Real estate investor and President of Black Lion, Robert Rivani, is set to bring the U.S. debut of internationally-recognized entertainment restaurant RosaNegra to Miami’s Brickell Financial District. The Mexico-based Grupo RosaNegra signed a 10-year lease with Rivani to occupy the coveted ground floor space at SLS Brickell. Fabio Faerman and Sebastian Faerman with FA Commercial represented both sides of the transaction. The SLS Brickell location will be RosaNegra’s flagship outpost in the U.S. and its sixth location worldwide.
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Alex Karakhanian Sells MiMo Commercial Building On Biscayne Blvd For $6 Million
Alex Karakhanian of LNDMRK Development has sold a trophy commercial building in Miami’s MiMo District fronting Biscayne Blvd for $6 Million. The adaptive-reuse property was sold completely vacant and without any TDRs or TDDs, which are in contract to be sold to a developer. The building, which is located at 6654 Biscayne Blvd, spans 10,500 SF on a 19,200 SF lot
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Music Mogul Rick Ross Closes On 37 Star Island For $35 Million
Music mogul and rap superstar Rick Ross has officially closed on 37 Star Island Drive for $35 million. Ross says the purchase was "a major piece to the puzzle" in building his already robust real estate portfolio. 37 Star Island Drive is a 12,374 square foot, 6 bedroom home situated on a manicured 40,000-square foot lot with 100-feet of waterfront on Miami Beach’s exclusive and ritzy Star Island.
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Luxury Waterfront Boutique Condo Alba Palm Beach Breaks Ground In West Palm Beach
BGI Companies and Blue Road Group have broken ground on Alba Palm Beach, a collection of 55 boutique luxury residences, including a limited collection of four unique two- and three-story townhomes, each with unobstructed views of the serene Intracoastal Waterway and their own private plunge pools. Alba Palm Beach has an expected completion in 2025 and is located at 4714 N. Flagler Drive in West Palm Beach.
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ALINA Residences Boca Raton Reveals New Luxe Residences And Wellness Amenities
El-Ad National Properties, an Elad Group company, has revealed new luxurious pre-construction residences and wellness amenities at ALINA Residences Boca Raton, a world-class residential destination in the heart of downtown Boca Raton. New residences include a premier corner residence with a private rooftop as well as a luxurious ground-floor villa overlooking the golf course, new amenities include a golf simulator.
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Fitness Mogul Anne Mahlum Under Contract For Pinecrest Spec Home Asking $13.5 Million
Fitness mogul, entrepreneur and philanthropist Anne Mahlum and high-performance coach Brett Eaton are under contract to purchase a new construction home asking $13.5 million in Miami’s ritzy Pinecrest neighborhood. Chad Carroll with The Carroll Group at Compass represented Mahlum and Eaton in the transaction.
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Forté Development Breaks Ground On 'Forté Luxe' Luxury Boutique Waterfront Community in Jupiter
Forté Development has broken ground on Forté Luxe, a luxury boutique waterfront community in Jupiter, Florida, consisting of just 15 multi-level residences surrounded on three sides by sparkling Intracoastal Waterway views. Forté Luxe is located at 12450 Crystal Cove Place in Jupiter, FL. With pricing from $4.35 million to over $8 million, Forté Luxe is slated to be complete in March 2025.
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Case Study: Inside An $80 Million Recapitalization of a Multifamily In Port Orange, FL
Eyzenberg & Company, a real estate investment bank with offices in Miami, New York and Washington DC, recently arranged a unitranche preferred equity and senior debt package to effectuate the pay off of a general partner buy a foreign limited partner on a mid-lease up multifamily property in Port Orange, FL. PROFILEmiami had the exclusive opportunity explore the process with David Eyzenberg, the founder of Eyzenberg & Co.
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Coastal Construction Tops Out University of Miami's Centennial Village Student Residence
Coastal Construction Group, one of the largest privately held construction companies in the Southeast, has topped out the University of Miami's Centennial Village, a state-of-the-art student residence that will accommodate over 2,000 students. Phase I of Centennial Village is anticipated to open in fall of 2024, with Phase II anticipated to open in fall of 2026.
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Is Miami's Population Actually Shrinking? Is The City In Trouble? Not So Fast The Numbers Say...
Last week headlines from news outlets such as the The Wall Street Journal, the Miami Herald and The New York Times rang out that Miami was in trouble and the population was shrinking fast. The articles closely followed a debacle at Business Insider after the outlet published an article claiming that in 2021 more people had moved out of Florida than either New York or California; but, Business Insider later had to retract and correct the story after one of their writers had mistakenly flipped around the numbers and published with the article.
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