Acquisition of NoBe Bay Condominium in Miami Beach

Real Estate Investment Fund
Representation of joint venture, led by 13th Floor Investments and Key International, in acquisition of 100% of membership interests in an SPE owned by Regions Bank that acquired title to the NoBe Bay condominium project in Miami Beach at the foreclosure sale.
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Adam Lustig

Adam Lustig

Partner
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Experience
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
Experience
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
Experience

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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