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Bank's Operation Uninterrupted During Sale and Construction

Community Bank
Representation of community bank in $55 million sale of waterfront site to real estate developer. Simultaneously with closing, Developer and Bank will enter into a purchase and sale agreement pursuant to which Developer will construct a new state-of-the-art headquarters for Bank as well as two ultra-luxury condominium towers on site, and Bank will lease-back its existing on-site office in order to maintain uninterrupted operation during development.
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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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