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CLIENT NEWS: Todd Glaser, Posners close on Sonny Kahn’s waterfront Miami Beach estate, plan spec mansion asking $300M

July 29, 2025

Todd Glaser and the Posner Group paid $105 million for a waterfront estate in Miami Beach that Glaser plans to knock down and replace with a spec mansion asking $300 million. Developer Sonny Kahn, a founding partner at Miami-based Crescent Heights, and his wife Suzanne sold the 2.3-acre estate at 5940 North Bay Road. The deal, in the works for about six months, closed on Monday, Glaser said. Glaser’s investor and partner, Jarrett and Sean Posner’s firm, financed the purchase.[...]

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CLIENT NEWS: Too much of a good time?

July 30, 2021

Hospitality mogul David Grutman and rapper and entrepreneur Pharrell Williams could use some good vibes for their Goodtime Hotel. The hotel, which opened at 601 Washington Avenue in April, is at risk of losing parts of its conditional use permit following nearly 30 noise violations. The Miami Beach Planning Board will hold a hearing over revoking the entertainment permit for its rooftop pool deck on Sept. 28. The motion to hold a revocation hearing was approved at Tuesday’s planning board[...]

CLIENT NEWS: Miami River Developer Obtains Utilities For 1,843 Apartments, 130K Square Feet Retail

July 19, 2021

The developer of the proposed Miami River complex completed a deal to connect the project to Miami-Dade’s water and sewer utilities system. The deal was completed on June 30. According to the agreement, the Miami River project will include: 1,843 apartments 54,200 square feet of full service restaurant 40,000 square feet of office 130,600 square feet of retail 17 marina slips Meyer Chetrit signed the agreement on behalf of developer CG Miami River LLC. The developer will pay a connection[...]

CLIENT NEWS: NYC developer & Chicago firm buy Miami Worldcenter hotel and expo site

July 9, 2021

A Miami Worldcenter site has sold for $94 million, dashing plans for the long-awaited Marriott Marquis Miami Worldcenter Hotel & Expo. MDM Group sold its five-acre parcel at 700 N. Miami Ave. on Friday to New York City developer Witkoff and Chicago-headquartered asset management firm Monroe Capital, as first reported by the South Florida Business Journal and the Commercial Observer. MDM decided to scrap its plans due to Covid-19 and its impact on the meetings and convention market, according to the firm’s vice president of operations and development[...]

CLIENT NEWS: Swerdlow Group breaks ground on Sawyer’s Walk in Overtown

July 8, 2021

Construction has begun on the largest mixed-use development to take shape in Miami’s historic Overtown neighborhood in decades, paving the way for new shopping and dining options, affordable residences for seniors, and thousands of job opportunities. Sawyer’s Walk, a 1.4-million-square-foot development led by Swerdlow Group in collaboration with the Southeast Overtown/Park West Community Redevelopment Agency (CRA), will include 250,000 square feet of destination retail alongside 578 apartments designated for low-income seniors. Swerdlow Group and its partners, SJM Partners and Alben[...]

CLIENT NEWS: Witkoff, Monroe pay $94M for site of canceled Marriott hotel at Miami Worldcenter

July 6, 2021

New York-based Witkoff and a partner swooped in to buy the site of MDM Group’s long-hyped — but now-canceled — Marriott Marquis Miami Worldcenter Hotel for $94 million. Witkoff, led by Chair and CEO Steven Witkoff, and Chicago-based Monroe Capital bought the 4.7-acre site at 700 North Miami Avenue, according to a news release. It is not yet clear what they plan to build, but the land is entitled for more than 60 stories and a mix of residential, hospitality[...]