CLIENT NEWS: Miami Beach site sells for $20M, 7-story hotel planned (Photos)

June 14, 2024

A developer purchased a mixed-use building in Miami Beach for $20 million, with plans to replace it with a hotel. Washington Gardens Inc. and Washington Gardens MB LLC, both managed by James Resnick in Miami Beach, sold 1509 and 1515 Washington Ave. with a 11,458-square-foot retail building and a 13-unit apartment building to 1515 Washington Acquisition LLC, co-owned by Xaver Kriechbaum and Gavin Crescenzo of Aventura-based Keyah Real Estate Group. The deal included $15 million in seller financing. The land[...]

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CLIENT NEWS: Robert Rivani’s Black Lion pays $63M for Miami Beach mixed-use building

April 23, 2024

Robert Rivani’s Black Lion hunted down its biggest purchase in South Florida to date, but will have to compete with other heavy hitter developers in Miami Beach’s office market. The Miami-based commercial real estate investment firm paid $62.5 million for a Miami Beach mixed-use building, The Real Deal has learned. Black Lion is paying at a 42 percent discount off the previous sale price seven years ago. Black Lion acquired the ground lease for The Lincoln, a six-story building with[...]

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CLIENT NEWS: Terra’s David Martin buys stake in Deauville Miami Beach site, plans reconstruction

April 23, 2024

Developer David Martin acquired a minority stake in the site of the former Deauville Beach Resort, a property that billionaire developer Stephen Ross had under contract two years ago. Deauville Associates, led by the Meruelo family, sold a 25 percent interest in the 3.8-acre oceanfront property at 6701 Collins Avenue in Miami Beach for $12.5 million. TMG 67 Communities LLC, a company tied to Martin’s Coconut Grove-based Terra, purchased the stake, records show. A spokesperson for Terra said the firm[...]

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CLIENT NEWS: 7-story hotel proposed in Miami Beach

April 23, 2024

A retail strip and some apartments in Miami Beach could be replaced with a seven-story hotel. The city’s Planning Board will consider the application for the 0.63-acre site at 1509 and 1515 Washington Ave. on April 25. It currently has an 11,458-square-foot retail building that was constructed in 1959, plus a 13-unit apartment complex that was built in 1948. Recent tenants include Playa Café, Charlotte Bakery, Cheese Burger Baby, and 123 Liquor. Current property owner Washington Gardens MB LLC, co-owned[...]

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CLIENT NEWS: Office Tower Inspired By The World’s Top Luxury Hotels Launching In Miami

April 23, 2024

Aman, Rosewood, Oetker and Four Seasons Hotels & Resorts, as many luxury travelers know, are regarded as the top ultra-luxury hotel brands in the world with exquisite rooms, unbending service and amenities that get more over-the-top by the day. Now, a developer in Miami, Robert Rivani, the founder and CEO of the commercial investment firm Black Lion, has plans to recreate that premier experience but- get this- for the workplace. “While luxury hospitality buildings push the boundaries of service and[...]

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FIRM NEWS: Bercow Radell Fernandez Larkin and Tapanes Welcomes Two Associates to the Firm

April 23, 2024

Bercow Radell Fernandez Larkin & Tapanes is proud to share that Michael Yanopoulos and Peter D. Shoemaker have joined the firm as Associates. Michael Yanopoulos specializes in real estate development, with expertise in due diligence, design, and entitlements. With a Juris Doctor from St. Thomas University School of Law and an LL.M in Real Property Development from the University of Miami, Michael's background in law and business administration enriches his practice. He actively contributes to the industry as an active[...]

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