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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: Witkoff Planning Downtown Miami’s Biggest Residential Project Ever

January 18, 2022

Developer Witkoff Group is planning downtown Miami’s biggest ever residential project by unit count, according to documents filed with planners yesterday. The project will also include a very large office component, along with retail space. It will be built on the former Miami Arena site at Miami Worldcenter. Witkoff Group and Monroe Capital acquired the 4.7-acre property for $94 million in July 2021. The project is proposed to include: 2,195 high-rise residential units 49,999 square feet of retail space 540,000[...]

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.[...]

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[...]

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[...]

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[...]