We are proud to represent many of the businesses that have contributed to Florida’s growth over the last forty years. Our clients range from small start-ups to some of the largest multinational corporations in the world, as well as some of the country’s most successful individuals and entrepreneurs. We have the practical business sense to resolve complex legal problems and to understand the impact of the law and the regulatory environment on our clients' businesses. We believe that our clients’ success is our business.
Litigation Team Obtains Order of Contempt In Favor of Longtime Client Benihana.
Stearns Weaver Miller recently obtained an order of contempt in favor of Benihana, Inc. against Benihana of Tokyo (BOT) in the U.S. District Court for the Southern District of New York. Our team has successfully defended Benihana in more than 10 disputes and appeals brought by BOT from 2012 to 2017, and, to date, Benihana has been awarded in excess of $1.2 million in attorneys' fees.
13th Floor Investments acquires $19.5 million site in Miami’s Upper East Side
Represented 13th Floor Investments in the $19.5 million acquisition of a 2.2 acre site in Miami’s Upper East Side. The site, located at 5700 Biscayne Boulevard, was acquired in an all-cash deal through a partnership between 13th Floor and Tricera Capital. The partnership plans to break ground in early 2018 on an apartment and retail project.
BBX Capital Corporation acquires national candy retailer
Represented BBX Capital Corporation in the acquisition of IT’SUGAR for a purchase price of approximately $57 million, net of cash acquired. IT’SUGAR is the largest specialty candy retailer in the United States with 95 locations in 26 states. The acquisition expands BBX Capital’s retail confectionary footprint, which includes Hoffman’s Chocolates.
D.R. Horton, Inc. acquires 20-acre site in Miami-Dade County
Represented national homebuilder, D.R. Horton, Inc., in the $11.9 million acquisition of 140 single-family home lots in Miami-Dade County, Florida. The 20-acre site near the Homestead Air Reserve Park was sold by an affiliate of Adrian Homes.
10-year litigation ends in major victory for Alan Levan and BBX Capital
Read the Law360 article here.
Acquisition of Ocean Mall in Riviera Beach, Florida
Represented a joint venture between Duncan Hillsley Capital and Pebb Enterprises in its acquisition of Ocean Mall, a shopping center in Riviera Beach, Florida, and the financing for the acquisition. The center comprises several low-rise ocean-front buildings on leased land owned by the City of Riviera Beach. The seller had acquired the ground lease by foreclosing the interests of the original developer. We also helped to obtain the City’s consent to the conveyance of the ground lease, which could not be conveyed without that consent. Given the importance of the project to the City, the consent process required several in-person meetings with City officials and staff and several City council hearings.
$66.5 million construction loan for San Francisco multifamily project
Represented Rescore Corp., a private REIT, in securing $66.5 million in construction financing for the development of a 9-story residential tower with 160 rental units in the heart of San Francisco’s Mid-Market area. The financing includes senior debt provided by Pacific Western Bank and mezzanine debt from Square Mile Capital.
Acquisition and financing for beachfront hotel in Hillsboro Beach, Florida
Represented BH3 Asset Management LLC in connection with the acquisition and financing of a beachfront hotel in Hillsboro Beach, Florida. The Firm’s representation included negotiating a complex joint venture agreement and construction and mezzanine financing, and working with six other law firms to accomplish an expedited closing.
Pro Bono Team Goes the Distance
Successfully represented a pro bono client who had been tricked into signing a quit claim deed giving up title to half of his house. After 3 years of contentious litigation, obtained summary judgment on claims of quiet title and breach of contract, recovering clear title to the client’s home of more than 30 years. Read The Florida Bar Journal article here.
Affordable Housing team helps client raise $71.5 million in bonds on Tel Aviv Stock Exchange
Represented the Cornerstone Group, one of the largest affordable housing developers in the country, in its issuance of $71.5 million in corporate debentures on the Tel Aviv Stock Exchange. Read the Daily Business Review article here.
Financing for affordable housing community serving adults with disabilities
Quest, Inc., is a non-profit organization that serves individuals with developmental disabilities throughout Orlando and Tampa. We represented Quest in securing construction financing and tax credit syndication totaling $16.8 million for Quest Village, an affordable apartment community for independent adults with developmental disabilities. It will be the first of its kind in central Florida.
Securities Class Action Dismissed
Obtained dismissal of a securities class action against client Erba Diagnostics, Inc. and certain of its current and former directors and officers. Our team successfully argued that the plaintiff failed to allege facts sufficient for the court to draw an inference that the defendants acted with the “scienter,” i.e., intent to deceive, necessary for a plaintiff to establish liability under Rule 10b-5. The court dismissed plaintiff’s case.
Victory impacts agricultural landowners statewide
Represented a breeder of exotic birds in Palm Beach County, Florida, in a case that is important for agricultural landowners statewide. Successfully appealed a circuit court ruling that denied our client the agricultural tax classification known as “greenbelting.” The Fourth DCA granted the tax classification, resulting in substantially lower tax assessments for our client, and numerous land use and environmental protections and exemptions.
Bank grants $55.9 million in loans to developer
Represented Santander Bank in connection with two loans totaling $55.9 million to developer Copperline Partners for the acquisition and renovation of Harbor Inn Apartments, a 310-unit apartment complex in Coral Springs, Florida, and Marsh Harbour Apartments, a 168-unit apartment complex in Sunrise, Florida.
Gencom acquires luxury resort in Costa Rica
Represented real estate investment group Gencom in the acquisition of a luxury resort in Costa Rica’s tourist hotspot of Guanacaste. The acquisition of Peninsula Papagayo Resort includes the Four Seasons Papagayo Hotel, a golf course, marina and beaches.
$151 million antitrust class action settlement
Jay Shapiro and team obtained a landmark $151 million antitrust class action settlement on behalf of indirect purchasers of polyurethane foam. This was the fourth largest antitrust recovery ever on behalf of an indirect purchaser class.
Construction Team turns lawsuit into $1.1 million victory
Obtained a $1.1 million verdict, plus award of attorneys fees and costs, as lead counsel in a month long jury trial on behalf of a construction firm fraudulently induced into a fixed price contract, successfully turning a breach of contract lawsuit against contractor into a favorable verdict on counterclaims.
$95 million loan for longtime client’s luxury waterfront condominium project
Represented a joint venture between 13th Floor Investments and Key International in connection with the $30.5 million acquisition and subsequent $95 million construction loan for The Harbour condominium project, a twin-tower, 425-unit luxury waterfront condominium located in North Miami Beach.
Apartment project brings affordable housing to Overtown, Miami
Assisted affordable housing developer, St. John Community Development Corporation and the CDP Companies, in the closing of the development and financing for St. John Plaza, a 90-unit apartment complex in Overtown, Miami. The project was financed through multiple sources, including bonds issued by the Southeast Overtown/Park West Community Redevelopment Agency (CRA) and the Housing Finance Authority of Miami-Dade County.
$10 million private placement for NOW Diagnostics, Inc.
Represented NOW Diagnostics, Inc., in a $10 million private placement of convertible promissory notes.
NOW Diagnostics, Inc. is a rapid assay medical diagnostics company, with products that use a drop of blood to test for a variety of conditions, illnesses and diseases and that achieve results in a matter of minutes, eliminating the need to send tests to off-site laboratories.
Goodwill facility to provide jobs for individuals with disabilities
Obtained a zoning modification on behalf of Piedmont Companies, a developer of Goodwill Industries projects across the country. The 212,000 square foot facility in Hillsborough County will serve a 10-county area, employing over 100 individuals with disabilities and special needs. It is Goodwill Industries-Suncoast, Inc.’s first "build to suit" distribution center in its central Florida territory and will be used as a model for future facilities.
Victory for City of Marathon, Florida
Represented the City of Marathon, Florida, in a breach of performance bond lawsuit against a surety involving two components of $120 million public works project. Successfully obtained judgment in federal court for excess completion cost damages, attorneys' fees and costs.