Real Estate Transactions: Saul Ewing Represented Several Recognizable Developers, Construction Companies and Investors
Its South Florida real estate practice is behind some of the region's largest real estate transactions and, as a result, is largely responsible for shaping the state of the real estate market.
May 26, 2023 at 02:44 PM
3 minute read
Saul Ewing Arnstein & Lehr is a 2023 Florida Legal Awards Real Estate Transactions honoree.
The firm is a full-service law firm that offers clients the national reach and sophisticated experience of a large firm and the local connections and value of a boutique firm. Its South Florida real estate practice is behind some of the region's largest real estate transactions and, as a result, is largely responsible for shaping the state of the real estate market. Saul Ewing's real estate practice spans 16 states with a strong presence in Miami, Fort Lauderdale, and West Palm Beach.
The firm represents recognizable developers, real estate investors, and construction companies. Some examples of the team's work in 2022 include:
- Ronald Fieldstone represented the EB-5 Sponsor who was raising $100 million dollars of EB-5 financing for the Lakefront Estates. The total budget of the project exceeds $500 million and is being developed by Accurate, JAM Equities, and BFMS Property holdings, LLC through Okeechobee Community Developers LLC.
- Fieldstone and Louis Archambault represented New York-based Kriss Capital in providing a $100 million bridge construction loan for the second phase of Alina Residences, a 300-unit condominium project in Boca Raton developed by El-Ad National Properties.
- Archambault facilitated close to $400 million of industrial sales and leaseback deals over the course of 2022.
- Michael Denberg represented American Landmark in 55 multifamily acquisitions and dispositions with an enterprise value of approximately $3.5 billion. These transactions covered properties from Virginia, Tennessee, North Carolina, South Carolina, Georgia, Florida, and Texas. The transactions include the $200 million acquisition of the 7.7-acre Mosaic at Miramar Town Center.
- Denberg facilitated the $84 million purchase of the AKA West Palm hotel on behalf of a joint venture between Plymouth Meeting, Korman Communities, and Electra Hospitality Group, a joint venture between Electra America and AKA.
- Denberg and Ronald Fieldstone handled the acquisition of Southland Mall over three transactions totaling $134 million. The total budget of the substantial redevelopment project is over $1 billion.
- Denberg represented a joint venture including BTI Partners in securing a $83 million construction loan for the 25-story Bread Building project in downtown Hollywood.
- Anthony Kang and Fieldstone served as lead counsel for the development team for the Nautilus 220 project in Lake Park, Florida, and secured the $269 million construction loan for the project.
- Kang and Kevin Grossfeld represented Sheridan Capital in closing over $600 million of loans for commercial and residential projects across South Florida.
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