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$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
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...
Experience
Representation of Brightline, an affiliate of Florida East Coast Industries, Inc., in the procurement, land acquisition, and development of portions of the $2.4 billion high-speed passenger rail project connecting South and Central Florida. Passenger service will be created in central Florida and wi...
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