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$68.7 Million Sale of Seven-Building Retail Portfolio in Miami Beach

Property Owners

Representation of property owners with retail properties in Sunset Harbour, formerly an industrial area in Miami Beach, Florida, in the $68.7 million sale of a seven-building assemblage to a North Carolina retail investment fund. The sale was complicated by challenges relating to a ground lease and multiple ownership of the parcels, as well as obtaining tenant lease amendments and tenant estoppels required by the purchaser.

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Experience

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...

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Representation of Miami Dade College in connection with a proposal for a $1 billion mixed-use development and cultural center in the heart of Miami's central business district. Our team assisted the College in its review of the submitted Unsolicited Proposal and the proceeding public procurement pro...
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Representation of diversified automotive company in over $3.8 billion of various financing matters including the securitization of retail and lease installment contracts, and negotiation of working capital lines of credit and conduit lending facilities.
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