Shahab Karmely’s KAR picks up AllSaints-leased building on Lincoln Road
Shahab Karmely is joining a group of real estate players banking on a comeback for Lincoln Road. Karmely’s New York-based KAR Properties bought the retail building at 910 Lincoln Road in Miami Beach, which is leased to British fashion brand AllSaints, for $15 million, according to records. Miami-based Torose Equities, led by Scott Sherman, sold the building after purchasing it at a discount two years ago. Torose paid $10.4 million for the property in 2024, a bargain at 34.2 percent less than its 2010 purchase price. Stefano Santoro of Disruptive Real Estate represented the buyer and the seller in the […]This article originally appeared on The Real Deal. Click here to read the full story.
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