David Shear and Lori Hartglass publish articles on Miami Beach HoJo
[caption id="" align="alignleft" width="90"] Lori R. Hartglass[/caption] [caption id="" align="alignleft" width="90"] David Shear[/caption]
Arnstein & Lehr LLP Miami Partners David Shear and Lori Hartglass recently assisted our client Dezer Properties LLC with the sale of the Howard Johnson Plaza Dezerland Beach & Spa in Miami Beach to an affiliate of Miami-based Terra Group for $65 million. For the time being, it is believed Terra Group will still operate the property as a Howard Johnson, but at some point they intend to substantially renovate the property. This is the first transaction between the buyer and seller. It was a cash transaction, and the buyer obtained private financing with no commercial bank involved. The transaction garnered the attention of the South Florida Commercial Real Estate News (CRE) on December 17 the Daily Business Review on December 24.
To read the DBR article in full, please click here.
To read the CRE South Florida article in full, please click here.