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.
Related Practices
RELATED PEOPLE
Partner
MORE 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.
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)...
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.