Real estate section_LeCITYdeluxeUSA by Le CITY deluxe

Real Estate EDITORIAL EXAMPLES

R E A L ESTAT E

Biography

APR-MAY 2014

Jay Philip Parker is the founding partner at Beloff Parker Jacobs and a real estate entrepreneur. He earned a Juris Doctorate from University of Miami School of Law.Â

While Cash Remains King Lending Environment Continues to Support our Market. TEX Jay PArker / Photo Courtesy of Douglas Elliman

with a financial contingency. In August, 69% of all home sales in South Florida were cash, with a statewide rate of 66% according to data from Realty Trac. Five years ago, near the height of the boom, cash deals were rare, representing just under 20% of all sales, according to the Miami Association of Realtors. Some seller’s agents tell potential buyers taking out mortgages not to even bother placing offers on the homes.

"The surge in cash sales seems counterintuitive, given that mortgage rates are below 5 percent, making financing an attractive option" The surge in cash sales seems counterintuitive, given that mortgage rates are below 5 percent, making financing an attractive option. Appropriately, lenders tend to give the best rates only to people with steady jobs and pristine credit, in

many cases leaving first time homebuyers at a disadvantage. However, the lending environment continues to adapt and further propel the strength of the market. Much of the cash buying in South Florida is from foreigners who view condominiums as safe investments. In the past year, large funds have entered the region, buying single-family homes and renting them out for a year or longer. While it is still cheaper to buy a home than to rent in Miami-Dade and Broward counties, despite the double whammy of sharply rising home prices and mortgage rates, the math advantage of buying is shrinking according to a new housing affordability study by RealtyTrac. However, as lenders continue to loosen to accommodate new homebuyers and as inventory rises, it is expected that sellers will seek to maximize value and not be the victims of holding out for too long and allow for financed deals at higher prices to win out the bids. If you are a buyer in need of financing, it is important that you engage your lender before starting your search so that once you have a property you want to pursue; you are able to do so with a comprehensive pre-approval. Many lenders will issue a pre-approval based upon limited criteria. The responsible Buyer will seek to have their lender conduct a complete review of their creditworthiness so that the time frame for securing a commitment for financing is shortened

APR-MAY 2014

ollowing the collapse of the United States real estate market and the easylending era precedent to the 2007-09 recession, cash rich investors swept in to capitalize on low prices and a complicated lending environment that enhanced the “Cash is King” concept. The depressed South Florida real estate market coupled with the handicapped lending environment created a tremendous opportunity for investors. Early investments in the distressed markets have realized double digit returns as the residential real estate market rebounded. On the flip side, the lending environment has redefined itself resulting in a more calculated and sophisticated underwriting process and historically low interest rates. The result of the more restrictive lending criteria coupled with low inventory, has kept the spotlight on Cash Buyers, eliminating the risks associated with a mortgage contingency. With one of the nation's highest foreclosure rates, South Florida had a large supply of bankowned properties. Lenders were not interested in waiting for traditional buyers to qualify for mortgages, preferring instead to sell to investors paying cash. This realization has virtually shut out entry-level homebuyers. Moreover, traditional sales also deterred the buyers who required financing. The cash buyers were able to secure better pricing, due to the fact that sellers were more inclined to accept an all cash offer versus a contract at a higher purchase price

APR-MAY 2014

Le City Deluxe FEATURED PROPERTIES

1337 N Venetian Way $11,500,000 This waterfront home is a true trophy house on an oversized lot of 12,250 square feet and 70 feet of direct unobstructed bay views. Stunning marble/glass flooring, river-stones in bath areas, Swarovski Chandelier, electronic sheers/ blackouts and the highest quality fixtures. Perfectly manicured and mature landscaping for privacy. There are 5 bedrooms with rainwater showers with an additional 2 social bathrooms. Master features his/hers walk-in closets. Smart house technology by Control 4. Separate guest house and 2 car garage. New IPE outdoor decking along with jet-ski/boat lift. For further information please contact realestate@le-citydeluxe.com

APR-MAY 2014

44 W Rivo Alto Drive $16,495,000 Unique waterfront estate located on the Venetian Islands, walking distance to Sunset Harbor and Lincoln Road. The property is gated, providing complete privacy. Built in 2010 this sophisticated home is fully furnished with European furniture made to measure. Featuring a formal living room, formal dining room, breakfast area, home theater, outdoor grill and dining area and a spectacular kitchen with Gaggenau appliances. Very large master suite located on the second floor leading to a large sun deck balcony. For further information please contact realestate@le-citydeluxe.com

300 S Pointe Drive $14,600,000 This modern three story penthouse at Portofino Towers, boasts a 4,300 square foot interior and 2,200 square foot outdoor living space.This luxurious penthouse in South Beachâ&#x20AC;&#x2122;s most sought after location, has 3 bedrooms and 3.5 baths, along with an office. The rooftop has a covered summer kitchen, lounging areas and jacuzzi. Two story floor to ceiling windows showcase breathtaking views of the ocean, bay, and Miami skyline. The master suite has his/hers steam shower, floating tub and custom closets.

APR-MAY 2014

For further information please contact realestate@le-citydeluxe.com

R 3575 Stewart Avenue $16,900,000 3575 Stewart Avenue is breathtaking as sunrise sparkles into each luxurious feature of this estate built by Matheson in the 1930â&#x20AC;&#x2122;s situated at the end of prestigious Stewart Avenue in Entrada Estates, Coconut Grove. Almost one acre, 440 feet of waterfront including open Biscayne Bay views spanning Coconut Grove, Downtown Miami, South Beach and Key Biscayne skylines. Timeless original, completely renovated in 2009 to boast the greatness of South Florida living at its finest. Main house complete with five bedroom and bath suites, staff quarters, spectacular gourmet kitchen for the chef extraordinaire including four ovens, warming drawers, high capacity refrigerators tastefully allocated throughout, wine cellar, ceiling details and beautiful millwork. For further information please contact realestate@le-citydeluxe.com

9701 Collins Avenue #1101S $10,900,000 A stunning and unique palace in the sky with spectacular ocean, inter coastal and city views. Flawless, contemporary design with an extraordinary custom floor plan. The spacious unit at St. Regis, includes an oversized gourmet kitchen, spacious living and dining rooms. Exquisite finishes throughout. This is the ultimate oceanfront address in the heart of Floridaâ&#x20AC;&#x2122;s most fashionable destination.

For further information please contact realestate@le-citydeluxe.com APR-MAY 2014

H OT E L

Miami Flair Meets European Innovation Fortune International Unveils Jade Signature

APR-MAY 2014

TEXT by Marius Koller

tailored to the surrounding environment, and with Fortune’s reputation for knowing what buyers of this caliber desire, I think we have perfected the elements for an extraordinary oceanfront building.”

“The property’s reveal came as South Florida’s architectural status rose to new levels” To achieve that seamless flow through design on the ground floor, the parking has been designed to go underground.“This is something done across the rest of the world to allow for a full connection to the land and environment of a property, and we wanted to make a commitment to bring that quality experience to the residents at Jade Signature,” says Edgardo Defortuna. “Working with Herzog & de Meuron, we were able to achieve this idyllic design and allow for unobstructed views of lush landscape and direct access to the beach.” These contemporary houses in the sky feature stunning oceanfront views with expansive

terraces, making up an impressive 30 percent of living space. Windows, designed to frame the horizon, reinforce the connection between interior and exterior. Interior design firm PYR, led by PierreYves Rochon, has refined the lobby, common areas and unit interiors. The company gained international prestige for elegant interiors in top luxury residences, spas and hotels, including Four Seasons George V in Paris, The Savoy Hotel in London, Hotel Sacher in Vienna and The Peninsula in Shanghai. “Pierre-Yvves Rochon knows how to bring that resort lifestyle component that we were looking for,” says Ana Cristina Defortuna. Working alongside PYR is the renowned designer Raymond Jungles was commissioned for lush tropical landscaping, shaping Jade Signature as a modern sanctuary from the inside and out. The 57-story building features 192 spacious homes, ranging from 1,400 to 10,500 square feet, with pricing ranging from $2 million to over $26 million. Jade Signature’s six Sky Villas are two stories with double height in the living areas and the two Signature penthouses each boast 360-degree views, 12 foot ceilings and a large terrace pool. Jade Signatures is expected to be complete by 2016

APR-MAY 2014

ortune International unveiled the newest addition to its prestigious collection of Jade appointed buildings with the highly coveted “Jade Signature” on Sunny Isles Beach. Founder and President of Fortune International Edgardo Defortuna assembled a world-class team for his latest creation, combining Pritzker Prizewinning Swiss architecture firm Herzog & de Meuron, Parisian interior design firm PYR led by Pierre-Yves Rochon, and renowned Miamibased landscape architecture firm Raymond Jungles. “We were lucky to get this unbelievable piece of property and we made sure to bring the dream team of professionals to Miami to help us create this architectural masterpiece. Jade Signature, like the city it’s built in, has a lot of glamour to it,” Ana Cristina Defortuna, Executive Vice President of Fortune International told Le CITY deluxe in a recent interview. The property’s reveal came as South Florida’s architectural status rose to new levels. With Herzog & de Meuron, Fortune International brought an outstanding project to Sunny Isles. “We’ve been waiting for the perfect time, location and talent to launch Jade Signature,” says Edgaro Defortuna. “It was our mission to deliver something that the market has never experienced before in Miami, and I think this development reflects exactly that. Herzog & de Meuron never cease to create beautiful designs

JAN 路 FEB 2013

AUTUMN & WINTER 2011

MIAMI

BEACH

Equal Housing Opportunity.

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GREAT HOMES MAKE GREAT MEMORIES. FIND YOURS. Douglas Elliman is built on a proud, 100-year tradition of outstanding leadership in real estate. Combining cuttingedge technology, the most comprehensive research and unique market insights that no other company has, our agents have a singular commitment to guiding our clients in making one of lifeâ&#x20AC;&#x2122;s most important decisions with absolute confidence. Leverage the power behind the most powerful name in real estate. Douglas Elliman. Visit AskElliman.com.

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RREEAALL SSTTAATTEE

www.mkmiamirealestate.com

Marius Koller

JAN 路 FEB 2013

Senior Realtor Associate Majestic Properties

”Buying the American Riviera”

Miami condo prices up 36 percent: (report by “The Real Deal” Publication)

Los precios de apartamentos en Miami crecen hasta un 36%” (Informe "The Real Deal" Publicación).

Looking for a Great Service with Best Results?

Buscando un gran servicio con los mejores resultados?

"La compra de la Riviera Americana" El precio medio de venta de apartamentos en Miami-Dade aumentó un 36,2% en septiembre de 2012 respecto al año anterior, según un informe de la Asociación de Agentes Inmobiliarios de Miami. El precio medio de venta de apartamentos, que ha aumentado en cada uno de los últimos 15 meses, se elevó a 150.000 dólares en septiembre en comparación con el mismo mes de 2011. El precio de la vivienda mediana unifamiliar se incrementó un 8,6%, llegando a los $190.000. "El mercado de bienes raíces de Miami continúa fortaleciéndose a pesar de la escasez de inventario de la vivienda".

JAN · FEB 2013

ARIUS KOLLER of “Majestic Properties,” Founder of “MK Miami Real Estate” and the “MK Team” at Majestic Properties brings a cosmopolitan background to the local real estate market. Raised and educated in Europe, he arrived in the US over a decade ago with an educational background in business and marketing, which combined with practical experience, have brought him respect in the industry. His “Transnational Referral Certification” backed up with fluency in English, German and conversational abilities in French, Italian and Spanish, gives him an extra tool in today's challenging market by consulting with international clients. Marius specializes in commercial and residential real estate, primarily in South Florida, with contacts throughout the state. He works with clients interested in immigrating to the US through investment in approved real estate projects by understanding the complexities of US Government Investment Visas: E2; EB5 and EB54. Majestic Properties has been named fastestgrowing, privately-held, full-service real estate company in the United States by INC. 500 Magazine and is one of South Florida’s largest. Founded in 1995 by Jeff Morr, the company boasts over 200 dynamic sales professionals fluent in over 15 languages

ARIUS KOLLER de "Majestic Properties", fundador de "MK Miami Bienes Raíces" y de " MK Team" en Majestic Properties aporta conocimientos y formación actualizada al mercado inmobiliario local. Formado y educado en Europa, llegó a EE.UU. hace una década con amplios conocimientos académica en negocios y marketing, los cuales ha sabido combinar con experiencia práctica, logrando con ello reconocimiento en de la industria. Su título en “Transnational Referral” es una referencia segura acerca de su fluidez en el ingles y el alemán así como sus habilidades de conversación en francés, italiano y español, las cuales le han otorgado una herramienta adicional Mercado competitivo actual y un plus en el trato y consulta con clientes internacionales. Marius se especializa en bienes raíces comerciales y residenciales, principalmente en el sur de Florida pero con contactos en todo el estado. Trabaja con clientes interesados en emigrar a los EE.UU. a través de la inversión en proyectos inmobiliarios aprobados por la comprensión de las complejidades del Gobierno de EE.UU. Visas de Inversión: E2; EB5 y EB54. La revista INC. 500 ha galardonado a Majestic Properties como la empresa privada con más rápido crecimiento y la ha reconocido por su servicio completo dentro de las compañías de Bienes Raíces de Estados Unidos; además de ser una de las empresa más grandes del Sur de Florida. Fundada en 1995 por Jeff Morr, la compañía cuenta con más de 200 profesionales de ventas y con 15 idiomas a disposición del cliente

The median sales price of condominiums in Miami-Dade County rose 36.2% in September 2012 compared to the previous year, according to a report from the Miami Association of Realtors. The median condo sales price, which has increased for each of the last 15 months, rose to $150,000 in September compared to the same month in 2011. The median single-family home price rose 8.6% to $190,000. “The Miami real estate market continues to strengthen despite the shortage of housing inventory,”

R TEN MUSEUM PARK $1,425,000

This 3 BD / 3 BA PH LOFT features over 2,560 SQ FT of open living space. Dramatic 20 FT high ceilings and one of the sexiest floor plans around. A true modern masterpiece in the sky! White flooring run throughout with walls of glass that enclose the second floor living spaces. Top of the line fixtures and appliances include Sub Zero, Meile, Bosch and Duravit. Stunning 44th level private dipping pool, finished with Bisazza tile, allows you to take advantage of the jaw dropping views. Este 3 BD / 3 BA es un Loft PH de casi 240 metros cuadrados de espacio abierto. Altos techos de 6 metros y uno de los pisos más bonitos de su alrededor. ¡Una verdadera obra de arte en consonancia con el cielo! Suelos blancos en todo el loft y paredes de cristal que enmarcan los espacios vitales de la segunda planta. En la lista de accesorios y productos se incluyen nombres como Sub Zero, Meile, Bosch y Duravit. En el impresionante nivel 44 se encuentra la piscina privada de inmersión, acabada con azulejos de Bisazza desde donde podrá contemplar unas vistas que le dejarán boquiabierto.

Iconic Art Deco Hotel $13,780,000

JAN · FEB 2013

Iconic 64 Rooms Art Deco Hotel with 20 parking space on prime intersection of Collins Avenue and Lincoln Road Location. Additional income generated by Restaurant Lease, Travel Agency Reception Office, and Scooter/Car Rental Desk. 64 bathrooms totally renovated. Excellent and Profitable Investment Property.

Icónico hotel estilo Art Decó con 64 habitaciones y plaza de garaje para 20 coches en la intersección principal de Collins Avenue y Lincoln Road. Goza además de los beneficios generados por el alquiler del Restaurante, una oficina de agencia de viajes, y una de alquiler de motos y coches. El total de las habitaciones posee su baño remodelado. Una excelente inversión en propiedades, de gran rentabilidad.

www.mkmiamirealestate.com

305-942-3131

PRIMP SALON $ 299,000

MASTERPIECE $8,000,000

JAN · FEB 2013

Sun lit modern masterpiece on prime Southeast Intracoastal point lot. Architecturally stunning with 22 foot high ceiling, walls of impact glass, limestone floors, Poggenpohl kitchen and private elevator. Rooftop terrace, 3 car garage with lifts, gorgeous swimming pool, smart house technology, surveillance system, generator and much more.

El sol iluminaba esta moderna obra maestra moderna ubicada en el punto principal de “Southeast Intracoastal”. Arquitectónicamente impresionante, con techos de casi 7 metros, paredes de vidrio de impacto, pisos de piedra caliza, cocina Poggenpohl y ascensor privado. Terraza en la azotea, garaje para 3 coches, ascensores, una piscina preciosa, tecnología domótica, sistema de vigilancia, generador y mucho más…

Primp Salon is a pioneer in the salon and hair extension industry by being one of the first to offer same day 100% human hair extensions and superior salon service. The attention to detail and personal service of this boutique will surpass all previous experiences. The use of salon exclusive products, intimate ambience, and same day service are just a few highlights. Pricing at the Primp Salon is set to be affordable so that guests can enjoy the experience that they deserve. This Listing also would be an ideal Business opportunity for foreigners to obtain an E-2 Investment Visa.

Primp Salon es un Salón pionero en su campo así como en la industria de la extensión del cabello ya que es uno de los primeros en ofrecer en el mismo día un 100%de extensiones de cabello natural y por su servicio superior de peluquería. La atención al detalle y el servicio personalizado de este hotel boutique supera cualquier experiencia anterior. La utilización de productos exclusivos, el ambiente íntimo y el servicio “en el día”, son sólo algunas de sus características. La tasación del Primp Salón es razonable como lo es el hecho que los huéspedes puedan disfrutar de la experiencia que se merecen. Una oportunidad más a la lista de oportunidades de negocio, ideal para ideal para que los extranjeros puedan obtener un E-2 Visa de Inversión.

MIAMI

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THE EASIEST PART OF BUYING A HOME IS FINDING ONE. Douglas Elliman is built on a proud, 100-year tradition of outstanding leadership in real estate. Combining cutting-edge technology, the most comprehensive research and unique market insights that no other company has, our agents have a singular commitment to guiding our clients in making one of lifeâ&#x20AC;&#x2122;s most important decisions with absolute confidence. Leverage the power behind the most powerful name in real estate. Douglas Elliman. Visit AskElliman.com.

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R E A L ESTAT E

The Miami Beach Edition

Vision of The Future The Rise of Miami's Luxury Developments Text by Marius Koller & Garrett Booker

FEB-MAR 2014

eet some incredible new developments that will soon grace Miami’s skyline. Ian Schrager presents 26 One-of-a-Kind Residence -the The Miami Beach EDITION. He is back in Miami Beach for the first time in 17 years since the launch of his game-changing Delano hotel.Delano ushered in a new modern era and rebooted Miami Beach as a top resort destination. It was the first new hotel to come along since the 60’s, and it was truly groundbreaking. It attracted those who had previously abandoned Miami Beach for more exciting vacation locales. Miami Beach is no longer simply a resort destination, but is fast becoming a bonified, world-class, international city with its vibrant art scene,first-rate architecture and cultural institutions attracting global citizens from all around the world. This time Schrager introduces residential Miami living— homes fit perfectly global citizens. These 26 limited edition residences set themselves apart from anything else in Miami Beach and are the most unique and distinct spaces in all of South Florida. ”There is simply nothing else like them currently in the marketplace. We tried to capture the details of life in the details of the architecture,” says Schrager. All with commanding panoramic views, each of these sophisticated and stylish “Homes in the Sky”is a one-of-a-kind, custom one-off and different from the other. Designed by world-renown

architect John Pawson, the residences will sit on the top floors of the existing, landmarked 1950s building that will be the Miami Beach EDITION hotel, as well as in an adjacent, newly constructed 18-story tower.

"It’s the art of living not the job of living" Dedicated to the “Good Life”, The Residences offer the best of all worlds: the privacy and individuality of a custom, one-of-a-kind home; the benefit of ownership; and exclusive access to all the services, privileges and amenities of a unique world-class urban resort, including a myriad of exciting and dynamic food, beverage and entertainment options. Although part of The Miami Beach EDITION, The Residences will have their own dedicated private entrance as well as an anonymous “celebrity”entrance, for ultimate privacy. Taking into consideration that people come to Miami to be outside, the outdoor spaces at The Residences are finally done correctly and are not merely an afterthought. Expansive “Outdoor Rooms” invite effortless continuity between indoor and outdoor living. Gardens literally in the sky are akin to those found in private residential

homes. These extraordinary outdoor spaces feature private lap pools and plunge pools, outdoor kitchens, dining areas, fireplaces and pergolas designed by John Pawson. There is enough space for a private outdoor gym or to enjoy yoga, along with soaring panoramic views of both the ocean and the bay—you feel as if you are standing on the deck of a ship. Pawson uses an unparalleled level of finishes and details to create interiors of maximum comfort, functionality and aesthetic pleasure. Generous living areas are light filled with floor-to-ceiling windows and bleached teak wood flooring throughout, including the balconies and terraces. Each residence has Pawson’s magic touch with custom designed, open Bulthaup kitchens with islands as well as master bathrooms with Italian white onyx translucent screens and custom-cast integral concrete bathtubs and sinks. “It’s the art of living not the job of living.“ These unique homes, dedicated to the “Good Life”, offer all the benefits of ownership, the services and amenities of a world-class urban resort,and a completely managed household without the bother of managing it or the full expense of maintaining it. Schrager continues to exceed expectations by recognizing what residents want and need before they even know it themselves— a home with the work taken out of it, ideal for resort living

Faena House Miami Beach It’s the tower that could change a whole strip of Miami Beach. Underway on the waterfront at 3201 Collins Avenue, Faena House is designed by architects Foster + Partners to resemble “a towering ship at sea”. With balconies functioning like hallways to connect the rooms from the outside. Glass is everywhere and all but uninterrupted, with plans calling for sliding glass doors -- built to hurricane code, mind you -- as astonishingly wide as 12.5 feet. One to five bedrooms, each featuring panoramic oceanfront views will be included within the

Faena House. Three penthouses are now being offered, each comprised of an entire floor with encompassing outdoor space, private interior elevator, outdoor pool, over 8,000 square feet of interior living space and more than 7,000 square feet of outdoors. The interior and exterior views of this Miami high rise are enhanced by the amenities Faena has to offer. From the five-star concierge to the beachfront cabana service, Faena’s staff enriches luxurious living

FEB-MAR 2014

Regalia An innovative development on a prime oceanfront acreage will afford immediate ocean access, while on the second level an infinity-edge pool, a cool dipping pool, and a Jacuzzi are complemented by intimate cabanas nestled in dune-like screens surrounded by Native Florida plantings. This architectural masterpiece epitomizes gracious and luxurious living on the ocean’s edge. The unique flowing “organic”shape of this 47-story condominium tower appears to have been shaped by the oceans waves and wind. The Regalia Miami is a work of art, in its own right. -Northern Edge of Sunny Isles Beach -80% Reserved as of December 2013 -Price Range: $7.5 million to 9.5 million

400 Sunny Isles

FEB-MAR 2014

Key International-developer of The Ivy and Mint – has envisioned 400 Sunny Isles condominiums as a full-service luxury development that surpasses expectations. Two 20-story glass towers designed by Chad Oppenheim, has developed signature facades reminiscent of ever-fascinating mandalas. The Sandbox, provides 400 Sunny Isles with its own yacht and beach-club lounge. A T-shaped infinity pool with a cascading edge submerged aqua beds and swim-up bar services. Two clay tennis courts, saunas, steam rooms, and waterfall Jacuzzis along side a Rejuvenation Center

Brickell City Centre The Brickell City Centre is a $1.05 billion shopping and mixed-use project that will span four block t the west of Brickell Avenue and to the South of the Miami River. The project is being developed by Swire Properties Inc. and will include a department store, luxury shops, restaurants, hotel, office spaces, and condominiums. On July 15, 2013, it was announced that Swire Properties had purchased for just over $64 million an adjacent site at 700 Brickell Avenue in Miami, formerly the headquarters of Northern Trust Bank. In September 2013, a proposal was announced for an 80-story tower, called One Brickell City Centre

Resorts World Miami Malaysian resort conglomerate Genting Group presents Resorts World Miami, which is a major development, proposed for the Omni District of Downtown Miami scaling at 10 million square foot and at an estimated cost of $4 billion. This construction will be considered one of the largest developments in the history of Florida. The structure will include a large eight-story podium and stylized skyscrapers that are inspired by Miami’s own natural beauty of the Coral Reefs. It will include the site of the Miami Herald & El Nuevo headquarters buildings, bars and nightclubs, a luxury galleria consisting of vast amounts of retail, entertainment, and convention space. It will also consist of condominium towers and one of the largest lagoon swimming pools in the world. The Malaysian resort Genting Group might be willing to scale back its plan to build the world’s largest casino within the resort if they can at least have a resort with slot machines. They Genting Group would form a four-way partnership that would allow them to use a permit owned by Gulfstream Park racetrack to open a casino. The development will allow Miami to compete with the big boys, which includes the likes of New York City, Chicago, Los Angeles and Las Vegas. It will turn Miami into a first-rate city almost overnight and have a profound effect on property values as a result FEB-MAR 2014

FEB-MAR 2014

Jay Philip Parker

Is South Florida Blowing up a Real Estate Bubble or are we in for a Smooth Ride?

TEX Jay PArker / Photo Courtesy of Douglas Elliman

simply by making application and signing on the dotted line. The "no doc" loan and a variety of other predatory loan products allowed funding for buyers who otherwise could not afford the real estate. Similarly, those borrowers who could afford the loan secured such high leverage, that when the bubble burst, there was simply little justification to close on the property - or in many cases to continue to pay the mortgages once values sank to their lows. The power punch of low deposits and high leverage loans to anyone who wanted resulted in the real estate market crash.

"New construction projects like Faena, Edition, and Park Grove have raised the bar for luxury" Today, a mere six years after the crash, the excess inventory has been sold, values have regained their pre-recession values and in many cases have exceeded those values. New construction projects like Faena, Edition, and Park Grove have raised the bar for luxury, and in line with the new luxury, prices have exceeded $3000 per foot and yet amazingly still appear as a significant discount from other major metropolitan cities like NY, London, Shaghi, and others. Some international markets followed the United States economic downturn and unfortunately have seen a slower recovery. The weakness in the international markets,depressed currencies in Bra-

zil, Europe, and Asia, have led many investors to look to the U.S. and in many cases South Florida, as a healthy and safe market for investment and a hedge against their markets¹ currency crisis. Taxes in some states are making South Florida more and more compelling. In fact, South Florida is benefitting from a significant transfer of wealth from the NY metropolitan area. The savings of no state income tax, lower sales tax, the cost of real estate, private schools and rental costs for commercial space, combined with the exciting explosion of the art, culture, restaurants and community, not to mention the weather, have created a significant flow of wealthy New Yorkers calling south Florida Home. Today’s market is very different than the market the led us to the bust. Today’s developers are seeking significant deposits, which in many cases are 50% of the purchase price. The developers are seasoned professionals who build well, build fast and know that they are being held to a higher standard when designing and finishing their product. Lenders are back, but today¹s lending environment is appropriately guided by underwriting guidelines that protect consumers while at the same time ensuring that loans are granted based upon both assets and income. Buyers are increasingly recognizing South Florida as a great second home location, a good investment market and a great place to live. From Art Basel, to the Perez Art Museum, the New World Symphony to the Frost Museum of Science, South Florida offers it all, and our skylines will ultimately reflect the same character, sophistication and elegance that its residents posses. Today, South Florida is "the place to be", and so I say "build it and they will come." As the CEO of Douglas Elliman Florida, we have been ramping up our team to continue to grow with the South Florida Real Estate Market and we see sunny skies in our future

FEB-MAR 2014

see a smooth ride and a long road ahead of us before we enter into a traditional downward cycle. The Great Recession was the culmination of the Perfect Economic Storm. Never before in U.S. History have we seen the simultaneous collapse of the banking, automotive and real estate industries coupled with the complete meltdown of our country’s largest financial institutions. When people talk about a real estate market, we typically hear the concept of cycles. In fact, while over the long term real estate has continued to appreciate in value, there have been many cycles throughout our history where real estate values dropped, in some cases more rapidly and aggressively than others. Eventually, at different paces, values recover and the long term growth trajectory resumes. Cyclic activity is normal and in part serves for a correction of the market, creating opportunities for investors, lowering the bar for new home buyers, and serves as a mechanism to halt seemingly unreasonable appreciation. When the South Florida Real Estate Market imploded in 2007/08, we saw the values of new construction and the single family home market plummet by almost 75% in extremely hard hit segments of the market. South Florida experienced a new development boom where developers sought extremely low deposits with the expectation that the lending environment would stand behind the buyers to make up the balance of the purchase price. Lenders were haphazard in virtually every aspect of the borrower qualification process. It's hard to imagine the concept of “no doc” loans (loans granted without a borrower having to provide documentation to evidence their ability to actually pay the loan back), but in fact "no doc" loans were a common instrument during the South Florida Real Estate Boom. Anyone with a reasonably good credit score could secure a loan of 95% of the purchase price,

Artefacto $25 Million Masterpiece

FEB-MAR 2014

"Our customers want great design, the finest materials, and impeccable craftsmanship"

making their client’s vision top priority. Brodson’s reputation in luxury residential construction is second to none in South Florida. Miami’s most sought-after residential neighborhoods are decorated with Brodson Construction homes. The company focuses on building spectacular, unique projects specific to their client’s specifications, achieving accolades from well known local residents like Cher and Robert Zarco. Brodsky's company, Brodson Construction, is co-developing with Sergio Rok, who's acclaimed for high-profile business dealings in Miami's real estate and banking sectors. Brodsky has executed the interiors of luxury retailers at Bal Harbour Shops and Village of Merrick Park, including Harry Winston, Louis Vuitton, Piaget, and Tory Burch. The contemporary designs, understated elegance, and superb quality of Artefacto have made it a badge of taste among affluent Brazilians, many of whom have homes in Miami, and for buyers from around the world. Broker Nelson Gonzalez of EWM is marketing the furnished property for $25 million. “Buyers are delighted when they walk into a home that totally reflects the way they envision themselves living,” Gonzalez says. “This branded residence represents turnkey perfection, from location and concept, through every element of design and craftsmanship.”

FEB-MAR 2014

arry Brodsky is known for building the elegant interiors of top-tier luxury retailers, as well as lavish custom homes for the patrons of those same boutiques. Leveraging the power of top-tier branding,Brodsky and Artefacto's Paulo Bacchi have collaborated on a spectacular waterfront residence at 2068 North Bay Road in Miami Beach. "Villa Artefacto," the just completed 12,000-square-foot, two-story home on 100 feet of waterfront, is a logical step for Bacchi, who knows the value that an integrated concept adds to a branded home.His Brazilian-designed model residences have helped fuel the sales of many of Miami’s most impressive and pricey condominium projects. “We know our market and we know our customers,” says Bacchi. “They want great design, the finest materials, and impeccable craftsmanship. That is why Barry and I believe they will respond positively to this extraordinary property.” Barry Brodsky founded Brodson Construction in 1989 in Miami Florida, naming the company after his grandfather’s New York based general construction firm decades earlier. Currently enjoying its 20th year in the construction industry, Brodson has earned an incredible reputation both locally and nationally for the ability to execute extraordinary precision and detail on projects while

One Thousand Museum

by Zaha Hadid Architects Come To Miami

FEB-MAR 2014

iami’s One Thousand Museum by Zaha Hadid Architects marks the Pritzker Prize winning architect’s first skyscraper design in the Western Hemisphere. Zaha Mohammad Hadid is an Iraqi-British architect. She received the Pritzker Architecture Prize in 2004—the first woman to do so—and the Stirling Prize in 2010 and 2011. Her buildings are distinctively futuristic, characterized by the powerful, curving forms of her elongated structures with multiple perspective points and fragmented geometry to evoke the chaos of modern life.With her name on the project and iconic design in the center of downtown Miami’s skyline, the tower will be the catalyst that shifts the center of gravity for high design and luxury residences to Downtown Miami. Overlooking Museum Park and Biscayne Bay, One Thousand Museum offers an unmatched standard of luxury living within Miami’s cultural nucleus, located directly across the street from the new Pérez Art Museum Miami,

which opened in December of last year, and the new Frost Museum of Science following, as well as the Adrienne Arsht Center for the Performing Arts one block north and American Airlines Arena a block to the south. Develo-

"The tower will be the catalyst that shifts the center of gravity for high design and luxury" ped by Louis Birdman and Gregg Covin with sales & marketing headed by ONE Sotheby’s International Realty, One Thousand Museum’s unprecedented fusion of art, architecture, design, location and luxury will make it Miami’s most coveted address

FEB-MAR 2014

Passion & Exclusivity Interview with Engel and Völkers

Jose Luis Bueno

Interview by Claudia Trimde

FEB-MAR 2014

ngel & Völkers is one of the world’s leading service companies in the provision of high quality residential and commercial real estate and yachts in the premium segment. With its licensing system and the 4,200 employees in 38 countries Engel & Völkers is the only German company among the top 100 franchise companies in the world. Le CITY deluxe sat down for an interview with Engel & Völkers Miami’s Managing Partner Jose Luis Bueno to speak about Miami’s booming real estate market and luxury real estate of South Florida. You are a Latino, and you decided to take on a German franchise. How does that work? Why did you decide to open Engel and Völkers in 2010? I started in the real estate industry as an investor in 2001. I was involved in developing single-family homes in the Southern part of Miami. Particularly in Homestead and Palmetto Bay. Then we went to the Gulf Coast as well and built single family homes there. During that time, we did very well financially

we have about a million and a half of active clients within the network. What is an active client? Active client is an individual that is currently seeking to buy or sell properties within the last six months. So that’s a huge database. And Mi-

“A lot of people find comfort in dealing with an internationally acclaimed firm” ami in the last ten years became so connected internationally. Miami is a top 3 destinations to own the properties in. How many residential listings do you have right now?

In terms of number of listing we probably have 100. And Commercial? We haven’t done too much commercial work in the U.S. We are still making more changes to add more value to that section of the real estate industry here. Last year we did about $80 million dollars in commercial transaction volumes, a very good year overall hitting the $300 million mark-and that was just in my offices. Engel and Völkers wouldn't just take any listing. What are your guidelines? Our guidelines are that we don’t take anything below a million. But to be honest, it is hard to abide by those rules in the beginning. There are clients that have houses and condos for $600,000 that are very reputable. So who is to say that a property under a million is not good. So we try to work it out. There’s not a policy written in Engel and Völkers that we can’t take it. We want to be perceived as a highend brand. It’s more about who our client is and not just the target price

FEB-MAR 2014

because of the real estate boom, and everything that we built was sold even prior to construction. So I became very intrigued by the real estate, although my background is in marketing. Once the real estate market crashed, I went on a tour to different parts of the country, and that’s where I learned about Engel and Völkers. Their office in the Hamptons caught my eye and then I remembered the brand from Europe. I realized that it’s not just a local brand so I set up and interview. They were looking for partners in South Florida. We put an offer on the table, and we convinced them, made the commitment and acquired the license for the whole territory from Bal Harbour to Deering Bay. Being in Miami and doing the business in this industry was an automatic choice for me. Such internationally well-known brand like Engel and Völkers must bring some comfort to your clients. We have a lot of people who find comfort in dealing with an internationally acclaimed firm. There is a lot of brand recognition. We have about 5,000 agents in our company and

Le City Deluxe FEATURED PROPERTIES

7550 Bayside Lane $ 1,975,000Â Highly Rare & Coveted Point Lot with spectacular water and sunset views from every room! 300+ feet of water front in ultra private boaters paradise. Enjoy long water views from your heated salt-water pool and spa. New 50 ft. deep water dock with no fixedbridges and easy ocean access. Bright modern and low-mainteance.Home boasts mature mango trees, hurricane impact windows and doors, Hunter Douglas window treatments, phantom screens on all french doors, air-jet tub, stainless & granite kitchen.

FEB-MAR 2014

For further information please contact realestate@le-citydeluxe.com Photography by www.FreirePhotography.com

R Luxury Condominium at Four Seasons Residences in Brickell $21,950,000 Located at Miami’s finest address, this Four Seasons 5 Beds and 6 Baths mansion in the sky, offers extraordinary attention to detail, stunning panoramic vistas, and luxurious resort amenities. Perfectly perched on the 54th floor, this 8,911 square foot residence features 10’ floor-to-ceiling glass walls, two private elevators, magnificent corner living and dining rooms, restaurant-grade chefs kitchen, soundproof home theater with plush seating, spa, billiards room, 3 balconies, climate controlled wine storage for 1,800 bottles, home automation by Smart Home Designer, housekeeper’s suite, five deeded parking spaces, and more. Among the many meticulous details and sophisticated design elements are hand-laid, mosaic tumbled marble, leather herringbone flooring, Tai Ping silk carpet, and built-in custom designed furniture by Dakota Jackson. For further information please contact realestate@le-citydeluxe.com

Luxury Condominium at Icon, Miami Beach $2,295,000 This waterfront two bedroom, two and a half bathroom residence is in the coveted South of Fifth building Icon South Beach. The residences clean, minimalist design includes a European kitchen with Miele and SubZero appliances, floor-to-ceiling windows and an oversized terrace offering expansive views of the ocean and Government Cut. The Philippe Starck designed building has a fitness center, spa and pool, doorman, concierge, and valet.

FEB-MAR 2014

For further information please contact realestate@le-citydeluxe.com

Townhouse at Murano Grande $1,195,000 Rare to the market! This stunning Murano Grande splitlevel, waterfront townhome features a gracious layout with exquisite views of the bay and marina! Impeccably designed with custom fixtures, finishes and hardwood floors - this home offers the privacy of a single-family home, with the amenities of a world-class condo. An assigned parking space is strategically located directly outside of the unit - offering unmatched convenience and privacy. The property is zoned live/work. For further information please contact realestate@le-citydeluxe.com

Unit at St. Regis, 9701 Collins Avenue, $11,500,000

FEB-MAR 2014

Beachfront 4 bed/5 bath St Regis masterpiece by Alison Antrobus! This sought after one of a kind Mayfair unit is 3,912 square feet with an enormous 1,255 square feet balcony for a total of 5,167 square feet. Only the highest quality materials were used in construction and furnishing. This is a smart home that gives the owner full ambiance control including lighting, shades and HVAC controls. This unit is fully furnished and being sold turnkey.

For further information please contact realestate@le-citydeluxe.com

MICHAEL CAPPONI

Capponi’s recent development project Flamingo Residence

From Nightlife to Haute Life Interview with the President of Capponi Group

Interview by Lera Gavin

are of equal importance and are all intertwined. Some of the businesses may obviously generate different levels of income but all exist because of each other. It is nightlife and events that allow me to not only entertain the town but also to get to know everyone. It is development that lets me be creative and also involves me in revitalizing our beautiful Miami homes. These two main careers

"It is development that lets me be creative and also involves me in revitalizing our beautiful Miami” are also the reason why I am able to go to for example Haiti 70 times since the earthquake and help others. If it weren't for the ability to have city wide support and financial support too it would be very difficult to continually give aide and help to others. Our basic business model is similar to Virgin’s: ‘Create amazing companies and do the best you can in making the world better each day at a time by sharing and not only receiving.’

Are you working on any development projects in Haiti? I am only focused on my humanitarian efforts in Haiti now and not building anything there other than schools for now. I am also very involved with our community charities such as Miami Rescue Mission, Make-a-Wish Foundation and many others. What is your vision for Miami and Miami Beach? I have great faith and hope for Miami long term. I believe we will be the New York of the South East and every day we become closer to becoming one of the greatest cities in America. What do you think is an up-and-coming area of Miami that we should have a close watch on? I think that the area south of the Fontainebleau to the W hotel will all get filled in and that will be the new hot zone.This area will have Ian Schrager’s Edition, Beach House 8, Faena. Moreover, there will be so many great new restaurants in the area that it will be like the new south of 5th street area. It will also give new importance to residential neighborhoods like Flamingo and Pine Tree, similarly to how the Purdy avenue developments gave new life to Sunset Islands 3, 4 and the Venetians

FEB-MAR 2014

n the early 90s Michael Capponi was the most celebrated party promoter on the beach. Even to this day, invitation to his parties are considered the hot-ticket item among the local trend-setters. However, Michael Capponi’s notoriety in Miami goes beyond haute functions. He is also a successful real estate developer and a noted philanthropist. Recently, Le CITY deluxe sat down for an interview with the famed CEO of Capponi group to find out about his vision for Miami and learn more about his charity work. In your early years you started working in Miami’s nightlife scene, how did your interest shift towards real estate development? Since I was a young promoter I was always intrigued by architecture and design. I remember Sylvester Stallone coming to my apartment when I was 20 years old at South Pointe towers and saying: “Wow, I've never seen a 20 year old with a place like this before.” I guess we’re all embedded with certain qualities and attributes. Mine were organizing events for large masses of people and creating beautiful homes and destinations for people to enjoy. What is Capponi Group’s main focus? I believe all the interests of Capponi Group

R E A L ESTAT E

The Heat is On Miami Real Estate Market

DEC- JAN 2013/14

Text Marius Koller // Photography Alexander BernoldÂ

n the global real estate stage, the spotlight is set on Miami. Experiencing record high sales and dramatic price increases, the real estate in South Florida’s Magic City has surpassed its pre-recession, condo boom days. With a myriad of development projects breaking ground across Greater Miami, the lack of inventory on the Miami Real Estate market has expedited the sales of remaining luxury condominiums in South Beach, Sunny Isles, and Brickell. Increased Demand for Homes and Condos while Median Prices Soared by Double Digits Following record breaking sales activity for nearly three years, the Miami real estate market saw unprecedented growth in the third quarter of 2013 as demand for local real estate and limited supply continue to fuel double-digit growth in prices.

Median and Average Sales Prices Continue to Rise In the third quarter, the median sales price for homes in Miami-Dade County was $230,000, an increase of 21.3% compared to last year and 12% relative to the previous quarter. The median sales price for condos rose 26.6% to $183,600 in the third quarter compared to the second quarter of 2013.Third quarter price increases mark seven (7) quarters of increases for both single-family homes and condominiums. In addition, compared to last year, the average sales prices for single-family homes and condominiums increased 8.1% to $381,517 and 19.3% to $329,418, respectively. “Despite more new listings coming on the market, supply remains tight, particularly for properties in lower price points, for current level of demand for Miami properties. Nationally, the median sales price of existing single-family homes was $207,300 in the third quarter, up 12.5 percent from the third quarter of

2012. The national median sales price for condominiums was $205,400, a 15.1 percent increase over the previous year. The statewide median sales price for singlefamily existing homes in the third quarter was $175,000, up 18.6 percent from the same quarter a year ago.The median sales price for condominiums in Florida was up 23.8 percent compared to the same quarter last year at $130,000. Percentage of Cash Sales Declines In the third quarter, 59.3 percent of closed sales were all cash compared to 63.3 percent a year ago. All cash sales were 45 percent of single-family home closings and 71 percent of all condominium sales. Since nearly 90 percent of foreign buyers pay cash, this reflects Miami’s position as a top market for foreign buyers. Miami has a significant percentage of international buyers, generating many more cash transactions than the national average. Home Inventory Moving Rapidly Despite More New Listings Homes were sold much faster during the third quarter of 2013 compared to the previous year.The median duration of a home listing during the last quarter was 37 days compared to 43 days during the same period last year, a significant decrease of 14%. Meanwhile, condo listing durations were comparable to 2012 figures at a median of 46 days compared to 43 last year. Total third quarter active listings in MiamiDade County totaled 14,273, representing an increase of 14.2 percent. At the current sales pace, this reflects 4.9 months of inventory for single-family homes and 6.3 for condominiums. Months supply of inventory declined 12.5 percent for single-family homes and increased 11 percent for condominiums compared to the third quarter of 2012. For Feedback please contact: marius.koller@le-citydeluxe.com

DEC- JAN 2013/14

Sales, Listings of Homes and Condos Grew There were 8,027 homes and condos sold in Miami-Dade County during the third quarter of 2013. This represented a significant 21.2% and 8.7% increase in the sales of homes and condos, respectively, compared with the same period in 2012. The growth in home sales was driven by a remarkable 89.5% increase in home sales $250,000 to $299,999 and a 67.7% growth in sales $600,000 to $999,999 when compared to the same time in 2012. Meanwhile, condo sales were driven by the 50.8% growth in condo sales $250,000 to $299,999 and a similar surge of 46.9% in condos $400,000 - $599,999 relative to the third quarter of last year. “The surge in sales of Miami homes and condos is driven by a robust demand for real estate from international buyers from worldwide markets – and large numbers of U. S. buyers from other states,” Nationally, total existing-home sales, including

single-family and condos, rose 5.9 percent to a seasonally adjusted annual rate of 5.36 million in the third quarter from 5.06 million in the second quarter,and were 13 percent above the 4.74 million pace during the third quarter of 2012, according to the National Association of Realtors. Statewide closed sales of existing single-family homes totaled 60,661 in the third quarter, up 17.3 percent compared to the year-ago figure, according to the latest housing data release by Florida Realtors. Closed sales of condominiums totaled 27,200, up 11.3 percent compared to 2012. Home and condo listings also grew by double digits in the third quarter. There were 5,937 new single-family home listings during Q3, a growth of 15.3% relative to the same period last year. Meanwhile,new condo listings were stronger with an increase of 20.5% from 6,872 in Q3 2012 to 8,282 this year.

Le City Deluxe FEATURED PROPERTIES

Penthouse at Bentley Bay $20,000,000 Bentley Bay Penthouse is the cream of the crop of condos. The award winning property is a Â 2-level unit that has 5 bedrooms, 5 bathrooms, and an astounding 6,000 square feet of living space, making it a veritable palace in the sky that is by far one of the largest on the market. The entire 23rd floor is part of your personal space, with a private entrance to ensure the utmost security and seclusion. The penthouse is fully automated by Smart Home Designer and includes state-of-the-art 20 foot LED wall, DJ Booth, Nightclub Sound-system, and video projectorsÂ .

DEC- JAN 2013/14

For further information please contact realestate@le-citydeluxe.com

Penthouse at SetaiÂ $11,900,000 Largest 5 bedroom unit with 360 degree breathtaking views from 36th floor. Custom kitchen cabinets and closets. All bedrooms, living room, dining and wet bar with thin LED TVs. Remote controlled shades in both master bedroom, kitchen. LED ambiance lights installed though out the unit.Â For further information please contact realestate@le-citydeluxe.com

DEC- JAN 2013/14

135 Palm Avenue $10,500,000 Exclusive Palm Island masterpiece by world renowned architect Charles Harrison Pawley. Main house boasts 6 bedrooms and 6 baths, including 3 master suites, soaring wood coffered ceilings, gas fireplace, marble floors, entertainment, wet bar, wine cooler, gourmet kitchen. Separate 1/1 guesthouse.Â

DEC- JAN 2013/14

For further information please contact realestate@le-citydeluxe.com

10 Venetian Way Penthouse $3,718,000

For further information please contact realestate@le-citydeluxe.com

DEC- JAN 2013/14

Ultra modern penthouse located on Venetian Causeway. If you are looking for high ceilings, 360 degree views to the Bay & City Skyline & a loft-like feel, then welcome home to this unbelievable 2 story PH Duplex. Walk to Lincoln Road & restaurants, this condo is currently configured as a 2 bed + media room. 22' ceilings, 2 terraces, & custom finishes including Mia Cucina Italian kitchen, Wet Bar & Surround Stereo System. The master suite features sitting area, a master spa bath & two huge walk-in master closets.

Biography

DEC- JAN 2013/14

Jay Philip Parker is the founding partner at Beloff Parker Jacobs and a real estate entrepreneur. He earned a Juris Doctorate from University of Miami School of Law.Â

R E A L ESTAT E

Real Estate For High Rollers

SEPT-OCT 2013

ThE RiSE Of MiAMi’S LuxuRy REAL ESTATE

“The Miami real estate market is experiencing comprehensive strengthening fueled by robust demand and limited supply”

Miami Market Trends Prices of single family homes in Miami have surged with the market overall seeing price growth for 16 months in a row, the latest data from the Miami Association of Realtors shows. The median sales price of single family homes have increased by 25.1% to $225,000 year on year and in March prices were up 16% on February, the highest percentage increase for the median sales price of single family homes since the height of the previous real estate boom in 2005. The median sales price of condominiums, which has significantly increased each of the last 21 months, rose 19.3% to $167,000 compared to a year earlier and 1.2% compared to the previous month

the Miami Association of Realtors. Koller’s and Luik’s timing to launch a high-end real estate firm catering to the world’s high rollers, couldn’t have been better. German born, Koller who graduated from the top business and marketing school in Munich, arrived to the United States over a decade ago. Closing hundreds of transactions backed by “Transnational Referral Certification”, Koller quickly became one of the most respected realtors in South Florida. Koller’s European background gave him a great advantage in today’s challenging real estate market, as he was effortlessly able to bring in the affluent property buyers from Europe. His partner’s background and experience in high-end real estate is equally impressive. Jaana Luik has participated in the brokerage aspect of successful deals with industry leaders such as Benihana, Morton’s Steakhouse and Season’s 52 in the US and represented the international expansion of celebrity chef Jamie Oliver, industry icon Trader Vic’s and the most recorded artist in music history, Asha Bhosle. As Marius and Jaana embark on opening up the boutique real estate division Deluxe Realty Partners LLC, Koller’s team will continue maintaining the cosmopolitan feel to the local residential real estate market. Managing a team of successful agents, would be Meryl Hersh, Koller’s long-time partner and the co-founder of Global Assets Consulting LLC who is currently in charge of the residential division

SEPT-OCT 2013

arius Koller, the founder of MK Miami Real Estate at the Majestic Properties, is in the works of starting a boutique real estate division Deluxe Realty Partners LLC, with Miami’s real estate maven Jaana Luik. Having tremendous experience in the real estate market, Jaana and Marius are taking real estate and asset management industry to the new heights. Jaana and Marius the founders of Global Assets Consulting LLC, distinguished themselves from the rest of the professionals in South Florida’s real estate trade. For years they have been proving providing asset management, marketing, investment capital and financial advisory services to clients worldwide in the real estate, corporate and public finance sectors. In addition, they offer the option to bid on over 50 nationwide off market properties between $5300 million US dollars (office buildings, strip malls, hotels, multi-family, etc). GAC LLC also has a wholesale program for performing notes (ranging from 65 cents to the dollar) and nonperforming notes (starting from 25 cents to the dollar) with national bank. However, their main goal is to build a long-lasting relationship with their clients. Both Jaana and Marius are strong believers that the biggest gain comes from the trust of their clients. South Florida’s luxury real estate market is on the rapid rise. “The Miami real estate market is experiencing comprehensive strengthening fueled by robust demand and limited supply,” says Natascha Tello, chairman of the board of

R TEN MuSEuM pARK $1,425,000 This 3 BD / 3 BA PH LOFT features over 2,560 SQ FT of open living space. Dramatic 20 FT high ceilings and one of the sexiest floor plans around. A true modern masterpiece in the sky! White flooring run throughout with walls of glass that enclose the second floor living spaces. Top of the line fixtures and appliances include Sub Zero, Meile, Bosch and Duravit. Stunning 44th level private dipping pool, finished with Bisazza tile, allows you to take advantage of the jaw dropping views. Este 3 BD / 3 BA es un Loft PH de casi 240 metros cuadrados de espacio abierto. Altos techos de 6 metros y uno de los pisos más bonitos de su alrededor. ¡Una verdadera obra de arte en consonancia con el cielo! Suelos blancos en todo el loft y paredes de cristal que enmarcan los espacios vitales de la segunda planta. En la lista de accesorios y productos se incluyen nombres como Sub Zero, Meile, Bosch y Duravit. En el impresionante nivel 44 se encuentra la piscina privada de inmersión, acabada con azulejos de Bisazza desde donde podrá contemplar unas vistas que le dejarán boquiabierto.

iCoNiC ART DECo hoTEL $13,780,000

JAN · FEB 2013

www.mkmiamirealestate.com

305-942-3131

pRiMp SALoN $ 299,000

MASTERpiECE $8,000,000

JAN · FEB 2013

Le City Deluxe Exclusive Listing

$2,850,000

odern two story waterfront in prestigious Bay Harbor Islands. This one of a kind property is designed in contemporary style by Miami’s most prominent interior designers, Kobi Karp. This piece of luxurious real estate features 24 foot ceilings in an open floor plan. The floors are done with white Italian marble, which lights up the rooms in natural lighting. You can enjoy the wonderful water views from four custom wave balconies. There are total of 3 suites and 6 baths, study/office with wood library and wet bar, guest or maid’s room with separate entrance, and steam rooms. Outside, you’ll find a tropical salt water pool and Jacuzzi, 75' water frontage. Owner financing available!

SEPT-OCT 2013

For further information, please contact realestate@le-citydeluxe.com

SEPT-OCT 2013