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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: 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[...]

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[...]

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[...]

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[...]

CLIENT NEWS: MSC Group has announced its new home in Downtown Miami

January 19, 2024

MSC Group has announced its new home in Downtown Miami. According to a statement, the MSC Group’s $100 million investment in Miami-Dade will bring approximately 250 South Florida-based team members from MSC Cargo, MSC Cruises and Explora Journeys under one roof in a new state-of-the-art facility within Block 55 at Sawyer’s Walk. MSC Cargo has had a presence Miami-Dade for more than 25 years and now MSC Cruises is moving to establish the Cruise Division’s North American headquarters as part[...]