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 … Read more
Scott Sherman still remembers when landlords could get top dollar asking rents for retail and restaurant spaces on Lincoln Road, the outdoor pedestrian mall in Miami Beach. “Eight years ago, rents got ridiculous,” Sherman, who leads Miami-based Torose Equities, told The Real Deal. “They went from $150 to $300-plus a foot. Restaurants fled, national brands … Read more
Michael Comras’ company is under contract for a retail property portfolio on Miami Beach’s Lincoln Road. Miami Beach-based Comras Company is buying several properties from Morgan Stanley Real Estate Investing and Stephen Bittel’s Terranova, with the price pegged at about $140 million, Commercial Observer reported. The properties include 600, 719–737, 741, 801–821 Lincoln Road and … Read more