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Turnberry, Simon Drop $131M On Retail Across From Aventura Mall: The South Florida Deal Sheet
By Laura SmithTurnberry and Simon Property Group teamed up to expand their holdings around the Aventura Mall with the purchase of an adjacent retail site. The pair purchased the 219K SF open-air retail center adjacent to the mall for $131M, a representative for Turnberry confirmed to Bisnow. Seritage…
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Miami Beach developer plans new ‘microdistrict’ on Lincoln Road
By Laura SmithThe Comras Co. plans to redevelop a section of Lincoln Road as a new retail, dining and lifestyle destination in Miami Beach. For the project, dubbed NoLi (North Lincoln Road), the Miami Beach-based commercial real estate developer has acquired five buildings…
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Lincoln Road properties sold at massive discount
By Laura SmithComras Co. paid a combined $130.8 million for five retail properties on Miami Beach’s famed Lincoln Road, a massive discount from their last trade, according to deeds filed in county records. Miami Beach-based Comras Co., led by Michael Comras, announced on…
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The Weekly Dirt: Is it time for Lincoln Road’s next act?
By Laura SmithA familiar face made a big move last week with the $140 million purchase of 11 storefronts on Miami Beach’s Lincoln Road.Michael Comras’ Comras Company plans to redevelop the properties into a 150,000-square-foot boutique shopping district called NoLi — short for North…
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Ackerman & Co. Arranges $117 Million in Financing for NoLi Project in Miami Beach
By Laura SmithAckerman & Co. has secured $117 million in financing for Comras Company to acquire five buildings along Lincoln Road in Miami Beach for a project called NoLi, a newly curated retail, dining and lifestyle destination. Jonathan Rice, Executive Vice President of…
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Michael Comras Of Comras Company Secures $117M Loan From ACORE Capital For Retail Micro-District In Miami Beach
By Laura SmithThe transaction involves the acquisition of five properties located at 600, 719-737, 741, 801–821, 826–838 Lincoln Road and 723 North Lincoln Lane in Miami Beach. The retail asset encompasses a total area of 150,000 square feet and was acquired for a price…
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