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CLIENT NEWS: Coral Rock scores $54M construction loan for Live Local Act project in Allapattah

December 30, 2025

Coral Rock Development Group scored a $54 million construction loan for a Live Local Act project in Miami’s Allapattah. Developers across South Florida have seized on the state workforce and affordable housing law by filing a flurry of proposals, but few have advanced their projects to the financing and construction stage. Coral Gables-based Coral Rock plans to start construction in the first quarter on the eight-story, 227-unit Dulce Vida apartment building on a 1.3-acre site at 1785 Northwest 35th Street,[...]

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CLIENT NEWS: 2Future’s QriarCity unveils a cutting-edge AI-driven Office transforming 1333 Dade in Miami Beach

December 9, 2025

The Miami real estate landscape is welcoming a powerful new force. 2Future, a visionary family office known for backing companies “crafting solutions to humanity’s biggest challenges,” has broken ground on its first major Miami Beach commercial project: the five-story 1333 Dade. Operating under its dedicated real estate platform, QriarCity, the firm is translating its forward-thinking ethos into the built world, promising an office building that defies convention. The start of construction on Dade Boulevard signals a commitment to a new[...]

CLIENT NEWS: Robert Rivani pays $23M for waterfront Palm Island mansion

December 1, 2025

Commercial real estate investor Robert Rivani paid $23 million for a waterfront Miami Beach mansion, The Real Deal has learned. Rivani, who leads his Miami-based firm Rivani, formerly called Black Lion, plans to spend millions of dollars to renovate the 9,200-square-foot mansion at 16 Palm Avenue, according to sources. Rivani lives in Miami’s Morningside and purchased the home as an investment. The seller is Tom Sullivan, the founder and CEO of Lawrenceburg, Tennessee-based Lumber Liquidators, records show. Sullivan inked the[...]

CLIENT NEWS: Comras buys Lincoln Road retail portfolio for $140M, plans redevelopment

November 20, 2025

Michael Comras is planning a major renovation of a Lincoln Road portfolio his namesake firm acquired for $140 million. Comras declined to confirm the purchase price, which was provided to The Real Deal by a source familiar with the transaction. Miami Beach-based Comras Company bought 11 storefronts at 600, 719–737, 741, 801–821 Lincoln Road and 723 North Lincoln Lane, a press release states. The firm financed the purchase with a $117 million loan from San Francisco-based Acore Capital. The seller,[...]

CLIENT NEWS: Butters seeks to build business park on 25-acre residential site

November 20, 2025

Butters Construction & Development has a Hialeah Gardens property that was platted for homes under contract, as it seeks approval for a business park. The City Council will consider the small-scale land use plan for the 24.88-acre property at the northeast corner of West Okeechobee Road and Northwest 92nd Avenue on the evening of Nov. 18. Coconut Creek-based Butters has the vacant land under contract from Hialeah-based F68 4 & F69 2 LLC, managed by Lowell S. Dunn II. The[...]

CLIENT NEWS: Lincoln Road landlords and brokers stage a comeback

November 18, 2025

Scott Sherman still remembers when landlords could get top dollar asking rents for retail and restaurant spaces on Lincoln Road, the outdoor pedestrian mall in Miami Beach. “Eight years ago, rents got ridiculous,” Sherman, who leads Miami-based Torose Equities, told The Real Deal. “They went from $150 to $300-plus a foot. Restaurants fled, national brands downsized and the street lost its energy.” Sherman, who was among the landlords steering the Lincoln Road Business Improvement District in the 2010s, returned to[...]