Commercial brokers Devlin Marinoff and Tony Arellano have launched their own brokerage focused on Miami’s urban core.
Arellano left Tony Cho’s Metro 1 at the end of last year after 11 years with the company, he said. He was most recently promoted to executive vice president in 2014. “I started [at Metro 1] as an intern and it was time for some personal growth,” Arellano said.
Cho, founder and CEO of Metro 1, said he wished Arellano the best. “I’m very supportive and at a certain point people grow and people do their own thing. Our company is growing and expanding,” he said. “It was a natural progression for both of us.”
Marinoff shut down Whitehall Realty and opened Dwntwn Realty Advisors with Arellano in January. The new firm is based out of Whitehall’s former space on the border between Little Haiti and Miami’s Upper East Side. It includes five agents from Whitehall.
Just before the end of the year, they represented Alex Karakhanian in the $22 million sale of the Mason building at 3701 Northeast Second Avenue in the Miami Design District. Together, Marinoff and Arellano sold more than $300 million of commercial real estate in Miami over the last two years, according to a release. The new firm offers leasing, sales, marketing and advisory services.
Marinoff said his goal is “dominate the urban core market, from Little River to Brickell to downtown and in between.”