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CLIENT NEWS: Todd Glaser, Posners close on Sonny Kahn’s waterfront Miami Beach estate, plan spec mansion asking $300M

July 29, 2025

Todd Glaser and the Posner Group paid $105 million for a waterfront estate in Miami Beach that Glaser plans to knock down and replace with a spec mansion asking $300 million. Developer Sonny Kahn, a founding partner at Miami-based Crescent Heights, and his wife Suzanne sold the 2.3-acre estate at 5940 North Bay Road. The deal, in the works for about six months, closed on Monday, Glaser said. Glaser’s investor and partner, Jarrett and Sean Posner’s firm, financed the purchase.[...]

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CLIENT NEWS: Tech Entrepreneur Plans Elementary School Expansion in Miami Beach

February 27, 2023

A private elementary school in Miami Beach is looking to expand along Washington Ave. John D. Marshall, founder of the mobile security company AirWatch, is seeking approval to build a four-story building to house upper elementary and middle school grades of the Basecamp 305 school, according to filings made to the Miami Beach Historic Preservation Board. The investor, who sold AirWatch for $1.17 billion in 2014, founded the private institution so his children could go to school close to where[...]

CLIENT NEWS: Intervest Seeks to Convert Historic Miami Beach Rental into Hotel

February 27, 2023

An Oklahoma-based investor wants to convert a historic apartment building in Miami Beach into a boutique hotel, according to a filing with the city’s Historic Preservation Board. The Mediterranean Revival-style building, located a block south of the Bass Museum at 337 20th Street, was constructed in 1926 and today functions as a 56-unit rental property. Intervest Properties is seeking approvals to turn the 34,979-square-foot building into a 76-room hotel, eight years after paying $11.8 million for it. The proposed plans[...]

CLIENT NEWS: Tech entrepreneur proposes four-story private school in South Beach

February 27, 2023

A limited liability company headed by a tech entrepreneur aims to build a four-story private school in Miami Beach's South of Fifth neighborhood. The proposed plans for BaseCamp305, designed by Miami-based architecture for Arquitectonica, is scheduled to come before the Miami Beach Historic Preservation Board (HPB) on Mar. 14. If ultimately approved, it's slated to be built on a 13,000-square-foot parcel adjacent to the present BaseCamp305 school for pre-K through third grade students at 224 2nd St. The expanded school[...]

CLIENT NEWS: Clara Homes lands $26M construction loan for Bay Harbor Islands project

February 23, 2023

Clara Homes scored a $26 million construction loan for the first phase of a three-building luxury apartment development in Bay Harbor Islands. Records show Clara Homes secured the financing from Maxim Credit Group, an affiliate of New York-based Maxim Capital. Clara Bay Harbor will include three, six-story buildings with 150 apartments. It marks the developer’s first multifamily development in South Florida. Miami-based Clara Homes, led by founder and CEO James Curnin, paid a combined $32.2 million for the Bay Harbor Islands non-contiguous site[...]

CLIENT NEWS: Brightline Plans To Commence Orlando Operations In Q2

February 21, 2023

Brightline has just informed investors that it is close to beginning operating trains to Orlando. Commencement of operations to Orlando is now planned for the second quarter of 2023, the company told bondholders yesterday. The Orlando station is expected to be completed in March, with 100% system completion in Q2 2023, the company added. More than 90% of work on the Orlando extension is now complete, according to Brightline. Brightline now has all of the trainsets needed for Orlando service,[...]