Greenberg Traurig Shareholder Steve Bassin Advises Versazca Group in $13M Purchase of City Hall site in Edgewater

Share Article

Steve Bassin, a shareholder in the Miami Real Estate practice of international law firm Greenberg Traurig, P.A., recently represented the Verzasca Group in closing a $13 million land purchase on Biscayne Boulevard in Miami’s Edgewater district.

Steve Bassin, a shareholder in the Miami Real Estate practice of international law firm Greenberg Traurig, P.A., recently represented the Verzasca Group in closing a $13 million land purchase on Biscayne Boulevard in Miami’s Edgewater district.

The deal includes 32,236 square feet of land at 2000 Biscayne Boulevard, the former site of the City Hall restaurant, as well as several small commercial tenants, which is planned for redevelopment. This acquisition presented several unique challenges and took more than 15 months to complete, including, an agreement by the seller to receive a portion of the purchase price in future condominium units expected to be built on the site. Bassin, with the assistance of Sivan Nisimov, an associate in the firm’s Miami Real Estate practice, handled all transaction-related aspects of the deal from start to finish.

“I am very pleased to have achieved this great result for the client,” Bassin said. “The deal terms we were able to achieve on this acquisition give the client significant flexibility in executing its business plan.”

Bassin is a commercial real estate attorney who represents developers, lenders and investors locally, as well as throughout the U.S. and abroad. He also has significant experience assisting foreign investors and companies to establish U.S. operations. His real estate experience includes negotiation and implementation of acquisitions, leasing, joint ventures, and financings. He received a law degree, magna cum laude, in 2006 from the University of Miami School of Law.

About Verzasca Group

Verzasca Group is a privately held firm with direct hands‐on experience in the acquisition, development, financing, operation, and marketing of residential and commercial real estate. The firm was created in August 2014 by former NHL star Darius Kasparaitis alongside finance and real estate professionals Gennady Barsky and Tim Lobanov. Verzasca’s commercial and residential projects draw from and enhance the best of each community, using materials of the highest quality and relying on the industry’s finest architects, designers, landscape artists, and craftsmen to deliver modern beauty and simplicity at a tremendous value.

About Greenberg Traurig — Miami

The Greenberg Traurig Miami office was founded in 1967 by attorneys with a business-focused approach and a tradition of community service. Since that time, the Miami office has actively supported and helped drive South Florida’s growth as an international financial and cultural center, serving as a gateway between the United States, Latin America, Europe, Asia, and the Middle East. In the community, the office is well-known for its “Miami Roots, Global Reach.” The attorneys advise local, national, and international companies in numerous industries and sectors, including aviation, entertainment, financial institutions, health care, international trade and customs, labor and employment, manufacturing, real estate, retail, and technology. In Florida, Greenberg Traurig serves clients from across seven offices in Boca Raton, Fort Lauderdale, Miami, Orlando, Tallahassee, Tampa, and West Palm Beach.

About Greenberg Traurig, LLP

Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 1,900 attorneys serving clients from 38 offices in the United States, Latin America, Europe, Asia, and the Middle East. The firm is No. 1 on the 2015 Law360 Most Charitable Firms list, third largest in the U.S. on the 2015 Law360 400, on the 2015 Am Law Global 100, and among the 2015 BTI Brand Elite. More information at: http://www.gtlaw.com.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Elaine Walker
Visit website