by Lisa Morris Josefak
Counsel at Campolo, Middleton & McCormick, LLP, Kelly Canavan dedicates her practice to real estate, with a focus on both residential and commercial transactions and leases, primarily on Long Island’s East End. Canavan represents buyers and sellers, landlords and tenants, brokers and developers, architects, contractors and business owners. She has experience in handling both forward and reverse 1031 exchanges, as well as in preparing all types of agreements and contracts relating to real estate transactions such as prenuptial agreements and joint venture agreements. Her real estate matters vary in size from smaller matters to transactions worth tens of millions of dollars per year.
Canavan is focused on developments of a pilot program launched by the U.S. Treasury Department.
“I am interested to see where the U.S. Treasury Department lands on their pilot program requiring title insurance companies to discover and disclose the identities of cash buyers who buy property though limited liability corporations and shell companies on properties of more than $3 million in both Manhattan and Miami-Dade County,” she said. “If the initiative is expanded, it would apply to a great many transactions on the East End of Long Island.”
Canavan began her legal career practicing commercial and insurance defense litigation in New York City and Nassau County. In 1996, she opened her own law firm in Sag Harbor focusing on real estate and litigation matters for her East End clientele. After a decade, Canavan merged her practice into a larger Long Island firm. She joined Campolo Middleton with the insight and experience to offer innovative solutions to the complex issues that often arise in property transactions on the East End and with the success of having handled two of the Top 10 Hamptons sales of 2013.
Canavan earned a bachelor’s degree from Fordham University and juris doctor from Hofstra University School of Law. She is admitted to practice in New York and before the United States District Court, Eastern District of New York. Canavan is a member of the Suffolk County Bar Association.
With offices in Ronkonkoma and Bridgehampton, Campolo, Middleton & McCormick, LLP (CMM) is among the region’s premier full-service business law firms. Over the past generation, CMM attorneys have played a central role in the most critical legal issues and transactions affecting Long Island. The firm has earned the prestigious HIA-LI Business Achievement Award and LIBN Corporate Citizenship Award, a spot on the U.S. News & World Report list of Best Law Firms, and the coveted title of Best Law Firm on Long Island.