Daniel A. Kaskel, partner and director with Sachs Sax Caplan. What are some of your most satisfying successes of 2021, and why?
2021 was a year like none other. Still in the middle of a pandemic, we saw unprecedented volume in residential transactions, particularly high-end, largely cash closings as people from other estates migrated to Florida, while the capital markets for larger commercial transactions we hesitant to consummate transactions. This was particularly true as we entered 2021.Real Estate Transactions: Daniel Kaskel Credits Success to Quick Communication and Turn-Around Time With Clients
"While 2021 was the most active year in my 30-year career, the closing of the Boca Trophy Portfolio was an encouraging way to begin the year," said Kaskel.
June 03, 2022 at 07:00 AM
4 minute read
Daniel A. Kaskel, partner and director with Sachs Sax Caplan.
What are some of your most satisfying successes of 2021, and why?
2021 was a year like none other. Still in the middle of a pandemic, we saw unprecedented volume in residential transactions, particularly high-end, largely cash closings as people from other estates migrated to Florida, while the capital markets for larger commercial transactions we hesitant to consummate transactions. This was particularly true as we entered 2021.
The most satisfying success I experienced in 2021 was the closing of what we informally labeled the Boca Trophy Portfolio: four office and retail properties in Boca Raton. The properties were The Fountains Center, City National Bank Building, The Boardwalk at Boca Raton and the Boca Grove Center, a portfolio of nearly 300 tenants, comprising 17 buildings, in excess of 500,000 rentable square feet and more than 30 acres of property. Work on this $155 million transaction, which included $99 million in financing, began in 2019 and was delayed and nearly canceled due to the COVID-19 pandemic.
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