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Edgardo Defortuna and a rendering of La Playa de Varadero

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end

Developer Edgardo Defortuna could launch sales of an oceanfront project in Sunny Isles Beach by the end of 2020, despite the pandemic. Defortuna, president...

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
Only 20% of Related Group’s commercial tenants paid rent in April

Only 20% of Related Group’s commercial tenants paid rent in April

Only 20 percent of the Related Group’s commercial tenants paid their rent in April, executive Jon Paul Pérez said...

Only 20% of Related Group’s commercial tenants paid rent in April
From left: Edgardo Defortuna, Ron Shuffield, Ana Bozovic, David Martin and David Arditi

The cold spell blanketing South Florida’s luxury condo market will continue in 2020, experts say

Luxury condo inventory in South Florida continues to climb to all-time highs, as sales volume remains stagnant — just as high-end projects such as...

The cold spell blanketing South Florida’s luxury condo market will continue in 2020, experts say
Edgardo Defortuna, an aerial of 18551 Old Cutler Road, and renderings of the project (Credit: Google Maps)

Cutler Bay axes Edgardo Defortuna’s plans for single-family development

Edgardo Defortuna’s 16-year plan to build a new development along Biscayne Bay in Cutler Bay was shot down by...

Cutler Bay axes Edgardo Defortuna’s plans for single-family development
Edgardo Defortuna, Ritz-Carlton Residences Sunny Isles Beach

Ritz-Carlton Residences Sunny Isles developers face second lawsuit from Tropicana

UPDATED, Oct. 29, 10:30 a.m.: Seven months after settling a lawsuit over a failed $115 million deal for the...

Ritz-Carlton Residences Sunny Isles developers face second lawsuit from Tropicana
Where are we in the cycle? Some experts say luxury condo market will remain ice cold in 2019

Where are we in the cycle? Some experts say luxury condo market will remain ice cold in 2019

Entering 2018, Mike Pappas predicted developers would start lowering prices on luxury condos to accelerate absorption in an increasingly oversupplied market. Looking back on...

Where are we in the cycle? Some experts say luxury condo market will remain ice cold in 2019
Edgardo Defortuna joins Peebles, Stern, Karmely and Karp for Future City 2019

Edgardo Defortuna joins Peebles, Stern, Karmely and Karp for Future City 2019

We’re thrilled to announce Fortune International’s Edgardo Defortuna will be joining other top South Florida real estate execs including...

Edgardo Defortuna joins Peebles, Stern, Karmely and Karp for Future City 2019
Judge dismisses lawsuit against Edgardo Defortuna tied to Jade Ocean

Judge dismisses lawsuit against Edgardo Defortuna tied to Jade Ocean

A Miami-Dade Circuit Court judge dismissed a lawsuit against Edgardo Defortuna that alleged the developer lied to lenders by...

Judge dismisses lawsuit against Edgardo Defortuna tied to Jade Ocean
Edgardo Defortuna faces lawsuits over two of his condo developments

Edgardo Defortuna faces lawsuits over two of his condo developments

UPDATED Dec. 17, 4:30 p.m.: Developer Edgardo Defortuna faced three lawsuits alleging he cheated small sources of project financing...

Edgardo Defortuna faces lawsuits over two of his condo developments
Fortune and Premier Developers complete two major condo projects

Fortune and Premier Developers complete two major condo projects

Developers recently completed two large condo projects, adding about 300 new units to the South Florida market. Closings are...

Fortune and Premier Developers complete two major condo projects
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