December 4, 2015 – MIAMI – Alvarez Arrieta & Diaz-Silveira LLP (AADS), a Miami-based corporate boutique law firm specializing in international and domestic M&A, finance, real estate, immigration and private wealth services, announced the successful completion of two historic deals on behalf of the City of Miami Beach related to its Convention Center and forthcoming hotel.
AADS advised the City of Miami Beach on a $500 million contract with Clark Construction to renovate, remodel, and expand the existing Miami Beach Convention Center. AADS also negotiated a development and ground lease agreement between the City and an affiliate of Portman Holdings for the ground lease and development of the proposed Miami Beach Convention Headquarter Hotel, which remains subject to a voter referendum currently expected in March, 2016.
Attorneys H. William Walker, Jr. and Lauren M. Hunt led the deals in conjunction with the City Attorney’s Office for the City of Miami Beach. The duo were originally selected to assist on the ground lease agreement with Portman Holdings, and after working together, the City decided it would be well-served to have AADS represent it on the Clark Construction project as well.
“We were very honored and proud to represent the City on these high profile projects,” said partner Lauren Hunt.
The projects are slated to be completed by 2018, just in time for Art Basel.
December 3, 2015 – MIAMI – Alvarez Arrieta & Diaz-Silveira LLP (AADS), a Miami-based corporate boutique law firm specializing in international and domestic M&A, finance, real estate, immigration and private wealth services, has announced the promotion of Colleen Grady to partnership.
“For our firm, having Colleen join us was an exceptional opportunity to add a highly regarded lawyer and a true leader to our team,” said Pedro “Tony” Alvarez, one of the firm’s founders. “Today, we count ourselves as fortunate to have her with us and very much look forward to her contributions as a member of our partnership,” he added.
Grady focuses on corporate matters with an emphasis on cross-border and domestic M&A transactions. She regularly represents clients with business and investment interests throughout Florida, the Caribbean Basin and Latin America, and has a growing practice representing clients with origins and interests in Scandinavia. She is a seasoned M&A professional with broad experience in joint ventures and complex financings.
Most recently, Grady was part of the team that represented a $150 million purchase of a liquid natural gas processing plant in Trinidad and Tobago, which received the Daily Business Review’s 2015 Top Dealmaker of the Year award in the Industrial category. Grady has been recognized in the past year by the Daily Business Review for several transactions, including the acquisition and financing of the largest wind farm in Central America, and negotiating a Colombian micro-lender’s $50 million loan from the Inter-American Development Bank.
Prior to joining AADS, Grady was a corporate associate in the Miami, Stockholm and Helsinki offices of the international law firm White & Case LLP for a number of years before teaching at Nova Southeastern University’s Shepard Broad Law Center from 2005-2014.
“In coming back into the private practice of law from academia, I was thrilled to join a young and growing firm in my chosen area. Now, I look forward to working with my partners to assure its continued success and excellence,” said Grady.
Grady is a graduate of the University of Miami School of Law, from which she received her J.D., magna cum laude and was inducted into the Order of the Coif in 1997. She is admitted to practice law in both Florida and New York.
The Dealmakers: Pedro “Tony” Alvarez and Colleen Grady
The Deal: The Alvarez Arrieta & Diaz-Silveira attorneys represented Bayport Colombia in securing a $50 million loan from the Inter-American Development Bank (IDB) to finance micro-loans that will be made to lower income government workers and pensioners in Colombia. The loan was funded on June 17.
Details: The deal marks the first time the IDB, which provides financing for development in Latin America and the Caribbean, has given a financing package to a micro-lender.
Headquartered in Bogota, Bayport Colombia is a subsidiary of Bayport Management Ltd., which also operates in seven African countries and Mexico.
The nonbank financial services company provides loans to people who have limited or no access to banking services, with the intent of enabling them to improve their lives. Loan payments are made through payroll deductions.
Bayport estimates the $50 million will allow the company to provide loans to 110,000 Colombian families, with the minimum loan amount the equivalent of $500. The loans are typically used to pay for education, home improvements, health care, and launching or expanding small businesses. According to a project description submitted by Bayport, the annual interest rate was to be 23.8 percent.
Bayport is a new client for Alvarez and Grady. The company’s financial adviser knew them from other deals they had done in the region and recommended them to Bayport.
“We think it is very exciting because everything that is about accessing banking services and financial services in Latin America is growing very fast,” Alvarez said. “The unbanked piece of that market is very large. There is huge potential there to bring these services to people all over the region. Smaller borrowers don’t have much access yet to commercial lenders.”
July 1, 2015 – MIAMI – Alvarez Arrieta & Diaz-Silveira LLP (AADS), a Miami-based corporate boutique law firm specializing in international and domestic mergers & acquisitions, finance, real estate, immigration and private wealth services, announced a successful $50 million financing package for Bayport Colombia, a leading international financial services firm. The $50 million was secured through Inter-American Development Bank (IDB), and AADS provided U.S. legal representation for Bayport Colombia.
AADS founding partner Pedro “Tony” Alvarez and associate Colleen Grady worked with Bayport Colombia on the deal. Bayport Colombia will utilize the funds to finance micro-loans for public-sector employees and pensioners in Colombia, which will then be repaid through payroll deduction. The $50 million loan was the first of its kind from IDB, who has not been involved with this industry before.
“Bayport Colombia is serving a real need in Colombia where credit is not always easily available to lower-class citizens,” Grady said. “With the help of IDB, Bayport will be able to raise the standard of living for many working people.” Approximately 110,000 families are expected to benefit over the life of the IDB loan.
Bayport Colombia is a subsidiary of Bayport Management Ltd. (BML), which specializes in providing loans to low-income government workers in developing countries. BML has a presence in seven African nations as well as in Mexico and Colombia. The company currently owns $1.2 billion U.S. in assets.
Veteran real estate attorney to bolster the firm’s practice area
June 17, 2015 – MIAMI – Alvarez Arrieta & Diaz-Silveira LLP (AADS), a Miami-based corporate boutique law firm specializing in international and domestic mergers & acquisitions, finance, real estate, immigration and private wealth services, has announced the addition of veteran real estate attorney, Douglas K. Bischoff.
Bischoff brings more than 30 years of legal experience in the real estate field as former senior vice president and general counsel for The Related Group, the head of real estate for the Miami offices of Holland & Knight and Morgan, Lewis, & Bockius. Most recently, Bischoff served as associate dean for adjunct faculty at the University of Miami School of Law, a post he held since 2010.
“Doug’s extensive experience in real estate transactions will bring immense value to our clients and to our practice, and we couldn’t be more enthusiastic to welcome him to our team,” said AADS founding partner, Pedro “Tony” Alvarez.
Bischoff added, “the quality of legal counsel at AADS, their approach to the practice of law, and their client-focused philosophy are a great fit and I am excited for the opportunity to help grow the firm’s real estate practice.”
Bischoff is a graduate of Duke University and received his J.D. from the University of Miami School of Law, where he also earned his LL.M. He began teaching at the University of Miami School of Law in 1982 and directed the Graduate Program in Real Property Development.