Joint Venture for $170 Million Acquisition of Office Complex

Real Estate Joint Venture

Representation of real estate joint venture in the $170 million acquisition of a 1.7 million square foot office complex in South Florida. Served as lead counsel for $148 million financing and assisted client with two joint venture agreements related to acquiring the membership interests in the property-owning entity.

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Jon Chassen
Senior Counsel
Manuel Gonzalez
Partner
Karyl Argamasilla
Co-Head, CMBS and Real Estate Capital Markets, CMBS Transactional and Workouts Team
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Experience
Representation of Brightline, the only privately-owned and operated high-speed rail service in Florida, since 2014. Guided the high-speed rail company through the multibillion dollar development and launch of its first five stations (Miami, Fort Lauderdale, West Palm Beach, Aventura, and Boca Raton)...
Experience
Structuring of multi-tiered senior and mezzanine loan credit facility in an aggregate loan amount in leases assumed of $1 billion, secured by a major office building complex in Manhattan.
Experience
Representation of special servicer in connection with release of the retail portion of a New York office building serving as collateral for a $1.2 billion loan. Representation included reviewing and negotiating condominium documents, splitting the collateral into retail and office units, reciprocal ...
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