search

The Real Deal Logo

Trending

Glossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseBrookfield’s deal to sell 777 Tower in Downtown LA collapsesBrookfield’s deal to sell 777 Tower in Downtown LA collapsesDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it outSwig finds new bottom with DTLA office sale at $94 a sfSwig finds new bottom with DTLA office sale at $94 a sf
South Florida

Jorge Perez reflects on lessons learned

Jorge Perez during last month's MyBrickell celebration and MyBrickell
Jorge Perez during last month's MyBrickell celebration and MyBrickell

Jorge Perez insists that he and his Related Group have learned important lessons from the last real estate cycle and made critical changes in doing business this time around.

The Related CEO is delegating a lot more during the current cycle and emphasizing philanthropy and legacy, Perez told the Miami Herald in an in-depth profile. His $40 million donation of cash and art led to the city’s new art museum being named Perez Art Museum Miami (or PAMM).

Sign Up for the undefined Newsletter

Perez returned to the Forbes list of the 400 wealthiest Americans last year, checking in at No. 350 with an estimated net worth of $1.6 billion.

Related has restructured its company since the downtown so it is not as heavily reliant on condos. Of the company’s 29 projects under construction, only 12 are condos.

The company finished construction of the colorful MyBrickell last month. The building is the first Brickell condo project completed since the crash. [Miami Herald] — Eric Kalis

Tags
BrickellJorge PerezReal Estate CompaniesReal Estate GroupsRelated Group