Black Lion Investment Group, the Miami-based real estate and hospitality developer led by Robert Rivani, has added yet another trophy property with the acquisition of the trophy restaurant space at SLS Brickell for $10,000,000. The restaurant space is approximately 13,500 SF of indoor / outdoor space and was previously Bazaar Mar by Chef Jose Andres which closed in 2019. The sellers were members of the Qatar’s ruling royal Al Thanis family.
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PORT 32 Marinas Acquires Lighthouse Point Marina
PORT 32 Marinas, LLC has acquired Lighthouse Point Marina, which is situated on the Intracoastal Waterway just minutes from the Hillsboro Inlet. Located at 2831 Marina Circle, Lighthouse Point, FL, the marina is one of the area’s most coveted destinations in the heart of the “Yachting Capital of the World.” PORT 32 is a leading owner, operator, developer, and acquirer of a growing collection of marina assets in nine premier markets across both coasts of Florida.
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Courtesy of Inflight Solutions LLC
The Continuum Company Acquires North Bay Village Development Site For $35 Million
New York based development firm The Continuum Company has closed on the purchase of 1755 Kennedy Causeway, a 1.34-acre site in Miami’s exclusive North Bay Village. Samuel Heskiel, CEO and Co-Founder at Beachfront Realty was the land broker for this deal, which was purchased by the firm for $35,000,000. The firm plans to come to market with their second ever Continuum-branded project in South Florida Q4 of 2023.
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Rilea Group Acquires Final Parcels To Complete Assemblage for Mohawk Wynwood
Rilea Group has closed on an expansion of its assemblage for its rental project Mohawk at Wynwood for $5.7 million, represented by Alfredo Riascos of Gridline Properties. The seller was represented by Alfonso Jaramillo of Fortune. The purchase brings Mohawk’s site to 78K square feet, which sits adjacent to its short-term luxury rental property, The Rider Wynwood.
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Limestone Asset Management and Orion Real Estate Acquire Pinecrest Retail Center For $70.5 Million
Miami-based Limestone Asset Management, via a joint venture with Orion Real Estate Group, has acquired Colonial Palms Plaza, a retail center located in the Pinecrest area at 13601–13621 S Dixie Highway, Miami, FL, 33176, for $70.5 million on Dec. 23, 2022. Eric Williams of JLL represented the seller, MetLife Investment Management. Goldman Sachs is providing financing for the purchase.
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Brick & Timber Collective Acquires Wynwood Office Building Cube Wynwd For $62 Million
Brick & Timber Collective has acquired Cube Wynwd, an office building in Miami’s hot Wynwood neighborhood, from Tricera Capital and Alex Karakanhian’s LNDMRK Development for $62 million. The transaction closed on December 13 and Tricera and LNDMRK retained an undisclosed ownership stake in Cube Wynwd. Tricera and LNDMRK originally acquired the 100,000 SF office building for $28 million in an April 2021.
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Robert Rivani's Black Lion Investment Group Expands South Beach Holdings With One Ocean Acquisition For $12.25 Million
Real estate investor Robert Rivani’s Black Lion Investment Group has expanded their South Beach holdings with the acquisition of the ground floor restaurant space in One Ocean, a 50-unit luxury condominium building in Miami Beach’s exclusive South of Fifth neighborhood. Rivani paid $12.25 million for the space which offers an indoor area of 10,404 SF and an outdoor area of 3,588 SF.
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Development Site In Miami's Little River Neighborhood Trades For $13.3 Million
Little River has been a hotspot for investment and yet another significant transaction has as an undisclosed buyer acquired a development site for $13.3 million. The sale included 2.2 acres on NE 2nd Ave in the northern section of Little River, located at 8038 NE 2nd Ave. Gridline Properties’ Broker and Principal Alfredo Riascos represented the seller, Thomas Conway of Conway Commercial Real Estate.
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Alchemy-ABR Investment Partners Close On Wynwood Development Site For $18 Million
Alchemy-ABR Investment Partners, a fully integrated New York based real estate development and investment firm, have closed on a development site at 18 NW 23rd Street in Wynwood for $18 million. The property spans 36,079 SF and the acquisition represents Alchemy's first residential project in Florida. Israel Discount Bank provided financing for Alchemy-ABR Investment Partners to purchase the vacant lot.
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Waterford Corporate Centre Trades For $16.9 Million, To Become New Worldwide HQ For Benitez & Company CPA
The Waterford Corporate Centre, a multi-tenant office property which was renovated in 2019, ha sold for $16.9 million. The property is located at 5835 Blue Lagoon Drive, Miami, FL 33126 and spans 61,194 SF. The Waterford Corporate Centre was 97% leased at the time of sale and the tenant list includes The United States Department of Commerce, The State of Florida Department of Education, Volvo Group North America and World Trade Center Miami.
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