Login

Did You Hear? Miami Investor to Greatly Reduce Retail Rents and 'Share the Pain' From Coronavirus Disruption

A Daily Look at the Movers and Shakers in Commercial Real Estate
Ophir Sternberg, founder and CEO of Out of the Box Ventures, said his firm will slash retail tenant rents to "share the pain" of the coronavirus-caused economic slowdown. (Courtesy of Out of the Box Ventures)
Ophir Sternberg, founder and CEO of Out of the Box Ventures, said his firm will slash retail tenant rents to "share the pain" of the coronavirus-caused economic slowdown. (Courtesy of Out of the Box Ventures)
CoStar News
April 7, 2020 | 4:10 P.M.

Ophir Sternberg, founder and CEO of Miami-based Lionheart Capital and its subsidiary Out of the Box Ventures, has spent the past three years buying and repositioning distressed retail properties across the country. Now the owner of more than 6 million square feet of shopping centers and big boxes, Sternberg wants to work with tenants that are struggling because of shutdowns and business disruption caused by the coronavirus pandemic.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE