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...
Representation of client in the $80 million sale of 80% equity in an online wholesale promotional products company to an affiliate of a private equity firm. The transaction included a corporate restructuring prior to the sale for tax efficiencies. This was followed later by the sale of the balance of equity for $15 million to the same firm.
Representation of Lennar Corporation in the formation of Lennar Multifamily Venture (LMV), an equity fund/joint venture sponsored and managed by Lennar Multifamily Communities with global sovereign and institutional investors. The venture, with initial equity commitments of $1.1 billion, targets inv...