Acquisition and Financing of Bahia Mar Resort and Marina in Fort Lauderdale
Real Estate Joint Venture
Representation of the joint venture between Tate/Rok Group, RCI Marine and Rialto Capital Management in the acquisition of the company that held a long-term lease of the iconic Bahia Mar Resort and Marina, a 39-acre waterfront property in Fort Lauderdale, Florida with a Doubletree hotel, a 245-slip marina, and office and retail space. We helped form the joint venture, negotiated the terms of the lease acquisition, obtained debt financing, and executed financing arrangements. The representation continues with the modification of the F&B and hotel management arrangements.
Related Practices
RELATED PEOPLE
Chair of Real Estate & Finance
Partner
MORE EXPERIENCE
Analyzed cleanup strategies in order to resolve soil and contamination issues on homebuilder client’s property in Broward County, Florida. Negotiation with the Broward County Environmental Protection Division to obtain a restrictive covenant to allow for residential development on the property.
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 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...