Chapter 11 Counsel to Debtor-Developer of High-Rise Condominium Project
Cabi Downtown, LLC
Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing in South Florida after the 2005-2007 real estate boom. Debtor's plan was confirmed in December 2010.
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Martin A. Schwartz
Partner
James W. Shindell
Partner
Jeffrey I. Snyder
Partner, Assistant General CounselMORE EXPERIENCE
Experience
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
Experience
Corporate restructuring of 25-year-old institutional real estate investment and development firm that has managed more than a billion dollars in assets. Assisted with the development of a "shared vision" by company stakeholders who held somewhat disparate views. Creation of a consensus corporate ...
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.