$46 Million Acquisition and Pre-Development Financing for 13 Properties

New York Based Luxury Real Estate Development and Construction Firm

Representation of New York based luxury real estate development and construction firm, as Florida counsel, regarding the acquisition of and pre-development financing for 13 homes in Miami Beach, Florida for approximately $46 million. Dealing with 13 individual sellers and numerous tenants that needed to vacate the properties was a significant challenge. Client plans to demolish all 13 homes and develop a residential condominium.

Adam D. Lustig
Practice Group Leader, Real Estate
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...