The Real Deal Miami

Posts Tagged ‘edgardo defortuna’

  • In “selling the dream,” sales centers in Miami go high-tech

    Latest features include touch-screen tablets and 3D projectors
    March 24, 2014 03:45PM
    High-tech sales center in Miami

    High-tech sales center in Miami

    Forget brochures. Today’s real estate marketing teams are setting up high-tech sales centers with imaginative images of dramatic penthouse views and designer interiors – all before the shovel is even in the ground. [more]

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  • Chateau, Fortune venture gets $25M loan

    Loan obtained for recent Sunny Isles Beach acquisition
    December 30, 2013 09:45AM
    Solis Resort Spa & Residences

    Solis Resort Spa & Residences

    A joint venture between Chateau Group and Fortune International has obtained a $25 million mortgage for the oceanfront Sunny Isles Beach property it recently acquired, The Real Deal has learned.

    Sunny Isles Property Venture, a company created by the development firms, received the loan from Mexico-based Banco Inbursa on Dec. 20, according to Miami-Dade County records. The county recorded the transaction on Friday. [more]

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  • asian-buyers-sofla

    Edgardo Defortuna and Eddy Martinez

    Fortune International Realty’s Edgardo Defortuna is in talks to team up with a broker who represents largely Chinese and Japanese real estate buyers, in an effort to draw them to Miami, Daily Business Review reported.

    Asian buyers are “the next wave of potential customers” in the market there, Defortuna said. Also, design and aesthetics, he said, are often key in persuading them to invest. Eddy Martinez of Worldwide Properties recently attended a luxury goods exhibition in Shanghai, while the Miami Association of Realtors traveled to several property shows throughout China. [more]

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  • Surprise bidder snags Sunny Isles property

    Company tied to Fortune International gets Solis Resort site for $41M
    November 21, 2013 12:05PM
    Solis Resort Spa & Residences

    Solis Resort Spa & Residences

    UPDATED, 12:05 p.m., Nov. 21: A third-party bidder with ties to Fortune International and Chateau Group has swooped in and acquired the Sunny Isles Beach site of the delayed Solis Resort Spa & Residences project with a $41 million bid in a foreclosure auction, The Real Deal has learned. [more]

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  • Fortune breaks ground on Jade Signature, 4th Jade tower

    Edgardo Defortuna saluted for helping make Sunny Isles the "Florida Riviera"
    August 29, 2013 02:36PM
    Jade Signature rendering

    Jade Signature rendering

    Construction teams began digging the underground parking garage for Fortune’s 192-unit Jade Signature project in Sunny Isles Beach.

    Fortune chief executive Edgardo Defortuna joined city officials including Sunny Isles’ Mayor Norman S. Edelcup to launch construction of the Herzog & de Meuron luxury condo, with apartments ranging from $1.7 million to $25 million, in a rainy ceremony. [more]

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  • Herzog & de Meuron unveil Jade Signature model

    The opulent, white stucco tower features the lush landscaping of Raymond Jungles
    August 15, 2013 01:00PM
    Jade Signature model

    Jade Signature model

    Pritzker prize-winning Swiss architects Herzog & de Meuron have unveiled a model of Jade Signature, the luxury condominium Fortune International is developing in Sunny Isles Beach, at the project’s sales office, Curbed reported. [more]

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  • Edgardo Defortuna

    Edgardo Defortuna

    Defortuna, 57, is president and chief executive of Fortune International, a real estate development firm and brokerage with projects currently underway in South Florida and Argentina. The company is preparing to break ground on its Herzog & de Meuron-designed condo, Jade Signature. The interview continues after the jump.

    Q. What is your role in the company?

    A. I run the company and get involved in all aspects of the deal-making and the design and creation of the projects, working with the architects and interior designers, and of course structuring the deal and putting the deal together. [more]

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  • Miami's 2 Midtown

    The 2 Midtown condominium in Miami’s Midtown development has named David Staples its sales director, according to Fortune International, the exclusive sales and marketing firm for the building. Staples previously oversaw sales at Axis on Brickell, also for Fortune. “David is an ideal choice to lead the sales team in Midtown Miami,” said Fortune International CEO Edgardo Defortuna. The 337-unit, mixed-use project is owned by Gold Krown Financial. — Alexander Britell

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  • A 2.2-acre site in Sunny Isles Beach has been purchased by a Fortune International Realty affiliate for $22 million, the South Florida Business Journal reported. The tract is the site of the stalled Paramount Beach condominium. The purchaser was Sunny Isles Beach Associates, an affiliate of Edgardo Defortuna’s Fortune International Realty. The seller was a company managed by Carlos Mattos, a former Colombian senator. [SFBJ]

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  • Midtown sells 39 units in two weeks

    April 19, 2012 11:15AM

    2 Midtown

    The 2 Midtown property in Miami has sold 39 of its remaining 61 units in two weeks, according to Fortune International, which is marketing the condominium tower. The sales include a penthouse unit that sold for $1.5 million. Most buyers are paying all cash, although Fortune is offering a mix of financing options for some units at the project, which is just south of 36th Street in downtown Miami. Fortune CEO Edgardo Defortuna told The Real Deal about his strategy at the property earlier this month. — Alexander Britell

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