Fanjul family, Goldman Sachs CEO buy at Faena

Miami /
Sep.September 15, 2015 02:15 PM

Two big names have appeared among those buying into the newly built Faena House condo tower in Miami Beach: the CEO and chairman of Goldman Sachs and a member of the Fanjul family, better known as the sugar barons behind Florida Crystals and Domino Sugar.

Units 8-A and 8-C were sold in separate deeds recorded this week in Miami-Dade County records. The first, 8-A, sold for $9.5 million to Lloyd Blankfein and his wife Laura. Lloyd is the CEO and chairman of Goldman Sachs, a major investment banking firm that oversees billions of dollars worldwide. He first joined the company in the early ’90s as head of its currency and commodities division. In 2006, Blankfein became the CEO. His net worth has since grown past $1 billion, according to Bloomberg.

Faena House is no stranger to the mega-rich. Rumors had surfaced early in Faena House’s development that Blankfein was one of the first buyers at the project, and an exclusive party held for the project during the 2013 Art Basel even drew guests such as Hollywood superstar Leonardo DiCaprio.

The second unit, 8-C, sold for $5.15 million to Sobe 8-C LLC. Corporate records show that Jose F. Fanjul Jr. is the company’s manager. Jose is a member of the Fanjul brothers that own and operate Fanjul Corp., a major player in the United States’ sugar industry. Its subsidiaries include Florida Crystals, Domino Sugar, Redpath Sugar and the California and Hawaiian Sugar Company.

In recent years, Florida Crystals began dabbling in multifamily development with its Atlantic Commons project in western Delray Beach. The 395-unit project broke ground last year.

Details about the Faena units were not immediately available. Finishes at the project typically include Venetian terrazzo flooring, polished Thassos marble counter tops, custom light fixtures, custom cabinetry and Miele appliances.


Related Articles

arrow_forward_ios
Ron DeSantis and Peter Thiel (Illustration by The Real Deal with Getty)
Peter Thiel on Florida real estate: “becoming like California”
Peter Thiel on Florida real estate: “becoming like California”
Affiliated Development co-founder Nick Rojo along with 9445 Fontainebleau Boulevard in Miami (left) and the Bohemian apartment project in Lake Worth Beach (right) (Getty Images, Affiliated Development, Google Maps, MSA Architects)
“Slamming on the brakes”: South Florida’s record rent hikes slow
“Slamming on the brakes”: South Florida’s record rent hikes slow
Clockwise from top left: One Sotheby’s Jorge Uribe, Compass' Ida Schwartz, Fortune International Group's Edgardo Defortuna and Royal Palm Companies' Dan Kodsi (Illustration by Kevin Rebong for The Real Deal)
Slowdown hits South Florida’s hot resi market: Here’s what that means
Slowdown hits South Florida’s hot resi market: Here’s what that means
(Illustration by The Real Deal with Getty Images)
South Florida’s June resi sales drop by double digits
South Florida’s June resi sales drop by double digits
(iStock/Illustration by The Real Deal)
Miami again ranks as nation’s least affordable housing market, followed by LA, NY
Miami again ranks as nation’s least affordable housing market, followed by LA, NY
US HUD Secretary Marcia Fudge (Getty, iStock)
A heavy crown: HUD secretary declares Miami “epicenter” of nation’s housing crisis
A heavy crown: HUD secretary declares Miami “epicenter” of nation’s housing crisis
Residential sales fall in Southern Florida
Residential sales fall in April across South Florida
Residential sales fall in April across South Florida
10061 Southwest 60th Court in Pinecrest with Dr. Robert DerHagopian (Google Maps, Miami Cancer Institute)
Miami breast cancer surgeon Robert DerHagopian sells Pinecrest house for $6M
Miami breast cancer surgeon Robert DerHagopian sells Pinecrest house for $6M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...