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Acquisition and Refinancing of Fractured Condominium Project in St. Petersburg

Pollack Partners
Representation of affiliate of Pollack Partners, an Atlanta REIT specializing in multifamily housing, in the acquisition of a St. Petersburg, Florida, fractured condominium from an affiliate of GE Capital. The acquisition consisted of 297 units in a 369-unit condominium and 213 rental units on non-condominium property. After closing, Natixis Real Estate Capital refinanced the purchase money financing.
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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 i...

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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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