$100+ Million Acquisition of Condominium in Sunny Isles Beach

Real Estate Developer
Representation of joint venture between a foreign real estate development company and a U.S.- based real estate investment and development company in the acquisition of a five-acre, four-building hotel and condominium beachfront complex in Sunny Isles Beach, with plans to reposition the site as a luxury condominium. The fractured condo purchase included a series of complex negotiations with 300+ unit owners.
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David W. Trench

David W. Trench

Partner, General Counsel
John C. Sumberg

John C. Sumberg

Chairman
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Experience
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...
Experience
Representation of developer of 45-story luxury oceanfront condominium in City of Sunny Isles Beach, Florida, against the neighboring Town of Golden Beach's appeal objecting to the development approval by the City of Sunny Isles Beach.
Experience
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...
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