Rosenthal Rosenthal Rasco is pleased to announce that TWJ 1101, LLC has closed on a $425,000,000.00 loan for the refinance of the Panorama Project. The Panorama Project includes Panorama Tower, an 85-story 1,294,253 square foot high-rise recently completed on Brickell Avenue. Panorama Tower is the tallest residential building on the eastern seaboard south of New York, at a height of 830 feet. In addition to 821 luxury rental apartments, the Panorama Project includes a 208-room hotel, 70,493 square of office space, 47,360 square feet of high-end retail, a 2,039 parking garage, and two office buildings totaling 271,762 square feet.
The loan was given by a Wells Fargo Bank, National Association, as Administrative Agent.
Rosenthal Rosenthal Rasco LLC, led by founding partner, Kerry E. Rosenthal, who is Board Certified in Real Estate, represented the developers, Tibor Hollo and sons, Wayne Hollo and Jerome Hollo. Mr. Rosenthal has represented the Hollo team in numerous other complex commercial real estate transactions, including the acquisition of the property in 2009, and when it obtained a construction loan for $340,000.00 in March, 2015. At that time, the construction loan was the largest of its type in Miami-Dade County, Florida records.
Kerry E. Rosenthal heads the firm’s Real Estate and Development practice. Rosenthal Rosenthal Rasco, LLC is a multi-practice law firm focusing on real estate, land use and development, and business and real estate litigation. Mr. Rosenthal represents numerous developers and is well known for his real estate acumen and his history of significant transactions. Mr. Rosenthal is considered among the top real estate attorneys, and is often called upon by his peers, as well as title companies, regarding novel issues in real estate transactions.
Tibor Hollo, Chairman & President of Florida East Coast Realty, LLC., is a trail blazer and leader in the Real Estate industry, who has been involved in the development of over 60 million square feet of residential, commercial, retail, and industrial space, with landmark projects from New York to Nevada and throughout Florida.
ABOUT ROSENTHAL ROSENTHAL RASCO
Rosenthal Rosenthal Rasco is a boutique law firm committed to providing its clients with knowledgeable, responsive and cost-effective representation. Its active Real Estate practice represents developers, investors, lenders, business users, and residential sellers and purchasers in the acquisition, development, financing, sale and leasing of real estate. The Firm’s Business and Real Estate Litigation department provides creative solutions to complex issues faced by litigants embroiled in business and real property disputes. Its state and federal litigation practice represents clients at both the trial and appellate levels in business disputes, contract claims, real estate litigation, landlord/tenant matters, brokerage disputes, condominium litigation, probate and guardianship litigation, class actions, banking litigation, arbitration consumer protection and collections. Based in South Florida and recognized for its deep experience and counsel, Rosenthal Rosenthal Rasco provides services to clients with business activities and litigation throughout the country and abroad. For more information, please visit www.rrrlaw.com.