$68.7 Million Sale of Seven-Building Retail Portfolio in Miami Beach

Property Owners

Representation of property owners with retail properties in Sunset Harbour, formerly an industrial area in Miami Beach, Florida, in the $68.7 million sale of a seven-building assemblage to a North Carolina retail investment fund. The sale was complicated by challenges relating to a ground lease and multiple ownership of the parcels, as well as obtaining tenant lease amendments and tenant estoppels required by the purchaser.

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...
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...
Representation of diversified automotive company in over $3.8 billion of various financing matters including the securitization of retail and lease installment contracts, and negotiation of working capital lines of credit and conduit lending facilities.