$100+ Million Acquisition of Condominium in Sunny Isles Beach

Real Estate Developer

Representation of joint venture between a foreign real estate development company and a U.S.- based real estate investment and development company in the acquisition of a five-acre, four-building hotel and condominium beachfront complex in Sunny Isles Beach, with plans to reposition the site as a luxury condominium. The fractured condo purchase included a series of complex negotiations with 300+ unit owners.

John C. Sumberg
Founder, Chairman
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
Analyzed cleanup strategies in order to resolve soil and contamination issues on homebuilder client’s property in Broward County, Florida. Negotiation with the Broward County Environmental Protection Division to obtain a restrictive covenant to allow for residential development on the property.
Representation of real estate investment company in connection with the environmental investigation and remediation plan for a five acre residential community and golf course. Successfully determined scope of assessment and provided recommendations for final remediation plan while representing clien...