Joint Venture and Restructuring for Build-Out of Miami Beach Condominium

Real Estate Developer
Representation of developer in the joint venture and acquisition of uniquely situated property in Miami Beach, Florida for development of a 220 unit condominium project. Structured a joint venture agreement between the client and its partner which included economically advantageous acquisition of existing debt and satisfaction of other contractual obligations.
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Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
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Experience
Representation of developer of 45-story luxury oceanfront condominium in City of Sunny Isles Beach, Florida, against the neighboring Town of Golden Beach's appeal objecting to the development approval by the City of Sunny Isles Beach.
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 Miami...
Experience
Representation of 900 Collins Avenue in its efforts to build a multimillion-dollar development on a property with a protected historic building. We successfully obtained a writ of mandamus requiring the City of Miami Beach to issue a permit allowing the demolition of the historic structure, which th...
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