Presidio Parkway Project Named "Best Real Estate Deal of the Year"
Nossaman would like to congratulate the California Department of Transportation and the San Francisco County Transportation Authority for the Presidio Parkway Project's recognition as the "Best Real Estate Deal of the Year" in the category of Infrastructure/Public-Private Partnership by the San Francisco Business Times. Winners were announced at the publication's annual awards dinner in San Francisco on March 20, 2013.
This recognition is the latest in a number of industry awards honoring the Presidio Parkway Project, which is the first transportation project to be procured under California's 2009 PPP statute, and only the fourth highway project in the United States developed using an availability payment structure. A Nossaman team, lead by Barney Allison, advised Caltrans on the $1.1 billion deal, which reached financial close on June 14, 2012.