Steve Bassin

Steve Bassin

Shareholder

Steve Bassin has substantial experience in a broad range of commercial real estate transactions involving industrial, self-storage, retail, hotels, shopping centers, office, medical, condominiums, multi-family, student housing, senior housing, marinas and entertainment properties. He frequently represents banks, institutions, REITs, private equity funds, operators and investors in acquisitions, dispositions, financings, leasing, joint ventures and related corporate work. Steve also acts as outside general counsel for several funds, developers and investors advising such clients on any issues that are connected to their real estate business. Steve’s development experience includes representations of developers throughout the United States and abroad during all stages of the projects from their initial acquisition of the land, through pre-development, construction, leasing, financings and ultimate exit.

Concentrations

  • Real estate finance, including, construction, mezzanine, preferred equity and equity financings
  • Joint ventures
  • Private equity
  • Real estate acquisitions and dispositions
  • Development
  • Hospitality
  • Foreign inbound investment
  • Leasing

 

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Capabilities

Experience

  • Represented institutional clients in acquisition of a loan portfolio in excess of $1 billion secured by hospitality properties.
  • Represented institutional clients in acquisition of a loan portfolio of approximately $900 million secured by industrial and office properties.
  • Represented private equity fund in acquisition and financing of approximately $500 million of multi-family and student housing properties.
  • Represented a REIT in approximately $360 million of construction and term financings of medical office, senior housing and student housing portfolios.
  • Represented developer in approximately $275 million in construction, mezzanine and preferred equity financings for various condominium for sale projects in New York, Florida and Georgia.
  • Represented a REIT in the acquisition of approximately $250 million of industrial properties.
  • Represented a private equity fund in a joint venture with a local developer formed to acquire hotels in South Beach, Florida, with deployment of approximately $200 million of capital.
  • Represented operator with respect to acquisition, joint ventures and financings with respect to approximately $150 million of student housing properties.
  • Represented various prominent developers in all aspects of several high rise condominium projects in Miami, Florida, including, acquisitions, joint ventures, financings, leasing and development agreements.
  • Represented developer in all aspects of a planned hotel, casino and condominium projecton Las Vegas Boulevard in Las Vegas, Nevada, including the assemblage and acquisition of approximately 20 acres and construction financing of $475 million.
  • Represented developer in all aspects of a $150 million entertainment project in Orlando, Florida, including, acquisition, leasing, joint venture and financings.
  • Represented developers in negotiations with several anchor tenants, including, several Walgreens, Publix, Starbucks and CVS locations.
  • Represented developer in all aspects of acquiring, financing and repositioning of the Shelborne Hotel on Miami Beach, Florida, including all hotel related agreements.
  • Represented developer in all aspects of repositioning an existing 40 acre hotel site in Orlando, Florida, including, acquisition, financing, retail leasing and hotel agreements.
  • Represented developer in an acquisition and financing of an existing hotel and apartment building for repositioning into a luxury hostel in Miami Beach, Florida.
  • Represented private equity firm in acquiring, financing and ultimate disposition of the Raleigh Hotel in Miami Beach, Florida.
  • Represented developer in all aspects of a hotel project on Broadway in New York City, including acquisition, financing and hotel related agreements.
  • Represented developer in construction financing for first-of-a-kind Virgin-branded hotel in Chicago, Illinois.
  • Represented secured creditor in Bankruptcy proceeding in acquiring title to a hotel and convention center.
  • Represented developer in evaluating the acquisition of the Setai Hotel in Miami Beach, Florida.
  • Represented institutional client in evaluating the acquisition of the Gansevoort Hotel in Miami Beach, Florida.
  • Represented developer in $110 million CMBS refinancing for a shopping center on Las Vegas Boulevard in Las Vegas, Nevada.
  • Represented owner of "big box" shopping center in Las Vegas, Nevada in a $50 million CMBS re-refinancing.
  • Represented investors in several purchase and lease back transactions of bank branch locations and financings for such purchases.
  • Represented major South Florida auto dealership group in connection with approximately $200 million in floor plan, secured lines of credit, construction and mortgage financing transactions.
  • Represented marina operator firm in negotiations to acquire and to joint venture with a South Beach marina operator valued at approximately $150 million.
  • Represented developer in acquisition and development of luxury Caribbean resort in Anguilla including negotiation of leases and concessions with Government of Anguilla, and hotel operating agreements with various luxury international brands.
  • Represented majority owner of public company focused on lithium-ion battery technology and energy in obtaining $80 million financing from Eastern European state bank.
  • Represented various prospective developers in evaluating viability of projects and legislation in jurisdictions of Barbuda, Anguilla and Bahamas.
  • Represented developer in the acquisition of an existing hotel in Harbour Island, Bahamas, and in the $21 million acquisition and construction financing. The representation also included drafting of property covenants, and purchase and sale agreements for sale of homes to third parties.
  • Represented developer in evaluating the purchase of Emerald Bay located in the Great Exuma, Bahamas.
  • Represented developer in evaluating the purchase of land in Mayaguana, Bahamas for development and sale of luxury residences.
  • Represented developer in evaluating the purchase and joint venture with a Bahamian owner group of a large portion of Cat Island, Bahamas.
  • Represented cruise line in negotiation of a port lease in Haiti.
  • Represented financial institution in a mortgage loan transaction with respect to a property in Long Bay, Bahamas.
  • Represented private equity firm in evaluating an investment and joint venture with a developer of a luxury residential project in Norman’s Cay, Bahamas.
  • Represented several high-net-worth individuals in acquisitions of lots and homes in the Bahamas.

Recognition & Leadership

  • Team Member, Chambers USA Award for Excellence, Real Estate, 2017 
  • Selected, Daily Business Review, "Top Dealmakers of the Year - Real Estate Finance Category," 2013
  • Team Member, a U.S. News - Best Lawyers®, "Law Firm of the Year" in Real Estate Law, 2015
  • Team Member, a Law360 "Real Estate Practice Group of the Year," 2011-2013 and 2015
  • Team Member, The Legal 500 United States, "Top Tier" Firm in Real Estate, 2013 and 2014
  • Team Member, Chambers USA Award for Excellence, Real Estate, 2010 and 2013
  • Committee Member, Big Brothers Big Sisters Golf Classic, 2014
  • Member, American Bar Association
  • Member, Russian American Chamber of Commerce South Florida

Credentials

Education
  • J.D., magna cum laude, University of Miami School of Law, 2006
    • Order of the Coif
    • Member, University of Miami Law Review
    • Dean's Merit Scholarship Recipient
    • Dean's List
  • B.S., Computer Science, magna cum laude, St. John's University, 1999
    • Dean's List
Admissions
  • Florida
Languages
  • Russian