RIVANI Acquires Historic Lincoln Theatre Building In Miami Beach For $37 Million
The Art Deco retail property spans 35,240-square feet and is currently 98% leased to a premier tenant roster, including H&M, which anchors the property.
The Art Deco retail property spans 35,240-square feet and is currently 98% leased to a premier tenant roster, including H&M, which anchors the property.
Orion acquired the property in 2015 for $27.8 million.
Marcus & Millichap’s Drew Kristol and Kirk Olson represented the seller, a local South Florida investor, in the transaction.
Read on for the most popular news headlines this past week on CRE-sources.
Construction of the 134,000-square-foot store is underway, with a projected opening in 2026.
The lease was expertly orchestrated by Jake Michels, Sales Associate, and Joseph P. Byrnes, Senior Vice President at Berger Commercial Realty, who represented the landlord.
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The luxury fitness club will make its debut in Fort Lauderdale with a 35,000 square-foot facility.
Maesel has stepped into the role in order to elevate the entire team. With a ‘Deliberately Different’ approach to commercial real estate, the company places culture over production not only with the ROI Group but the rest of the company, which features six offices and nearly 50 advisors.
Read on for the most popular news headlines this past week on CRE-sources.
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