$46 Million Acquisition and Pre-Development Financing for 13 Properties

New York Based Luxury Real Estate Development and Construction Firm

Representation of New York based luxury real estate development and construction firm, as Florida counsel, regarding the acquisition of and pre-development financing for 13 homes in Miami Beach, Florida for approximately $46 million. Dealing with 13 individual sellers and numerous tenants that needed to vacate the properties was a significant challenge. Client plans to demolish all 13 homes and develop a residential condominium.

Adam D. Lustig
Practice Group Leader, Real Estate
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
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...
Representation of the Official Committee of Unsecured Creditors in the chapter 11 case of Poinciana Development, a developer of more than 500 single family homes in Southwest Miami-Dade County, Florida, who ran out of construction financing and was unable complete the development of the last 34 home...