Blog

SFBJ hosts Breakfast with the Business Journal in Miami’s Brickell and M2E was there

posted on Monday, June 26th, 2017 by Marketing Director

The South Florida Business Journal on Thursday hosted nearly 90 area professionals at a morning networking event at its Miami office in the Brickell financial district.

SFBJ Senior Reporter Brian Bandell also provided an overview of Miami-Dade County’s real estate market and highlighted many of the big developments he has written about as part of his Crane Watch project.

See more here

M2E client, Lennar reports lower earnings, higher revenues in Q2

posted on Thursday, June 22nd, 2017 by Marketing Director

The company reported lower earnings, but still exceeded analyst expectations

Lennar, the nation’s second largest homebuilder behind D.R. Horton, announced 8,898 home orders at the end of May. Lennar broke ground at the end of April on its 552-home Parkland Bay development in Broward County.

Read more here

M2E client, Paramount Miami Worldcenter Out Of The Podium

posted on Tuesday, June 20th, 2017 by Marketing Director

Paramount Miami Worldcenter has passed the podium level:

See more here

M2E client, Greenberg Traurig Expands Its Real Estate Practice With Hire of 3 Florida Lawyers

posted on Monday, June 19th, 2017 by Marketing Director

Greenberg Traurig has expanded its real estate practice with the hire of three attorneys in Florida.

Former Stearns Weaver Miller Weissler Alhadeff & Sitterson lawyer Marina Ross has joined the firm as a partner.

Her clients include Rescore Corp., a real estate investment trust, Encore Housing Opportunity Fund II, a privately held real estate investment fund, and Miami Worldcenter Associates.

Read more here

Fortune International and two M2E clients, Related team with Lennar subsidiary to launch lending firm

posted on Thursday, June 15th, 2017 by Marketing Director

Miami-based Fortune International Group has teamed with Rialto Capital Management, a subsidiary of Lennar Corp. (NYSE: LEN), to form a private bridge lending firm.

Vaster Capital will focus on providing bridge loans on both residential and commercial real estate in South Florida, including for foreign nationals. Fortune and Related said Vaster Capital could close loans much faster than other lenders because of less bureaucracy and the use of technology.

Read more here

M2E client Stiles and Rockefeller sell downtown Fort Lauderdale tower for $134M

posted on Wednesday, June 14th, 2017 by Marketing Director

About a year after being completed, the Amaray Las Olas apartment tower in downtown Fort Lauderdale was sold for $133.55 million.

Rock-French Quarter, a joint venture between Rockefeller Group and Stiles Corp., sold the 254-unit tower at 215 S.E. 8th Ave. to Amaray Las Olas by Windsor, managed by Boston-based GID Investment Advisers.

Read more here

M2E client, Related Group buys out partners in Hollywood condo project

posted on Tuesday, June 13th, 2017 by Marketing Director

The Related Group has bought out its two partners in the Hyde Beach House condo project, which is currently under construction in Hollywood, the developers have confirmed.

Arnaud Karsenti, CEO of 13th Floor Investments, said that the Related Group bought out his company and Key International from Hyde Beach House.

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M2E Client, Paramount Miami launches dreamy penthouse collection

posted on Monday, June 12th, 2017 by Marketing Director

Paramount Miami Worldcenter unveiled its Penthouse Collection Series, which is comprised of 26 residences ranging in price from $3.5 million to $9.5 million.

Eight of the standout units will be two-story duplexes and all penthouses will be housed in the upper core of the 60-story tower, the sole residential building currently for sale in the massive mixed-use development encompassing 27 acres in downtown Miami.

Read more here

Luxury amenities still a draw for expensive condos

posted on Thursday, June 8th, 2017 by Marketing Director

One of the amenities at the Estates at Acqualina in Sunny Isles, M2E Client, will be an ice skating rink. Prices start at $4.2 million.

Although some developers are focusing on community-building amenities, Miami has no shortage of luxury condo towers with concierge services and over-the-top perks — for the few who can afford them. Here’s a rundown of some of the extravagant perks that come with some multimillion dollar pads in South Florida:

M2E Client ▪  Estates at Acqualina: Residents of this pair of 50-story condo towers, due in 2019, won’t have to leave home for a night out. Among the amenities: A disco, a bowling alley, movie theater, soccer field, basketball court, and a salt room. What, no ice skating rink? Oh wait, yes: There is also an ice skating rink.

M2E Client ▪  Residences by Armani/Casa: When completed, this joint venture between The Related Group and Dezer Development in Sunny Isles Beach will offer residents their own “lifestylist” to help with your personal fashion and styling needs.

Read the full article here

HI ! :)

posted on Wednesday, June 7th, 2017 by Marketing Director

M2E Client, Fort Lauderdale’s 100 Las Olas

posted on Tuesday, June 6th, 2017 by Marketing Director

Soar above and around what will be Fort Lauderdale’s tallest tower

Fort Lauderdale’s soon-to-be tallest building, 100 Las Olas, has unveiled a new virtual tour of the 499-foot project that broke ground in March.

Sales have reached $20 million, according to a 100 Las Olas spokesperson, who also confirms the foundation is approximately 75 percent complete.

Virtual Tour and more here

M2E client, Related Group completes affordable housing for seniors

posted on Friday, June 2nd, 2017 by Marketing Director

The Related Group recently completed construction of Smathers Plaza II, an affordable housing project for residents aged 62 and up.

The 133-unit building rises five stories at 1025 S.W. 30th Ave. in Miami. It has 92 public housing units and 51 affordable units. The Miami-based company built it on land leased from Miami-Dade County for $24.1 million, using funds from the county surtax, a State Apartment Incentive Loan and a federal housing grant.

Read more here

Lennar’s Miller family lists Star Island mansion for $49M

posted on Thursday, June 1st, 2017 by Marketing Director

The Miller family behind M2E Client, homebuilder Lennar Corp. has listed one of their homes on Star Island in Miami Beach for $49 million.

The Coldwell Banker team of the Jills, Jill Eber and Jill Hertzberg, are representing the Miller family in the listing of 23 Star Island Drive. The home was previously owned by the late Leonard Miller, who founded Lennar (NYSE: LEN), and remains owned by a family trust. It totals 10,211 square feet on an 80,664-square-foot lot.

Read more here

Downtown Miami’s priciest rental is this stunning duplex asking $25K

posted on Wednesday, May 31st, 2017 by Marketing Director

M2E client Marquis Condo, Miami’s most expensive rental in the Brickell/Downtown area is this spectacular duplex $25,000 a month.

Unit 3106 offers four bedrooms, four bathrooms, and 3,776 square feet of living space. On the second floor lives the master bedroom and study, with a glass wall separating this space from the main living area down below, which features an open kitchen and dynamite views of Biscayne Bay and South Beach.

There’s also a really cool video tour of the home over here.

M2E Client, Miami Worldcenter will include major ‘Class A’ office tower

posted on Friday, May 26th, 2017 by Marketing Director

Global developer Hines announced plans to build a 600,000-square-foot office tower at Miami Worldcenter, the 27-acre mixed-use project under development on the north side of downtown.

The 45-story tower would be the largest office tower completed in Miami’s Central Business District since 2010. It would be called 110 10th, after its location at 110 N.E. 10 Street just west of the Park West Metromover Station.

There are only eight office buildings in South Florida with more than 600,000 square feet of leasable space.

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M2E Client, The Related Group in another extraordinary project, giving you a chance to leave your stamp on it

posted on Wednesday, May 24th, 2017 by Marketing Director

Wynwood is getting its first major residential development and you can be the one name it!

THIS IS YOUR CHANCE TO NAME WYNWOOD’S FIRST MAJOR RESIDENTAL DEVELOPMENT AND WIN THREE MONTHS FREE RENT OR A CASH PRIZE.

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Record-Setting Pace Marks South Florida Multifamily Market

posted on Monday, May 22nd, 2017 by Marketing Director

Strong fundamentals drove an eighth consecutive year of multifamily expansion in South Florida. That’s the big takeaway from Cushman & Wakefield’s 1Q South Florida Multifamily Market Update.

“2016 was a funny year in the South Florida multifamily market,” CushWake’s South Florida Institutional Multifamily Team executive vice president Calum Weaver tells GlobeSt.com, noting that the transaction pipeline trailed off a bit in the fourth quarter. “There was record sale activity, yet we witnessed economic uncertainty in the beginning of the year and political uncertainty in the second half of the year, which actually restrained transaction volume.”

(Where does class C fit into the current market? Find out.)

Read the full article here

M2E Client W Fort Lauderdale to complete second phase of $55M renovation in fall

posted on Thursday, May 18th, 2017 by Marketing Director

The W Fort Lauderdale is adding a new ballroom and an oceanfront restaurant from celebrity chef Stephen Starr as part of its $55 million revamp. The latest upgrades are expected to be completed by fall 2017.

“The newly reimagined W Fort Lauderdale is the latest example of how we are reinvigorating our North American portfolio along with our ownership partners, ensuring W sets the scene and continues to innovate the guest experience,” said Anthony Ingham, global brand leader of W Hotels.

Read more here

M2E Client Greenberg Traurig Advises on New Cybersecurity Venture Led By Tech Pioneer Manny Medina

posted on Wednesday, May 17th, 2017 by Marketing Director

When Terremark Worldwide Inc., founded by Miami tech pioneer Manny Medina, was sold to Verizon in 2011 for $1.4 billion, the move was part of a vertical integration trend among telecommunications companies acquiring data centers.

Now the trend has reversed, and Medina Capital, a Miami-based private equity firm led by Medina, has seized on a different group of data centers that, paired with Medina’s cybersecurity and data analytics companies, has resulted in a deal valued at $2.8 billion.

Greenberg Traurig represented longtime client Medina Capital in a joint venture with global private equity firm BC Partners and Longview Asset Management to buy CenturyLink Inc.’s data centers and associated colocation business.

Read the full article here

M2E Client, Miami condo Paraiso Bayviews tops off at 43 floors in Edgewater

posted on Tuesday, May 16th, 2017 by Marketing Director

Progress is mounting in Miami’s Paraiso District, with Paraiso Bayviews recently topping off at 43 stories in the booming Edgewater neighborhood.

It’s the second of Paraiso’s four towers to complete vertical construction after Paraiso Bay topped off last summer, with the latter expected to be completed in the coming months. The 54-story Gran Paraiso was the final tower to begin construction after breaking ground last February.

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M2E Client, Stiles plans major retail center in Miami-Dade with national tenants

posted on Friday, May 12th, 2017 by Marketing Director

Stiles Corp. wants to build a 418,955-square-foot retail center with national tenants just west of the Dolphin Mall in Miami-Dade County.

The site plan for the Shops at Beacon Lakes was submitted to county officials as a pre-application on April 25. That allows the developer to discuss the project with county staff in preparation to submit an official application later.

In a Business Journal feature story in 2016, Terry Stiles said his company was looking at a 400,000 retail deal in Miami-Dade.

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M2E Client Related Group buys into Wynwood mixed-use project

posted on Thursday, May 11th, 2017 by Marketing Director

East End Capital said it sold a 50 percent interest in its Wynwood 25 mixed-use development project in Miami to the Related Group, South Florida’s largest condo developer.

East End Capital said it sold a 50 percent interest in its Wynwood 25 mixed-use development project in Miami to the Related Group, South Florida’s largest condo developer.

Financial terms of the deal were not immediately disclosed.

Wynwood 25 was approved for 289 apartments, 31,000 square feet of ground-floor retail and 340 parking spaces. The 2.41-acre site spans from 215 to 339 N.W. 24th Street and from 240 to 292 N.W. 25th Street.

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M2E client Palm Beach’s 3550 South Ocean unveils sales gallery

posted on Wednesday, May 10th, 2017 by Marketing Director

Last time we checked up on Palm Beach’s 3550 South Ocean, a batch of sexy renderings were unveiled of the first new oceanfront residential development in Palm Beach in over a decade.

Today, we’ll take in the new sales gallery, highlighting the high-end interiors designed by Champalimaud and DDG. Among the notable features are a beautiful open kitchen with an oversized island, solid oak herringbone flooring, and top-of-the-line appliances.

The 30-residence luxury development is expected to break ground soon.

See more here

Mixed-use project proposed on 441 in Hollywood

posted on Monday, May 8th, 2017 by Marketing Director

M2E client, Lennar targets Miami-Dade agricultural site for development

A tree farm near Homestead could be developed as the second phase of Lennar Corp.’s Artesa community plus a commercial component.

SFI Palm Tree Farms LLC, an affiliate of iStar Financial, wants to rezone the 31.3-acre site at 11406 S.W. 248th St. The plan would allow 283 townhouses and 31,427 square feet of commercial space, including a drive-thru restaurant and a gas station. Lennar has the residential portion under contract.

Read the full article here

PEOPLE ON THE MOVE Oooh Yeah! She Rocks!

posted on Thursday, May 4th, 2017 by Marketing Director

Department Head of Structural Department and Internal Quality Control at M2E Consulting
Esther Calle is Our mentor, our friend, and colleague
We are proud of you and we  you!

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Jorge Perez of Related Group named Lifetime Achiever

posted on Wednesday, May 3rd, 2017 by Marketing Director

M2E client and Internationally recognized as a visionary developer, Jorge M. Pérez, chairman, CEO & co-founder of The Related Group, is the force behind many of the iconic residential developments that comprise Miami’s skyline. He’s also a longtime patron of the arts, perhaps most visibly through generous donations to the coffers and collections of The Jorge M. Pérez Art Museum of Miami-Dade County, often referred to as PAMM.

For these contributions to the Greater Miami community, Mr. Pérez is Miami Today’s 2017 Lifetime Achiever honoree.
The Related Group was launched in 1979 as a builder of affordable housing. Though the company’s portfolio has since expanded to include ultra-luxury projects, it has never lost that original focus.

Read the full article here

We’re hiring! Apply now.

posted on Tuesday, May 2nd, 2017 by Marketing Director

Hey there! I’m very excited to share with you all that M2E Consulting Engineers is growing fast and we are looking for exceptional, enthusiastic and up for the challenge engineers and drafters to join our dynamic and ever expanding, successful team. We’re currently looking to hire both senior and entry level, Structural, Civil, and MEP engineers, who are driven, passionate and have a desire to grow within our firm. If you are interested in this opportunity, please email us your resume! Careers@m2e.com or reply to this post for more information.

More Than $500M in revenue: finalist Related Group

posted on Friday, April 28th, 2017 by Marketing Director

One more time, M2E client, The Related Group

Throughout South Florida and around the country, The Related Group’s name is its brand. Yet the name that was once solely associated with luxury condominiums today means more – to the marketplace, the community and the company’s bottom line.

In 2016, the company completed seven projects with over 533 residential units and more than 45,449 square feet of commercial space. With a variety of products in its rental and affordable divisions, as well as its multifamily and mixed-use division, the company is diversifying beyond luxury condos.

Fast Fact: Related is simultaneously redefining more than 10 neighborhoods and will complete over 10 individual projects in 2017.

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Condo Market Slack, But Money to Build Keeps Flowing

posted on Thursday, April 27th, 2017 by Marketing Director

A rendering of M2E client Paramount Miami Worldcenter’s Skydeck, a luxury high-rise under construction in downtown Miami.

Four $200 million-plus loans have closed since November, including three funding construction of high-end condo towers in Miami. The other is for an ultra-luxury property rising in West Palm Beach.

Miami lawyer Suzanne Amaducci-Adams said the large loans reassure the market that South Florida condos aren’t dead. She leads the real estate practice group at Bilzin Sumberg, which handled the Miami loans.

The firm said another sizable deal is in the works.

“There’s a fifth one coming,” Amaducci-Adams said. “I’m surprised that there were five. I’m not so sure how many more there are going to be in 2017.”

Follow the link for the full article

Lennar expects to deliver 1,800 homes in Miami-Dade and Broward this year

posted on Wednesday, April 26th, 2017 by Marketing Director

M2E client, Carlos Gonzalez, president of Lennar’s Southeast Florida division covering the two counties, said the Miami-based company plans to deliver 1,800 to 1,900 homes here this year. It has 14 master-planned communities in some stage of development, with 30 active communities when considering the multiple product types, such as single-family, villas and townhouses, within those master-planned communities.

Lennar’s homes are priced from the low $200,000s for townhouses in Homestead to about $1 million for a single-family home at Toscana MiraLago in Parkland, he said.

Read the article here

Coffey Burlington: The Luckiest Law Firm in Town

posted on Tuesday, April 25th, 2017 by Marketing Director

Something interesting we wanted to share, M2E client attorney’s office – Jim Burlington, office systems manager at Miami’s Coffey Burlington, made travel plans for Monday. He needed to be in Tallahassee to pick up $1 million in winnings on a Florida lottery scratch-off ticket.

But that’s not a first for the lucky litigation boutique.

Partner Daniel F. Blonsky won $1 million in the opening season of ABC’s “Who Wants to Be a Millionaire?” in 2000.

Name partner Kendall Coffey said Blonsky kept working after his instant winnings but joked about Burlington’s future.

“Somebody should ask Jim. He hasn’t announced his retirement yet,” Coffey said Friday.

See the full article here

Bilzin Sumberg Sets Its Own Standard for Success

posted on Monday, April 24th, 2017 by Marketing Director

Another successful M2E client, Bilzin Sumberg Baena Price & Axelrod isn’t on the Amlaw 200 list of top-grossing U.S. law firms. But it regularly ranks among them in terms of profits per partner and revenue per lawyer.

While Bilzin’s profits per partner dipped over 1 percent in 2016 to $1.6 million, the profit breakdown they report for each of their 24 equity partners is still higher than what has been reported for any other Florida-based firm, including global firms like Holland & Knight and Greenberg Traurig.

“For at least the last eight or nine years, our firm has produced economically, where we have been No. 1 or 2 in both profits per partner or revenue per lawyer, according to your statistics,” said Bilzin co-founder John Sumberg, referring to the Daily Business Review’s ranking of top Florida-based firms.

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Paramount Miami Worldcenter unveils guest suite collection

posted on Friday, April 21st, 2017 by Marketing Director

M2E client, Paramount Miami Worldcenter has announced yet another amenity of sorts, in a guest suite collection exclusive to Paramount Miami owners.

The 30 guest suites feature a glass wall sectioning off the bathroom, a kitchenette, and a separate tub and shower. Located on the lower floors of the tower, they come in studios, one-bedrooms, and two-bedrooms, ranging from 530 to 1,200 square feet.

Read more here

Giralda Place Marks Construction Top Off with Spring Soiree at Giralda Place Sales Gallery

posted on Wednesday, April 19th, 2017 by Marketing Director

M2E proudly shares that Giralda Place – downtown Coral Gables’ sophisticated, modern residences that pair urban lifestyle conveniences with premier commercial offerings – hosted an exclusive topping off celebration at the project’s on-site sales gallery at 2222 Ponce de Leon Boulevard. The nine-story, mixed-use project is scheduled for delivery in early 2018. In an intimate gathering, more than 70 of Miami’s tastemakers, VIP brokers, and friends of the development team attended the springtime soiree. Coral Gables Mayor James Cason, as well as other city officials, were also present to congratulate the Giralda Place team on their accomplishment.   Guests were greeted with a glass of champagne upon arrival, followed by lively music and a delectable selection of hors d’oeuvres, including crepes with mushroom and truffle crème, yellowtail snapper ceviche garnished with mango and jalapeño, and mini crostinis topped with herb-infused goat cheese, fig and honey. Attendees sipped wine and champagne as they mingled throughout the sales gallery, where they were presented with a first-look at the Giralda Place lifestyle.   As the sun set, a brief ceremony commemorated the topping off with the signing of a 1,250-pound construction beam. The Giralda Place team, as well as all guests, were invited to pen their signature and make a mark that will forever be engrained in the building.

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Jaret Davis on making an impact in law and the community

posted on Tuesday, April 18th, 2017 by Marketing Director

As co-managing shareholder of M2E Client Greenberg Traurig’s Miami office, Jaret Davis fields lots of questions each day. Occasionally among them: “When do you find time to sleep?” It makes him laugh, but it’s a valid question.

Davis oversees 170 attorneys and 200 business staff in GT’s founding office; chairs the Beacon Council; serves, or has served, on more than a half-dozen boards in recent years; has a family, friends and plenty of hobbies.

“How do you do it?” sometimes follows the first query. The answer lies in Greenberg Traurig’s tradition of encouraging its lawyers to pursue their passions, which ultimately enriches their practice and the community, he says.

Full article here

A glimpse into those who define our cityscapes

posted on Monday, April 17th, 2017 by Marketing Director

M2E valued, long-time clients, Icons, CONGRATULATIONS

Armando Codina, Executive chairman/CEO, Codina Partners

Stuart A. Miller CEO, Lennar Corp

Jorge M. Perez Founder, chairman and CEO, The Related Group

Terry Stiles Chairman and CEO, Stiles

Gil Dezer, President, Dezer Development

W. Allen Morris, Chairman, President & CEO, The Allen Morris Co.

Bob L. Moss Founder, Chairman and CEO, Moss & Associates/Moss

Nitin Motwani Managing partner, Miami Worldcenter Associates

P. Michael Reininger Executive director, Florida East Coast Industries

Vincent Signorello President and CEO, Florida East Coast Industries

Tom P. Murphy Jr. Chairman/CEO, Coastal Construction Group

Alan Faena Founder and president, Faena Group

Warrwn Weiser, Co-founder and chairman, CREC

Art Falcone, CEO, Encore Capital Management

Arnaud Karsenti, Managing principal, 13th Floor Investments

Diego Lowenstein, CEO, Lionstone Development

Kevin Maloney, Founder and principal, Property Markets Group

David Martin, President, Terra

The South Florida Business Journal has unlocked its 2017 list of the top architects, developers, real estate professionals and property owners in our region.

View slideshow and read more here

Related Group scraps luxury condo project in Miami

posted on Wednesday, April 12th, 2017 by Marketing Director

M2E valued client, the Related Group has pulled the plug on luxury condo project Auberge Residences & Spa Miami after launching sales at a deeply discounted price point.

The Miami-based developer planned to build a 60-story, 290-unit land-locked tower at 1400 Biscayne Blvd., near the Adrienne Arsht Performing Arts Center, in a downtown Miami-adjacent area known as the Arts & Entertainment District. It would’ve been just the first phase of a three-tower project that would eventually have 1,430 units and 13,280 square feet of retail.

Read the full article here

FIU receives its largest-ever alumni donation

posted on Friday, April 7th, 2017 by Marketing Director

Miami’s Florida International University received last week its largest-ever donation by an alumnus.

M2E client, Chad Moss, executive VP of Fort Lauderdale-based construction firm Moss & Associates, donated $10 million to FIU’s College of Engineering & Computing. The college will be re-named the Moss School of Construction, Infrastructure and Sustainability.

Chad Moss, executive vice president of Moss & Associates, at the Florida International University Torch Awards Gala on April 1, 2017

Read full article here

Miami’s Giralda Place tops off in Coral Gables

posted on Thursday, April 6th, 2017 by Marketing Director

M2E’s baby, Giralda Place has topped off at nine stories in Coral Gables, moving a step closer to adding 33 luxury residences to the popular and historic Miami neighborhood upon completion, which is estimated for early 2018.

The mixed-use development by Heidi Eckes-Chantré includes 13,390 square feet of ground-floor retail, a 419-space parking garage, and 101,300 square feet of Class A office space. There are 23 condos and 10 townhomes, with the project currently 24 percent under contract.

Designed by John Fullerton of Fullerton Group Architects, Giralda Place’s general contractor is GRYCON, LLC, with interiors by b+g design, inc.

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Greenberg Traurig Celebrates 50th Anniversary in Miami with Judiciary, Business, Government Leaders at Perez Art Museum Miami

posted on Wednesday, April 5th, 2017 by Marketing Director

More than 600 South Florida business, government and nonprofit leaders joined international law firm and valued M2E client Greenberg Traurig, P.A. on March 14 to celebrate the firm’s 50th anniversary at an event held at the Perez Art Museum Miami.

Founded in Miami in 1967 by three attorneys – Mel Greenberg, Robert H. Traurig and Larry J. Hoffman – Greenberg Traurig now has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East.

Traurig and Hoffman attended the event, along with their families. Mel Greenberg’s daughter, Carol Greenberg Brooks also attended.  Greenberg Traurig Senior Chairman Cesar L. Alvarez and Miami office Co-Managing Shareholder Jaret L. Davis welcomed guests.

Read full article here

Lotus Village, the new home for Lotus House, is under construction in Overtown

posted on Tuesday, April 4th, 2017 by Marketing Director

Lotus Endowment Fund, which supports the redevelopment and expansion of M2E Client, Lotus House, secured more than $2.5 million in gifts toward its $25 million building and sustainability campaign, including $1 million from the Braman Family Charitable Foundation, $500,000 from the Micky and Madeleine Arison Family Foundation, $300,000 from the Wildflower Foundation, $250,000 from the Bank of America Charitable Foundation, $250,000 from Julie Lotspeich, and $100,000 from the Michael and Chandra Rudd Foundation. www.lotushouse.org.

Stiles, Motwani, Ellis talk Fort Lauderdale’s development boom for Breaking Ground with Brian Bandell

posted on Friday, March 31st, 2017 by Marketing Director

Three of Fort Lauderdale’s most prominent developers spoke about the transformation of the city’s downtown in the Business Journal’s Breaking Ground with Brian Bandell panel on March 30.

The panelists were M2E Client, Stiles Corp. Chairman and CEO Terry Stiles, Merrimac Ventures President Dev Motwani and Ellis Diversified Chairman and President Jim Ellis. All three have prominent downtown projects in the works.

Stiles plans to build the Residences of Las Olas with 419 apartments behind the Sun-Sentinel building. On part of BC’s campus on Las Olas Boulevard, he has received the college’s approval for a land lease to develop a 365,000-square-foot office building with ground-floor retail.

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Sky candy: New renderings of AquaBlu, Eleven on Lenox, Muse and more

posted on Thursday, March 30th, 2017 by Marketing Director

M2E valued clients,

A handful of developers just released new renderings of some of South Florida’s luxury condo developments that are in the works, ranging from 1111 Lincoln Residences, just north of Lincoln Road, to the newly unveiled penthouse collection at the Ritz-Carlton Residences, Miami Beach.

The Ritz-Carlton Residences, Miami Beach

Private Hammam spas, plunge pools and libraries are among the features of Italian architect Piero Lissoni‘s penthouse collection at The Ritz-Carlton Residences, Miami Beach.

Lionheart Capital is developing the Ritz, a 7.5-acre project with 111 condo residences and 15 single-family villas at 4701 Meridian Avenue. Douglas Elliman is handling sales, and prices range from $2 million to more than $40 million, the latter of which is for the eight-bedroom penthouse

Muse Residences, Sunny Isles Beach

On the heels of announcing its partnership with alternative medicine advocate Dr. Deepak Chopra, Property Markets Group and S2 Development are giving a new sneak peek into their Muse Residences tower in Sunny Isles, which is slated to open next year.

Here’s a look inside the projects

House bill that could delay Brightline gets pulled out of subcommittee

posted on Wednesday, March 29th, 2017 by Marketing Director

A proposed Florida House bill that would give local governments and the state additional authority to regulate Brightline was pulled from the House Transportation and Infrastructure Subcommittee’s meeting on March 28.

The proposed bills, HB 269 and SB 386, which the Senate bill was approved on March 21, focus on safety measures for high-speed passenger trains. Although it doesn’t specifically mention Brightline, Coral Gables-based parent company M2E Client, All Aboard Florida said it is being targeted due to the bill applying to any new passenger rail system that operates or proposes to operate its passenger trains at a maximum speed in excess of 80 miles per hour on or after July 1, 2017, Orlando Business Journal previously reported.

If the proposed bills were to become law, the high-speed passenger rail systems may include positive train-control technology to prevent collisions, remote health monitoring, fencing in certain areas and more.

Full Article here

WATERPROOFING & PAINTING ESSENTIALS – 1 CEU (OPP)

posted on Tuesday, March 28th, 2017 by Marketing Director

10:00am – 11:00am April 5th
PRESENTED BY: M2E Consulting Engineers

Register here

Related’s Steve Patterson on how he began a career in development

posted on Thursday, March 23rd, 2017 by Marketing Director

M2E Client, Steve Patterson has helped the Related Group diversify its development strategies since joining the firm in 2010, and now its rental and mixed-use division, Related Development, has ramped up its apartment development to rank among the region’s most active builders.

The Miami-based developer recently opened the retail portion at CityPlace Doral, which also includes apartments. In recent months, Related Development has begun construction on six rental projects in Florida and Georgia, including Town Southern in Royal Palm Beach. The Icon Las Olas in Fort Lauderdale topped off at 452 feet, and should be completed this summer.

Patterson said he’s looking for more apartment development sites, especially in Broward County, Tampa, Orlando and Atlanta.

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Architecture, art and music intersect at West Palm Beach firm

posted on Wednesday, March 22nd, 2017 by Marketing Director

M2E Client, the designer of Gale Boutique Hotel, The Garcia Stromberg and GS4 Studios office in West Palm Beach is part architecture workshop, part art gallery and part garage-band recording studio.

Inside the warehouse at the Vista Business Park in West Palm Beach, the architecture firm has the computers and drafting tables one would expect. It also has walls full of paintings and sketches by partner Peter Stromberg, and musical instruments – including a guitar and a drum kit – that Stromberg plays.

It’s not just for fun. Garcia Stromberg produces virtual videos with music for its clients to promote their projects. Many architecture firms outsource those videos. Garcia Stromberg added an interior design practice, so Stromberg’s artwork has been used in his clients’ buildings.

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CEOs share winning strategies For success

posted on Tuesday, March 21st, 2017 by Marketing Director

“Just give people something fresh, something new. And that’s not to say,

‘If you build it, they will come’

But if you address needs … they’ll bite”

ARNAUD KARSENTI, M2E Client, Managing principal, 13th Floor Investments

The economic pendulum of any major metropolitan area will, at one point or another, swing wildly in one direction. The test of a skilled CEO comes in when strategy must be deployed in the face of volatility.

In a post-election year, where CEOs in all industries find themselves grappling with seismic shifts, from health care to regulatory challenges, they are tasked with steering their companies toward continued success.

Read the full article here

Overlooked no more: Small-town Hallandale Beach lures big plans

posted on Monday, March 20th, 2017 by Marketing Director

Want to see the future of Hallandale Beach? Don’t look east to the Atlantic Ocean. Look west, where small infill and large-scale projects dot the map.

Case in point: Hallandale ArtSquare together with many M2E clients. The 8-acre mixed-use project, on Federal Highway three blocks north of Hallandale Beach Boulevard, will feature six buildings, 358 rental apartments, a fitness center and resort-style pool. The 12,000 square feet of retail and restaurant space will be ideal for younger residents moving to the area and looking for a vibrant lifestyle destination, said Victor Ballestas, principal with developer Integra Investments.

“We’re trying to deliver a market-rate project with amenities you’d normally see in a Class A luxury development,” said Ballestas, whose site was formerly a mobile home park. “We hope to pull in people who want to be near Aventura, but don’t want to pay the Aventura prices.”

Read more here

Dezer/Related Group to break ground on Armani/Casa condo tower

posted on Tuesday, March 14th, 2017 by Marketing Director

Dezer Development and M2E Client, the Related Group are set to break ground on the Residences by Armani/Casa condominium tower in Sunny Isles Beach.

The ground-breaking ceremony will take place on March 9 at 10 a.m. at 18975 Collins Ave. near the beach. This is the first Armani-branded condo in the United States, and its interior was designed by the company itself. The 56-story condo tower was designed by César Pelli.

The developers said they have over 65 percent of its 308 residences under contract, with over $650 million in sales.

Read more

Auberge Fort Lauderdale hosts broker luncheon

posted on Friday, March 10th, 2017 by Marketing Director

M2E Client, Auberge Beach Residences & Spa hosted a broker luncheon recently to celebrate the $54 million in sales the project has closed in the past two months.

The Related Group celebrated the brokers’ commissions for sales in the south tower of the Fort Lauderdale Beach development with champagne and light bites at the sales center. Auberge, a partnership between Related, Fortune International Group and the Fairwinds Group, will be a 171-unit beachfront project in Fort Lauderdale. The towers will be completed between the fourth quarter of 2017 and the second quarter of 2018. Construction began in November 2015, and the developers closed on $132 million in financing in August.

Read more

Paramount Condos Get $285M Construction Loan

posted on Thursday, March 9th, 2017 by Marketing Director

Miami’s luxury condominium market may be lagging in sales, but construction financing is still flowing for projects already underway.

M2E Client, Paramount Miami Worldcenter, a 60-story tower with over 500 units, just landed a $285 million loan that will fuel construction at the downtown Miami site. The bulk of the loan comes from Mexico City’s Inbursa Bank, a financial group controlled by billionaire Carlos Slim that provided $170 million. The remaining $115 million was financed through BC Immigration Fund, tied to a New York-based financial institution.

The loans will also fund construction of the retail promenade at the tower’s base.

Read more here

Lennar CEO Miller received boost in pay in 2016

posted on Wednesday, March 8th, 2017 by Marketing Director

M2E client, Lennar Corp. CEO Stuart Miller, along with the rest of his executive team, received a boost in compensation in 2016.

The Miami-based homebuilder (NYSE: LEN) disclosed its executive compensation in its proxy to shareholders on Tuesday. The five executives who had their compensation listed all saw growth primarily because of larger cash payments under an incentive program based on company performance.

Miller received total compensation of $19.22 million in 2016, up from $17.9 million in 2015.

Follow the link to read more

Lennar buys home development site in South Florida for $10M

posted on Tuesday, March 7th, 2017 by Marketing Director

Lennar Homes acquired the long-stalled Silver Palms Southwest project in southern Miami-Dade County for $10.3 million.

Madeira Investors, managed by Juan Carlos Rodriguez in St. Augustine, sold the 106 home lots at the southwest corner of Southwest 240th Street and Southwest 117th Avenue to Lennar Homes, an affiliate of Miami-based Lennar Corp. (NYSE: LEN).

Follow the link for more

City considers plans to buy closed golf course from Lennar

posted on Monday, March 6th, 2017 by Marketing Director

The Greater Boca Raton Beach and Park District wants to buy a closed golf course from M2E Client, Lennar Corp., which had intended to develop it.

The 202-acre Ocean Breeze Golf & Country Club at 5801 N.W. 2nd Ave., within the Boca Teeca neighborhood, was seized in foreclosure by Wells Fargo Bank in 2016. The bank closed the golf course. Miami-based Lennar (NYSE: LEN) has the property under contract from Wells Fargo. However, a deed restriction requires that Ocean Breeze must remain a golf course unless 50 percent of Boca Teeca residents approve another usage.

Lennar representatives have repeatedly met with Boca Teeca residents, but the developer has not secured approval to build on the golf course

Follow the link to read more

College approves deal with Stiles to build Las Olas tower

posted on Friday, March 3rd, 2017 by Marketing Director

The Broward College Board of Trustees unanimously approved on Tuesday a lease and pre-development agreement with M2E client, Stiles Corp. for a new office building on Las Olas Boulevard in downtown Fort Lauderdale.

The Fort Lauderdale-based developer plans to build 14 stories of “Class A” office of 401,857 square feet, 17,500 square feet of ground-floor retail and restaurants, and an undetermined number of parking spaces at 225 E. Las Olas Blvd. The project would include a 5,400-square-foot public plaza with event space, a multimedia screen and a community room.

Stiles Corp. has branded the building as Two Zero One Las Olas. It would also have a Broward College sign near a fountain on the street level.

Read Full Article here

Miami’s 9 hottest developments under construction

posted on Wednesday, March 1st, 2017 by Marketing Director

M2E Clients are listed at numbers 1, 2, 6, 8 and 9

While the state of Miami development appears to be cooling from its previously frenetic (and unsustainable) pace, the Magic City continues to balloon with high-rises under construction across a slew of active neighborhoods.

Nowhere is the birth of towers more prominent than at Miami’s heart, sourcing from ground-zero areas like Brickell and downtown Miami, and reverberating through nearby hot spots like Coconut Grove, Edgewater, and Midtown.

Click the link to see the map



Stiles seeks college’s approval for office development deal on Las Olas Boulevard

posted on Tuesday, February 28th, 2017 by Marketing Director

The Broward College Board (BC) of Trustees will consider finalizing a lease deal with M2E Client, Stiles Corp. on Feb. 28 to facilitate the redevelopment of a site on Las Olas Boulevard in downtown Fort Lauderdale.

The college could approve a ground lease with the Fort Lauderdale-based developer for the 1.4-acre site at 225 E. Las Olas Blvd. BC has determined that its two buildings there are in bad condition and should be demolished. BC will retain the rest of its downtown campus.

According to the application, Stiles Corp. would build 14 stories of “Class A” office for a combined 401,857 square feet, 17,500 square feet of ground-floor retail and an undetermined number of parking spaces.

Read more here

Part of Las Olas Riverfront sells to developer for $29M

posted on Monday, February 27th, 2017 by Marketing Director

M2E Client, Property Markets Group bought part of Las Olas Riverfront in Fort Lauderdale to begin a major redevelopment project.

Las Olas Riverfront LP, an affiliate of Merrimac Ventures led by President Dev Motwani, sold 2.38 acres of the 3.67-acre property at 300 S.W. 1st Ave. to New York-based PMG for $29 million. It’s the western portion of the site that was sold. The deal was brokered by Robert Given of Cushman Wakefield with legal work by attorney Luis Flores of Arnstein & Lehr and attorney Courtney Crush of Crush Law. Motwani hired attorney Andy Gross of Hunt & Gross for the deal.

PMG previously won city approval to redevelop the site with two apartment towers with a combined 1,214 units, 40,000 square feet of retail and 1,944 parking spaces. The apartment towers would rise 46 and 42 stories while the parking deck would be 13 stories.

Follow the link

As Coconut Grove surges, developer plans first new office building in decades

posted on Thursday, February 23rd, 2017 by Marketing Director

As Coconut Grove surges with new condos, restaurants and shops, M2E client, developer David Martin is planning what he sees as the missing link in the Grove’s revitalization: its first new office building since 1989.

The project will adapt an existing city of Miami parking garage at 2850 Oak Ave. into a five-story mid-rise with 75,000 square feet of Class A office space and renovated ground-level retail. The architects of the makeover — a process often referred to in design circles as “adaptive reuse” — are Carlos Prio-Touzet and Jackie Gonzalez Touzet, the Miami-based designers of the Nike store on Lincoln Road and other eye-catching local projects

“The businesses that are our target want less traffic than what our financial core [in Brickell] has to offer,” said Martin, whose firm Terra is partnering with Mayfair Real Estate Advisors.

Read more

The Related Group’s Carlos Rosso is bullish on Miami’s future

posted on Wednesday, February 22nd, 2017 by Marketing Director

M2E Client, developer Jorge Pérez, chairman of The Related Group of Florida, is widely known as Miami’s condo king for the tens of thousands of units his firm has erected across the region, reshaping the skyline as his business has grown.

Leading its signature division is Carlos Rosso, president of condominium development. Since joining the firm in 2002, Rosso has developed more than 16,000 units in South Florida and Latin America. The division now has 20 projects underway, including Brickell Heights, Hyd Midtown, Gran Paraiso, Paraiso Bay, One Parais, Paraiso Bayviews, Paraiso Bay Homes, Park Grove and SLS Lux in Miami. In Broward, the firm is developing Hyde Beach House Hollywood, Hyde Resort & Residences Hollywood, W Fort Lauderdale, Auberge Fort Lauderdale and Icon Las Olas.

Follow the link

Made lots of money. Gave lots away. This power couple now getting something back

posted on Friday, February 17th, 2017 by Marketing Director

M2E valued client, Jorge Pérez spent most of his life focused on acquiring money. Now, he has turned his attention to giving it away. Born in Buenos Aires to parents who fled Cuba, he worked his way up to become the “Condo King” of South Florida as founder, chairman and CEO of The Related Group.

When he was young and broke, Pérez said he gave more of his time and less of his money. Now that Forbes pegs his net worth at $2.8 billion, the real estate developer has a hefty philanthropic portfolio to match.

Read more

Related Group seeks approval for condo on island off Miami Beach

posted on Thursday, February 16th, 2017 by Marketing Director

M2E client, The Related Group wants approval to build a 25-story luxury condo tower on Terminal Island just off Miami Beach in a deal that would include the partial use of a neighboring city-owned parcel.

The city’s planning board will consider the application by Miami Beach Port LLC, an affiliate of Miami-based Related Group, on Feb. 28 to rezone the site from industrial to multifamily residential. It concerns the 3.71-acre site at 120 MacArthur Causeway that the developer acquired for $9.94 million in 2013. Until recently, the property served as a cargo terminal between Port Miami and the main island of Miami Beach.

Follow the link to find out more

$79M project proposed near Trump Towers in Sunny Isles

posted on Wednesday, February 15th, 2017 by Marketing Director

The Marina Del Mar apartments across the street from M2E client Trump Towers in Sunny Isles Beach could be expanded with two new apartment buildings.

The City Commission will consider the application by Century Towers Associates, managed by John J. Brunetti Sr., to build 254 apartments totaling 349,583 square feet on what is currently surface parking lots. The 8.68-acre site at 15920 Collins Ave. and 100 Kings Point Drive currently has a 17-story, 335-unit apartment complex from 1962. The developer plans to remodel the old building and dedicate 35 units there to workforce housing.

The application said the construction cost is estimated at $78.6 million

Read the full article here

Lennar buys development site near proposed American Dream mega mall

posted on Tuesday, February 14th, 2017 by Marketing Director

An affiliate of M2E valued client, Lennar Corp. acquired a residential development site directly across from the proposed American Dream Miami, which would be the largest mall and amusement park in North America.

The $4 billion retail and entertainment project by Triple Five Group secured preliminary approval from the Miami-Dade County Commission in January and is undergoing state review before an adoption vote in April or May. Many local residents voiced concerns about the project’s traffic impact.

Meanwhile, more developments are in the works on the vacant site along Interstate 75 in the Hialeah and Miami Lakes area.

Read more

These are the top hotels in Florida, according to U.S. News & World Report

posted on Monday, February 13th, 2017 by Marketing Director

M2E babies, 1 Hotel South Beach, Faena Miami Beach, The Ritz-Carlton, Fort Lauderdale & Acqualina Resort & Spa

Of the 1,987 hotels that were considered in the 2017 rankings, 22 in Florida made the list. The Sunshine State had the third-most hotels among the rankings, after California, with 36 hotels and New York with 23 hotels.

U.S. News & World Report, known for its rankings of hospitals and colleges, considered only luxury hotels and resorts, or properties that consistently receive four-star ratings or above for this year’s list.

See the full article here

Moss & Associates Celebrates Topping Off of ICON Las Olas, Fort Lauderdale’s Tallest Building

posted on Thursday, February 9th, 2017 by Marketing Director

Another M2E client, Moss & Associates celebrated the topping off of Fort Lauderdale’s tallest building to date, the much anticipated, 45-story ICON Las Olas, with a luncheon for nearly 650 employees and guests.

The $160 million luxury residential project, which is being developed in partnership with the Related Group and Rabina Properties, is located at 500 E Las Olas Blvd., and consists of 272 luxury residential units ranging from 960 to 1,926 square-feet. Designed by Sieger Suarez Architects, the 826,385 square-foot building offers unprecedented ocean and river views while towering above Las Olas, a Sky Terrace, Smart Building Technology, luxury spa, state-of-the-art fitness center, wine cellar, retails spaces, restaurants and a seven-story parking garage.

“We are proud to be a part of this project, which sets a new benchmark for construction in Fort Lauderdale,” said Scott Desharnais, Executive Vice President of Moss & Associates. “This has been a highly anticipated offering in the market, and being that is the tallest highrise in the city, it honors us that the Related Group trusted our firm with the realization of this concept.”

See the full article here

Coral Gables to negotiate with Related Group, Allen Morris for $250M development

posted on Wednesday, February 8th, 2017 by Marketing Director

The Coral Gables City Commission voted on Jan. 24 to negotiate with the team of M2E Client, the Related Group and Allen Morris Co. for a $250 million redevelopment of a city-owned parking garage downtown.

The Related Group and Allen Morris was selected for negotiations over a competing proposal from Terranova Corp. and ZOM Living. The developers issued a request for proposals to redevelop its 2.06-acre site at 245 and 345 Andalusia Ave.

Designed by Zyscovich Architects with Dix Hite + Partners as the landscape architect, the Coral Gables City Center project could total up to 569,094 square feet. The developer gave the city the option of redeveloping either one or both garages.

Read more here

Business Journal debuts homeowner association management list

posted on Tuesday, February 7th, 2017 by Marketing Director

M2E client, Oceanna Key Biscayne, managed by KW Property Management & Consulting

Each year, the Business Journal adds some new lists (and retires others). The homeowner association management companies list is the first addition to our lineup for 2017. It seeks to shed light on those companies that provide professional and maintenance service to HOAs.

Survey respondents opened my eyes to the multitude of services these companies offer. We may think of them as lawn care, pool maintenance, security and elevator repair engineers, but they are so much more. Many of the property management firms listed offer financial services (banking and accounting), property insurance services and consulting, development and engineering consulting, as well as communications advice between owners and the HOA’s administration.

Find out more

Hotel brand announced for the new tallest building in Fort Lauderdale

posted on Thursday, February 2nd, 2017 by Marketing Director

M2E client, Kolter Group announced that Hyatt Centric would be the hotel brand for 100 Las Olas, which is slated to become the tallest tower in Fort Lauderdale.

The project at 100 E. Las Olas Blvd. would rise 46 stories with the 238 hotel rooms occupying the first 15 floors. The tower will also have 121 condos on the upper floors and 8,500 square feet of retail and restaurant space on the ground level.

West Palm Beach-based Kolter said the Hyatt Centric will be created for millennial-minded travelers, featuring a lounge designed as a “launch pad” with information about food, nightlife and other activities in the city.

Follow the link for more

Jorge Perez won’t help Trump build wall on U.S.-Mexico border, reports say

posted on Wednesday, February 1st, 2017 by Marketing Director

Long standing M2E client, Jorge Perez, the CEO of Miami-based real estate development powerhouse The Related Group, has reportedly declined an invitation from President Donald J. Trump to assist in building a wall on the U.S.-Mexico border.

Perez reportedly received an email from the president after his Jan. 20 inauguration with plans for the wall and a request from Trump that Perez pitch in. Perez, who has had business relations with the president prior to the request, told Bloomberg that he politely declined and later described the plan as “idiotic” in an interview with Bloomberg at Related’s Miami offices.

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Condo developer hires Deepak Chopra to design units

posted on Tuesday, January 31st, 2017 by Marketing Director

M2E Client, Property Markets Group and S2 Development hired Eastern Medicine expert Deepak Chopra and Delos to design some of the condos at its Muse Residences in Sunny Isles Beach.

The developers said Chopra and Delos would design “scientifically-validated wellness homes” in seven of the tower’s 68 units. Their features will include air purification systems, water filtration systems and circadian lighting to promote health a positive energy.

“The homes we live in can have a powerful effect on our physical and emotional health,” said Chopra, the author of more than 80 books, including 22 New York Times bestsellers and a medical professor at the University of California San Diego. “I am honored to work with PMG and Delos to design healthier residences for Florida residents.”

Read more here

2017 Power Leaders and Icons

posted on Monday, January 30th, 2017 by Marketing Director

M2E congratulates our clients on their achievements!

Ryan Shear – Principal, Property Markets Group

Tom Murphy Jr. – CEO, Coastal Construction Group

David Martin – Co-founder and president, Terra

Arnaud Karsenti – Managing Principal, 13th Floor Investments

Art Falcone – CEO, Encore Capital Management

Matthew B. Gorson – Senior Chairman, Greenberg Traurig

Cesar L. Alvarez – Senior Chairman, Greenberg Traurig

Inigo Ardid – Co-CEO, Key International

Andrew M. Smulian – Chairman and CEO, Akerman LLP

Stuart A. Miller – CEO, Lennar Corp.

And ICONS

Jorge M. Perez – Founder, Chairman and CEO – The Related Group

Terry Stiles – Chairman and CEO, Stiles

Read full article here

Miami-to-Orlando train another step closer to debut

posted on Friday, January 27th, 2017 by Marketing Director

Stored in a West Palm Beach railroad operations facility, the train is made up of two locomotives and two coaches. Its unveiling brings Brightline, developed by another M2E valued client, All Aboard Florida, one step closer to debuting as the first passenger rail system in Florida since the tail end of 1968.

“We are excited to welcome our first Brightline trainset to Florida and provide a preview of the entire train,” said Brightline president Michael Reininger. “South Florida is very close to experiencing the future of train travel, a new travel alternative as an option to private cars on crowded roads.”

Find out more

Ruling Reinforces Need to Abide by Contracts in Construction Disputes

posted on Thursday, January 26th, 2017 by Marketing Director

Disputes arising from construction projects are fairly common, and as a result construction contracts and Florida law feature many provisions that establish the protocols for resolving any disputes that may develop.

Strictly adhering to the modus operandi for addressing and resolving disputes that is codified in construction contracts is essential to prevailing in any resulting litigation.

The Florida Third District Court of Appeal recently reinforced the obligation of construction defect litigants to adhere to the terms of their contract, finding that property owners which forgo the contractual mechanisms for resolving disputes will not succeed in Florida’s courts.

The ruling by the Third DCA in the case of Magnum Construction Management v. City of Miami Beach relieved the contractor of liability for alleged safety concerns with a playground that it installed at the city’s South Pointe Park. The appellate panel ruled that the city did not give the contractor the opportunity to fix the purported issues with the playground as required under its contract. Instead, the court stated that the city replaced the playground in its entirety without considering that the safety concerns could have been corrected by the contractor.

The court’s decision in this case reinforces the importance of abiding by all contract terms and requirements in construction disputes. Construction contracts often allow the contractor which performed the work to have the opportunity to fix and cure any purported problems and defects. If a property owner ignores this contractual stipulation, as the city of Miami Beach appears to have done in this case, Florida’s courts are very likely to rule against them.

Read full article here

PMG and S2 host “Inspiration & Art” event at Muse Residences

posted on Tuesday, January 24th, 2017 by Marketing Director

Another M2E Client, Property Markets Group and S2 Development recently held an “Inspiration & Art” event in collaboration with visual artist Roberta Caviglia at the Muse Residences sales gallery in Sunny Isles Beach.

The event featured pieces from Caviglia’s collection along with live entertainment, signature cocktails and gourmet bites.

Property Markets Group and co-developer S2 Development are completing the 68-unit Muse Residences at 17141 Collins Avenue. ISG World is handling sales. According to an ISG report released in December, the project is 70 percent sold.

Muse is expected to be delivered in 2018. The joint venture partners closed on a $134 million construction loan for Muse in August from Canyon Partners Real Estate, a Los Angeles-based investment management firm and adviser.

Amenities will include a robotic parking system, infinity-edge pool and spa, poolside food and beverage services, and a fitness center. — Ina Cordle and Katherine Kallergis

Full article here

Hilton hotel debuts on list

posted on Friday, January 20th, 2017 by Marketing Director

The Hilton West Palm Beach, which, M2E valued client, the Related Cos. completed in late 2015 and opened in January 2016, ranked 20th. The 400 – room Hilton is adjacent to the Palm Beach County Convention center, which regularly hosts some of the county’s largest events.

After nearly a decade of planning, and two years of construction, the Hilton features 24,000 square feet of meeting space, a pool deck with cabanas, a fitness center, and a full-service restaurant with a lounge and poolside bar. At the Business Journal’s inaugural Structures Awards, held Nov.17 in Miami, Nichols Brosch Wurst Wolfe & Associates was honored as a finalist in the Best Architecture & Design category for its work on the hotel.

The hotel’s opening also brought jobs to the community. In August 2016, a recruiting event sought to fill about 30 jobs.

Read the full article here

5 things to know, including Stiles plans $54M assisted living facility

posted on Wednesday, January 18th, 2017 by Marketing Director

M2E Client Stiles Corp. and Belmont Village have pitched a joint plan

1. A $54M plan

EXCLUSIVE: Stiles part of $54M assisted living facility proposal in Fort Lauderdale

Click here to read more

2. Billionaire expands land holdings

Billionaire Kenneth Griffin pays $85M for oceanfront land in Palm Beach

Click here to read more

3. How much your mayor makes

Your mayor makes how much? Here’s the breakdown, and the numbers might surprise

Click here to view the report

4. Hotel brand named

Hotel brand announced for the new tallest building in Fort Lauderdale

Click here to learn more

5. Loss on trade

Private equity firm boss takes $4M loss selling condo to NY real estate titan

Click here to read more

Fort Lauderdale Beach condo project begins construction

posted on Wednesday, January 18th, 2017 by Marketing Director

One of many valued M2E clients, Gale Residences Fort Lauderdale Beach, started construction on April 6, Newgard Development Group said.

The Miami-based developer is building the 129-unit project at 2900 Riomar St., across the street from the Intracoastal Waterway and a block west of the beach. It’s across the street from the W Fort Lauderdale. The condo will rise next to the historic Escape Hotel, which will be renovated and rebranded as the Gale.

The 12-story Gale Residences will have units ranging from two bedrooms and 800 square feet to three bedrooms and 2,100 square feet. Prices start in the $400,000s. Newgard said the project is more than 60 percent presold.

Read more here

These 2 garages in the City Beautiful aren’t so beautiful. It’s down to 2 ideas

posted on Monday, January 16th, 2017 by Marketing Director

The plan to redevelop two garages in downtown Coral Gables is moving closer to a decision from the City Commission and involves some major players in the South Florida development world.

TC Gables is a partnership between developers Terranova, ZOM and Gibson Development with design by Arquitectonica. Coral Gables City Center is a collaboration between The Allen Morris Company and Related, with design work from Zyscovich Architects.

The project is still far from an official vote on planning and zoning changes or site plans. But renderings and plans from both groups have been ranked and discussed by an evaluation committee and the City Center proposal is currently ranked higher.

“These garages are so important to the city and so strategically placed that whatever is built there will be important in defining the future of Coral Gables,” said Allen Morris, part of the Coral Gables City Center team.

Read more here

INSIDE LOOK: SFBJ’s 2016 Market Review

posted on Tuesday, January 10th, 2017 by Marketing Director

Heavy hitters in South Florida’s real estate arena gathered Dec. 15 at the SLS Brickell to offer an outlook on residential, office, industrial and retail development during the Business Journal’s 2016 Market Review.

The presenting sponsor was Related Group with corporate sponsors Suffolk Construction and Berkowitz Pollack Brant Advisors and Accountants.

Senior Reporter Brian Bandell moderated the panel with Malcolm Butters, CEO of Butters Construction & Development; Rick Kolb, senior VP of Suffolk Construction; Scott MacLaren, president of Stiles Corp.; Mike Pappas, CEO of Keyes Co.; Ken Krasnow, executive managing director of Colliers International;and Shea Smith, director of audit and attest services at Berkowitz Pollack Brant Advisors and Accountants.

Full article here

Housing Market Expected to Climb to All-Time High

posted on Thursday, January 5th, 2017 by Marketing Director

America’s housing market is more valuable than ever.

The combined value of every home in the U.S. is expected to climb to a record high of $29.6 trillion this year, up 5.7 percent from last year, according to Zillow, an online real estate marketplace.

The nation’s housing stock has regained all the value lost since the market’s collapse, the company’s latest report found. The total value of homes fell by $6.4 trillion between 2006 and 2012.

The Miami and Fort Lauderdale region was the eighth most valuable this year with its homes totaling $819 billion, or 2.8 percent of the nation’s overall housing value. The region’s rental market was the seventh most valuable with an estimated $12.3 billion paid in rent as of December 30.

Read more here

Lionheart Capital pitches two towers in Pompano Beach

posted on Wednesday, January 4th, 2017 by Marketing Director

A two-tower project has been proposed along the ocean in Pompano Beach by 1380 S Ocean Boulevard FL LLC, managed by Lionheart Capital CEO Ophir Sternberg.

The 4.6–acre site would have 105 branded residential units, 149 apartment hotel units, a spa/wellness center of more than 28,000 square feet, and 14 boat slips. The application doesn’t name the brand, but says it would be of high quality.

Lionheart Capital is currently building the Ritz-Carlton Residences Miami Beach.

Full article here

Best Wishes For A Wonderful Holiday Season

posted on Friday, December 30th, 2016 by Marketing Director

Related and sbe launch 2 resort projects in Mexico

posted on Wednesday, December 28th, 2016 by Marketing Director

After opening the sold-out SLS Brickell condo and hotel project, developer Jorge Perez and hospitality executive Sam Nazarian are collaborating again on two resort developments in Mexico.

Related Group, led by Perez, and Nazarian’s Los Angeles-based lifestyle hospitality company sbe have announced plans for two mixed-use projects in Mexico called SLS Zihuatanejo and SLS Cancún.

www.slscancun.com

Read the full article here

2016 Winners & Losers

posted on Tuesday, December 27th, 2016 by Marketing Director

Like most years, we had more to celebrate than not in 2016.

But, overall, the economy was affected by the various uncertainties including the U.S. presidential election, low-interest rates and turmoil in overseas markets.

M2E Client Lennar Corp. came out as one of the winners– Congratulations!

South Florida’s largest homebuilder is about to get bigger. Miami-based Lennar Copr. ( NYSE: LEN ) agreed to acquire rival WCI Communities for $643 million. That will give it control of 14,200 homesites in Florida.

Meanwhile, Lennar Chairman and CEO Stuart Miller has seen both revenue and profit increase for fiscal year 2016 as the company sold more homes nationwide.

Click for more

We wish you a Merry Everything <3

posted on Friday, December 23rd, 2016 by Marketing Director

We Believe In Santa, Do You?

posted on Monday, December 19th, 2016 by Marketing Director

Top developers opine on Miami condo market

posted on Tuesday, December 13th, 2016 by Marketing Director

This has been a challenging year for the Miami condo market, with slower sales, but most developers don’t believe the bottom will fall out.

JORGE PEREZ, CEO, The Related Group: “International demand will still come to Miami, but there are a lot of projects to choose from. Our company is shifting into the international market in Latin America, and into rental product and government-sponsored and affordable housing. We see us having less emphasis on the condo market, and we still think the rental market is very strong the next few years.

Follow the link for more

posted on Tuesday, December 6th, 2016 by Marketing Director

Related Group partnership favored to win bid for downtown Fort Lauderdale project

A partnership led by the Related Group received the highest score in a bid to build an apartment complex in downtown Fort Lauderdale’s Flagler Village.

The Miami-based developer received the top ranking from a Broward County evaluation committee among three firms that responded to the request for proposal (RFP) to develop the 1.1-acre site at 600 N. Andrews Ave. The Broward County Commission will decide on Nov. 29 whether to approve that ranking and commence negotiations for a land lease with the Related Group’s team.

Click to read more

posted on Friday, December 2nd, 2016 by Marketing Director

Lennar obtains $62M loan to build 386 apartments in downtown Fort Lauderdale

Lennar Corp.’s multifamily arm will soon commence construction of 386 apartments in downtown Fort Lauderdale’s Flagler Village neighborhood after obtaining a $61.76 million construction loan.

FAT Village: The Flagler Arts Technology district in Fort Lauderdale, is a playground for talented street artist.

FAT Village: The Flagler Arts Technology district in Fort Lauderdale, is a playground for talented street artist.

Read more

We are proud to announce

posted on Thursday, December 1st, 2016 by Marketing Director

posted on Monday, November 28th, 2016 by Marketing Director

Beachwalk Resort Earns ‘Florida Green’ Certification

Beachwalk Hotel & Condominiums, a 300-unit upscale high-rise resort, is the first building in Hallandale Beach certified as a “Florida Green” High-Rise Residential Building by the Florida Green Building Coalition (FGBC), after it successfully met the sustainability standards established in the FGBC Florida Green High-Rise Residential Building certification program.

The designation represents achievements in a number of categories, such as energy efficiency, water conservation, site preservation, indoor air quality, materials, and durability, including disaster mitigation

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Flagstone Free to Continue Watson Island Development Following Appellate Victory

posted on Monday, November 21st, 2016 by Marketing Director

Flagstone Property Group is free to move forward with its $1 billion mixed-use development on Watson Island, a project that has been plagued by litigation since its inception over a decade ago.

The first phase of the ambitious development—a luxury marina big enough for 50 superyachts—was completed early this year.

“That’s a significant milestone that actually was achieved and took place while this litigation was unfolding,” said Flagstone’s lobbyist Brian May.

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FIRST LOOK: Related Group and sbe hotels open SLS Brickell

posted on Thursday, November 17th, 2016 by Marketing Director

The Related Group and sbe Hotel Group will host the grand opening party of their SLS Brickell Hotel & Residences on Thursday night in Miami after recently completing the $400 million project.

The 55-story tower at 1300 S. Miami Ave. has 453 residential condos, 124 hotel rooms, two restaurants and a host of amenities. Its residents and guests can share facilities at sbe’s SLS South Beach and the SLS Lux currently under construction five blocks north in Miami.

Arash Azarbarzin, president of sbe Hotel Group, and Carlos Rosso, president of the Realated Group’s condominium division, in the Bazaar Mar restaurant at SLS Brickell.

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posted on Friday, November 11th, 2016 by Marketing Director

M2E continues to Dream Big & Boldly ! Thank you TEDx !

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Honoring for those who make a difference

posted on Wednesday, November 9th, 2016 by Marketing Director

M2E proud of The Lennar Corporation 2016 NPD Honoree

The Julia Tuttle Award for Community Involvement and Corporate Citizenship

As an exemplary model of corporate giving, Lennar Corporation has a distinguished history of support serving corporations and programs of Miami-Dade County since 1954. Under the visionary leadership of its founder, the late Leonard M. Miller, and now, his son, Chairman and CEO Stuart A. Miller, Lennar’s core corporate principles emphasize quality, value, and integrity. Lennar believes that being responsible to the community also means working to protect the quality of the environment, both during and after construction of development projects.

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Miami Trade Surplus Runs Counter to Trump’s View of U.S. Failure – Bloomberg Politics

posted on Friday, November 4th, 2016 by Marketing Director

Another valued M2E client, Mr. Jorge Perez from Related Group has a lot riding on Miami’s continued success. He has built many of the soaring condominium towers that have transformed the city’s skyline, his largesse has fueled Miami’s cultural boom.

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Multifamily Drew Notable Buyers, Prices Even With Widespread Construction

posted on Tuesday, November 1st, 2016 by Marketing Director

“Multifamily continues to be one of the most favored investment types,” Capas said. “The interest in southeast Florida as an investment market is stronger than ever. Going forward, you’ll probably see more new properties trade for no other reason than the fact that the development cycle is maturing and these properties are now at the point where they’re able to be sold.”

Rey Melendi, Chief Operating Officer

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Beware of Faulty Fire Sprinklers

posted on Wednesday, October 26th, 2016 by Marketing Director

M2E Consulting together with Siegfried against Faulty Fire Sprinklers

Fire sprinkler systems, part of a building’s “Life Safety System,” are a crucial component of condominium buildings because they help protect against damage to life and property in the event of a fire.  While maintaining these systems in proper working condition is important, making sure that the fire sprinkler system was properly designed and has compatible materials from inception is imperative.

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