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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,[...]

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CLIENT NEWS: Related’s Steve Patterson buys waterfront Miami Beach teardown

February 27, 2024

Steve Patterson, president and CEO of a Related Group division, bought a waterfront Miami Beach teardown for $9.4 million. Records show Patterson bought the property at 5141 Pine Tree Drive from Christian Egidio Lamont. Darin Tansey and Lynna Weil of Douglas Elliman had the listing. Jeri Jenkins and Brian Suarez of Coldwell Banker Realty brought the buyer. Patterson is Miami-based Related Group’s president and CEO of Related Development, the firm’s multifamily and mixed-use division, according to its website. In 2021,[...]

CLIENT NEWS: Miami Beach goes shopping for $6.5 million oceanfront house

February 23, 2024

Miami Beach is to buy a single-family home for $6.5 million. The site at 7605 Collins Ave. is surrounded by city-owned land on three sides and is the missing piece needed to complete a city-owned oceanfront block with no use yet decided. The city commission discussed its decision to buy the property this month and is act again to finalize the buy. “We’ll direct the administration to work on the purchase of the property and send the contract and the[...]

CLIENT NEWS: Developers Propose Miami-Dade Mixed-Use Project with 5,000 Apartments

February 13, 2024

Plans for one of Miami’s largest ever developments have been revealed as part of a bid for county property in the Little River and Little Haiti area, according to the Herald. Swerdlow Group is partnering on the bid with AJ Capital Partners, which controls 27 acres in the area. Four Miami-Dade public housing projects, including Victory Homes and New Haven Gardens, would be redeveloped along with the private property (the proposal is in response to a county RFP for the[...]

CLIENT NEWS: Swerdlow proposes $3B project with 5k affordable apartments in Miami

February 13, 2024

Swerdlow Group is proposing a massive, mixed-use public housing project spanning 65 acres along Miami’s Little River and Little Haiti neighborhoods. The development could cost $2.6 billion and create nearly 5,000 workforce and affordable housing units. Coconut Grove-based Swerdlow Group responded to Miami-Dade County’s request for proposals to redevelop and expand four public housing projects, according to the Miami Herald. The entire project would include private land and would be mostly privately financed. It could take nearly a decade to[...]

CLIENT NEWS: Massive Miami makeover? 5,000 affordable apartments proposed for aging industrial area

February 13, 2024

A gargantuan redevelopment proposal by a prominent Miami developer would dramatically reshape a nearly mile-long stretch of the city’s Little River and Little Haiti neighborhoods, bringing big-box stores, a new Tri-Rail station and nearly 5,000 affordable and workforce apartments to a hardscrabble area in dire need of new housing and jobs but leery of gentrification. Unlike much of the redevelopment now enveloping Miami, which is focused on high-income people and luxury apartments, the plan spearheaded by Coconut Grove-based developer Swerdlow[...]