Smart commercial real estate principals love finding the deal no one else knows about. Yet there’s an obvious deal out there that’s routinely being ignored - something that residential real estate brokers have been taking advantage of for years while CRE entities have been missing out. It’s a stream of impressive profits being left untouched, staring commercial principals in the collective face.
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Reggaeton Artist Nicky Jam Sells One Thousand Museum Condo For $7 Million
Reggaeton artist Nicky Jam has sold his bayfront condo at One Thousand Museum by Zaha Hadid Architects in Downtown Miami’s Park West District 11 for $7 million. Nicky Jam acquired the residence at 1000 Biscayne Blvd in 2021 for $5.7 million at the ultra-luxury building which features only 84 private residences and six-star services.
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(L-R) Demetri Demascus, Co-Founder PROFILEmiami; Raul Llanes, City National Bank; Michael May, Silverstein Capital; Dan Kodsi, Royal Palm Companies; Katya Demina, Co-Founder PROFILEmiami; Matthew Einheber, Title EQ; Justin Oates, Cain International; Juan Pedro San Martin, Merrimac Ventures
Inside the PROFILE South Florida Capital Markets Summit at E11EVEN Residences Miami
On Wednesday February 7, 2024 PROFILEmiami hosted its inaugural, sold-out South Florida Capital Markets Summit at the E11EVEN Residences Beyond sales gallery in Downtown Miami’s fast growing District 11 and Miami Worldcenter. The exclusive panel featured industry leading developers Dan Kodsi of Royal Palm Companies, Juan Pedro San Martin of Merrimac Ventures and financiers Raul Llanes of City National Bank, Michael May of Silverstein Capital and Justin Oates of Cain International; moderated by Matt Einheber of TitleEQ.
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Sky Penthouse At Aston Martin Residences Sells Complete With Aston Martin Miami Riverwalk Edition DBX
The final Sky Penthouse at the Aston Martin Residences has sold as the building nears completion. The iconic glass waterfront 69-story, 817’ tower is now an iconic part of the Miami skyline on the Miami River. Sky penthouse,unit 5901 offers an unmatched 9,573 square feet of luxurious indoor living space.
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Image Credit: Meyer Davis.
Terra and Sympatico Real Estate Launch Sales For Mr. C Residences West Palm Beach
Miami-based real estate development firm Terra and Sympatico Real Estate, a Palm Beach-based firm owned by the Morrison family, have launched sales for Mr. C Residences West Palm Beach. This 26-story luxury condominium hotel will mark the debut of a branded luxury development in Downtown West Palm Beach.
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Demetri Demascus, Will Meyer, Ralph Choeff, Katya Demina, Louis Birdman and Kobi Karp.
Inside The PROFILE Design Summit at Eichholtz Miami
On Thursday February 1, 2024, PROFILEmiami hosted its inaugural and sold-out PROFILE Design Summit, featuring architecture and interior design icons Kobi Karp, Louis Birdman, Will Meyer and Ralph Choeff. The evening took place at Eichholtz Gallery in Miami Design District and was attended by Miami’s top investors, developers, architects and designers as well as guests from all over the design world who flew in to experience the bespoke event.
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Mast Capital Locks Down Florida's Largest Residential Single-Tower Loan At $600 Million For Cipriani Residences Miami
Miami-based developer Mast Capital has secured a construction loan of $600 million, setting a new record for the largest single-tower residential construction loan ever obtained in Florida for Cipriani Residences Miami. The loan comes from Mexico-based Banco Inbursa and Ascendant Capital Partners, contributing $350 million and $250 million, respectively.
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Rendering via MARCH
Over $100 Million In Sales at The Residences at Shell Bay Following Opening Of Ultra-Private Shell Bay Club
The Residences at Shell Bay, the world-class, 150-acre enclave in the Miami region, has seen over $100 million in sales at the 20-story, 108-residence condominium tower, following the opening of the ultra-private Shell Bay Club in October. The Shell Bay Club is South Florida's first and only new golf club in over 25 years.
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PROFILEconnect: South Florida Capital Markets Summit at E11EVEN Residences Beyond on 2/7/24
On Wednesday February 7, 2024 PROFILEmiami will host its inaugural South Florida Capital Markets Summit, exploring the current state and future of how real estate in Miami is valued, financed, and transacted with South Florida’s top real estate and finance executives.
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Sabal Development Reveals TOGU Designed Penthouse At Brickell House Asking $14.99 Million
Sabal Development has revealed a lavish newly designed penthouse which just hit the market asking $14.99 million, located at 1300 Brickell Bay Drive in the 46-story Brickell House Condominium. The modern, sophisticated property features breathtaking panoramic views of Brickell, Key Biscayne, and Miami Beach.
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