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
Successful representation of California bank in complex mortgage foreclosure debt recovery action through state court and bankruptcy court in the Southern District of Florida, which resulted in the criminal indictment of the borrower´s principal for bank fraud.
Experience
Representation of the secured lender and plan proponent of SunCruz Casinos LLC, one of the largest day cruise gambling operations in the country, in its chapter 11 proceedings. In addition, we served as counsel to the post-confirmation plan administrator.
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.