Scott Robins, former Miami Beach Mayor Philip Levine, and Ben Mandell’s Tricera Capital Close on Lincoln Road Retail Asset for $13.6 Million

MIAMI, FL –– Scott Robins from Scott Robins Companies, Inc., former Mayor of Miami Beach Philip Levine, and Ben Mandell’s Tricera Capital, closed on 318-334 Lincoln Road, a ~24,000SF property located in the heart of Miami Beach, for $13.6 million. 

Ben Mandell

The property was sold by RFR Realty, a New York-based real estate investment firm founded by Michael Fuchs and Aby Rosen.

Philip Levine

Scott Robins, known for transforming neighborhoods in Miami Beach, stated, “This part of Lincoln Road has long been the 'Times Square' of Miami Beach. Our acquisition of this asset marks the start of a new chapter in this area. 

Scott Robins 

"My partners and I are excited to restore this iconic location to its former glory, bringing back the bustling energy and allure it once had.”

Current tenants at 318-334 Lincoln include Mr. Jones Miami, South Beach Munchies, and Sweet Life Gelato Italian Ice Cream. Ownership is actively leasing and is currently in discussions with several tenants for the vacant units.

“We are excited to enter this market at such a unique time,” said Tricera Capital CEO Ben Mandell. “This part of Lincoln Road has seen strong performance over the last few years and continues to be a service-oriented and convenient staple for travelers to Miami Beach.”

The timing of this purchase aligns perfectly with the broader revitalization efforts on Lincoln Road, especially in the 100, 200, and 300 blocks. A significant investment of approximately $12 million—contributed equally by the State, the City, and the Ritz-Carlton South Beach—is being dedicated to enhancing infrastructure, implementing art and landscaping, creating pedestrian-friendly streets to harmonize with the rest of Lincoln Road.

“With major capital improvement projects on the horizon, including the construction of a beautiful, pedestrianized streetscape, enhanced public beach access, and the addition of new hotels, restaurants, and retail stores, Lincoln Road is poised to regain its splendor of years past," said Levine.

 

 Contacts:

 Eric Kalis/Daniel Benjamin

954-370-8999

ekalis@boardroompr.com/dbenjamin@boardroompr.com

 

 www.triceracap.com.

Illustrated Properties Linda Bright Stars in Television Show The Bright Life of the Palm Beaches

  

Linda Bright 

 Palm Beach, FL, Aug. 6, 2024 – Illustrated Properties’ premier luxury real estate professional, Linda Bright will be the host of The Bright Life of The Palm Beaches, a new television show to air on Fox 29 and WSFL -TV locally in Palm Beach.

The lifestyle show features destinations and attractions in the most sought-after places to live across the county.

The show aims to promote the best of the Palm Beaches, focusing on luxury, relaxation, and rejuvenation.

Bright is a real estate veteran with over 30 years of experience. She is a Platinum Producer year after year, a member of the top Best of Best with Illustrated Properties, the #1 Luxury Broker in Palm Beach County and a member of exclusive REALM Global. She is a member of the Realtor Association.

  

CONTACTS:

 

Eric Kalis and Daniel Benjamin,

 BoardroomPR

ekalis@boardroompr.com

dbenjamin@boardroompr.com

954-370-8999

 ipre.com.

CrossMarc Services Names Real Estate Finance and Investment Veteran Joshua Harris as Senior Vice President

Joshua A. Harris

 

Winter Park, FL --- CrossMarc Services LLC, one of the fastest growing real estate investment and advisory firms in the Southeast, brought 

Joshua A. Harris, Ph. D on board as Senior Vice President.

 

Harris, who also serves as Executive Director of Fordham Real Estate Institute at Fordham University, will oversee several aspects of CrossMarc’s operations in the region, and will become integral to CrossMarc’s strategic vision and continued growth.

               

CrossMarc CEO John Crossman, CCIM, CRX said Harris is a prominent real estate economist and investment strategist.  He brings more than 20 years of experience that also encompasses research and market analysis, business development and management. 

 

He earned his undergraduate degree magna cum laude from University of Central Florida as well as his MBA and PhD in Finance.  He also received the Counselor or Real Estate (CRE), Certified Commercial Investment Member (CCIM), and Chartered Alternative Investment Analyst (CAIA) designations.

 

He has been named a Distinguished Fellow by the NAIOP Research Foundation and serves as the Chair of the Economic Advisory Council for the Counselors of Real Estate.

 

Harris was formerly vice president of investment strategy for the New York-based US commercial development division of Skanska AB – the global construction and development firm based in Stockholm – where his focus centered on development of high-rise office, multifamily and mixed-use projects from coast to coast. 

John Crossman

Prior to joining Skanska, he established and operates his own boutique real estate finance and economic consultancy, Lakemont Group based in Orlando. 

 

“CrossMarc Services is expanding its scope in the southeast and we are delighted Josh has joined our team as a leader to share his integrated academic and leadership experience,” said Crossman. “Harris is a highly regarded and widely known real estate professional and he brings a new level of expertise to our company that will have a significant impact on our future growth.”

 

About CrossMarc Services

 

Founded in 2020, Winter Park-based CrossMarc Services specializes in commercial real estate services, including advisory, investment, brokerage and property management.  

 

CONTACTS:

 

John Crossman, CCIM, CRX, President CrossMarc Services, LLC,  1011 N. Wymore Rd. Winter Park, FL 32789 -

 407-794-9393 or

 jcrossman@crossmarcservices.com

 

Beth Payan, Larry Vershel Communications;

407-461-3781 

beth@larryvershel.com

 

www.crossmarcservices.com