Archives for posts with tag: Florida

Bringing more art to Miami is something that nobody can object. I myself love the idea of more art inmetrorail-863816_1920 the city but what I do not agree is the fact that Miami’s residents have to pay some punishing fee for that.

 

There are already many taxes, fees, and delays when it comes to the approval of city’s permit for construction. Instead of charging these fees to residents I believe it should be charged to tourists, not high fees, small fees to tourists would be enough to reach the intended purpose.

 

Let’s not make more taxes. Let private institutions develop art in the city giving them more freedom. Let’s encourage more donations but no more taxes because all that does is generate expensive local prices, fewer jobs, and less economic growth for the city.

To read the ordinance click on the link below:

Miami Art Ordinance

Advertisements

Fabio Photo

Mr. Faerman has been Fortune international Realty’s #1 Top Producer Broker for the last three years, and a member of the Platinum Circle of sales for more than 10 years now.

For the third year in a row, Fabio has achieved the recognition as Fortune International Realty’s # 1 Top Broker. Exceptional professional ethics, superior understanding and mastery knowledge of commercial real estate are the qualities that make Fabio F. Faerman a top producer broker with over $500 M in commercial properties sales.

Fabio received this honor on Monday, February 29, 2016, during the annual Fortune Awards Ceremony held at the exclusive Brickell Avenue’s Conrad Miami Hotel. The award was presented by Edgardo DeFortuna, president and CEO of Fortune International Realty, Miami’s leading brokerage firm with a global reach.ea

“This prestigious recognition is a very significant achievement, not only for me but also for my entire team. I am very excited to provide my clients with the most exceptional service, and guiding them through the commercial real estate process with absolutely personalized care” said Fabio F. Faerman.

Fabio is always seeking excellence and performing at the highest level. Being an exceptional leader in Miami’s commercial real estate industry; Mr. Faerman closed the highest overall transaction volumes in commercial property sales and leases becoming the number 1 top producer broker on Fortune International Realty.

2015 was a very active year in the commercial real estate market seeing office sales at their highest levels in years and a decline in the vacancy rate, as well as hotel and retail development increases.  Fabio has made the most of these market conditions leading the sales team of One Flagler, a condo office conversion in the heart of downtown Miami. One year after winning the exclusive sales assignment of One Flagler, the iconic building is 90 percent sold. Constantly a contributor to Miami’s commercial real estate growth, Fabio has brought new and exciting businesses to the city as the one located at Millicento retail spaces in Brickell & Icon Brickell retail spaces. 

pics

***

About the Awards
Fortune International Group held once a year the Fortune Awards Ceremony where President and CEO Edgardo Defortuna takes the stage to congratulate Fortune’s top producers. Top producers made 2015 a success with over 4 billion in general real estate and development sales combined.
About Fabio F. Faerman
Fabio F. Faerman is the President & Chief Executive Officer of FA Commercial Advisors – Fortune’s Commercial Division. FA Commercial provides a complete range of commercial real estate brokerage services – including owner and tenant leasing, acquisition and sales, marketing and consulting – to owners, investors and lessees of all property types. Fabio has acquired a degree in Architecture from the University of Buenos Aires, a Master’s degree in Construction and Real Estate from the University of Madrid. He is also a Certified Commercial Investment Member and a Commercial Real Estate Investment Advisor.

Vimeo

Former Casa Santino Restaurant sells last remaining property for $1.2M

Casa Santino and social club of 1940’s – 1950’s was frequented by iconic celebrities including Frank Sinatra, Jimmy Durante, Tony Bennett, Dean Martin, Lucille Ball and others

10905 Biscayne Boulevard, the former site of Casa Santino Restaurant, sold for $1.2M.  Fabio Faerman and Jonathan Molano of FA Commercial Advisors / Fortune International Realty represented the seller in this transaction. This iconic property was sold in an all-cash deal.

20151217_105420

Fran Sinatra was one of the many celebrities that used to hangout at Casa Santino

Biscayne corridor is the place in Miami where historic meets hip. Where the worlds of art, culture, cuisine and entertainment collide. It’s the heart of the city. The Biscayne Corridor is now experiencing a cultural and commercial renaissance, attracting the attention of retailers, developers, restauranteurs and the artistic community worldwide.

“The retail corridor in Miami Shores and North Miami Drive is somewhat of a ‘hidden’ investment gem – in just 8 months’ time I have seen price-per-square-foot profits nearly double,” says Molano. The area for commercial deals is rapidly growing and brimming with tremendous development potential. Just last April, Molano and Faerman represented both the seller and the buyer at 11601 Biscayne, which closed at $65 psf.  FA Commercial currently has 3.5 acres on the market at 11201 Biscayne Boulevard as well as other off-market opportunities.

Fabio Faerman and his team at FA Commercial are thrilled to contribute to the progress of Miami and the entire South Florida’s commercial real estate market with deals like this. Recently, Mr. Faerman proudly assisted on the closing of many deals such as 4322 Hollywood Blvd., a former Blockbuster property. 16,676 SF residential lands located in Elm Street & N Surf Rd in Hollywood, FL. La Cantina #20 refined Mexican fare in a glitzy space with outdoor patio & authentic curios at the heart of Brickell; and Mizzen Plaza a strip mall strategically located in between Coconut Grove and US1.

About FA Commercial Advisors

FA Commercial Advisors provides a complete range of commercial real estate brokerage services – including owner and tenant leasing, acquisition and sales, marketing and consulting – to owners, investors and lessees of all property types. With an extensive international network of real estate professionals throughout the world, we offer local market knowledge on a global level.

About Fortune International Realty Commercial Division

The Commercial Division was created to offer specific advice and service to sophisticated clients, searching for a deep understanding of real estate businesses. This division has the purpose of coordinating and providing services to Fortune International Realty clients as well as residential and commercial associates interested in pursuing commercial real estate transactions.

footer

Hollywood-Land

Fabio Faerman of FA Commercial/Fortune International Realty (FIR) has brokered the sale of 16,676 SF residential lands located in Elm Street & N Surf Rd in Hollywood, FL at a price of $3,300,000 million. The fields, which are only separated by a street from the ocean, sold in an all-cash deal. Fabio Faerman represented the seller, who hold the property for more than 40 years.

These land lots are located in the Hollywood Beach Area of Broward County, Florida; in a mostly reserved land except for a few lots; the lots are surrounded by green, protected areas and are located in the corner across Hollywood Beach. “Since the lots are in a reserved area and only a few are available for sale and constructions, these properties represented a unique and exclusive deal for both, the buyer and the seller” Faerman said. The 16,676 SF are raw lots. The buyer plans to develop the property for future residential townhouses. In the same seller portfolio there are still available for sale 2 oceanfront lots of 6,400 SF. Lots are strategically located in N Surf Rd.

Hollywood, a classic Florida beachtown that’s enchanted visitors since the 1920s. Hollywood Beach features a one-of-a-kind oceanfront along the Atlantic Ocean. The easy ocean access and village-like feel make this a great destination for locals and turist. Numerous highly-rated restaurants, small inns and hotels right on the Broadwalk add a yesteryear charm. Hollywood Beach is among the first in Florida to be designated Blue Wave Beaches, a distinction that places them among the nations cleanest, safest and most user-friendly beaches.

Fabio Faerman and his team at FA Commercial are thrilled to contribute to the progress of Hollywood and the entire South Florida’s commercial real estate market with deals like this. Recently, Mr. Faerman proudly assisted on the closing of 4322 Hollywood Blvd., a former Blockbuster property. Currently, we have 2 new vacant commercial land listed for sale in Van Buren – Hollywood, FL. Additionally, Mr. Faerman and his team have worked on bring international business to South Florida such as Cipriani, a luxury restaurant owned by the sons of famed restaurateur Giuseppe Cipriani. Coya Restaurant already renowned in London and Dubai, Coya is an authentic yet modern Peruvian restaurant. La Cantina # 20 refined Mexican fare in a glitzy space with outdoor patio & authentic curios at the heart of Brickell. Mizzen Plaza a strip mall strategically located in between Coconut Grove and US1, the strip mall is next to Coconut grove metrorail station.

About FA Commercial Advisors
FA Commercial Advisors provides a complete range of commercial real estate brokerage services – including owner and tenant leasing, acquisition and sales, marketing and consulting – to owners, investors and lessees of all property types. With an extensive international network of real estate professionals throughout the world, we offer local market knowledge on a global level.
About Fortune International Realty Commercial Division
The Commercial Division was created to offer specific advice and service to sophisticated clients, searching for a deep understanding of real estate businesses. This division has the purpose of coordinating and providing services to Fortune International Realty clients as well as residential and commercial associates interested in pursuing commercial real estate transactions.

footer

 

20 Million And counting

By the end of 2013, Florida had passed New York as the third most populous state. By the middle of 2014, according to the U.S. Census, Florida’s population reached 19.9 million. The University of Florida’s Bureau of Economic and Business Research’s estimate is slightly lower – BEBR figures the population reached 19.81 million this April.

By either reckoning, Florida will have more than 20 million residents by the end of the year. Start with births, subtract deaths, add new arrivals from the U.S. and abroad, and Florida is gaining about 781 people per day – the equivalent of adding a city bigger than Orlando every year. In a quarter-century, the state’s population will hit 26.1 million, UF projects.

Some context: Florida is still growing, but not quite like used to. Recent decades saw the state add 3 million people per decade. Nor is Florida’s growth on par with growth in Texas, which is adding nearly 1,200 people a day.

Every Year, 285,000 New Floridians

Each year for the next five, Florida is expected to add about 285,000 people to its population. That increase will be spread across the state, of course, but seen collectively it amounts to adding a city bigger than Orlando each year.

20-M

Orlando City Soccer Club behaves like a real business

Mark R. Howard | 8/27/2015

With all due respect to the U.S. women’s World Cup soccer team and its world championship run, my favorite sports story this summer was a soccer story from Florida.

The Orlando City Soccer Club is the creation of Phil Rawlins, a businessman from the U.K. who settled in Orlando, and a Brazilian businessman, Flavio Augusto da Silva. Beginning in 2010, they operated the team successfully in the (lower level) North American Soccer League while seeking a Major League Soccer franchise, which they got in 2013. Orlando City signed a well-known Brazilian midfielder named Kaká to provide some start power and began MLS play in March, using the Citrus Bowl as its temporary home field.

Fans have been raucously enthusiastic. Orlando City sold out its entire offering of season tickets for 2015, and more than 60,000 attended the first MLS game. The team has been at or near the top in average attendance among MLS teams since then. Orlando City has marketed itself and Orlando vigorously as the “soccer capital of the South.”

Good for Orlando City. Good for Orlando.NewStadium

And now the part of the story that made it my favorite.

For better or worse, the owners of sports franchises in America have been able to leverage their teams’ visibility into claims on the public purse. By one accounting, professional football, baseball, basketball and hockey teams around the U.S. have received some $20 billion in subsidies for new facilities since 1990 – despite decades’ worth of studies and consensus among economist that the economic impact of sports stadiums is minimal and a bad deal for taxpayers. Eight Florida pro teams receive various kinds of state subsidies.

The ownership of Orlando City wasn’t shy about seeking public assistance for a permanent home field. It put together a deal with the city of Orlando and Orange County for a $115-million facility with about 20,000 seats. The city and county together went in for about $35 million to purchase and prepare a site.  Meanwhile, the team went begging to the state for $30 million, lining up with the Jacksonville Jaguars, Miami Dolphins and International Speedway Corp. (NASCAR’s owner), which all want taxpayer funds to expand or upgrade their venues.

A funny thing happened on the way to the public trough. The legislature got so caught up in trying to keep poor people from getting federal Medicaid money that it didn’t get around to the law that doled out to the wealthy team owners.

Orlando City could have done what the Jags, the Dolphins and NASCAR will likely do – double down on lobbyists and go back to Tallahassee next year. But it didn’t. The team had already begun to believe the market could support a stadium with 5,000 more seats than it had planned. And rather than wait on state funding, Orlando City decided that it would just build the stadium on its own, without taxpayers’ money.

The team is buying the stadium site and paying the city and county back what they spent for the land and improvements. It will finance its $130-million facility, own it and control all the associated revenue streams – concessions, fees for hosting other events, naming rights, etc. Like a real business.

Orlando City made it clear in announcing its decision that it didn’t have anything against public money and wasn’t trying to be the poster team for a new approach to stadium funding. Its decision was driven by its own needs, it said.

But in behaving like a real business, the team highlights what’s always been true – sports teams can operate with a lot less help from the government than they deserve. Incentives for firms creating jobs that pay well and broaden a community’s economic base are one thing, but why should taxpayers subsidize wealthy owners for whom the teams are basically toys? Some business groups, quick to complain about government “over-reach” and fiscal irresponsibility in some contexts, are silent when it comes to giving taxpayers’’ money to billionaires.

Those who make the argument that a city isn’t somehow validated until it has a professional sports franchise might consider Austin. The fastest-growing big city in America, Austin has focused state and local incentives on the tech industry and now has a tech sector any city in the country would kill for. The lack of a professional sports team doesn’t seem to have hurt either its development or sel-image.

Consider, also Jacksonville, which won’t be a great city until it develops its downtown, regardless how Jaguars perform. Or St. Petersburg, where the presence of the Tampa Bay Rays has been a non-factor in the emergence of a world-class-downtown. And where the city is beginning to realize that the 80 acres where Tropicana Field sits could generate a bigger economic bang as a tech hub than as a baseball field.

Meanwhile, Orlando City isn’t the only soccer franchise that has decided to pay its own way. The Los Angeles Football Club, an MLS expansion team slated to begin play in 2018, also has announced plans for a stadium – 22,000- seats, $250-million – that will be privately financed.

It may be that we’re entering an era in which communities have different notions of quality of life than before – a football or baseball team is a nice asset, but so is an arts community, good schools and a thriving entrepreneurial community. Doesn’t a team need a great city as much as a city needs a team? What does it say about a place if it has to bride a billionaire into staying put?

Orlando City’s decision to invest its own money in a stadium is about the best vote of confidence that the city of Orlando could get. The team may not establish a new template for all-private stadium financing, but they’ve shown that it’s possible. And the fans who come to the new stadium can enjoy the games secure in the knowledge that Orlando City didn’t have to squeeze other taxpayers to put their team on the field.

Originally published on

Florida Trend - The website for Florida business

Education is key to success “If you have knowledge and you work hard I believe you can accomplish anything.”  saidFabio Faerman – Fa Commercial’s CEO – in an interview with The MIAMI REAL ESTATE SHOW.

We invite you to view the whole interview here. Enjoy!

Univision Noticias interviewed Fabio Faerman regarding Beckham Group new MLS stadium in Miami.

Watch the interview now:


Russel Galbut is the managing Principle of Crescent Heights, one of America’s largest and most well-respected residential real estate developers. He and his family are a very important part of Miami Beach recent history. For more than 80 years, the Galbut family has been developing Miami Beach.Russel

Russel have been active in the urban mixed use real estate sector for over 35 years, Mr. Galbut and the Crescent Heights team are considered the “best in class” developer with a successful track record in new construction and renovations. Through today Mr. Galbut and Crescent Heights have completed such conversion projects in Miami Beach, as the Decoplage, Shelborne, Carriage Club, Carriage Club North, Castel Beach Club, Carriage House, Casablanca to name just a few. Together these conversions raised the assessed values of these buildings over 2 billion dollars in value which is the largest tax base increase brought about by any company in the history of the Island.

Last June 24th 2015 Mr. Russel Galbut was the special guest speaker on the 2nd series of LEAD: Leaders Empowering Action through Discussion, held at the Mondrian South Beach.

His presentation was excellent. Having one of the best Miami entrepreneurs in the Commercial Real Estate sharing his insides about the market and the business was an outstanding opportunity. Mr. Galbut talked about strategies that will be able to be applied to life and/or any line of work!

Here are some of the most relevant points of his presentation:

  • Excellence and quality, the money follows that
  • Reinvention every time
  • Experience
  • You can do a lot of money with Real estate. Why? Leverage
  • Special community work harder
  • How to go to the next level
  • Circumstances change!
  • Constant focus and desire to be better than before
  • Love what you do! You can work weekends
  • Never give up
  • Creation and fun
  • With education is easier to Success
  • As a leader you need to help build a community
  • 50000 south Florida conversions
  • FIFO, first in – first out!

Russell and the entire Galbut family believe in giving back to society and stand as pillars in our community.

Prime Development Opportunity in Biscayne Blvd.

Conveniently located on Biscayne Boulevard High Traffic Counts of 80,000+ Per Day Serves as a retail corridor Short drive to the beach Minutes away from the famous Bal Harbour Shops.

Potential Development Property Summary:

  •  Property Type:  Land
  • Lot Size:  140,697 SF
  • Dual Zoning:  BU-1A | RU-3M
  •  Area: 142,005 SQ. FT. (3.26 ACRES)
  • Commercial Office Building with 4 floors and
  • 38,000 SQ. FT.+/-
  • 3 Level parking garage with 144 cars
  • 2 Floors of apartments with appox. 42 units & about 49,000 SF of area surface parking for around 90 cars
  • Zoning is RU-3M in rear and BU-1A in front Excellent property to develop

Contact us for more information