MIAMI – Dec. 1, 2016 – Steve Bassin, a shareholder in the Miami Real Estate practice of international law firm Greenberg Traurig, P.A., recently assisted OKO Group and its partner Cain Hoy Enterprises with the financing and tax related issues surrounding the purchase of a two-acre parcel along Biscayne Bay in Miami’s waterfront Edgewater neighborhood.
OKO Group and Cain Hoy Enterprises purchased the parcel that includes 475 feet of Biscayne Bay waterfront property, on a rare corner lot that is surrounded by water on two sides. The property provides a prime development opportunity for the two partners in one of South Florida’s most exciting up-and-coming neighborhoods. OKO Group and Cain Hoy Enterprises bought the Edgewater property for $54 million from Jesuit Fathers of the Province of the Antilles, a Jesuit group that had used the site for educational purposes and a retreat. Plans for the 720 N.E. 27th Street property will be announced at a later date.
Bassin led the team that also included Miami Land Development and Zoning Shareholder Carlos R. Lago, who advised the joint venture on the land use development potential for the site under existing government regulations. Other team members included Associates Brian A. Dombrowski and Bryan Saul.
“We are excited to have assisted our client with this transaction in a short time frame,” Bassin said. “We look forward to seeing the impact this project will have on transforming this uniquely positioned site in the up-and-coming Edgewater neighborhood. This site is a real gem located in great proximity to the booming Design District and Wynwood neighborhoods.
Bassin is a commercial real estate attorney who represents developers, lenders and investors locally, as well as throughout the U.S. and abroad. He also has significant experience assisting foreign investors and companies to establish U.S. operations. His real estate experience includes negotiation and implementation of acquisitions, leasing, joint ventures, and financings. He received a law degree, magna cum laude, in 2006 from the University of Miami School of Law.
OKO Group is an international real estate development firm established by Chairman and CEO, Vladislav Doronin. OKO Group builds on the formidable expertise of Mr. Doronin, one of the most successful and respected developers in Europe, and his peerless track record in constructing more than 75 million square feet of world-class commercial, retail and luxury residential space over a total of 71 buildings as Founder of Capital Group.
Cain Hoy Enterprises is a private investment company financed with permanent capital that owns a diversified portfolio of real estate investments. Headquartered in London and New York, it is run by its Chief Executive Jonathan Goldstein. Cain Hoy won Financier of the Year at the Property Week Property Awards 2016.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP (GTLaw) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East and is celebrating its 50th anniversary. One firm worldwide, GTLaw has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and among the Top 20 on the 2016 Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.