Elected Miami Beach officials, anxious to recruit corporateresidents to its eight-mile-long oceanfront community, had offereda $720,000 incentive package to the 33-year-old developer/investorto relocate its headquarters from the West Miami-Dadesubmarket.

At the last minute, however, the city's finance committeerevised its newly packaged bonus plan to exclude companies that hadalready leased space in the area.

LNR jointly developed its eight-story, 111,000-sf building withJoe Comras of the Comras Co. and developer Scott Robins oncity-owned land in exchange for operating public garages to easethe city's shortage of parking spaces.

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