Rivani sells waterfront Palm Island home to Jose Mas, partners for $25M
Commercial real estate investor Robert Rivani sold a waterfront Miami Beach mansion for $25 million, just $2 million more than he paid roughly six months ago. The buyer? A company led by Jose Mas of the billionaire Mas family and architect Cesar Molina, who have been working together to acquire and redevelop homes in South Florida. Property records show Rivani’s RJR LV LLC sold the 9,200-square-foot mansion at 16 Palm Avenue to CMA Homes 16 Palm Ave LLC. The buyer financed the deal with a $15 million mortgage from City National Bank of Florida. Douglas Elliman’s Dina Goldentayer represented the […]This article originally appeared on The Real Deal. Click here to read the full story.
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