"In this world, nothing is certain except death and taxes," as the famous quote by Benjamin Franklin goes. But what if we told you that there's a way to potentially defer paying those pesky capital gains taxes on the sale of an investment or business property? Enter the 1031 exchange, also known as a like-kind exchange or a Starker exchange.
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Global Investment Management Firm Pretium Signs Lease At Eighteen Sunset In Miami Beach's Sunset Harbour
Specialized investment management firm Pretium plans to open an office at Deco Capital Group’s Eighteen Sunset, a Class A office building being constructed at 1769 Purdy Avenue in Miami Beach. Pretium has leased 11,591 square feet on the fourth floor of the project, which together with other completed leases represents approximately 80% of all available office space at Eighteen Sunset.
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Beyonce, Elton John and Guns N' Roses Former Manager Lists Penthouse Atop Brickell's Exclusive Santa Maria Bayfront Condo Tower For $15 Million
A rare two-story penthouse in Brickell’s exclusive Santa Maria condominium tower with stunning views of Miami's crystal blue waters and city skyline just hit the market for $15 million. The unit is owned by Merck Mercuriadis, the former manager of Elton John, Beyonce, & Guns N’ Roses, and owner of Hipgnosis, the music catalog that partnered with Blackstone Group.
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Pinecrest Spec Home Sells For Record $10.25 Million
A spec home in Pinecrest has just sold for a record $10.25 million which is the priciest sale ever in Pinecrest. The newly constructed home is located at 6155 SW 106th Street and spans 9,886 SF spread over 7 bedrooms and 8.5 bathrooms on a 1.06 acre lot. Angel Nicolas and Jose Nicolas with Compass represented the buyer, while Jo-Ann Forster with Compass represented the seller.
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Kobi Karp, Dan Kodsi, Katya Demina, Michael Simkins, Demetri Demascus and Dan Kaplan
Inside PROFILEconnect: The Evolution of Downtown Miami Into a Global Cultural And Business Hub
On Tuesday, November 15th, PROFILEmiami teamed up with PARAMOUNT Miami Worldcenter, Royal Palm Companies, PMG and E11EVEN Partners to host PROFILEconnect: The Evolution of Downtown Miami into a Global Cultural and Business Hub. PROFILEconnect is PROFILEmiami’s high-end bespoke networking event series, bringing together Miami’s real estate and business leaders
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Image via Maison Mura
Sophisticated Wine and Spirits Concept 'Maison Mura' Opens in Downtown Miami
Maison Mura, a sophisticated wine and spirits boutique and immersive experience, has opened at 333 SE 3rd Avenue in Downtown Miami. Maison MURA will serve and offer for sale an extensive selection of premium wine and spirits, as well as a refined food menu, all carefully curated by owners and long-time friends Matthieu Yamoum, the former Wine Director of New York's Baccarat Hotel, and Philippe Vasilescu, the former Brand Ambassador for the prestigious LOUIS XIII Cognac de Remy Martin.
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Image via Katie June Burton
Husband-Wife Duo Behind Miami's Iconic Mandolin Aegean Bistro Open The Drexel Coastal Mediterranean Eatery In Miami Beach
Anastasia Koutsioukis and Ahmet Erkaya, the husband-wife duo behind Miami’s iconic Mandolin Aegean Bistro, have opened The Drexel in Miami Beach. Since Mandolin’s initial opening, the couple have expanded the Mandolin brand to include homeware store Mrs. Mandolin; fast-casual gyros and kebab house, Mr. Mandolin; Mandolin Taverna in Los Angeles; and The Drexel in the heart of Miami Beach.
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Record Breaking Condo Sale At The Bristol In West Palm Beach Tops $3,364 Per Square Foot
A 3-bedroom condo at The Bristol in West Palm Beach has just traded for $12,025,000, marking a record sale at the iconic condo tower at $3,364 per square foot. Samantha Curry and Daniel Ekerold with Douglas Elliman represented the seller, while Brooke Murphy and Kyle Blackmon of Compass represented the buyer. Located at 1100 S Flagler Drive #1403, the stunning 3 bed + den residence features over 4,200 total square-feet.
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Brightline Aventura Ribbon Cutting
Brightline Opens New Stations In Aventura and Boca Raton
Brightline, the only provider of modern, eco-friendly, intercity rail in America, along with its partners in Boca Raton, Aventura, celebrated the ribbon cutting of its Aventura and Boca Raton train stations. Congressman Carlos Gimenez and Mayors Daniella Levine Cava, Scott Singer and Howard Weinburg were joined by Brightline executives to officially launch the highly-anticipated new stations. The first day of service for Boca Raton and Aventura is December 21, 2022.
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Club Studio
Club Studio, Earls Kitchen + Bar, and Luli Fama To Join Dynamic Shopping and Dining Collection Coming to Miami Worldcenter
An enticing collection of shops and dining spots in Downtown Miami continues to take shape with three new national retail and restaurant tenants coming to Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The development’s ownership has completed leases with a new high-end fitness concept called Club Studio, popular dining spot Earls Kitchen + Bar, and luxury swimwear brand Luli Fama through Leap.
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