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
Billionaire Russell Weiner secured a buyer for his waterfront home on North Bay Road that Keith Menin gut-renovated and recently listed for sale. The deal is one of 13 contracts signed in Miami-Dade County between Oct. 20 and Oct. 26, according to the latest Eklund-Gomes report, which tracks listings of homes and condos asking $4 … Read more
A group of homeowners on North Bay Road, one of Miami Beach’s priciest streets, are pushing a plan to install security gates as a result of a string of auto thefts and increased traffic. The street is home to celebrities and some of the city’s wealthiest residents, including Mickey Drexler, Cindy Crawford and Rande Gerber, … Read more