MIAMI — A Greenberg Traurig attorney has aided OKO Group and its partner Cain Hoy Enterprises with the financing and tax related issues regarding the acquisition of a 2-acre parcel along Biscayne Bay located in Miami’s waterfront Edgewater neighborhood.
Steve Bassin, a shareholder in the Miami real-estate practice of international law firm Greenberg Traurig, P.A., is reported to have led a team that featured Miami Land Development and Zoning shareholder Carlos R. Lago, according to a news release on PR Web.
Lago advised the joint venture on the land-use development potential for the site under existing government regulations, the news release said, while associates Brain A. Dombrowski and Bryan Saul were also involved in the team.
OKO Group and Cain Hoy Enterprises bought the Edgewater property for $54 million from Jesuit Fathers of the Province of the Antilles, which had used the site for education and as a retreat, according to a report on the University Chronicle website.
According to the report, the waterfront property is on lot that has water surrounding it on two sides, which for a “prime development opportunity for the two partners in what is considered one of South Florida’s most exciting up-and-coming neighborhoods.”
In the report, Bassin said that Greenberg Traurig is looking forward “to seeing the impact this project will have on transforming” the Edgewater neighborhood and that the site “is a real gem located in great proximity to the booming Design District and Wynwood neighborhoods.”
The University Chronicle stated that Bassin, a commercial real-estate attorney, represents developers, lenders and investors locally in the United States and abroad. He earned his law degree in 2006 from the University of Miami School of Law, graduating magna cum laude. His real-estate experience features negotiation and implementation of acquisitions, joint ventures, leasing, and financings. He is also qualified in assisting foreign investors and companies to establish U.S. companies.
Developed by Chairman and CEO Vladislav Doronin, OKO Group is an international real-estate development firm. The University Chronicle report said Doronin has constructed more than 75 million square feet of commercial, retail and luxury residential space over a total of 71 buildings as founder of Capital Group.
Cain Hoy Enterprises, a private-investment company, is financed with permanent capital that owns a diversified portfolio of real-estate investments. Run by Chief Executive Jonathan Goldstein, it has its headquarters in London and New York. In 2016, Cain Hoy Enterprises won Financier of the Year at the Property Week Property Awards, according to PR Web.
As an international, multi-practice law firm with around 2,000 attorneys, Greenberg Traurig serves clients from its total of 38 offices in the United States, Latin America, Europe, Asia and the Middle East. Its Miami office was founded in 1967.