Joint Venture for $170 Million Acquisition of Office Complex

Real Estate Joint Venture

Representation of real estate joint venture in the $170 million acquisition of a 1.7 million square foot office complex in South Florida. Served as lead counsel for $148 million financing and assisted client with two joint venture agreements related to acquiring the membership interests in the property-owning entity.

RELATED PEOPLE
Jon Chassen
Senior Counsel
Manuel Gonzalez
Partner
Karyl Argamasilla
Co-Head, CMBS and Real Estate Capital Markets, CMBS Transactional and Workouts Team
MORE EXPERIENCE
Experience
Representation of Brightline, an affiliate of Florida East Coast Industries, Inc., in the procurement, land acquisition, and development of portions of the $2.4 billion high-speed passenger rail project connecting South and Central Florida. Passenger service will be created in central Florida and wi...
Experience
Structuring of multi-tiered senior and mezzanine loan credit facility in an aggregate loan amount in leases assumed of $1 billion, secured by a major office building complex in Manhattan.
Experience
Representation of special servicer in connection with release of the retail portion of a New York office building serving as collateral for a $1.2 billion loan. Representation included reviewing and negotiating condominium documents, splitting the collateral into retail and office units, reciprocal ...
VIEW MORE EXPERIENCE