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 … Read more
The Brazilian banker who was arrested last week as part of what authorities allege is a multibillion-dollar fraud is the owner of a waterfront estate in Miami, and linked to other properties in South Florida, The Real Deal has learned. Banco Master’s CEO and majority shareholder, Daniel Vorcaro, is the true owner of the 20,500-square-foot … Read more
Reality star Sam Logan’s $22.1 million purchase of a waterfront home in Miami’s Belle Meade topped last week’s signed contracts report. The deal marks the most expensive of 21 contracts signed in Miami-Dade County between Nov. 17 and Nov. 23, according to the latest Eklund-Gomes report. It tracks listings of homes and condos asking $4 … Read more
Miami commissioners voted to approve on first reading a proposal that would allow developers to double their density in specific neighborhoods, starting in Edgewater. Under the proposal, developers would pay $35,000 per unit into a Resilience Trust Fund for the additional density. Those funds would be used to help pay for flood control and climate … Read more
Billionaire Jeffrey Soffer’s plan for a water park at his Fontainebleau Miami Beach resort is caught in a tidal wave of opposition. At a Tuesday meeting of the Miami Beach Historic Preservation Board, neighboring residents, city activists and board members slammed the proposal to redevelop the 1,504-room oceanfront hotel’s outdoor pool area into a family-oriented … Read more
Miami commissioners are set to vote on a proposal that would allow developers to double their density in specific neighborhoods, starting in Edgewater. If approved, the city’s Resilience Trust Fund would be used to help pay for flood control and climate projects, Coconut Grove Spotlight reported. The city’s Planning, Zoning and Appeals Board approved the … Read more
Reality star Sam Logan bought a waterfront home in Miami’s Belle Meade for a record $22.1 million in an off-market deal. Records show Logan bought the house at 905 Belle Meade Island Drive from Mohammed Hussain. The deal follows a year after he sold a waterfront home on Chase Avenue in Miami Beach for $11 … Read more
Clad in his signature all-white suit and matching fedora, Alan Faena stood on the crimson stage –– flanked by his development partners Edgardo Defortuna and Shahab Karmely –– and said their planned Faena Residences towers won’t merely offer condos. “We are offering happiness,” Faena said at the Saturday night party for the official opening of … Read more
President Donald Trump, unsurprisingly, is picking a MAGA Republican to be the next Miami mayor. But real estate industry titans are circling the wagons for the moderate Democrat for the supposedly non-partisan runoff on Dec. 9. Over the weekend, Trump, whose presidential library could be built in downtown Miami, posted on Truth Social that he’s … Read more
Russell Galbut footed the bill for digital ads that recently popped in New York City’s Time Square, aimed at New Yorkers seeking to flee the upcoming mayoral reign of Zohran Mamdani. Galbut, co-founder of Miami-based Crescent Heights, paid for the billboards that featured a Miami Beach lifeguard stand with a message from the city’s reelected … Read more