Wharton Snags 2.2-Acre Development Site In Downtown Miami

Law360, New York (September 24, 2013, 5:21 PM EDT) -- Wharton Equity Partners has acquired the so-called Burdines Site, one of the largest undeveloped parcels of land in Miami's central business district, through a deed in lieu of foreclosure on a note it purchased earlier this year, the firm announced Tuesday.

Wharton acquired the note giving it title to the 2.2 acres of land with an institutional partner in an all-cash transaction in under 30 days, but the terms of the deal were not disclosed.

The property has been approved for a 2.2 million-square-foot mixed-use project...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.