Breakwater Edison (Miami Beach)

In re: Breakwater Edison (Miami Beach), Bankruptcy Court, Southern District of Florida, Miami Division

Firm appointment as Chapter 11 bankruptcy trustee for an interrupted condo hotel project. Duties include collateral preservation, review and recertification of governmental notices of code violations, addressing outstanding tenant claims as they may affect the marketing, sale and value of the project and continuing oversight management of broker activities to sell the project in the near term. The property was sold at a competitive auction with bankruptcy court approval at an acceptable price to the secured creditors ($25.5 million).