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Expert Analysis

The Dramatic Transformation Of Miami's Lincoln Road

Law360, New York ( October 2, 2014, 1:12 PM EDT) -- The Miami real estate community is still buzzing over the recent $342 million sale by Terranova Corp. and Acadia Realty Trust of six buildings on Lincoln Road in Miami Beach in late August. It is one of the largest real estate transactions in Miami's history. What makes it even more eye-opening is that Terranova and Acadia acquired the six buildings for $191 million less than three years ago — the first three buildings in February 2011 for $52 million and the other three buildings in December 2012 for $139 million....

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