Arnold & Porter Advises The George Washington University on Historic Agreement With Corcoran Gallery of Art
WASHINGTON, DC, September 10, 2014 -- Arnold & Porter LLP advised its long-standing client, The George Washington University, in its recent acquisition of assets from the Trustees of The Corcoran Gallery of Art, Washington's oldest private art museum. Under an agreement first announced in February 2014, the Corcoran transferred ownership of its historic building and its College of Art and Design to The George Washington University and custody of its art collection to the National Gallery of Art. The Corcoran College of Art and Design will now be known as The Corcoran School of the Arts and Design within GW's Columbian College of Arts and Sciences. According to GW's press release, the university will "operate the school; maintain its distinct identity within the Columbian College; and assume ownership of, and responsibility for, the Corcoran building, including its renovation, which is slated to begin early in October 2014."
The Arnold & Porter legal team was led by Kevin Lavin, head of the firm's Corporate and Securities Group, and Whitney Jordon on corporate matters, and included Matthew Keiser on employment matters, Kenneth Schwartz on real estate considerations, Susan Hendrickson and Melinda Freyfogle on intellectual property matters, and James Joseph and Andras Kosaras on tax issues.