Clad in his signature all-white suit and matching fedora, Alan Faena stood on the crimson stage –– flanked by his development partners Edgardo Defortuna and Shahab Karmely –– and said their planned Faena Residences towers won’t merely offer condos. “We are offering happiness,” Faena said at the Saturday night party for the official opening of … Read more
Miami ranks second only to Dubai among global markets for its branded residence pipeline, a newly released report shows. Dubai had 64 completed projects and an additional 87 in the works, with Miami trailing behind with 48 completed projects and 55 planned, according to the report from British brokerage Savills. The numbers reveal a diversifying … Read more
Dezer Development landed a $630 million construction loan for the oceanfront Bentley Residences condo project in Sunny Isles Beach, marking the largest financing in South Florida so far this year. New York-based Madison Realty Capital, led by managing principals Brian Shatz, Josh Zegen and Adam Tantleff, is the lender, according to a press release. Berkadia’s … Read more
The lure of luxury is stretching beyond the borders of the United States as more and more Americans are looking abroad for upscale real estate investments—and its driving developers to tap into the market. As the saying goes, “Build it, and they will come.” This has proven to be the case in Dubai, where branded … Read more