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: Hospitality mogul David Grutman wins approval for waterfront mansion

January 7, 2021

Nightlife entrepreneur David Grutman obtained permission to replace a 1933-era waterfront home on one of the most expensive streets in Miami Beach with a new two-story mansion. Grutman’s plans were approved by the Miami Beach Design Review Board Tuesday morning by a vote of 4 to 2. The Groot Hospitality founder won’t necessarily demolish the 87-year-old mansion at 2050 North Bay Road. He’s offered to donate the architecturally significant building, designed by architect Carlos Schoeppl, to anyone willing to cart it away[...]

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CLIENT NEWS: JDS Development assembles land for Brickell project with $23M in deals

December 17, 2020

JDS Development Group moved a step closer to building a 2.48 million-square-foot project in Miami’s Brickell after purchasing properties for $23 million. Led by Michael Stern, New York-based JDS Development Group executed two transactions through affiliate 191 SW 12 Owner LLC. They cover part of the land needed for its 1 Southside Park project. In the bigger deal, CS Brickell LLC, an affiliate of Choice Hotels, sold the 22,500-square-foot property at 145, 155 and 165 S.W. 12th St. for $14 million. The[...]

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Associate Emily Balter Recognized by Cuban American Bar Association

December 14, 2020

We are immensely proud of Associate Attorney, Emily Balter, who was recently recognized as the Cuban American Bar Association’s Young Lawyer Member of the Year.  Emily applied her time and resources this year to further the organization’s mission and goals on the CLE Committee and AIT: Uncorked Event Planning Committee. Congratulations, Emily and the 2020 Honorees!

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CLIENT NEWS: Alta Developers begins closings at Quadro at Design District

December 7, 2020

A year after completing a residential project near the Miami Design District, Alta Developers started recording closings at Quadro. The firm, led by principal and CEO Raimundo Onetto, originally planned the 198-unit, 12-story development as a rental tower, then changed course and launched sales earlier this year as a condo project offering long-term and short-term leases. Plans for the building at 3900 Biscayne Boulevard were first announced in 2016. Onetto said in a press release that the move-in ready units are “incredibly desirable” and[...]

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CLIENT NEWS: Miami Beach condo project moves forward after developer cuts height by one-third

November 30, 2020

Miami Beach has approved plans for a luxury condo just east of 41st Street after the developer reduced the height by more than a third. The Miami Beach City Commission has approved Mast Capital’s plan to develop the 2.3-acre site at 4000 Alton Road into a luxury condo with maximum height of 85 feet and 175 units. The city’s planning board last summer rejected plans for at 140-foot tower at the site because of its proximity to a single-family neighborhood. The site[...]

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