The Real Deal Miami

Miami brokerage Parinvest partners with banking group Credit des Alpes

September 21, 2012 11:15AM

Miami-based real estate brokerage and asset manager Parinvest has launched a joint venture with international banking group Credit des Alpes, the company announced today. The two companies have spent the past five years handling purchases of properties and hotel suites in Miami and Miami Beach, including the $254 million sale of the Saxony Hotel in Miami Beach. The deal allocates 50 percent of Parinvest’s holdings to Credit des Alpes. The two also plan to expand their operations to New York and Los Angeles. Parinvest was founded by Christian Parth in 2003. — Alexander Britell