Marc Stephen Shuster focuses his practice in commercial real estate transactions, both healthy and distressed, and corporate M&A deal work. He has extensive experience in cross-border deals, including representing clients in acquiring land or other rights in the Caribbean for the construction of hotels and joint ventures involving hotel, port, retail, restaurant and marina development. Marc regularly assists borrowers and lenders in distressed business transactions and troubled loan work-outs. Additionally, Marc represents entrepreneurs and businesses in restructurings and as a business advisor on best practices across their internal operations. Marc is ranked by Chambers USA in Real Estate.
Representative Experience
· Counsel to Mexican-based bank in $200 million acquisition and construction/renovation loan involving Perry Hotel f/k/a/ Gansevoort Hotel on Miami Beach, Florida
· Counsel to Florida-based emergency management/services conglomerate in negotiating for disaster relief work throughout Caribbean
· Counsel to Royal Caribbean Cruises Ltd. in $200 million development of new cruise port in Falmouth, Jamaica
· Counsel to Herb Stettin, as Chapter 11 Trustee of Rothstein Rosenfeldt Adler, PA, in connection with negotiating and preparing settlement agreements with former clients and third party vendors
· Represented Royal Caribbean Cruises Ltd. in acquiring development and long-term lease rights in St. Maarten port valued at over $50 million. As a part of the transaction, worked on preferential berthing agreement to ensure berthing capability for fleet
· Counsel to international bank in $190 million construction loan involving development of Four Seasons resort in Florida
· Counsel to institutional NYC debt hedge fund in "hard money" loans involving shopping centers located throughout Florida
· Counsel to distressed national multi-family owner/operator in disposition of $100 million portfolio of apartment complexes, in its Chapter 11 proceeding
· Counsel to distressed national storage facility owner in complex workout arrangement involving approximately 300 assets guaranteed by loans exceeding $700 million
· Counsel to P&M Management in construction, development and acquisition of new build hotels throughout south Florida (most recently, representing them in their construction of a Comfort Suites near the Miami International Airport)
· Counsel to national hotel owner in acquisition of $300 million hotel portfolio
· Counsel to vacant land investor in working out troubled loans valued in excess of $20 million in its Chapter 11 proceeding
· Counsel to distressed hotel owner in complex loan workout where underlying property value exceeds $20 million
· Counsel to distressed real estate developer in negotiating the restructure of multiple troubled loans valued at $50 million
· Represented distressed entrepreneur in disposition of telecommunications company and its assets to competitor
· Represented Florida-based real estate developer in negotiating with hard money lender a covenant not to enforce a $40 million personal judgment
· Represented international client in negotiating $200 million transaction with Port Everglades County Government to deliver berthing of world's largest passenger vessel. As a part of the transaction, negotiated the construction of a new, state-of-the-art 150,000 square foot terminal
· Counsel to Royal Caribbean Cruises Ltd. in negotiating with ports of Galveston, Texas, Ketchikan, Alaska, Colon, Panama, Marseilles, France and Cozumel, Mexico in connection with securing various preferential berthing rights
Professional & Community Involvement
· Board of Governors, Fort Lauderdale Museum of Art
· Leadership Broward Class XXIII Graduate
· Miami Children's Young Ambassador, Miami Children's Hospital (2012-2022)
· Co- Founder, Leaders of Tomorrow, a networking group of the next generation of business and community leaders
· Committee Member, Florida Bar RPPTL Section, Real Property Forms
· Committee Member, Florida Bar RPPTL Section, Landlord/Tenant
· Outside General Counsel, Jack and Jill Children's Center, Inc.
· Board Member, Emerald Hills Association
Awards & Recognition
· Chambers & Partners USA, America's Leading Business Lawyers, Real Estate, "Up and Coming" (2011)
· Selected to "40 under 40", 2009, South Florida Business Journal
· South Florida Legal Guide, "Top Up and Comer" (2010-2012)
· Winner "Up and Comers" Award 2006, South Florida Business Journal
· Florida Trend Magazine's Legal Elite (2011)
- "Up and Comer," (2006-2007, 2009-2010)
· Florida's Super Lawyers "Rising Star" (2009-2012)
Articles & Presentations
Articles
· "Using Professionals to Access Capital Markets: Changing Markets Make Getting the Right Help More Critical Than Ever," Berger Singerman Capital Markets Update, October 2009;
· "Analysis will determine limits of Partial Guaranties", Florida Real Estate Journal, 2009;
· "Investing in Distressed Situations", 2008, Smart Business.
· Business risks article, 2005, Smart Business.
· Contributor, hotel article, 2000, Real Estate Forum.
Presentations
· Lead Speaker, 2011 EO/MIT Entrepreneurial Masters Program, "Year 4 Miami Event"
· Panelist, 2008 Information Management Network's Destination Club and Private Residence Industry Symposium
Prior Affiliations
· Director & Associate Counsel, Royal Caribbean Cruises Ltd.
· Associate Attorney, Holland & Knight
In the News
People on the move, Sun-Sentinel, Allen Libow, Melissa Melzer, William Shaheen, Marc Shuster, Etan Mark & Brian Gart, May 12, 2008
On the Move, Florida Bar News, Marc S. Shuster, June 01, 2008
People on the Move, Sun Sentinel, Marc Shuster, January 09, 2009
Movers In South Florida, The Miami Herald, James Cunningham & Marc Shuster, January 13, 2009
Movers, The Miami Herald, James Cunningham & Marc Shuster, January 19, 2009
40 Forty: Proudly announcing the 2009 class of 40 under 408, South Florida Business Journal, Marc Shuster, May 15, 2009
Forty under Forty: Business journal's 40 under 40 winners exemplify achievements, South Florida Business Journal, Marc S. Shuster, June 12, 2009
Tenants bankruptcy critical provision in today's leases, Florida Real State Journal, Robert Barron, Michael Greene, Marc Shuster, August 01, 2009
Twenty-Four Attorneys Named Florida Super Lawyers By Publishers of Law & Politics Magazine, Daniel H. Aronson, Robert W. Barron, James L. Berger, Mitchell W. Berger, Howard Berlin, Anthony J. Carriuolo, John Eaton, Brian K. Gart, Jorid Guso, Melanie Ann Hines, Nick Jovanovich, Charles H. Lichtman, Sheldon S. Polish, Brian G. Rich, Leonard K. Sam, June 08, 2010
In the News Report, Week Ending 10.18.10, Alisa Paige Mason, Laurie Weinstein, Jordi Guso, James Berger, Mitchell Berger, Paul Steven Singerman, Marc Shuster, Michael Greene, Sheldon Polish, October 18, 2010
Berger Singerman Receives High Marks in the World-Famous Chambers USA 2011 Guide, Daniel Aronson, Douglas Bates, James Berger, Mitchell Berger, Howard Berlin, Leslie Cloyd, Brian Gart, James Gassenheimer, Jordi Guso, Brian Rich, Marc Shuster, Paul Steven Singerman, Arthur Spector, Daniel Thompson, June 10, 2011
In the News Report, Period Ending 1.01.12, Kris Aungst, Howard Berlin, Etan Mark, Kelly O'Keefe, Monica Rossbach, Marc Shuster, Dan Thompson, January 03, 2012
Publications
Analysis will determine limits of partial guaranties, Florida Real Estate Journal, 04/16/2009
Learning from Katrina and Rita, Smart Business Network, 11/30/2005