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.  The two-story storefront spans 8,600 square feet and was built in 1928, with additions […]

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