign developer on structuring joint venture for construction of luxury and mixed-use projects in Manhattan.
- Drafted build-to-suit ground leases for boutique hotel in Chicago and art gallery in New York City.
- Assisted with $100 million financing for Manhattan healthcare organization.
- Negotiated purchase and lease-back of prime development site on Madison Avenue for foreign investor.
- Assisted with purchase and sale of various real estate portfolios in Manhattan and elsewhere.
- Handled acquisition of 25 mixed-use, urban properties in Connecticut through consensual foreclosure.
- Structured joint venture for equity investment into major Boston retail project.
- Advised on creation, enforcement, and modification of conservation easements.
- Helped foreign companies establish U.S. manufacturing and office facilities.
- Acted as fiduciary and gave advice on commercial developments in NY and CA for foreign developer.
- Advised public and private universities and their endowments on structuring real estate holdings.
- Counselled families and family offices on intergenerational transfer and management of jointly owned real estate, and on resolution of disputes with uncooperative partners and heirs.
James's Insights
Firm News | 2 min read | 05.30.25
Veteran Real Estate Transactional Lawyer James Carolan Joins Crowell & Moring
New York – May 30, 2025: James Carolan has joined Crowell & Moring’s Corporate Group as senior counsel, bringing over 35 years of experience advising major corporations, investors, funds, universities, and tax-exempt organizations on their real estate needs.
Recognition
- Fellow, American College of Real Estate Lawyers
- Super Lawyers, New York, Real Estate (2010, 2018–2024)
- The Best Lawyers in America, Real Estate Law (2018–2024)
- Lawdragon, 500 Leading Global Real Estate Lawyers (2024)
James's Insights
Firm News | 2 min read | 05.30.25
Veteran Real Estate Transactional Lawyer James Carolan Joins Crowell & Moring
New York – May 30, 2025: James Carolan has joined Crowell & Moring’s Corporate Group as senior counsel, bringing over 35 years of experience advising major corporations, investors, funds, universities, and tax-exempt organizations on their real estate needs.
James's Insights
Firm News | 2 min read | 05.30.25
Veteran Real Estate Transactional Lawyer James Carolan Joins Crowell & Moring
New York – May 30, 2025: James Carolan has joined Crowell & Moring’s Corporate Group as senior counsel, bringing over 35 years of experience advising major corporations, investors, funds, universities, and tax-exempt organizations on their real estate needs.