Representation of Okan Group, a developer in Turkey, in the $18.1 million acquisition of six lots of land in downtown Miami from the historic Central Baptist Church. After the deal had already been negotiated, the client demanded the deal be renegotiated when it was discovered the 35,000-square-foot property was 2,500 square feet less than the 37,500 square feet as described in marketing materials. Bilzin Sumberg aided in renegotiating the deal for a savings of $750,000 to the client. The project, the first in Florida for the Turkish developer, is planned to be a 56-story, mixed-use building with office, retail, and residential.
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...
Oversaw the servicing of over $6 billion worth of hotel loans involving sales and loan assumptions, restructurings, mergers, deeds-in-lieu of foreclosure, forbearances and other workouts, changes in franchises/ flags, operating/ master lease issues, private equity takeovers, changes in management, e...
Counsel to debtor in possession in the chapter 11 case of Cabi SMA Tower I LLLP, the developer of a proposed $60 million mixed-use facility on a 2.73-acre entire city block in the Brickell area of Downtown Miami. The case was an extremely contentious chapter 11 which resulted in the confirmation of ...