Joint Venture to Acquire Land and Develop Luxury Condominium Project

International Real Estate Developer

Representation of international real estate developer in connection with a complex joint venture with two private equity firms and multiple tiers of investors and entities to contribute $140 million of equity and obtain additional financing to develop a luxury two-tower condominium project with nearly 500 units in Sunny Isles Beach, Florida. Our representation included tax structuring, as well as negotiation of a joint venture agreement, development and construction management agreement, and an exclusive listing agreement for the developer.

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Joshua A. Kaplan
Partner, Co-Head of Joint Venture Practice
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Experience
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...
Experience
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...
Experience
Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Miami...
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