The Real Deal Miami

Posts Tagged ‘edgardo defortuna’

  • TRD insider interview: Edgardo DeFortuna on attracting buyers

    Developer touched on strengthening pool of domestic buyers
    October 28, 2015 10:30AM
    pricey Developer Edgardo DeFortuna in an exclusive one-on-one interview

    During a break after a panel at The Real Deal South Florida’s Forum & Showcase, TRD New York’s managing web editor Hiten Samtani caught up with Edgardo DeFortuna, president and CEO of the Fortune International Group, to talk about what attracts buyers to Miami. … [more]

  • Ritz developers win suit alleging they blocked sale of neighbor to preserve view

    Tropicana Condominium Association had sought $120M in damages
    September 01, 2015 12:00PM

    Rendering of Ritz-Carlton Residences, Sunny Isles Beach

    Developers Edgardo Defortuna, Manuel Grosskopf and their companies won a legal fight with the condominium association at the Tropicana building in Sunny Isles, which had charged the developers with blocking a redevelopment of the nine-story Tropicana to preserve the oceanfront view at Ritz-Carlton Residences, Sunny Isles Beach, a 52-story condominium the developers are building next door. [more]

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  • Fortune International and Savills announce partnership

    Global RE firm has more than 600 offices and 30,000 employees
    August 13, 2015 09:45AM
    Jeremy Helsby, Savills chief executive, and Edgardo Defortuna

    Jeremy Helsby, Savills’ chief executive, and Edgardo Defortuna, Fortune’s president and CEO

    London-based Savills PLC and Miami-based Fortune International Group have formed an alliance, Fortune announced on Thursday.

    “The Miami real estate market is now one of the strongest and most international residential markets in the world, making Fortune’s membership of an international network all the more relevant,” Rupert Sebag-Montefiore, head of global residential for Savills, said in a statement. [more]

  • Ritz-Carlton developers accused of blocking sale of neighbor to preserve view

    Tropicana Condominium Association is seeking $120M in damages
    March 13, 2015 05:00PM
    Ritz Carlton Sunny Isles 2

    Rendering of the Ritz-Carlton Sunny Isles

    The condominium association at the nine-story Tropicana building in Sunny Isles Beach has filed suit against developers Edgardo Defortuna, Manuel Grosskopf and their related companies for allegedly blocking a sale of the Tropicana in order to preserve the oceanfront view at Ritz-Carlton Residences, a 52-story condominium that the developers are building next door. [more]

  • From left: Wendy Maitland, Edgardo Defortuna and Andrew Heiberger

    From left: Wendy Maitland, Edgardo Defortuna and Andrew Heiberger

    From the New York site: UPDATED, 2:25 p.m., Feb. 12: New York-based Town Residential is heading south this winter, in a new partnership with Miami-based Fortune International Group, a brokerage and development firm that sold $4 billion worth of real estate last year. [more]

  • 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]

  • 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]

  • 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]

  • 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]