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CLIENT NEWS: Robert Rivani pays $23M for waterfront Palm Island mansion

December 1, 2025

Commercial real estate investor Robert Rivani paid $23 million for a waterfront Miami Beach mansion, The Real Deal has learned. Rivani, who leads his Miami-based firm Rivani, formerly called Black Lion, plans to spend millions of dollars to renovate the 9,200-square-foot mansion at 16 Palm Avenue, according to sources. Rivani lives in Miami’s Morningside and purchased the home as an investment. The seller is Tom Sullivan, the founder and CEO of Lawrenceburg, Tennessee-based Lumber Liquidators, records show. Sullivan inked the[...]

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CLIENT NEWS: Cornerstone affiliate buys Little Havana dev site for $15M

July 6, 2023

Brookstone Partners, an affiliate of The Cornerstone Group, paid $15 million for a Little Havana development site approved for a mixed-use project. Brookstone, led by Cornerstone principals Leon Wolfe and Jorge Lopez, acquired the 2.4-acre assemblage at 805 to 861 West Flagler Street and 826 to 860 Northwest First Street, according to records and Vizzda. The deal includes two signed leases with Aldi and Ross Dress For Less to anchor the retail component of the proposed development, which was previously[...]

CLIENT NEWS: ‘Dream’ New Section Of Baywalk Opens in Brickell

July 6, 2023

A small new section of Baywalk has just opened in Brickell. Politicians celebrated completion of the new stretch in a ceremony yesterday. The new stretch of Baywalk is behind the First Presbyterian Church property, where an “iconic” 80-story tower is in planning. The project includes 250 feet of new seawall. The seawall has been raised to a height of six feet, which is the new standard of the Miami 21 zoning code, according to commissioner Manolo Reyes. Eventually, the new section[...]

CLIENT NEWS: MG, Baron plan $600M, three-building rental project in Hialeah

July 6, 2023

MG Developer and Baron Property Group are ramping up work on their $600 million Metro Center project in Hialeah, with plans to start construction on a pair of rental buildings next year. Coral Gables-based MG and New York-based Baron are developing Metro Center on nearly 9 acres between East 26th and East 25th streets, and between East Ninth and 10th avenues, as well as several surrounding lots, according to an MG news release and property records. The 2.3 million-square-foot project[...]

CLIENT NEWS: Gritty Overtown Getting Big Lift with $350 Million Housing, Retail, Office Project

June 29, 2023

Construction has reached the top floor on a $350 million high-rise residential, retail and office complex in Overtown that will bring 578 much-needed apartments for senior citizens and 1,100 jobs. Block 55 at Sawyer’s Walk, which is being developed by Swerdlow Group and built by Coastal Construction Group, is situated near a major public transit hub and Interstate 95. The transit access is crucial for the development intended for seniors with lower incomes seeking affordable housing . The 18-story building will feature a variety[...]

CLIENT NEWS: Witkoff, Swire, Related, Eden, Dermot and Jenny Bernell gain project approvals

June 27, 2023

Several big name developers scored design approvals for major projects in Brickell, Overtown and Wynwood. On Wednesday, the Miami Urban Design Review Board handed out unanimous yes votes to a proposed office tower at Brickell City Centre by Swire Properties and New York-based The Related Companies; a three-building apartment complex planned by New York-based Witkoff and Chicago-based Monroe Capital; and a St. Regis-branded condominium by Related Group and Integra Investments, both based in Miami. The board also approved designs for two Wynwood[...]