Real Esate Financing
Closed a $200 million financing for a shopping mall in Florida on behalf of Turnberry Associates.Real Estate: Representative Matters
Represented Turnberry Associates in the reacquisition and financing of the Fairmont Turnberry Isle Resort and Club in Aventura, Florida. We also represented the company and its affiliate, Fontainebleau Resorts LLC, in the purchase of Miami Beach's historic Fontainebleau Hotel and Resort.
We represented Brickman Associates, a New York real estate opportunity fund, as a secured creditor in two major hotel bankruptcy proceedings in the Eastern District of Pennsylvania. We also represented the company in large real estate and bond investment in Illinois, New York and Bermuda.
We handled the purchase of nine facilities in Pennsylvania and Maryland for Tandem Health Care, Inc., from Diakon Lutheran Social Ministries.
We represented a super-regional bank in a $100 million multiuse office and retail development in Washington, D.C., as well as an $88 million development in Northern Virginia that includes a shopping mall and residential and office components.
We continue to represent the owners and operators of commercial properties regarding mold exposure.
We saved the purchaser of a large office building more than $2.5 million in real estate transfer tax.
Turnberry Associations turned to the firm to help structure a $70 million financing for a regional shopping center in Destin, Florida.
For Turnberry Associates, we negotiated a sublease and development agreement for land at the Opa-locka Airport near Miami, Florida, where Turnberry will build hangars and other facilities for a charter jet business.
We helped Fontainebleau Resorts, LLC, close a $60 million private-equity placement, a $500 million secured-credit facility with a bank group led by Bank of America and a $250 million mezzanine-credit facility with the Prudential Insurance Company.
Represented a national, publicly held clinical research company in the $25 million purchase of development property in Maricopa County, Arizona.
Serve as outside counsel for the Pittsburgh Steelers, handling all real estate matters for the team on the development between Heinz Field and PNC Park, located on Pittsburgh's North Shore.
Represented developer Reynolds Pond LLC in a successful appeal to Sussex County Council that resulted in the reversal of a project denial by the County Planning and Zoning Commission.
Closed a $200 million financing for a shopping mall in Florida on behalf of Turnberry Associates.
Successfully settled a pending $1 million tax assessment brought by the IRS challenging the use of a yacht as a business office.
Represented Bank of America, N.A., in connection with a $69.5 million construction loan for the development of an apartment complex in Montgomery County, Pennsylvania.
Represented a national shopping center owner in a $15 million acquisition of a partially leased, phased section of a shopping center in Brownsville, Texas, as part of a structured 1031 exchange.
Successfully handled a major construction arbitration for a community development corporation that involved issues of the scope of contract, change orders and delay claims and $4 million in contract balances were also at stake.
Represented Pittsburgh's Sports & Exhibition Authority in the negotiation of the lease and related matters for the development and construction of a new $290 million multi-purpose arena, which will be the new home of the NHL's Pittsburgh Penguins.
Represented AIG Financial products Corp. in dealing with the real estate, tax, financing and creditors' rights planning matters related to its $1.3 billion sale and leaseback transaction involving the Bruce Mansfield Generating Plant, a coal-fired generation facility.
Represented the developers/owners of a multimillion-dollar mixed-use project involving over 700,000 square feet of office and commercial space, including over 2,500 residential units, and the sale of land to Wal-Mart and Kohl's.
In California's Inland Empire, entitled 12 projects with an estimated market value in excess of $1.2 billion for national and regional builders and developers.
Represented a multinational company in the initial stages of a $300 million habitat conservation land enhancement project, one of the first of its kind in the country.
Represented Rotem USA, a South Korean firm that manufactures railcars, in negotiating a long-term lease agreement allowing the company to build railcars for SEPTA and other transit agencies in a 290,000-square-foot building in South Philadelphia.
Represented Farmers for Fairness in its successful challenge to an ordinance that would have dramatically reduced the market value and development potential of approximately 25 percent of all land in Kent County, Delaware.
Represented a number of property owners and developers in negotiating transportation infrastructure agreements worth approximately $30 million, whereby the developers agreed to contribute about $11 million in funds for road improvements made necessary by development and growth in the area.
Handled various lease-related matters with respect to a more than $100 million, mixed-use development project on Brickell Avenue in Miami.
Handled the sale of a large Delaware River pier property in Philadelphia for a major railroad. The matter involved issues of federal preemption regarding the improper condemnation of railroad property; an eventual real estate sale, which was complicated by road and track easement issues; and, finally, a number of environmental concerns related to the transaction.

