Greenspoon Marder Advises Client Westgate South Beach, LLC On $73 Million Sale of Landmark Mid-Beach Timeshare Property

News Jun 30, 2023 Fort Lauderdale, FL

Fort Lauderdale, Fla. – June 30, 2023 – Greenspoon Marder is pleased to announce its role as counsel for client Westgate South Beach LLC, an affiliate of Orlando-based timeshare firm Westgate Resorts, in the successful sale of a historic 46-unit timeshare property located at 3611 Collins Ave in Miami Beach’s Mid-Beach neighborhood. The property, spanning 0.8 acres in size, was sold for $73 million to MDEV6 LLC, an affiliate of Miami-based multifamily developer 13^th Floor Investments. Originally constructed in 1938, the three-story building underwent a comprehensive renovation in 2020.

The transaction was overseen by co-managing director Michael Marder and partners Leonard Lubart and Kate Saft. Their in-depth knowledge of real estate law, coupled with their extensive experience in handling complex transactions, enabled an ideal negotiation process. Robert Webb and Jason Brady of BakerHostetler acted as counsel for the Owner’s Association in the deal.

“Our longstanding relationship with Westgate Resorts allowed us to work closely with the company to achieve their objectives in this landmark transaction. We are proud to have supported them throughout this deal and to continue to provide exemplary legal services to the Westgate team,” said Mr. Marder.

This sale marks another significant milestone for both Westgate Resorts and 13th Floor Investments, further solidifying their positions as industry leaders in the hospitality and real estate sectors, respectively.

About Greenspoon Marder

Greenspoon Marder LLP is a full-service law firm with over 225 attorneys and more than 20 office locations across the United States. With operations from Miami to New York and from Denver to Los Angeles, our firm attracts some of the nation’s top talent in key markets and innovation hubs. Our core practice areas include Real Estate, Litigation, and Transactional Services, complemented by the capabilities of a full-service firm. Greenspoon Marder has maintained a spot on The American Lawyer’s Am Law 200 as one of the top law firms in the U.S. since 2015, and our goal is to provide exceptional client service by developing a thorough understanding of each client’s business needs and objectives in order to provide strategic, cost-effective solutions.

MEDIA CONTACT

Natalie Villanueva, Director of Marketing
954.333.4308 | [email protected]

This Greenspoon Marder LLP Client Alert is issued for informational purposes only and is not intended to be construed or used as general legal advice nor a solicitation of any type. Please contact the author(s) or your Greenspoon Marder LLP contact if you have any questions regarding the currency of this information. The hiring of a lawyer is an important decision. Before you decide, ask for written information about the lawyer’s legal qualifications and experience.

Previous Next

News

Greenspoon Marder Advises Client Westgate South Beach, LLC On $73 Million Sale of Landmark Mid-Beach Timeshare Property

Share

News & Events

News & Events