Real Estate

Real Estate

  • Representation of the master developer and its affiliates in all aspects of a 7,000 acre mixed-use development of regional impact (DRI). This included the development of a 650-acre health and life sciences park as a landmark for Orlando and a premier location for medical care, research and education.
  • Representation of a real estate investment trust (REIT) in the acquisition of a senior housing portfolio comprised of multiple, nation-wide assisted living facilities valued over $245 million.
  • Representation of a public agency with respect to the planning, acquisition and development of several major roadway projects in Central Florida. These projects included the negotiation and acquisition of hundreds of parcels valued at more than $100 million.
  • Ongoing representation of a major national developer specializing in the acquisition, development, management, brokerage and sale of U.S. real estate properties, especially multi-family projects, in association with foreign investors.
  • Representation of a Florida-based medical office developer in multiple asset sale portfolio transactions involving several national healthcare REITs.
  • Representation as local Florida counsel to the developers of a student housing project in Tallahassee. Broad and Cassel closed the entire parcel assemblage, the construction loan and, upon completion, the permanent refinancing transaction. Our attorneys also assisted the client in closing each parcel of land and worked with the applicable lenders, surveyors and title underwriters to complete all project transactions from start to finish.
  • Ongoing representation of a North Florida real estate development, asset management and operating company in innumerable multi-million dollar transactions, including timberland sales ranging from 13,000 acres to 30,000 acres.
  • Representation of developers in connection approximately 3 million square feet of office and retail space, including a 735,000 square foot office building located on Florida’s west coast. Broad and Cassel drafted and negotiated all leases.
  • Representation of a national home builder in numerous acquisitions for residential developments totaling approximately $32 billion within a nine month period. This includes drafting the contracts, conducting the closing, assisting with development issues and drafting homeowners’ documents and condominium documents for the projects.
  • Representation of a Palm Beach County, Florida real estate developer in the several transactions, including the acquisition and financing of an apartment building, the defeasance of its existing loan and closing of its new loan for a commercial shopping center and in the refinance of a loan for condominium units.
  • Representation of a developer in the disposition of student housing projects in Tallahassee, Florida. These four student housing projects involved the redevelopment of historically industrial properties that were presently under-utilized and involved addressing both soil and groundwater contamination. Commercial condominiums were established over three of the projects in order to develop, construct and sale two covered parking facilities to the City of Tallahassee Community Redevelopment District in order to provide needed public parking as part of the local government’s overall redevelopment plan for this area. Broad and Cassel addressed the environmental issues associated with these projects and also served as real estate counsel, advising the client in all aspects of project acquisition, finance, construction, entitlement and disposition. The final disposition of the projects was structured as an entity sale involving complex tax, liability, financing, Fair Housing Act and Americans with Disabilities Act issues.
  • Representation of a national residential and multi-use developer in obtaining federal permits for redevelopment of marina facility involving channel/basin dredging, wetslip and dry storage construction and upland excavated basin. Broad and Cassel provided advice, counsel and alternative strategies to address significant regulatory delays, litigation and enforcement action avoidance, natural resource issues, significant historical resource issues, including interacting with regulatory agencies at the staff and policy levels on issues regarding regulatory delay, alternative permitting options, and the first implementation of a new historical resource agreement with a third party.
  • Representation of a national multi-family developer with regard to contaminated groundwater. The client located and placed under a contract to purchase and redevelop an existing parking lot in the urban downtown core of a Florida west coast city. There was contaminated groundwater at the site originating from the past presence of a gas station. The State of Florida was obligated to clean up the contamination, but this would delay project construction. Broad and Cassel worked with the client, its environmental engineers and agency personnel to quickly develop and implement a strategy that would complete the assessment and cleanup of the contamination in advance of project construction, obtain site closure prior to the completion of project construction and to include design opportunities for the State of Florida to complete the cleanup of the historic discharge.
  • Representation of a real estate developer in connection with a highly controversial proposed development of approximately 3,900 homes in 350,000 square feet of commercial uses in what is known as the Rural Tier of Palm Beach County. Broad and Cassel was involved in negotiating certain conditions of approval of the Land Use Plan Amendment, language changes in the County’s Comprehensive Plan and preparing for public hearing. The project is expected to be one which will transform the northwest central portions of Palm Beach County from open space and grove lands to bustling residential communities.
  • Representation of a national retail, commercial and mixed-use development company in the purchase of land within the urban core to redevelop a student housing project adjacent to a preeminent university in Florida. One of the parcels had groundwater contamination and responsibility for cleanup would be with the landowner and the State of Florida. The location of the contamination and the availability of state funding precluded development of the project. Broad and Cassel developed and implemented a strategy that met the agency’s objective of cleaning up the site, the client’s objective in the timely completion of the project and the state and local policy objectives of redeveloping and repurposing under-utilized or abandoned property within the urban core.
  • Representation of a large Florida homebuilder in connection with a highly controversial proposed development of approximately 3,900 homes in 350,000 square feet of commercial uses. Broad and Cassel was successful in obtaining a 6-1 approval by the County Commission for Comprehensive Plan Amendments and Land Use Plan Amendments for the project to be transmitted to the State Department of Economic Opportunity for State Agency review. After review by the state department of Economic Opportunity and other state agencies, the Firm was successful in obtaining a 6-1 approval by the Board of County Commissioners at the Adoption hearing. The project is now approved subject to any appeals by stakeholders and/or the State Department of Economic Opportunity. Our attorneys were involved in negotiating certain conditions of approval of the Land Use Plan Amendment, language changes in the County’s Comprehensive Plan and preparing for public hearing. The project is expected to be one which will transform the northwest central portions of Palm Beach County from open space and grove lands to bustling residential communities.
  • Representation of a national retail, commercial and mixed-use development company for the acquisition and development of a nearly 17.0 acre parcel in Orlando, Florida off of International Drive within walking distance to Universal Studios Florida. The parcel will be developed with two hotels, multi-family, retail, nationally branded restaurants and urgent care facilities. Broad and Cassel negotiated the purchase contract with the seller that included both the purchase of the land and vested traffic concurrency, closed the purchase and will be responsible for negotiating the sale of the hotel and multi-family parcels, in-line retail leases, ground leases and the land use entitlements.

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