$29.5 Million Acquisition of Prime Coconut Grove Real Estate

Connecticut-based private equity firm
Representation of Connecticut private equity firm regarding the formation and negotiation of a joint venture between Miami-based private equity firm and Miami-based real estate investment firm to acquire a $29.5 million nine-story office building in a prime location on Coconut Grove's rapidly transforming bayfront, which is set for a major makeover with a new park, restaurants, marina, and promenade. The joint venture orchestrated the property acquisition in an all-cash, off-market deal.
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Alan D. Axelrod

Alan D. Axelrod

Partner
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Experience
Representation of Lennar Corporation in the formation of Lennar Multifamily Venture (LMV), an equity fund/joint venture sponsored and managed by Lennar Multifamily Communities with global sovereign and institutional investors. The venture, with initial equity commitments of $1.1 billion, targets inv...
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 subsidiaries of Mexican commercial real estate firm in numerous multimillion-dollar projects in Florida, including: the acquisition and assemblage of the parcels comprising the Old Spanish Village, a seven-acre mixed use project in Coral Gables; the acquisition and redevelopment of...
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