2021
THE REAL DEAL | OCTOBER 2021
Music exec and songwriter buys Edgewater building in Opportunity Zone
Music label executive Carl Austin Rosen, whose hit song co-writing credits include rapper Post Malone’s “Rockstar,” paid $5.6 million for an Edgewater building that could house his music studio. Tony Arellano and Devlin Marinoff of Dwntwn Realty Advisors closed the deal on behalf of the seller for slightly less than the $5.7 million asking price.
COMMERCIAL OBSERVER | OCTOBER 2021
Post Malone’s Management Label Buys Wynwood Office Building
The management label that reps rapper Post Malone purchased a boutique commercial building near Wynwood for $5.6 million. The sellers — Simon and Antoine Karam of Fininvest Realty Corp — were asking $100,000 more than the final sale price, $5.7 million. DWNTWN Realty Advisors’ Tony Arellano and Devlin Marinoff, who announced the sale, represented the duo.
THE REAL DEAL | OCTOBER 2021
Lease roundup: Cruise line moving HQ to Doral, tech firm inks Wynwood lease
Technology company Ramp Financial inked a 8,205-square-foot office lease in the Wynwood Arts District. Tony Arellano and David Lerner of Dwntwn Realty Advisors represented the Wynwood Annex developers and landlords, Related Group and East End Capital.
PROFILE | OCTOBER 2021
Wynwood Annex Class A Office Building Hits 100% Occupancy as Ramp Financial & Field Trip Sign Leases
“We are proud of our role in curating Wynwood Annex with a roster of tenants who are truly changing the industries they operate in,” Arellano said. “Leaders of the technology and finance worlds who are relocating to Miami realize Wynwood is where they need to be.”
COMMERCIAL OBSERVER | OCTOBER 2021
Field Trip and Ramp Financial Sign Leases at Miami’s Wynwood Annex
Two high-growth startups have signed leases at the Wynwood Annex, an office property in Miami’s Wynwood neighborhood, the brokers on the deal announced. Tony Arellano and David Lerner of DWNTWN Realty Advisors represented the Wynwood Annex’s landlords, Related Group and East End Capital, in the two most recent deals, as well as in the previous ones.
THE REAL DEAL | OCTOBER 2021
Trippy: Canadian psychedelic therapy clinic to open first Florida site in Wynwood
Field Trip Health, a psychedelic therapy company, picked one of Miami’s trippiest neighborhoods for its first location in Florida. The Toronto-based company plans to open in Wynwood, The Real Deal has learned. Tony Arellano of Dwntwn Realty Advisors represented the landlord in the majority of leases at the Annex, including Field Trip.
MIAMI HERALD | SEPTEMBER 2021
Leaving downtown and Lincoln Road spaces behind, WeWork regroups in Miami
Tony Arellano, co-founder and managing partner at DWNTWN Realty Advisors, had assumed co-working spaces would be dead in the water given the realities of social distancing. Instead, he said, most co-working spaces in the area are operating at or near capacity, even as they maintain strict masking and social distancing requirements.
THE REAL DEAL | SEPTEMBER 2021
Making it rain in Miami’s Design District
“It’s not only in sales revenue,” Arellano said. “The real estate value of the Design District became minted. It is a multibillion-dollar neighborhood at this point. LVMH definitely made revenue from the stores, but its real estate shot to the moon.”
THE REAL DEAL | SEPTEMBER 2021
Lease roundup: New York pizzeria opening at Wynwood 25, logistics provider heading to Davie & more
New York classic Joe’s Pizza is opening its first Miami location at the mixed-use project Wynwood 25. Tony Arellano and Joe Fernandez of Dwntwn Realty Advisors represented the Wynwood 25 ownership group in the Joe’s Pizza lease. Dwntwn also is leasing the next-door Wynwood Annex office building, also developed by Related and East End.
THE REAL DEAL | AUGUST 2021
Australia’s Harbour Outdoor buys Miami Design District building for nearly $7M
Furniture design company Harbour Outdoor picked up a Miami Design District redevelopment site for $6.5 million. Tony Arellano and Devlin Marinoff, co-founders and managing partners of DWNTWN Realty Advisors, represented the seller ESJ. In the last seven years, DWNTWN Realty Advisors has handled 22 deals in the Design District totaling $205 million, Arellano said.
THE MIAMI TIMES | AUGUST 2021
Little Haiti caught up in gentrification
“Little Haiti is seeing significant multifamily investment activity in conjunction with the neighborhood’s overall expansion,” Marinoff crowed in the release. “Large-scale development in the pipeline for Little Haiti and surrounding neighborhoods will further fuel investor interest.”
THE REAL DEAL | JUNE 2021
North Miami studios, home to “Miami Vice” and “The Birdcage,” sells to developer that plans mixed-use project
Fuse Group, led by CEO Eyal Peretz, plans to create a town center with more than 400 multifamily units and an adaptive reuse of the studios, according to Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors, the brokers involved in the off-market sale.
THE REAL DEAL | JUNE 2021
Black Lion doubles down on Miami with purchase of Wynwood Arcade, Amara at Paraiso
Robert Rivani’s Black Lion Investment Group purchased the Wynwood Arcade and the nearby Amara at Paraiso property in Miami’s Edgewater for more than $25 million combined, as the firm doubles down on South Florida. Black Lion, based in Los Angeles, plans to invest more than $1 million into the Wynwood Arcade, adding outdoor dining on the north and south lawns and the remaining space on the rooftop, according to Arellano and Marinoff.
MIAMI HERALD | MAY 2021
Already-dense Edgewater is slated for two new high-rises. That’s just the beginning.
If you think Edgewater is already bursting at the seams, just wait. Also in play: a 2-story single-family house at 326 NE 26th Terrace, according to the listing agent Tony Arellano, managing partner at Dwntwn Realty Advisors. The lender-owned house is listed for $1.5 million, and the lender is looking to offload it by April. Zoning allows for a 36-story project with either 150 residential units or 300 hotel rooms.
THE REAL DEAL | APRIL 2021
North Beach development site hits the market for $18M
A development site owned by the Gaeta family in North Beach hit the market for $17.5 million. “Very rarely do you see an acre of land come to market on Miami Beach,” said listing agent Skyler Marinoff of DWNTWN Realty Advisors. The property could be developed into 67,500 square feet of mixed-use development, including a hotel, short-term rentals, apartments, retail and office.
PROFILE | APRIL 2021
Leading Venture Capital Firms Founders Fund and Atomic Sign 10-Year Leases At Wynwood Annex
Miami’s push to attract the tech industry continues in hyperdrive as leading venture capital firms Founders Fund and Atomic have signed 10-year leases at Wynwood Annex. OpenStore, an e-commerce joint venture between Founders Fund and Atomic, has also signed a 5-year lease for space in Wynwood Annex. The deal was overseen by Tony Arellano of DWNTWN Realty Advisors, who represented the landlord.
THE REAL DEAL | MARCH 2021
Founders Fund, Atomic and OpenStore ink long-term leases in Wynwood
Is Big Tech here to stay? Venture capital firms Founders Fund and Atomic and e-commerce company OpenStore signed leases for more than 22,000 square feet in Wynwood. Silicon Valley’s Founders Fund, which took a temporary space in Brickell earlier this year, is leasing the eighth floor at Wynwood Annex, a Class A office building in the trendy Miami neighborhood, Atomic signed a lease for the entire seventh floor and part of the fourth floor, and OpenStore is taking the larger portion of the fourth floor, Arellano said.
THE REAL DEAL | MARCH 2021
Pastis to open Miami restaurant in Wynwood
New York City institution Pastis is landing in Miami. The restaurant, Pastis’ first in South Florida, is expected to open in the summer of 2022. The restaurant, Pastis’ first in South Florida, is expected to open in the summer of 2022. Tony Arellano and Devlin Marinoff of of DWNTWN Realty Advisors were involved in Edelstein’s acquisition of the property last year and are marketing the remaining space.