Archives for posts with tag: Miami

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July 25, 2017 (Miami, FL) – Prime office condominium located at 1000 Brickell Avenue has sold for about $900,000. Fabio Faerman from Fortune International Realty/FA Commercial Advisors was the broker representing both parts.

After being paying rent for, Faerman advised the buyer to about the benefits of purchasing instead of renting in a market where vacancy is as low as 9.4 percent in the second quarter of 2017. The office market in Miami-Dade has seen rental rates increased during 2017 which shows a continued demand for luxury office. Purchasing of the property made perfect sense for the client.

The building is in the heart of the financial district and offers deluxe office spaces. The proximity to major entertainment centers such as Mary Brickell Village and the new Brickell City Centre make of the subject property an exceptional asset. The unit features nice private offices and large space area. Plenty of sunlight from oversized windows and six assigned parking spaces.

“Investors interest is focused on the Great Miami Area, properties like the 1000 Brickell avenue offers a perfect opportunity to any investor to capitalized their money or for an end-user to settle their business in one of the most exclusive areas in Miami. In this case, we advised the clients on the purchasing of the property, based on the benefits of buying, amortization, depreciation, mortgages interest, deduction, etc.” Said Fabio Faerman, FIR Commercial Director.

About Fabio Faerman

CEO of FA Commercial Advisors and Commercial Division Director at Fortune International Realty. Also, a CCIM member, Commercial Real Estate Investment Advisor, Broker Associate, and for the last four consecutive years, he has been awarded as the #1 Nationwide Top Broker of Fortune International Realty.

 

 

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BrickellHouse & Fabio Faerman on the article published at TRD-Miami

 

July 25, 2017 (Miami, FL)Fabio Faerman Fortune International Realty/FA Commercial Advisors completed the sale of Brickell House ground floor retail at 1300 Brickell Bay Drive in Miami, Florida, to a European private investor. Brickell House’s high-end retail space was sold for $5.2 million and the sale netted 5% CAP rate for the investor. Mr. Faerman represented both parties in the transaction.

The commercial space totals 4,083 square feet on the ground floor and 1,104 square feet on the mezzanine level. The sale breaks down to about $1000 per square foot. The subject property houses “La Petite Maison” – the famous upscale French-Mediterranean eatery with locations in Dubai and London.

This is the first US location for the London-based French restaurant. Arjun Waney, the restaurateur known for Zuma and most recently Doa, is behind the international concept of “La Petite Maison”

Faerman, FIR Commercial Director and FA Commercial CEO, commented on the latest transaction. “This is a high-quality, class “A” asset with an excellent credit tenant in place – La Petite Maison – in an extremely strong submarket such as Brickell. This income producing property certainly represented a unique opportunity to own a prime retail space in Brickell, a very attractive market to both local and international investors.”

Miami is undoubtedly a global destination; a cultural and social axis where people and cultures mingle and grow, creating a metropolitan platform ideal for cultural and international venues.

Fabio Faerman and his team have consistently contributed to the progress of Brickell and the entire South Florida commercial real estate landscape by acting as a broker/consultant on high-profile transactions. Recently, Mr. Faerman proudly assisted on the closing of notable deals such as Cipriani, a luxury restaurant owned by the sons of famed restaurateur Giuseppe Cipriani,  and La Cantina Veinte, a refined Mexican locale in a glitzy space with an outdoor patio and authentic curios in the heart of Brickell.

 

 

About Fabio Faerman

CEO of FA Commercial Advisors and the Commercial Division at Fortune International Realty. Also, a CCIM member, Commercial Real Estate Investment Advisor, Broker Associate, and for the last four consecutive years, he has been awarded as the #1 Nationwide Top Broker of Fortune International Realty.

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

Orlean Pic

The largest company in the Brazilian wallpaper market
Orlean chose Design District to open its first showroom in America.

Friday, April 1, 2016 (MIAMI, FLORIDA) – Fabio F. Faerman and Alexandra Bonti of FA Commercial/ Fortune International Realty assisted Orlean -to find the perfect place for its first showroom in America. The lease transaction represented a value of $1 Million.

Orlean rented a total of 2,010 SF located at 3801 North Miami Ave in Design District. The deal was signed for 5 years. “Our client –Orlean- was looking for the perfect place to open its doors in the USA. We were able to understand their business, work with their needs and find them the ideal place in the ideal neighborhood for them: Miami design district” says Fabio Faerman.

Miami Design District it’s the perfect place for Orlean to open its first showroom out of Brazil. Founded in 1985 in Rio de Janeiro, the company has four stores in the best neighborhoods of Rio de Janeiro and Sao Paulo. Orlean is one of the leading wallpapers and fabrics distributors in Brazil and distributes its products in more than 1500 shops in the whole South America.

Opening this showroom in Miami it was part of Orlean’s expansion strategy. A showroom in Miami Design District, a neighborhood of high-end decoration will contribute to the brand display in America, which one of their main goals it is to establish Orlean as the major Florida wallpaper and fabrics display. They expect to open 15 shops throughout Florida in the next 3 years. Therefore, design district suits to implement their purposes.

Fifteen years ago, entrepreneur and Miami native Craig Robins recognized the potential of the Miami Design District and started acquiring and redefining properties in the area. Through careful stewardship. The Design District began to juxtapose design brands with internationally important art collections, phenomenal temporary and permanent art and design installations, and great restaurants.

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. They to offer international and local clients, the most exceptional service, and guidance through the commercial real estate process.

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. 

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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.

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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.

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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.

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Heater

Fabio Faerman represented the landlord in the signing of a Multi-Year lease for ‘Eat Greek’ new location in Brickell Avenue.

Fabio Faerman of Fortune International Realty / FA Commercial represented the landlord in this lease transaction.  

The space area is located next to La Provence in 1060 Brickell Avenue. This deal was signed for a 10 years lease plus 1/5 year option. Mr. Faerman led this second generation lease transaction from conception to execution, representing a total value of $2 Million.

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Eat Greek is an authentic, affordable Greek restaurant. This casual restaurant opened its first spot in South Beach then an expansive sibling in Edgewater, and now in the heart of Brickell Avenue. Decked out with murals of ancient gods, a vertical herb garden and a real Greek atmosphere gracious, friendly and hospitable. The varied menu hits all of the Hellenic highlights, from hummus, baba ghanoush, souvlaki and gyros to lamb chops and branzino.

Brickell, a premiere Live, Work, Play destination in south of Florida it’s a rapidly-growing area just south of downtown that is central to the city’s banking culture—and, increasingly, Miami’s culture at large. Brickell personifies the new Miami: it is rich, multicultural, and intensive, having become an “overnight neighborhood” of gleaming skyscrapers whose designs and coloration reflect the coral blue waters of Biscayne Bay.

Fabio Faerman and his team at FA Commercial are thrilled to contribute to the progress of Brickell 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 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.

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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 extensiveinternational 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.

Contact Information:
Fabio Faerman • CCIM • MBA • Broker Assoc.
Cell/WhatsApp +1.786.262.9966 • Office 305.400.6395
commercial@fir.com • www.facommercial.com

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China’s Millionaires Are Leaving China – Yahoo News

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Studnicky Makes Key Developer Predictions – GlobeSt

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Inside Faena’s Hotel And Arts Center, Opening Soon In Miami Beach (Photos) – The Next Miami

Top 5 biggest condo projects approved in Miami this past year – The Real Deal

Gary Nader’s Plan For Condo, Hotel Towers And Museum On Biscayne Boulevard – The Next Miami

Miami Beach moves ahead with convention center renovation – The Real Deal

Chetrit’s Miami River Project Gets FAA Approval – The Next Miami

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