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.
Read MoreTechnology 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.
Read MoreThe 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.
Read More“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.”
Read MoreTwo 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.
Read MoreField 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.
Read More“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.”
Read MoreNew 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.
Read MoreTony 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.
Read MoreFurniture 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.
Read More“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.”
Read MoreFuse 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.
Read MoreRobert 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.
Read MoreA 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.
Read MoreMiami’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.
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