Primary Office
Real Estate Development, Financing and Construction
Some of Teo's select work and representations in real estate development and construction projects and financing to support them include:
- Negotiation of construction documents for a design-build contractor of a 375-megawatt data center, with an estimated construction budget of $3.6 billion.
- Negotiation of construction documents for a design-build contractor of a multi-phase data center campus, with a site utility load estimated to amount to 615 megawatts in the aggregate and a construction budget of $5.8 billion upon substantial completion.
- The developer of Waldorf Astoria Hotel & Residences Miami, a $970 million mixed-use hotel, condominium and retail project known as the first “supertall” tower in Miami with a projected sellout of $1.2 billion. His work also included supervision of the negotiation of the project’s development/construction documents and regulatory approval of the condominium by governmental authorities.
- The developer in the development and financing of The Elser, a mixed-use hotel and condominium project with a projected sellout of $662 million, including the $120 million construction loan and subsequent $235 million inventory loan refinancing.
- The developer of E11even Hotel & Residences, a mixed-use hotel and condominium project with a projected sellout of $426 million. His work also included supervision of the negotiation of the project’s development/construction documents and regulatory approval of the condominium by governmental authorities.
- The developer of a residential condominium in the Palm Beach area in obtaining approval from governmental authorities for the project. He also acted as borrower’s counsel for the developer in a subsequent $269 million construction loan by a private equity lender to the project and subsequent negotiations with project’s general contractor.
- A private equity lender in its $95 million construction loan to a residential project, as well as in negotiations for the general contractor.
Real Estate Transactions and Leasing
Some of Teo's select representations in real estate transactions and leasing include:
- A joint venture between various investor groups in a series of acquisitions of single-family residential properties totaling $27 million, as well as in the negotiation of a $23 million non-revolving credit facility with a private lending fund.
- A hedge fund in the $16 million sale of a stabilized office property in Wilmington, Delaware.
- Multiple asset managers in leasing matters, including the leasing of office, retail and industrial properties.