“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.
Ah, dear old Dad! Always there for a kind word, sage advice, or just a friendly game of catch. As we celebrate Father’s Day 2015 in the Magic City, let’s pay homage to some of Miami’s most well-known father-child combinations in the worlds of business and real estate — and the numbers that illustrate their legacies and accomplishments:
102 years: Since the death of oil, railroad and hotel magnate Henry Flagler, generally recognized as the Father of both Miami and Palm Beach. [Palm Beach Post]
$2 million: Net worth of Jeb Bush in 1998, when he was elected Governor of Florida. As Mr. Bush attempts to follow in his father’s (and brother’s) footsteps by announcing his candidacy for the 2016 presidential election, some of the Miami resident’s past business dealings have come under scrutiny. [NYT]
30 years old: Age of Nick Arison (son of Carnival Cruise Lines and Miami Heat owner Micky Arison) when he became the basketball team’s CEO. The junior Arison is uniformly respected and admired within the NBA by players and executives alike, to the point where “Micky is becoming known around the league as Nick’s dad,” according to league commissioner David Silver. [Bloomberg]
4 million: Square feet of real estate owned by The Related Group in India. The company’s India operations are overseen by vice president Jon Paul Perez (son of Related founder Jorge Perez) who also directs some of the company’s projects in South Florida. The two work closely together — but Jon Paul does not seem to share his father’s famous passion for art. [The Real Deal]
$3 billion: Amount currently under development by Miami’s Terra Group, owned by father-son team David and Pedro Martin. The company has a highly diversified portfolio of South Florida real estate projects underway, including luxury condos and mixed-use and single-family projects. According to Master Broker Alicia Cervera Lamadrid, who has worked with both Martins, “I think the father has more of the caution of a very good lawyer. David is careful, too, but he’s also very much an entrepreneur. He has that clear, focused, driving vision of an entrepreneur.” [Miami Herald]
This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.