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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: Developer proposes assisted living facility near Pinecrest

January 21, 2022

A developer is seeking to change the land use of a property near Pinecrest, where it wants to build an assisted living facility. South Dixie and 112 LLC filed a comprehensive land-use amendment with Miami-Dade County for the 1.72-acre site at 8315 S.W. 122nd St., on the west side of Dixie Highway. The vacant property was approved in 2015 for 12 residential units in six buildings. The developer wants to change the land use to “mixed-use corridor” so it can[...]

CLIENT NEWS: Witkoff Planning Downtown Miami’s Biggest Residential Project Ever

January 18, 2022

Developer Witkoff Group is planning downtown Miami’s biggest ever residential project by unit count, according to documents filed with planners yesterday. The project will also include a very large office component, along with retail space. It will be built on the former Miami Arena site at Miami Worldcenter. Witkoff Group and Monroe Capital acquired the 4.7-acre property for $94 million in July 2021. The project is proposed to include: 2,195 high-rise residential units 49,999 square feet of retail space 540,000[...]

CLIENT NEWS: Terra nabs $141M construction loan for Bay Harbor Islands mixed-use project

January 11, 2022

Terra is making headway on its Bay Harbor Islands mixed-use project with a $141 million construction loan. The Coconut Grove-based firm scored the financing for its development at 1177 Kane Concourse, according to a statement from the Terra affiliate that owns the site. Mack Real Estate Credit Strategies is the lender. The project will consist of residential units, as well as Class A offices and retail, according to the statement. There will be a street-level “signature food and beverage” concept.[...]

CLIENT NEWS: Renderings Show Planned Renovation At One Broadway

January 10, 2022

An architect has uploaded renderings of a renovation planned at the 36-story One Broadway building. Architect Form Group wrote that the building would be converted into a “world class destination property.” A new 500-person convention space is planned, the website said. Also planned: aesthetic and pedestrian improvements, relocation of a pool to the rooftop, new restaurants, and a new spa. Barcelo Balanzo Arquitectes of Madrid is overseeing design, with Form Group the architect of record, according to the website. A Notice of[...]

CLIENT NEWS: Moishe Mana Buys Another $60M Worth Of Properties In Downtown Miami

January 7, 2022

Multiple properties in downtown Miami have been sold to Moishe Mana in the past few weeks, according to a press release and other reports. The following properties were sold to Mana during December: 100 N Miami Avenue 173 NE 1st Street 124 NE 2nd Avenue Those properties were purchased by Mana for a combined $25,375,000. They include a combined 50,197 square feet of building space, and 28,750 square feet of land. Colliers Urban Core Division Executive Managing Director Mika Mattingly[...]