Property Markets Group launches in-house brokerage for new developments

PMG Residential will start with E11even and Waldorf Astoria projects in Miami

Property Markets Group's E11even team and Waldorf Astoria team (PMG, iStock)
Property Markets Group's E11even team and Waldorf Astoria team (PMG, iStock)

Property Markets Group is bringing its sales in-house.

Miami and New York-based PMG formed a brokerage division to handle new development sales, The Real Deal has learned. The first two projects are E11even Hotel & Residences Miami and Waldorf Astoria Residences Miami.

The new Miami-based division, PMG Residential, is led by principal Sergio Pintos and managing broker Rodrigo Pintos, according to a press release. Sergio Pintos was previously vice president of sales at Craig Studnicky’s International Sales Group, known as ISG. ISG has often worked with PMG.

The developer and E11even Partners recently launched sales of E11even, a 65-story hotel and condo tower planned for Park West, a neighborhood northwest of downtown Miami. They’re working with Deepak Chopra to include a Chopra Spa & Studio. The 375-unit development’s prices start in the $300,000s.

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Sales manager Raquel Kaufman, agents Pablo Rodriguez, Reiner Perez and Liza Hernandez, and contract administrator Lauren Negrin will work on E11even.

Aura Aragon, Alejandra Castillo, Karine Carvalho, Daiana Quiceno, Christopher Tupper, and contract administrator Andrea Arinez will be on the Waldorf Astoria team.

Kaufman, Rodriguez, Aragon and Tupper previously worked for ISG or RelatedISG. Other agents were previously with Fortune, Property Markets Group Real Estate and Coldwell Banker.

The developer is expected to launch sales of Waldorf Astoria Miami soon. The 1,049-foot tower is planned for 300 Biscayne Boulevard in downtown Miami. PMG, Greybrook Realty Partners, S2 Development and Hilton are developing the luxury condo and hotel development.