CLIENT NEWS: Robert Rivani doubles down on Lincoln Road with $37M retail purchase

August 29, 2025

Robert Rivani is doubling down on Miami Beach’s Lincoln Road, acquiring a former theater now anchored by fashion retailer H&M for $37 million. An affiliate of Miami-based Rivani, formerly called Black Lion, bought Lincoln Theatre, a historic Art Deco building at 551 Lincoln Road, a press release states. JLL’s Danny Finkle and Evan Lahr brokered the deal. The seller, an affiliate of Miami Beach-based Savitar Realty Advisors, led by Clifford Stein, paid $21.5 million for the building in 2010, records[...]

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CLIENT NEWS: BH Group, Kolter could replace Miami Beach hotels with luxury condo

August 27, 2025

BH Group and Kolter Group filed plans to demolish two oceanfront hotels in the North Beach neighborhood of Miami Beach in order to build a luxury condo. The city’s Historic Preservation Board will consider plans for the 1.08-acre site at 6985 and 6979 Collins Ave. on Sept. 16. BHK Crystal Beach LLC, a partnership between Aventura-based BH Group and Delray Beach-based Kolter Group, acquired the 84-room Crystal Beach Suites at the former address for $24 million in 2023. It was[...]

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CLIENT NEWS: Continuum secures construction loan for second phase of Bay Harbor Islands condo project

August 27, 2025

The Eichner family’s Continuum Company secured a $67 million construction loan for the second phase of its Bay Harbor Islands condo project. New York and Miami-based Continuum received the financing for La Baia North from S3 Capital Partners, a New York-based alternative lender that provides middle-market construction and bridge loans. The eight-story, 57-unit luxury condominium building at 9481 East Bay Harbor Drive is 75 percent presold and is under construction, according to a release. The building is expected to be[...]

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CLIENT NEWS: Hamilton plans 114K sf of warehouses on Baptist Health site in Country Walk

August 26, 2025

Hamilton Development plans to replace a Baptist Health South Florida office building with a 113,900-square-foot warehouse complex. The Nashville-based firm bought the property at 14100 Southwest 136th Street in unincorporated Miami-Dade County from Baptist Health for $12.3 million, according to records and real estate database Vizzda. The site is in the Country Walk neighborhood, south of Miami Executive Airport. Development of the project, called Tamiami Logistics Center, has started, Whitfield Hamilton, the firm’s CEO, said in a news release. Construction[...]

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CLIENT NEWS: Crescent Heights co-founder sells Miami Beach mansion for $105M

August 25, 2025

Sonny Kahn, the co-founder and partner of development firm Crescent Heights, and wife Suzanna Passi Kahn sold their waterfront mansion in Miami Beach for $105 million. The 16,910-square-foot home at 5940 North Bay Road was purchased by 5940 NBR Owner LLC, managed by local spec home developer Todd M. Glaser. Nelson Gonzalez of Berkshire Hathaway Homeservices brokered the deal. MIDFL CS R250330 LLC, managed by Samuel Halpern, provided a $85 million mortgage to the buyer. Brett Holland of Holland &[...]

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CLIENT NEWS: Ritz-Carlton developers moving forward with Lincoln Road streetscape plan

August 21, 2025

The developers of Ritz-Carlton Residences, South Beach are moving forward with plans to revamp a portion of Lincoln Road. Miami Beach commissioners approved a resolution last month for the streetscape improvement agreement covering the 100-300 blocks of Lincoln Road. A partnership between Lionstone Development, the Ben-Josef Group and Flag Luxury Group are kicking in $4 million for the $12 million first phase, which includes the beach entrance and the 100 block. Flag Luxury, Lionstone and Ben-Josef, owners of the existing[...]

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