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...
Representation of Miami Dolphins, Ltd. and South Florida Stadium, LLC, in connection with the successful negotiation of a settlement agreement with Miami-Dade County and the City of Miami Gardens setting forth the allocation of government authority over development rights for the Stadium properties. The settlement agreement stemmed from a lawsuit between the City of Miami Gardens and Miami-Dade County. The settlement agreement, which adds joint control provisions over land use and zoning applications, is a unique entitlement process that addressed the City and County's policy priorities, community and county-wide concerns, and the commercial viability of the Stadium as a regional asset. The negotiated settlement requires a change to the City of Miami Gardens charter and therefore must be approved by the City of Miami Gardens voters in a public referendum.
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...