Dan Marino and the W Fort Lauderdale

This week, newly formed MMD Realty launched sales at the residences at the W Fort Lauderdale. The brokerage is the brainchild of Michelle Farber Ross, formerly of Waterfront Properties, along with two equity partners: Mike Wekerle and football legend Dan Marino. (MMD comes from the first letters of each of their names.) The latter got involved through Ross, who was actually the listing agent on Marino’s home in Weston, which sold in February. Part of the new firm’s pitch is that 5 percent of company profits will be given to the Dan Marino Foundation, which provides support and intervention services for children with neurodevelopmental disabilities. The Real Deal caught up with the Dolphins great at the W Fort Lauderdale to talk about the new firm.
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Former Miami Dolphins quarterback Dan Marino is moving into the real estate game, founding MMD Realty in Fort Lauderdale with Michelle Farber Ross and Michael Wekerle, according to the Sun Sentinel. “Partnering with Michelle Ross and Michael Wekerle was a natural fit,” Marino said in a statement. The firm, which will launch sales at the W Fort Lauderdale residences this week, will give as much as 5 percent of its profits to charity. [Sun Sentinel] [more]

The Miami Dolphins football team is angling for public funds to pay for a stadium renovation effort, roughly a month after unveiling its massive redevelopment project to the public. While it was not immediately clear how much the planned construction would cost, the renovation would include the installation of a partial roof, high-definition lighting and 3,000 additional seats. Dolphins CEO Mike Dee hopes that he can piggyback his project on the county’s plans to launch a $500 million upgrade on the Miami Beach Convention Center, but some experts say that another recently approved, pricey athletic development — the $640 million ballpark planned for Little Havana — could hamper Dee’s plans. [Miami Herald]

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Former Miami Dolphins quarterback Bernie Kosar, a beloved figure in
Florida football, took a $4.2 million hit from National City Bank in a
judgment against his real estate and restaurant investments. It’s the
latest economic tackle for the former University of Miami and Cleveland
Browns star, who ended his NFL career with the Dolphins in 1996. The
latest legal clash, over an unspecified promissory note, follows
foreclosures on real estate investments in April and May, as well as a
slew of personal tax woes for the Weston resident. [more]