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New York

Retail real estate mogul gives $25M to Yale dorm project

Yale University in New Haven, Conn.
Yale University in New Haven, Conn.

Robert Baker, co-founder of NRDC Equity Partners, a real estate investment firm that owns the Lord & Taylor chain of department stores, gifted Yale Law School with $25 million for a dormitory.

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Funds will go toward the purchase and conversion of a campus facility into a building with administrative offices, conference rooms and housing for law students. Baker is an alumnus and also CEO of National Realty & Development Corporation, which is headquartered in Blue Bell, Pa. NRDC is based in Purchase, N.Y.

“We’ve looked and looked, and could find no other major donor,” Baker told the New York Post. [NYP] — Mark Maurer