Profiles
2023 Power South Florida
Introducing Commercial Observer's First-Ever Power South Florida List
From Citadel’s Ken Griffin, to Fontainebleau’s Brett Mufson, to Dacra’s Craig Robins, to Turnberry’s Jackie Soffer, these are the names who have made South Florida commercial real estate shine.
2021 Power 100
Commercial Real Estate’s Most Powerful Players
Recent News
THE REAL DEAL | JANUARY 2023
Landlords target home design tenants for empty MiMo District retail spaces
“The issue with these home design and home decor tenants is that they pop up when the residential market is red hot,” said Devlin Marinoff with DWNTWN Realty Advisors. “When the market cools, they go away.”
THE REAL DEAL | FEBRUARY 2023
South Florida Commercial Deals Go Cold
“The same phenomenon happens in the car industry,” Arellano said. “December is one of the busiest months for car sales, and January is one of the worst. It’s similar for commercial real estate investment.”
PROFILE | DECEMBER 2022
Brick & Timber Collective Acquires Wynwood Office Building CUBE WYNWD For $62 Million
Brick & Timber Collective has acquired Cube Wynwd, an office building in Miami’s hot Wynwood neighborhood, from Tricera Capital and Alex Karakhanian’s LNDMRK Development for $62 million. Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors represented both buyer and seller in the transaction.
COMMERCIAL OBSERVER | NOVEMBER 2022
Wynwood Levels Up With Pricey Condo Sales
The Wynwood condo deals are “a turning point,” said Dwntwn Realty Advisors’ Tony Arellano, a broker who’s been active in Wynwood for 17 years. “You can compare it to the good old days of neighborhoods like [New York’s] SoHo or the Meatpacking District. Buying in culturally vibrant growing neighborhoods has historically been a pretty good idea.”
MIAMI TODAY | NOVEMBER 2022
Tech, finance and dining fuel Wynwood realty
Wynwood commercial real estate continues to flourish as several large tech companies, financial institutions and top food and beverage concepts continue to choose this desired neighborhood as their headquarters.
PROFILE | NOVEMBER 2022
Development Site In Miami's Little River Neighborhood Trades For $13.3 Million
Creative neighborhoods like Little River have been the focus of a lot of attention and recent capital inflows. DWNTWN Realty Advisors and Gridline Properties worked together seamlessly on a complex transaction that will have a positive impact on Miami and the Little River neighborhood.
SOUTH FLORIDA BUSINESS JOURNAL | OCTOBER 2022
Development Site in Edgewater Sold For $20.5M
Devlin Marinoff of DWNTWN Realty Advisors brokered the deal for the seller. He marketed the site as having the development potential for 143 residential units of 285 hotel rooms in up to 36 stories. A project there could total 498,648 square feet.
THE REAL DEAL | OCTOBER 2022
Mexican restaurateur sells Edgewater development site for $21M
“This was an opportunity to complete a full-block assemblage on Biscayne Boulevard in Edgewater,” Marinoff said. “We called Maria Menzel a number of times trying to buy [her properties] or to see if she wanted to buy this one. She stepped up and bought it.”
COMMERCIAL OBSERVER | AUGUST 2022
Mixed-use Building in Miami’s Little River Asks $39M
“It’s very rare that you find a building with under-market rents at a good basis,” Arellano said. The buyer “could buy a six cap right now, but with an additional $10 a foot in market rents, [he or she] is gonna make a lot more money for sure.”
THE REAL DEAL | AUGUST 2022
Lease roundup: Brick & Timber, UBS nab tenants
Brandon Singer and Kim Levandovsky were part of the Retail by MONA team that worked with Solana, although another brokerage represented the tenant. Tony Arellano of DWNTWN Realty Advisors represented the landlord.
THE REAL DEAL | AUGUST 2022
Meet the commercial brokers making bank in Miami
DWNTWN Realty welcomes the techiesThe brokerage’s Tony Arellano and his team can tell you all about Silicon Valley’s influx to Wynwood. Founders Fund and Atomic were among the first new-to-market firms to hone in on the Miami neighborhood. They took 22,000 square feet at the Wynwood Annex in March of last year.
THE REAL DEAL | JUNE 2022
Robert Wennett sells warehouse complex near Miami Produce Center for $11M
Robert Wennett sold a warehouse complex near his Miami Produce Center redevelopment site in Miami’s Allapattah for $10.5 million. Ted Konigsberg with Infinity Commercial Real Estate represented the buyer. Joe Fernandez with DWNTWN Realty Advisors represented the seller, Miami Produce Center LLC.