Tony Arellano and Devlin Marinoff

Commercial brokers Tony Arellano and Devlin Marinoff have facilitated some of Miami’s most closely watched sales and lease transactions across office, retail, multifamily and mixed-use properties. They’ve focused on neighborhoods surrounding the city’s urban core, including Wynwood, the Design District, Little River, Allapattah and Edgewater, where upzonings, rising rents and institutional interest have altered the investment landscape.

Arellano and Marinoff launched Dwntwn Realty Advisors in 2018, before the pandemic-era boom brought a wave of companies and ultra high net worth individuals to South Florida. Arellano previously worked at Metro 1, while Marinoff led Whitehall Realty. Over the course of their careers, the brokers have been involved in transactions totaling more than $3 billion, advising private owners, family offices and institutional investors.

At Dwntwn, Arellano and Marinoff have brokered high-profile deals including Rüfüs du Sol’s Wynwood headquarters, transactions tied to the Goldman family’s mixed-use holdings, and acquisitions by institutional buyers wagering on Miami’s continued growth. The duo have also forged longtime relationships with some of the biggest players in Miami commercial real estate. For instance, Arellano and Marinoff have represented David Edelstein’s New York-based TriCap and Crunch Fitness founder Doug Levine for years. Recently, they brokered the sale of TriCap and Ral Development’s Wynwood 1.6-acre assemblage for $33.5 million to Moishe Mana. They also represented Levine in selling a pair of Wynwood commercial condos for $23.5 million, and are marketing a half-block of Wynwood retail buildings also owned by Levine. 

— Francisco Alvarado