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May 29, 2007 Trump Hollywood Financing Completed (Commercial Property News)
Law firm Greenberg Traurig L.L.P. has announced that it has finalized The Related Group's acquisition of the property earmarked for the development of Trump Hollywood, a 200-unit luxury condo tower on the beach in Hollywood.
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The $226.5 million construction loan was secured by Greenberg Traurig from Lehman Bros. Inc. The 40-story tower will front 240 feet of pristine beachline and feature bedroom units ranging in size from 2,070 square feet to more than 4,350 square feet of living space and expansive terraces. Penthouse residences will offer more than 7,000 feet. Construction is expected to take approximately 30 months. Greenberg Traurig shareholder Joel Goldman served as primary attorney for The Related Group along with Greenberg Traurig associate Kimberly LeCompte. They were assisted by Greenberg Traurig shareholders John Hutton, III, Debbie Orshefsky and Barbara Hall and associates Paul Keenan and Rebekah Salguero. The law firm of Eisinger, Brown, Lewis & Frankel P.A. represented the seller, Jean Francois Roy, President of Ocean Land Investments Inc. Paul Hastings Janofsky & Walker L.L.P. served as lender's counsel in the deal. |
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