Acore Capital, Trinity Investments | Coconut Grove | Miami
Acore Capital and Trinity Investments will open offices in Miami’s Coconut Grove, marking their continued investment in South Florida.
Acore leased 4,000 square feet, and Trinity leased 3,000 square feet at Comras Company’s redeveloped The Canopy Offices at 2981 Grand Avenue, according to the landlord’s news release. The deals mark the tenants’ first Miami offices.
The three-story Canopy was originally developed by Comras more than 25 years ago. The 33,000-square-foot building most recently was a Shaq’s 24 Hour Fitness. Before that, it was a Spec’s Music and Old Navy.
San Francisco-based Acore provided a $100 million acquisition loan to Michael Shvo and his partners for their $242.9 million purchase of three South Beach hotels in 2019. Acore is led by CEO Warren de Haan.
Honolulu-based Trinity, and funds managed by Certares Real Estate Management, bought the East, Miami hotel that is part of Brickell City Centre for more than $100 million in 2021. In 2022, Trinity and Credit Suisse’s investment arm bought the 1,000-key oceanfront Diplomat Beach Resort in Hollywood for $835 million.
Trinity is led by CEO Sean Hehir.
The Comras Company was founded and is led by Michael Comras.
Daymond John | Wynwood | Miami
Entrepreneur Daymond John, founder of clothing company FUBU and CEO of The Shark Group, opened an office in Wynwood.
John leased 1,000 square feet at flexible office provider Mindspace’s outpost at the Gateway at Wynwood building at 2916 North Miami Avenue in Miami, according to a Mindspace news release. About 20 employees for John will work at the office. The space is for The Shark Group.
John also is on the cast of “Shark Tank” and has invested in some of the businesses featured on the show.
New York-based R&B Realty, which developed the Gateway building in 2021, has been hit with financial woes this year. A trustee for the lender sued to foreclose on a $101 million loan in March and won a final judgment in June. R&B stalled the foreclosure auction and filed for Chapter 11 bankruptcy in July.
Dolce & Gabbana, Tiffany, more | CityPlace | West Palm Beach
The Bal Harbour Shops Access Pop-Up Tour, a traveling luxury retail pop-up, will make a stop at Related Ross’ CityPlace in downtown West Palm Beach.
The pop-up, which spans 17,000 square feet, will include Dolce & Gabbana, Tiffany, Balmain, Golden Goose, Gianvito Rossi, Wolford, Santa Maria Novella, Assouline, Elisabetta Franchi, Etro, Lanvin, Scanlan Theodore, Monnalisa and Addict, according to a news release from Bal Harbour Shops and CityPlace. It also will include The Whitman restaurant, with seating for 150 guests.
The pop-up will be open from Nov. 15 to mid-January at 700 South Rosemary Avenue.
The Bal Harbour Shops Access Pop-Up Tour gives guests an ability to get a taste of luxury shopping mall Bal Harbour Shops in Bal Harbour. The Whitman family owns Bal Harbour Shops.
Related Ross is billionaire Steve Ross’ real estate firm. Ross, who founded Related Companies 52 years ago and led the New York-based firm, stepped back from the company in July and carved out its Related Southeast division into Related Ross. Ross is chairman and CEO of Related Ross, which focuses on South Florida real estate.
National Union Fire Insurance Company | Brickell | Miami
National Union Fire Insurance Company, a subsidiary of AIG, is keeping its Brickell office.
The insurer renewed its 13,400-square-foot lease at the 701 Brickell Avenue tower, according to a news release from the tenant’s broker. National Union Fire Insurance provides commercial property, liability, auto, workers’ compensation and specialty coverages.
Stephen Rutchik of Colliers represented the tenant. Brian Gale and Andrew Trench were part of the Cushman & Wakefield team that represented the landlord.
This month, Nuveen Real Estate sold the 33-story 701 Brickell tower to Paul Singer’s Elliott Investment Management and Boca Raton-based Morning Calm Management for $443 million.
New York-based Nuveen had owned the tower since 2002. It paid $172 million for it, according to records.
Sushi Garage | Midtown Miami | Miami
Juvia Group will open a sushi restaurant at the Standard Hotels-branded luxury condominium that’s under construction in Midtown Miami.
Sushi Garage leased about 4,500 square feet and 1,200 square feet of outdoor space at the 12-story, 228-unit Standard Residences, Midtown Miami at 3100 Northeast First Avenue, according to co-developer Carlos Rosso and a news release from the developers. The restaurant will open in July.
Rosso’s Miami-based Rosso Development, Standard International and Alex Vadia’s Midtown Development are developing the project. The building, which is 96 percent presold, will be the first Standard Hotels-branded residential development.
It is expected to be completed in the third quarter of next year, the release says.
Juvia Group, founded by restaurateurs Jonas and Alexandra Millán, also will open a Solana rooftop restaurant at the Standard Residences. Also, Rosetta Bakery Café & Privato Speakeasy will open at the building.
Mona Lisa | Miami Beach
An Asian-Mediterranean fusion restaurant opened in Miami Beach.
Mona Lisa leased 4,500 square feet at 739 Washington Avenue in South Beach, according to the tenant’s spokesperson. The executive chef is Benjamin Goldman.
Records show a Boca Raton-based entity managed by Joan Polsky owns the building.
Mostaza | Wynwood | Miami
Argentine burger restaurant Mostaza will open in Wynwood.
Mostaza leased 1,300 square feet and outdoor space at 2531 Northwest Second Avenue in Miami, according to the tenant’s broker. The restaurant will open late next year.
Fabio and Sebastian Faerman of FA Commercial represented Mostaza.
Records show an entity tied to New York-based Centurion Realty owns the building.
Pininfarina of America | Brickell | Miami
Italian design firm Pininfarina opened its U.S. headquarters in Miami’s Brickell.
Pininfarina of America leased 5,000 square feet at 501 Brickell Key Drive, according to the tenant’s news release. The firm has designed automotive and mobility projects, as well as architecture projects.
Records show the building, which is at the Courvoisier Centre office complex, is owned by Spanish investment firm Masaveu Corporation.