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: Terra nabs $141M construction loan for Bay Harbor Islands mixed-use project

January 11, 2022

Terra is making headway on its Bay Harbor Islands mixed-use project with a $141 million construction loan. The Coconut Grove-based firm scored the financing for its development at 1177 Kane Concourse, according to a statement from the Terra affiliate that owns the site. Mack Real Estate Credit Strategies is the lender. The project will consist of residential units, as well as Class A offices and retail, according to the statement. There will be a street-level “signature food and beverage” concept.[...]

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CLIENT NEWS: Renderings Show Planned Renovation At One Broadway

January 10, 2022

An architect has uploaded renderings of a renovation planned at the 36-story One Broadway building. Architect Form Group wrote that the building would be converted into a “world class destination property.” A new 500-person convention space is planned, the website said. Also planned: aesthetic and pedestrian improvements, relocation of a pool to the rooftop, new restaurants, and a new spa. Barcelo Balanzo Arquitectes of Madrid is overseeing design, with Form Group the architect of record, according to the website. A Notice of[...]

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CLIENT NEWS: Moishe Mana Buys Another $60M Worth Of Properties In Downtown Miami

January 7, 2022

Multiple properties in downtown Miami have been sold to Moishe Mana in the past few weeks, according to a press release and other reports. The following properties were sold to Mana during December: 100 N Miami Avenue 173 NE 1st Street 124 NE 2nd Avenue Those properties were purchased by Mana for a combined $25,375,000. They include a combined 50,197 square feet of building space, and 28,750 square feet of land. Colliers Urban Core Division Executive Managing Director Mika Mattingly[...]

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CLIENT NEWS: Order up: Shorty’s inks $15M sale lease-back of original restaurant near Dadeland Mall

January 6, 2022

Shorty’s BBQ has been approached “tons of times” over the years by developers seeking to buy the restaurant’s original location in Miami. The response was typically quick: No, said CEO Mark Vasturo. But the barbecue eatery finally said yes, after roughly a year of negotiations with buyers Atlantic Pacific Companies and Florida Value Partners. The developers completed a sale-leaseback with Shorty’s for the legacy site at 9200 South Dixie Highway. The sale closed just before the end of the year[...]

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CLIENT NEWS: Two Tallest Towers Ever Proposed South Of Brickell Get New Renderings

December 21, 2021

Developers 13th Floor Investments and Adler Group have revised plans to build two 39-story towers next to a Metrorail station. The twin proposed towers, which are part of the Link at Douglas megaproject, could become the tallest south of Brickell. A submittal in August showed them topping off at 444 feet above ground. The previous tallest south of Brickell was also at the same development – a 36-story, 393-foot tower called CASCADE, which has topped off. A 22-story tower in[...]

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