Shahab Karmely, Edgardo Defortuna team up on bulk condo buy at Brickell City Centre
UPDATED, May 24, 1:45 p.m.: Swire Properties sold the remaining condos at Brickell City Centre in Miami, allowing the...
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Warburg Realty, Fortune International Realty team up
Two independent brokerages are joining forces to compete with national firms. New York City-based Warburg Realty and Miami-based Fortune...
Fortune International Group buys waterfront Pompano Beach site for $28M
Fortune International Group is the latest developer to bet on the Pompano Beach market. The Miami-based development firm, led...
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...
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...
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...
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...
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...
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...
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...
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