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CLIENT NEWS: RCLCO takes big hit offloading Miami Design District buildings

May 16, 2024

In a perplexing move, RCLCO Fund Advisors offloaded two retail buildings in Miami’s Design District, one of the nation’s top retail real estate submarkets, at a steep $17.9 million discount. In one deal, Bethesda, Maryland-based RCLCO sold a two-story, 23,645-square-foot building at 3800 Northeast Miami Court to an affiliate of Miami Beach-based Comras Company, records show. Comras is led by CEO Michael Comras. In the other deal, RCLCO sold a single-story, 9,906-square-foot building at 3946 North Miami Avenue to Kohler[...]

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CLIENT NEWS: New twist on preservation: Creativity saves 1936 apartments from floods in Miami Beach

June 12, 2023

Several years ago, Jason Halpern, a New York developer with an affinity for historic buildings and neighborhoods, bought a mid-Miami Beach lot with a dilemma. It came in the shape of two old, architecturally mismatched apartment houses — one from the 1930s and the second from the early 1960s. From the start, Halpern and his JMH Development, which has won awards for preserving and adapting historic buildings for contemporary use in Brooklyn and Miami Beach, planned a luxury low-rise condominium[...]

CLIENT NEWS: Aldi to open its first Miami grocery in June

June 6, 2023

Aldi, a German-based discount grocer, has six Miami-Dade locations so it may surprise its fans to know that until shortly the chain has yet to open a location in Miami proper. That changes Thursday, June 15, when Aldi hopes for a lucky seven when it opens its newest store at 3750 S. Dixie Hwy. in Miami, near Coconut Grove’s Day Avenue and Higgs Street. The move comes amid Aldi’s plans to open 120 new stores in 2023, Grocer Dive reported[...]

Chambers USA Awards Firm Top Ranking in Zoning/Land Use Law in South Florida

June 2, 2023

For the third year in a row, Chambers USA, one of the oldest and most prestigious legal guides in the world, has ranked Bercow Radell Fernandez Larkin & Tapanes in Band 1 in the area of Real Estate: Zoning/Land Use Law – South Florida, the highest recognition given by Chambers. Jeffrey Bercow, co-founder and managing partner of the firm, and shareholders, Michael Larkin and Melissa Tapanes Llahues, were also recognized in the highest categories for lawyers in zoning and land[...]

CLIENT NEWS: A Neighborhood Springs to Life Around the Douglas Road Metrorail Station in Coral Gables

May 22, 2023

It’s 5 p.m. on a recent weekday at the Douglas Road Metrorail Station, the unlikely hub of a buzzy, dense new urban neighborhood suddenly coming to life in the concrete shadow of the Miami-Dade County transit line’s elevated tracks. Just minutes apart, trains and Metrobuses disgorge working commuters and University of Miami students at the station, which is undergoing a multimillion-dollar overhaul. Free Coral Gables bus trolleys come and go, connecting passengers to the suburban city’s bustling downtown or to[...]

CLIENT NEWS: Utilities Deal Signed For 2,360 Residential Units At Former Miami Arena Site

May 18, 2023

The owner of the former Miami Arena site has signed an agreement with the county to supply utilities for a massive new project. According to the agreement, the project will include: 2,360 residential units 28,000 square feet of full service restaurant 12,500 square feet of retail The developers will receive a credit for a 16,500-seat sporting facility previously connected to the utilities system to reduce the new connection charge. The connection charge is estimated at $2,085,466.50. There’s an additional Biscayne[...]