Jay Steinman, P.A.

• Represented buyer in $95.5 million all-cash acquisition of an existing 165,586 square feet nanotechnology research and development/laboratory building and adjacent 49,165 square feet expansion building currently under construction in Alachua, Florida, together with the acquisition of an additional three fully developed and leased light manufacturing facilities and nine parcels of vacant land.
• Represented developer/investor in a joint venture for the acquisition, financing, development, management and leasing of a residential project located in Sarasota County, Florida, including review of due diligence, acquisition, title and survey, and project documentation, and documentation of joint venture terms.
• Represented owner-developer in negotiation and closing of $30 million CMBS loan secured by shopping center located in Miami Lakes, Florida.
• Represented purchaser in $45 million acquisition of office tower located in the Brickell area of the City of Miami, Miami-Dade County, Florida.
• Represented investor group in the $31 million acquisition of medical and technology park in Jupiter, Florida and the negotiation of related CMBS and mezzanine financing.
• Represented developer in negotiation of documents relating to development and construction of Hampton Inn and related amenities in Coconut Creek, Florida, including organizational, franchise, management and construction contracts and documentation for construction loan.
• Represented developer in negotiation of documents relating to development and construction of Holiday Inn Express Hotel and Suites and related amenities in the Kendall, Florida including organizational, franchise, management and construction contracts and documentation for construction loan.
• Represented seller in $100 million sale of adjacent 7-acre parcel of vacant land on which purchaser intended to construct luxury condominium units including negotiation of Cross Access and Reciprocal Easement Agreements governing continued use, operation and maintenance of sites located in the City of Miami, Florida.
• Represented investor in proposed $130 million purchase of luxury condominium project to be constructed in Miami Beach and Miami, Florida.
• Represented seller in $34.2 million sale of ownership interests in company holding title to apartment complex located in Jacksonville, Florida.
• Represented seller/ground lessor in $12 million agreement to enter into ground lease and purchase improvements, lease-back, and reciprocal easement and operating agreement relating to two medical professional builds and parking garage located within hospital campus, in the Coconut Grove area of the City of Miami, Miami-Dade County, Florida.
• Represented a developer in the construction and financing of a 175 room hotel in Surfside Florida, including coordination of a joint venture, negotiation of the general contractor’s agreement, and negotiation of documents for a $35 million construction loan.

• Represented lender in a $68.5 million construction loan to finance the construction and development of a 55+ active adult residential community, consisting of 303 villa units, 112 apartment units and a 24,000 square-foot clubhouse in central Florida.
• Represented lender in a $64.6 million loan to be used by Borrower to finance the acquisition of four marinas in Florida.
• Represented lender in a $59.6 million loan to be used by Borrower the finance the acquisition of a leasehold interest in a Class A multi-tenant office building located in Fort Washington, Pennsylvania.
• Represented lender in a $10.4 million loan to be used by Borrower to finance the acquisition of a 160,000 square foot community shopping center located in Roswell, Georgia.
• Represented participant lender in $345 million loan to finance the construction of luxury condominium buildings consisting of residential units, commercial space and space parking garage and related improvements, located in the City of Sunny Isles Beach, State of Florida.
• Represented lender in $64 million loan to finance the acquisition and to fund certain renovations thereto and other costs associated with the condominium conversion of rental apartment project and related improvements located in the City of Doral, State of Florida.
• Represented lender, as local counsel, in a $80 million loan for the construction of a mixed-use luxury apartment tower in downtown Miami.
• Represented lender in connection with a $48 million loan for the construction of a condominium/hotel project containing condominium/hotel residences, private condominium units, boat slips, and related improvements in Fort Lauderdale, Florida, involving a submerged land lease and the negotiation and of intercreditor and other loan documents with mezzanine lender.
• Acted as local counsel for lender in $50 million acquisition and construction loan involving rehabilitation, and conversion and construction of new condominium project on waterfront property in the City of Miami, Miami-Dade County, Florida.
• Represented lender in $30 million acquisition and construction loan for condominium project in which the equity was provided by Fannie Mae, acting through its American Communities Fund in the Little Havana Home Ownership Zone area of the City of Miami, Miami-Dade County, Florida.
• Represented lender in $30 million construction loan for affordable multi-family apartment project located in Florida City, Miami-Dade County, Florida involving low income housing tax credits, SHIP loan financing and financing advanced pursuant to Fannie Mae Forward Financing Agreement.
• Represented co-lender in $84.75 million financing for the construction of a mixed-use residential and retail condominium project and associated parking garage located in Delray Beach, Florida.
• Represented lender in $37 million acquisition/renovation loan to finance the acquisition and to fund certain renovations thereto and other costs associated with the condominium conversion of unit rental apartment project and related improvements located in the City of North Miami, Florida.
• Represented lender in $130 million financing of the acquisition, development and construction of a condominium project located in the Brickell area of Miami, Florida.
• Represented lender in $35 million acquisition/renovation loan to finance the acquisition and to fund renovations and other costs associated with the condominium conversion of office building together with attached, multi-level parking garage and related improvements located in Coral Gables, Florida.
• Represented lender in $24.1 million construction loan to finance the construction of 129 townhouse units within twenty-four (24) two-story buildings and related improvements, located in the County of Palm Beach, State of Florida.

Duane Morris has an experienced international real estate practice, offering a full range of services related to acquisitions and dispositions; leasing; financing; hospitality; multifamily/healthcare; land valuation litigation; and development and land use. Our attorneys provide our clients—including property developers, lenders, investment managers and REITs—guided assistance through all phases of a transaction or project. We are able to handle a broad range of sophisticated and complex real estate transactions, leveraging our extensive skills and experience in virtually all types of real estate and development matters.

Our experience encompasses all areas of acquisition, disposition, leasing and lending, including new development, office, retail, residential, assisted-living and other healthcare facilities. In addition to handling the routine issues involved in real estate matters, we find creative solutions to complex and seemingly unsolvable dilemmas that require solid working relationships within the industry and a high level of understanding of the nuances of deals, regulations, profitability, leverage and liability protection.

The reputation of the Duane Morris Real Estate Practice Group is built on an understanding of the real estate industry and how real estate businesses function. Duane Morris is ranked by both Commercial Property Executive and Law360 as among the top real estate law firms headquartered in the United States. In addition, Duane Morris real estate attorneys include those who have been recognized in Chambers USA, hold the distinguished CRE professional designation from The Counselors of Real Estate, and are Accredited Professionals under the LEED (Leadership in Energy and Environmental Design) Green Building Rating System.

Duane Morris LLP, a law firm with more than 900 attorneys in offices across the United States and internationally, is asked by a broad array of clients to provide innovative solutions to today’s legal and business challenges.

From a partnership of four Philadelphia attorneys in 1904, the firm has grown to be among the 100 largest in the world. Duane Morris’​ lawyers now work out of offices in North America, Europe and Asia to address clients’​ issues around the globe. See the Harvard Business School’s second case study of the firm titled “Collaborating for Growth: Duane Morris in a Turbulent Legal Sector.” Throughout all the growth, Duane Morris always has been guided by the same principle.

At the heart of the firm is a partnership, an agreement to work together in the pursuit of its clients’​ goals. Under the leadership of the firm’s founders, and the influence of past and present chairmen, Duane Morris has embraced a culture of inclusiveness, congeniality and consensus building that is rare among law firms.