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CLIENT NEWS: Comras buys Lincoln Road retail portfolio for $140M, plans redevelopment

November 20, 2025

Michael Comras is planning a major renovation of a Lincoln Road portfolio his namesake firm acquired for $140 million. Comras declined to confirm the purchase price, which was provided to The Real Deal by a source familiar with the transaction. Miami Beach-based Comras Company bought 11 storefronts at 600, 719–737, 741, 801–821 Lincoln Road and 723 North Lincoln Lane, a press release states. The firm financed the purchase with a $117 million loan from San Francisco-based Acore Capital. The seller,[...]

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CLIENT NEWS: Vertical Construction Underway At Miami Beach’s Tallest Tower Ever

May 10, 2022

At the entrance to South Beach, vertical construction now appears to be underway at the Five Park tower, which is set to become the tallest ever in Miami Beach. A tower crane was installed in recent months for the 44-story tower, which will rise 546 feet. Five Park will become an “iconic landmark,” developers have said. It will have 280 residential units. According to Mayor Dan Gelber, the adjacent 3-acre public park that was built by developers as part of[...]

CLIENT NEWS: Developers Unveil Plans For The Gardens at Lincoln Lane

May 10, 2022

Miami Beach commissioners voted last week to move forward with several mixed-use developments to replace surface parking lots serving Lincoln Road in South Beach. One of the development teams also revealed more details of the project they plan to build, to be called The Gardens at Lincoln Lane. The Gardens at Lincoln Lane will be developed by a joint venture between Starwood Capital Group, Integra Investments and The Comras Company, under an entity called Lincoln Road Property Owner L.P. The[...]

CLIENT NEWS: Jon & Vinny’s, milk + honey & more at The Goodtime Hotel

May 10, 2022

The Goodtime Hotel in South Beach, backed by rapper Pharrell Williams and hospitality tycoon David Grutman, scored eight new tenants. They are: Jon & Vinny’s, a Los Angeles restaurant offering Italian food; milk + honey spa; juice and smoothie brand Pure Green; designer vintage eyewear store Vintage Frames Company; gym franchise F45; alternative medicine provider Binske, which offers legal cannabis products; the luxury watch and jewelry store VAULT; and swimwear company Vilebrequin, according to a news release from hotel developers Michael[...]

CLIENT NEWS: Land of development opportunity: Builders bet on south Miami-Dade

May 10, 2022

Miami real estate development duo Jose Hevia and Stephen Blumenthal are not afraid of taking risks, let alone catching heat. While developers’ proposals often anger residents who are fearful of traffic congestion and the loss of green space, Hevia and Blumenthal’s plan is so controversial, it’s on a scale that Miami-Dade County has not seen for almost a decade. The partners envision an up to 9.2 million-square-foot industrial complex outside the Urban Development Boundary, an invisible line that restricts the[...]

CLIENT NEWS: JV pays $100M for Southland Mall, eyes mixed-use redevelopment

May 4, 2022

A joint venture paid $100.3 million for a shopping mall in a Cutler Bay Opportunity Zone, with plans for a major renovation while adding a residential component. North Palm Beach-based Electra America and Miami-based BH Group teamed up to acquire the 808,776-square-foot indoor mall on a nearly 80-acre site at 20505 South Dixie Highway, according to a press release. Avison Young’s Michael T. Fay, John Crotty, David Duckworth and Brian de la Fé brokered the Southland Mall sale. The seller is Wells[...]