News

  • Impact of Reduction in Florida Sales Tax on Commercial Real Property Leases For 2019

    By David Schull on January 16, 2019
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    Florida imposes a sales tax on rents under real property leases. In 2018, the general 6 percent state-level tax was reduced to 5.8 percent, but the Florida legislature enacted a law to further reduce the rate to 5.7 percent for occupancy periods beginning on or after January 1, 2019. It should be noted that these laws did not reduce the […]
  • Florida Reduces Sales Tax on Commercial Rent

    By David Schull on January 10, 2018
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    Effective January 1, 2018, the sales tax on the total rent or license fee charged under a commercial lease of real property (i.e., business rent tax) has been reduced from 6 percent to 5.8 percent. Florida is the only state in the United States to impose such a tax.  Thus, many critics feel that the tax has discouraged Florida’s economic […]
  • Bahia Mar mortgage boosted to $135M by Florida Community Bank

    By Thomas Angelo on October 19, 2017
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    Redevelopment plans for Bahia Mar in Fort Lauderdale total nearly 2 million square feet. The hotel owner is completing renovations and has a pending redevelopment plan. Florida Community Bank boosted the mortgage of the Bahia Mar resort and marina in Fort Lauderdale to $135 million as the property undergoes renovations. The property is the home of the annual Fort Lauderdale […]
  • Lauderdale Beach Acre Sells for $32 Million – Daily Business Review

    By Thomas Angelo on May 3, 2017
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    April 28, 2017 Carla Vianna Daily Business Review Two real estate investors and restaurateurs have purchased a retail acre on Fort Lauderdale beach for $32 million, marking one of the priciest purchases for the beachfront strip. Aiton Yaari and Lior Avidor pocketed two buildings on the corner of Fort Lauderdale Beach Boulevard and Poinsettia Street north of Las Olas Boulevard […]
  • Fort Lauderdale beach retail strip sells for $32M – South Florida Business Journal

    By Thomas Angelo on May 3, 2017
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    Apr 28, 2017, 12:40pm EDT Updated: Apr 28, 2017, 2:12pm EDT By: Brian Bandell Senior Reporter South Florida Business Journal After cashing out of one Fort Lauderdale beach property for $18.7 million, Aiton Yaari and Lior Avidor bought another down the block for $32 million. Attorney Thomas P. Angelo, CEO of Fort Lauderdale-based Angelo & Banta P.A., said he represented […]
  • Angelo & Banta Closes $180,000,000.00 Refinancing of The EDITION Hotel

    By David Schull on January 19, 2017
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    The law firm of Angelo & Banta, P.A. is pleased to announce that it recently assisted its client, Black Marble E 2013, LLC, in the $180,000,000.00 refinancing of The Miami Beach EDITION hotel in Miami Beach, Florida. The EDITION is an elegant design hotel located at 2901 Collins Avenue, Miami Beach, Florida and has 294 individually designed guest rooms and […]
  • Angelo & Banta Law Firm Represents Institutional Buyer of $402 Million Home Portfolio

    By David Schull on September 9, 2015
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    Angelo & Banta Law Firm Represents Institutional Buyer of $402 Million Home Portfolio FT. LAUDERDALE, FL–(Marketwired – September 01, 2015) – Angelo & Banta, PA is pleased to announce it acted as lead counsel for CSMA BLT LLC in its acquisition of a 4,200-unit rental home portfolio from Building Land and Technology based in Stamford, CT. The purchase price was […]
  • New York investor snags $402M rental home portfolio with C. Fla. homes

    By David Schull on September 8, 2015
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    New York investor snags $402M rental home portfolio with C. Fla. homes Anjali Fluker, Senior Staff Writer Orlando Business Journal A New York private investment firm spent $402 million to buy a portfolio of 4,200 rental homes in seven states, which includes 138 homes in Central Florida. CSMA BLT LLC, an entity related to Cerberus Capital Management LP, on Aug. 31 bought […]
  • Fort Lauderdale Attorneys Advise on $402M Apartment Deal

    By David Schull on September 8, 2015
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    Fort Lauderdale Attorneys Advise on $402M Apartment Deal Samantha Joseph, Daily Business Review A Fort Lauderdale law firm was the behind-the-scenes dealmaker in a $402 million real estate transaction that set national records.The corporate practice at Angelo & Banta spent months negotiating the acquisition of a 4,200-unit rental home portfolio from Stamford, Connecticut-based Building Land and Technology—a deal Bloomberg News […]
  • Duo’s Banking Connections Facilitate Land Sale

    By David Schull on July 18, 2014
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    Duo’s Banking Connections Facilitate Land Sale Eleazar David Melendez, Daily Business Review July 16, 2014 Thomas Angelo teamed up with Gavin Banta to close on a 2.88-acre St. Petersburg site planned for 358 luxury apartments and parking facilities. Dealmakers: Thomas Angelo and Gavin Banta The Deal: The Fort Lauderdale attorneys helped negotiate a land acquisition and associated financing for a […]