Black Lion President Robert Rivani has plans to invest an additional $50 million to reimagine the property into ‘Class X’ – an innovative concept that aims to redefine luxury and service standards in the office industry.
Setting a new record for a single tower, residential construction loan at $600 million, Mast Capital continues to redefine boundaries with their 80-story Cipriani-branded condominium development, slated to break ground on Tuesday.
The office is launching with seven to ten attorneys plus a support team. The firm has nearly 30 lawyers across its three locations, which include Manhattan, New York; Palm Beach, Florida and Miami offices.
Prior to joining Colliers, he served as Senior Managing Director and Caribbean Market Leader at Newmark as well as Executive Vice President at CBRE.
The lease deal marks the company’s fifth location in Miami, its seventh in the county and 11th in the state.
Stream’s first Florida office opened in January of this year in Fort Lauderdale, led by Greg Katz, who came to the firm from Newmark together with four team members.
The transaction would set a record if the purchase closes at this price.
Over the last nine months, the team at Wells Fargo Center has executed over 250,000 square feet of leasing transactions, bringing the building to 93% occupancy.
JLL’s Peter Sheridan, Yuri Quispe, and Peter Johnston represented the owner and developer in the lease negotiations.
The Newmark team was led by Jordan Roeschlaub and Dustin Stolly, Co-Presidents of Debt & Structured Finance, along with Executive Managing Directors Christopher Kramer and Nick Scribani, as well as Senior Managing Director Danny Matz from the Miami office.
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