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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: Aimco teams up with Brooklyn firm to develop mixed-use project in Miami’s Edgewater

March 17, 2022

A Brooklyn real estate firm is partnering with apartment real estate investment trust Aimco to develop a mixed-use project in Miami’s Edgewater. The development site is on the same block where Aimco has been assembling land and gut-renovating the Hamilton on the Bay apartment tower. Beitel Group paid $45 million for the 2.8-acre property at 3333 Biscayne Boulevard, two months after Denver-based Aimco’s $1.7 million purchase of 440 Northeast 34th Street, according to Marcus & Millichap, which represented the seller.[...]

CLIENT NEWS: Developer Files Plans To Build Major Supertall Tower In Brickell

March 10, 2022

Plans for a new Brickell Supertall tower called Major have been formally filed with Miami-Dade County Planners. Major is proposed to rise 1,049 feet above sea level, or 82 stories, according to the newly filed plans. The 1,049-foot height is the maximum that the Federal Aviation Administration has approved for Miami thus far. Major is proposed to include: 259 residential units 50,490 square feet of commercial / food and beverage spaces Approximately 250 parking spaces (stacked spots accessible by car[...]

CLIENT NEWS: South Dade boom: D.R. Horton wants to build townhouses in Homestead, another developer proposes apartments in Naranja

March 10, 2022

Two developers are proposing new housing projects in south Miami-Dade County, showing the area has caught the eye of builders amid high demand linked to population growth. Major homebuilder D.R. Horton, based in Arlington, Texas, wants to build a 67-townhouse complex in Homestead, and D.E.V. & Associates proposes a 202-unit multifamily building in the Naranja neighborhood in unincorporated south Miami-Dade, according to preliminary applications submitted to the county. D.R. Horton, whose chairman is Donald Horton and president and CEO is[...]

CLIENT NEWS: Commissioners To Vote On Utilities Deal For Seaplane Base

March 3, 2022

Miami commissioners are scheduled to vote on a utilities deal that would allow a seaplane base to be built in the waters off downtown Miami. Nautilus Enterprises is developing the new terminal, which will be operated by Chalk’s Airline Inc. Most of the space in the new project will be devoted to restaurant use, despite it being an air terminal. According to agenda item scheduled for Miami’s commission next week, the seaplane terminal will have: 30,483 square feet of full[...]

CLIENT NEWS: Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall

March 3, 2022

Jackie Soffer’s Turnberry Associates wants to build a 14-story office and retail project near Aventura Mall — and link it through a pedestrian overpass to a future Brightline station. Turnberry Associates is asking the city of Aventura for conditional use approval for the extra two stories of height from the currently allowed 12 stories on the 3.4 acre site at 2750 Northeast 199th Street, according to the city’s commission agenda documents. The project, called Two Turnberry, would have 240,000 square[...]