Nothing makes us more excited that seeing the resurgence of investments and re-development back in our home town of Miami. Such is the case with the posh Gansevoort Miami Beach hotel which had gone into foreclosure two years ago and just recently sold to Starwood Capital Group. Your trusty engineers at m2e were hired to perform a Due Diligence Inspection for a potential buyer.
As a full service engineering company, mixed with the real estate developer’s logic and exposure, our decisions are anchored in good business sense and always offering optimal engineering solutions. We are typically hired by the entity either acquiring the Troubled Asset, or the party inheriting the asset due to financial hardship. We aid our client in helping them intelligently analyze whether the asset has potential liabilities and what it would take to make it a performing asset again.
Click here to read the full Miami Herald article on the sale of the Gansevoort.