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...
Defended a major homebuilder in a dispute with a joint venture partner alleging breach of contract, breach of guaranty, breach of fiduciary duty, fraud, fraudulent transfer and conversion. The plaintiffs also invoked a "clawback provision" in the partnership agreement to recover funds that were distributed to our client in anticipation of the success of their venture.
Representation of real estate investors in limited partnership derivative suits. Investors sought millions of dollars in damages, based on the diminution of the value of their investment and lost opportunities.
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 S...