Comras under contract for retail portfolio on Miami Beach’s Lincoln Road
Michael Comras’ company is under contract for a retail property portfolio on Miami Beach’s Lincoln Road. Miami Beach-based Comras Company is buying several properties from Morgan Stanley Real Estate Investing and Stephen Bittel’s Terranova, with the price pegged at about $140 million, Commercial Observer reported. The properties include 600, 719–737, 741, 801–821 Lincoln Road and 723 North Lincoln Lane. It’s unclear if Comras has an equity partner. New York-based Morgan Stanley has been trying to sell the buildings this year, after buying them as part of a larger portfolio purchase in 2014, in a deal valued at $342 million. Miami […]This article originally appeared on The Real Deal. Click here to read the full story.
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