Acquisition and Financing of Fort Lauderdale Office Tower
Ten Capital Management
Representation of joint venture between Ten Capital Management and Somerset Properties, as Florida counsel, in the $82.5 million acquisition and $58.4 million CMBS financing of Bayview Corporate Tower, a 400,000-plus square-foot building in Fort Lauderdale, Florida. The 12-story property reportedly is Broward County’s largest office building.
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...
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.
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 ...