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Solē Mia Ground Lease and Development

Oleta Partners, LLC

Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in connection with the negotiation of extensive amendments to an existing long term ground lease with the City of North Miami, acquisition and financing of fee title to portions of what had been leased land, negotiating multiple ground subleases with, among others, the University of Miami Health System to develop a 325k square foot healthcare facility medical center on a 10-acre site in the Solē Mia Miami development.

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John C. Sumberg

John C. Sumberg

Chairman
Jon Chassen

Jon Chassen

Senior Counsel
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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 Miami...
Experience
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...
Experience
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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