MIAMI—With the 2013 increase in the capital gains tax rate looming, the owner of the Shoppes of Rolling Hills felt they needed to expedite the sale of its University Drive shopping center. The challenge: getting the deal closed within three weeks.
Located at 2851 S. University Drive in Davie FL, the Shoppes of Rolling Hills is strategically located directly across from Nova Southeastern University. The Shoppes of Rolling Hills, Inc. inked a deal with SRH Partners, LLC. But the agreement was just the beginning of the race to close by Dec. 31, 2012.
Bilzin Sumberg attorney Adam Lustig, representing buyer Beth Azor of SRH Partners. Azor contacted Lustig the first week of December and charged him with bringing the deal together before the end-of-the-year deadline.
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