SOURCE: Greenberg Traurig

May 04, 2007 10:18 ET

Greenberg Traurig Completes $220M Financing Deal for Trump Hollywood Project

HOLLYWOOD, FL -- (MARKET WIRE) -- May 4, 2007 -- The international law firm Greenberg Traurig, LLP announced today 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. The $226.5 million construction loan was secured by Greenberg Traurig from Lehman Bros., Inc.

The 40-story, contemporary 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.

"The planning, hard work, and dedication of all the parties involved has given this project a bright future," said Greenberg Traurig Shareholder Joel K. Goldman, who served as primary attorney for The Related Group along with Greenberg Traurig Associate Kimberly S. LeCompte. "Trump Hollywood is poised for great success."

Goldman and LeCompte were assisted by Greenberg Traurig Shareholders John B. Hutton, III, Debbie M. Orshefsky and Barbara A. Hall and Associates Paul. J. Keenan and Rebekah D. 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, LLP served as lender's counsel in the deal.

About Greenberg Traurig, LLP

Greenberg Traurig, LLP is an international, full-service law firm with 1,600 attorneys and governmental affairs professionals in the U.S., Europe and Asia. The firm is ranked seventh on The American Lawyer's Am Law 100 listing of the largest law firms in the U.S., based on number of lawyers.

Greenberg Traurig serves clients from offices in: Albany, NY; Amsterdam, The Netherlands; Atlanta, GA; Boca Raton, FL; Boston, MA; Chicago, IL; Dallas, TX; Denver, CO; Fort Lauderdale, FL; Houston, TX; Las Vegas, NV; Los Angeles, CA; Miami, FL; Morristown, NJ; New York, NY; Orange County, CA; Orlando, FL; Philadelphia, PA; Phoenix, AZ; Sacramento, CA; Silicon Valley, CA; Tallahassee, FL; Tampa Bay, FL; Tokyo, Japan; Tysons Corner, VA; Washington, D.C.; West Palm Beach, FL; Wilmington, DE; and Zurich, Switzerland. Additionally, the firm has strategic alliances with the following independent law firms: Olswang, London and Brussels; Studio Santa Maria, Milan and Rome; and Hayabusa Asuka Law Offices in Tokyo. For additional information, please visit the firm's Web site at www.gtlaw.com.

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