Lease of Building and Sale of Adjoining Land for New Miami Herald Headquarters

GPA-I, LP
Representation of GPA-I, LP of Memphis, TN, owner of the former United States Southern Command headquarters facility and property, regarding leasing of office building and selling of adjoining land in Doral to the Miami Herald Media Company for the Herald's new headquarters and printing/production facility. Despite the initial deal structure of an owner-financed transaction with lease payments providing the return on investment and with GPA-I being responsible for completing construction, we were able to negotiate a more favorable deal whereby the Herald leased the office building and purchased the adjoining land to construct its own production facility.
Related Topics
Related Practices
RELATED PEOPLE
Albert E. Dotson, Jr.

Albert E. Dotson, Jr.

Managing Partner
MORE EXPERIENCE
Experience

Representation of All Aboard Florida, 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 Flo...

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 Mi...

Experience
Oversaw the servicing of over $6 billion worth of hotel loans involving sales and loan assumptions, restructurings, mergers, deeds-in-lieu of foreclosure, forbearances and other workouts, changes in franchises/ flags, operating/ master lease issues, private equity takeovers, changes in management, e...
VIEW MORE EXPERIENCE