Acquisition and Financing of Fort Lauderdale Office Tower

Ten Capital Management

Representation of joint venture between Ten Capital Management and Somerset Properties, as Florida counsel, in the $82.5 million acquisition and $58.4 million CMBS financing of Bayview Corporate Tower, a 400,000-plus square-foot building in Fort Lauderdale, Florida. The 12-story property reportedly is Broward County’s largest office building.

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Experience
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.
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.
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