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: Terranova sells longtime Miami Beach HQ for $22M

December 13, 2021

Terranova Corporation sold its longtime headquarters in Miami Beach for $22 million, marking one of the largest investment sales on 41st Street. Terranova sold the nearly 52,000-square-foot building at 801 Arthur Godfrey Road to Fifteen Group in an off-market deal, Terranova Chairman Stephen Bittel told The Real Deal. Miami-based Fifteen Group, led by Mark and Ian Sanders, plans to renovate the building and lease it to family offices, wealth management and financial firms, according to a release. Terranova paid $4.3[...]

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CLIENT NEWS: Miami Getting Yet Another Supertall Tower: MAJOR., On Brickell Avenue

December 8, 2021

Another supertall tower has just been announced in Miami. The new supertall will be called MAJOR. and will be built at 888 Brickell Avenue. The goal is to build “the most luxurious residential tower in the world,” the developers said in a press release. MAJOR. will rise 1,049 feet – the maximum permitted in Miami by the Federal Aviation Administration. According to the press release, MAJOR. will include: 259 residential condos Hospitality use Multiple restaurants and nightclubs In the release,[...]

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CLIENT NEWS: Demolition Underway At Site Where Miami’s Westernmost Skyscraper Is Being Built

December 3, 2021

Demolition is well underway at the site where Miami’s westernmost skyscraper is being built. Photos show that landscape architect Raymond Jungle’s former offices are now being demolished in Brickell on the Miami River. A former location of Finnegan’s on the River is also now nearly completely demolished. The Miami River tower will rise 640 feet above ground, or 645 feet above sea level, making it the only building so far inland in Miami to reach the 600+ foot height. Developer[...]

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CLIENT NEWS: 64-Story One Southside Park Moving to Next Phase Of Foundation Work

December 2, 2021

Brickell’s giant One Southside Park is moving to the next phase of site work. Developer JDS has now essentially completed the first phase of soil mixing at the site, where construction began in Spring of this year. The tower will rise 64 stories, or 773 feet. The developer is now moving on to soil mixing at what was once a parking lot for the adjacent Fire Station. A temporary parking lot has been completed. One Southside Park is also now[...]

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CLIENT NEWS: Major Food Group partners with Michael Stern on its First Branded Condo Tower in Miami

December 2, 2021

Developer Michael Stern is partnering with Major Food Group to build a branded luxury condo tower in Miami’s Brickell neighborhood, The Real Deal has learned. Stern’s JDS Development Group and the New York-based restaurant and hospitality group plan to build Major, a 259-unit tower at 888 Brickell Avenue, Major Food Group partner Jeff Zalaznick confirmed. The 1 million-square-foot project will mark the first time Major Food Group expands into residential real estate. The company, led by founders Mario Carbone, Rich[...]

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