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: Land of development opportunity: Builders bet on south Miami-Dade

May 10, 2022

Miami real estate development duo Jose Hevia and Stephen Blumenthal are not afraid of taking risks, let alone catching heat. While developers’ proposals often anger residents who are fearful of traffic congestion and the loss of green space, Hevia and Blumenthal’s plan is so controversial, it’s on a scale that Miami-Dade County has not seen for almost a decade. The partners envision an up to 9.2 million-square-foot industrial complex outside the Urban Development Boundary, an invisible line that restricts the[...]

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CLIENT NEWS: JV pays $100M for Southland Mall, eyes mixed-use redevelopment

May 4, 2022

A joint venture paid $100.3 million for a shopping mall in a Cutler Bay Opportunity Zone, with plans for a major renovation while adding a residential component. North Palm Beach-based Electra America and Miami-based BH Group teamed up to acquire the 808,776-square-foot indoor mall on a nearly 80-acre site at 20505 South Dixie Highway, according to a press release. Avison Young’s Michael T. Fay, John Crotty, David Duckworth and Brian de la Fé brokered the Southland Mall sale. The seller is Wells[...]

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CLIENT NEWS: Major Food Group to Unveil New Steakhouse, Dirty French, in the Heart of Miami’s Brickell Neighborhood

May 3, 2022

Major Food Group (MFG), the globally acclaimed hospitality brand that has taken Miami’s restaurant scene by storm, will soon unveil its first-ever project in Brickell, Dirty French Steakhouse, a glamorous, energetic, and extraordinary interpretation of the classic steakhouse. Located at 1200 Brickell Avenue, the restaurant welcomes guests beginning April 29th and is poised to become one of the most celebrated and sought-after steakhouses in America. This new steakhouse from MFG Co-Founders Jeff Zalaznick, Mario Carbone, and Rich Torrisi breathes new life into the storied genre while[...]

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CLIENT NEWS: Dezer sells North Miami Beach properties to Ari Pearl and partners for $31M

May 3, 2022

Dezer Development sold an assemblage in North Miami Beach for $31.1 million to a partnership led by Ari Pearl. Dezer sold properties anchored by Nova Southeastern University’s former North Miami Beach campus at 1750 Northeast 167th Street to Pearl, Matt Press of EquiShares and Isaac Khabie of ARK Ventures, according to sources. The buyers plan to build an apartment project on the 8.3-acre assemblage, as multifamily developers continue to bet on South Florida’s rising rents and demand for new apartments.[...]

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CLIENT NEWS: Moishe Mana spent $500 million on Miami’s Flagler Street. Can he make his vision reality?

April 25, 2022

On a warm weekday afternoon, billionaire immigrant entrepreneur Moishe Mana, who took control of much of downtown Miami’s tattered Flagler Street district in an eight-year $500 million buying spree, arrives to tour the first of his 70 properties to go into construction — the grandly named Nikola Tesla Innovation Hub — in soft Louis Vuitton loafers, no socks. Mana, who is meeting a reporter and photographer, comes trailing his in-house communications director, a public relations consultant and his own videographer[...]

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