CLIENT NEWS: Todd Glaser, Posners close on Sonny Kahn’s waterfront Miami Beach estate, plan spec mansion asking $300M

July 29, 2025

Todd Glaser and the Posner Group paid $105 million for a waterfront estate in Miami Beach that Glaser plans to knock down and replace with a spec mansion asking $300 million. Developer Sonny Kahn, a founding partner at Miami-based Crescent Heights, and his wife Suzanne sold the 2.3-acre estate at 5940 North Bay Road. The deal, in the works for about six months, closed on Monday, Glaser said. Glaser’s investor and partner, Jarrett and Sean Posner’s firm, financed the purchase.[...]

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CLIENT NEWS: Miami Beach to buy Altos Del Mar house after tossing out controversial zoning request

October 26, 2023

Miami Beach will buy a house in Altos Del Mar after tossing out a controversial requested zoning change. The current owners, Rudy and Betsy Pérez, who bought the house at 7605 Collins Avenue in 2001 for $510,000, had sought a zoning change for their nearly 0.2-acre property. The Collins Avenue house is surrounded on all sides by the oceanfront Altos Del Mar park, which includes a library, a large public parking lot and a playground. Amid heated opposition to the[...]

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CLIENT NEWS: CGI Merchant’s Coconut Grove Office Building Scored Four Tenants

October 25, 2023

CGI Merchant scored four office leases for nearly 13,000 square feet in Miami’s Coconut Grove neighborhood. Wrap Technologies, a global public safety tech and services firm based in Tempe, Arizona, took 4,500 square feet at 3480 Main Highway, according to a news release from the landlord’s broker. The other newly signed tenants were not disclosed and identified as two hedge funds and a private equity firm. Stephen Rutchik and Tyler de la Peña of Colliers represented CGI. Led by Raoul Thomas, CGI is[...]

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CLIENT NEWS: “It will be mayhem”: Miami board approves Brickell hotel despite concerns over parking, tiny dropoff area

October 25, 2023

A Miami board approved a 40-key boutique hotel project in Brickell, despite raising concerns over the dearth of on-site parking, as well as the tiny valet pickup and dropoff area. The Miami Planning, Zoning and Appeals Board signed off on a proposal by Habitus Capital to build an eight-story hotel on a 0.1-acre site at 1511 Southwest Second Avenue. The board unanimously approved the project last Wednesday. A Miami board approved a 40-key boutique hotel project in Brickell, despite raising[...]

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CLIENT NEWS: Clara plans 152-unit apartment project on Austin Burke store site in Wynwood

October 23, 2023

Clara Homes wants to develop a 152-unit apartment building on the site of the Austin Burke menswear store in Wynwood. The Miami-based firm is under contract to purchase the 0.4-acre property at 2601 Northwest Sixth Avenue in Miami for $7.7 million, according to a Clara news release. In the sale-leaseback deal, the Austin Burke store could stay open for a year and a half after the deal closes. Records show the Austin Burke store’s owners, including Kenneth Sager, Barry Burke,[...]

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CLIENT NEWS: Miami Beach board approves condo building at Sagamore, Ritz-Carlton

October 12, 2023

A proposal to develop a luxury condo building at the Sagamore and Ritz-Carlton in South Beach is moving forward. The Lowensteins’ Lionstone Development, the Kanavos family’s Flag Luxury Group and the Ben-Josefs’ Ben-Josef Group plan the 30-unit, 15-story building behind the existing Sagamore Hotel South Beach and cantilevered over the existing Ritz-Carlton, South Beach cabana building, at 1617 Collins Avenue and 1 Lincoln Road, respectively. The Miami Beach Historic Preservation Board’s vote for a certificate of appropriateness on Tuesday, a continuation from a[...]

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