Counsel to Grocery Store Chain in Bankruptcy

Plaza Loiza Corp.
Counsel to Plaza Loiza Corp. in the chapter 11 proceeding of Pueblo International, which was the largest chain of grocery stores in Puerto Rico. We assisted Plaza Loiza in its bid to acquire a significant portion of the debtor's assets as part of a section 363 sale. While unsuccessful at that juncture, we helped Plaza Loiza reach an agreement with the successful bidder after the auction and sales process, enabling our client to acquire certain assets critical to its business.
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Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
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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.
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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...
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