CLIENT NEWS: Billionaire Braman’s auto group plans Miami high-rise towers, dealership expansion (Photos)

April 16, 2025

Braman Motors, led by billionaire Norman Braman, has filed plans for its property in Miami to facilitate both expansion of the dealership and potential residential development. The city’s Urban Development Review Board will consider the special area plan (SAP) from Braman Motors for its property at 2060 Biscayne Blvd., 1930 N.E. 2nd Ave.; 160 N.E. 20th St.; 64, 106, 120, and 146 N.E. 20th St.; and 135 N.E. 19th Terrace on April 16. The SAP would need approval from the[...]

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CLIENT NEWS: Jackie Soffer’s Turnberry, Belmont plan Aventura apartments for seniors

January 30, 2024

Turnberry and Belmont Village Senior Living are planning an 11-story senior living project with 153 apartments in Aventura. Belmont Village Aventura at 3510 Yacht Club Way will mark the third project in South Florida and the first partnership with Turnberry for the Houston-based senior living developer, a press release states. Last month, A Belmont Village affiliate paid $8 million for the 1.4-acre vacant site from a trust linked to Turnberry, the Aventura-based development firm led by CEO Jackie Soffer, records show.[...]

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CLIENT NEWS: MG Developer completes assemblage for Metro Parc South

January 30, 2024

MG Developer completed the assemblage for its planned Metro Parc South multifamily project in Hialeah. The firm paid $16.3 million in three deals for 1.8 acres along East 24th and 25th streets, near Ninth Avenue. In the biggest purchase, MG paid $10.5 million for the sites at 975 East 24th Street, as well as at 934 and 954 East 25th Street, according to records. An entity led by Michael Klinger, of real estate firm Saber Fund, sold the properties that[...]

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CLIENT NEWS: Uncut gem: Avi Dishi, Elysee and Pan Am buy Yair Levy’s downtown Miami building

January 30, 2024

Yair Levy’s involvement in an attempted takeover of downtown Miami’s jewelry district is kaput. Now, Avi Dishi, Elysee Investments and Pan Am Equities are betting that Levy’s gamble of converting a 1920s, nine-story building into a bedazzling crown will pay off. An affiliate of Levy’s New York-based Time Century Holdings sold the mixed-use property at 1 Northeast 1st Street for $27.5 million to Dishi, a New York-based real estate investor, as well as affiliates of New York-based Pan Am and[...]

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CLIENT NEWS: 1.5M Square Foot Sawyer’s Walk Now 100% Leased, Completion In Summer

January 30, 2024

The retail and office space at Sawyer’s Walk is now 100% leased, with completion expected this summer. It is the largest mixed-use project in Overtown in decades, with 1.5 million square feet. The development will include 175,000 square feet of retail, including a 50,000-square-foot Target store, a 25,000-square-foot Aldi supermarket, and new locations for Ross Dress for Less, Five Below, Burlington and Tropical Smoothie Cafe. There will also be 130,000 square feet of office space. MSC Group has taken all[...]

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CLIENT NEWS: 154-Unit Luxury Rental Building Planned In Wynwood Under Live Local Act

January 24, 2024

Real estate firm Clara Homes has closed on the purchase of a Wynwood property where it plans a luxury apartment building under Florida’s Live Local Act. Clara paid $7.7 million for a 17,000-square-foot site at 2601 NW 6th Avenue, or $450 per square foot. Seller financing was provided at 5%, and a sale leaseback for at least a year to a year and a half was also part of the deal. Jordan Karp represented the buyer. Austin Burke was the[...]

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