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[...]

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CLIENT NEWS: Comras under contract for retail portfolio on Miami Beach’s Lincoln Road

October 29, 2025

Michael Comras’ company is under contract for a retail property portfolio on Miami Beach’s Lincoln Road. Miami Beach-based Comras Company is buying several properties from Morgan Stanley Real Estate Investing and Stephen Bittel’s Terranova, with the price pegged at about $140 million, Commercial Observer reported. The properties include 600, 719–737, 741, 801–821 Lincoln Road and 723 North Lincoln Lane. It’s unclear if Comras has an equity partner. New York-based Morgan Stanley has been trying to sell the buildings this year,[...]

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CLIENT NEWS: $175 million boost coming to resurgent Overtown, Miami’s original Black neighborhood

October 21, 2025

Just a few short years ago, the historic heart of Overtown, Miami’s original Black neighborhood, lay desolate and lifeless just steps from Biscayne Boulevard and downtown. There were few if any shops, few homes, not a single grocery store, but lots of vacant lots, the result of decades of demolition, disinvestment and abandonment. Today, the change along the six blocks of Northwest Second Avenue and its immediate vicinity is nothing short of dramatic. The streets are busy with pedestrians, thanks[...]

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CLIENT NEWS: 56-Story Overtown Tower Designed by Kobi Karp Set for Final Approval

October 21, 2025

The City of Miami’s Urban Development Review Board (URBD) has approved plans for the tallest building in the history of Overtown, Miami’s historically Black neighborhood. On October 15, the URBD gave the Miami Beach-based David Om, LLC, which is managed by Alan Omsky, the founder of the “Asian-inspired” Kyu (pronounced “cue”) restaurants, the green light to build a 56-story tower at the northwest corner of NW 2nd Avenue and NW 12th Street. The project — which would feature 498 residential[...]

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CLIENT NEWS: Developers plan Live Local Act towers in Wynwood Norte, Overtown with nearly 800 units total

October 21, 2025

A pair of developers propose two separate Live Local Act projects in Miami with 791 units combined, continuing the flurry of applications under the state’s workforce housing law. In the Wynwood Norte neighborhood, Alexis Bogomolni’s ABH Developer Group wants to build the 36-story, 293-unit Wyn Park at 3311 and 3327 Northwest Second Avenue, 169 Northwest 33rd Street and 182 Northwest 34th Street, according to the developer’s filings to the city. In Overtown, an entity tied to restaurateur Alan Omsky, co-founder[...]

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CLIENT NEWS: How Robert Rivani’s bold moves are shaking up Miami-Dade real estate

October 8, 2025

When real estate investment firm Rivani announced in August it would bring Playboy’s global corporate headquarters to Miami Beach, the team knew the news would make a splash. But no one was quite ready for how much attention it would bring. “[The reaction] was crazy. It was insane,” said Robert Rivani, the namesake founder and president of the company formerly known as Black Lion. The news that Playboy had signed a 10-year lease for 20,000 square feet of penthouse space[...]

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