Major key: DJ Khaled sells waterfront Aventura home for 40% discount

DJ Khaled, Julian Johnston, and Cat Gomez, with 3914 Island Estates Drive in Aventura (Credit: Life Style Production Group for One Sotheby’s)

DJ Khaled, Julian Johnston, and Caterine Gomez, with 3914 Island Estates Drive in Aventura (Credit: Life Style Production Group for One Sotheby’s, and C Flanigan/FilmMagic)

UPDATED, June 30, 11:45 p.m.: DJ Khaled is handing over the keys to his waterfront Aventura mansion.

The DJ and record producer, whose real name is Khaled Mohamed Khaled, is selling his five-bedroom, 6,697-square-foot home at 3914 Island Estates Drive for $4.8 million. The price marks a 40 percent discount from the nearly $8 million asking price in December 2018.

Janet Ben Zvi

Listing agent Janet Ben Zvi

It’s expected to close imminently, Corcoran Group’s Julian Johnston said. Caterine Gomez and Johnston represented the buyers.

Canadian businessman Simon Librati and his business partner Nahim Jorge Bonilla purchased the property, Gomez said. Librati and Bonilla founded PrimeMed Corp and also own Mandrake, a restaurant in Miami Beach. Johnston said he’s seeing an increase in Canadian buyers in the Miami market.

Librati, a former trader, was temporarily suspended from the U.S brokerage industry after individual traders working under his company allegedly manipulated the market, according to a Wall Street Journal article in 2018.

The New York Post first reported DJ Khaled’s sale.

The listing agent was Janet Ben Zvi of One Sotheby’s International Realty.

The four-story estate, built in 2001, features 14-karat gold chandeliers with Swarovski crystals, a granite staircase, wine room, chef’s kitchen, pool and Jacuzzi. It also has a media room and a master suite with a walk-in closet, and featured a separate closet for Khaled’s shoes.

Khaled currently lives in Miami Beach. In 2018, months before he listed his Aventura home for sale, he paid about $22 million for a nearly 13,000-square-foot waterfront mansion on Pine Tree Drive in Miami Beach, a property that features a safe room, gazebo, home theater and a four-bedroom guest house.

Khaled bought the Aventura property in 2014 for $3.84 million. It sits on a roughly 25,000-square-foot lot on Island Estates, near Privé at Island Estates.

Mujer agredida por un policía habla ante el Congreso

Mujer agredida por un policía habla ante el Congreso

Latoya Ratflieff,  recibió un disparo en la cabeza con una bala de goma de la policía el 31 de mayo mientras protestaba en Fort Lauderdale, declara en el Congreso. Por Redacción MiamiDiario Ratlieff señaló que “La policía de Fort Lauderdale me dejará cicatrizada para siempre y me disparará en la cabeza cada  31 de mayo”. […]

La entrada Mujer agredida por un policía habla ante el Congreso se publicó primero en Miami Diario.

Developers pivot from broker happy hours to drive-thrus, virtual sales launch events and more

Developers pivot from broker happy hours to drive-thrus, virtual sales launch events and more

Ana-Marie Codina Barlick, Louise Sunshine, and Matt Barry

Ana-Marie Codina Barlick, Louise Sunshine, and Matt Barry

Warehouse drive-thrus. Virtual video launches. Zoom open houses.

Gone are the days (at least for now) of the broker happy hour or sales launch event, forcing residential and commercial developers to come up with creative ways to pique agents’ interest.

Codina Partners and USAA Real Estate, along with their leasing team at Fairchild Partners, organized an event in mid-June: a caravan tour of a new industrial development in Hialeah called Beacon Logistics Park. About 50 brokers attended the tour — without leaving their cars.

Photos from the tour

Photos from the tour

Ana-Marie Codina Barlick, CEO of Codina Partners, said the idea stemmed from parents driving their kids to birthday caravans during the lockdown. “If the kids can do it, why can’t we do that?” Codina Barlick said. “[Brokers] are actually interacting more with the product this way because an event turns into happy hour.”

Developers who have typically lured real estate agents into their sales galleries and projects with open bars, charcuterie boards and presentations are now shifting gears in the face of a pandemic that discourages large gatherings of people, handshakes and the standard Miami kiss on the cheek.

At Beacon Logistics Park, brokers were greeted in their cars by a welcoming committee that handed out a branded bag with a large hand sanitizer and disposable masks. Later, they were given croissants from Bachour Bakery – a Codina Partners tenant at Downtown Doral. Inside the warehouse, stops were guided by signage and posters. The developers ended the tour by giving out gift certificates.

The event gave Codina Partners and USAA the chance to showcase the finished development to prospective brokers. Future tenants include Cargill, which signed a lease for 70,000 square feet at the project earlier this year, before coronavirus hit. Compared to other asset classes, “industrial really lends itself to a drive-thru,” Codina Barlick said.

Unlike industrial, residential developers can’t invite brokers to drive through their sales galleries.

One project, Monaco Yacht Club & Residences in Miami Beach, launched a “global virtual sales gallery” last week by sending out an e-blast video on Friday to Worldwide PR Affiliates, a partnership of public relations firms around the world that shared the video with their clients.

Fredrik Eklund during a recent webinar

Matt Barry, managing director of Optimum Asset Management USA, which is developing the luxury condo project, said the “virtual launch” allowed the developer to begin marketing the units again after a quiet period in March and April. The video was translated and sent out in different languages.

Prior to the pandemic, Optimum planned to host events in the Hamptons this summer and summer retreats in Europe to appeal to buyers. The sales center in Miami Beach is open by appointments only, and the developer plans to come up with more virtual events this summer, including virtual tours.

Similarly, CC Homes — a partnership between Armando Codina and Jim Carr — went from hosting events in Washington, D.C., New York and Connecticut to promote a single-family home community in Doral, to presenting online open houses.

Now, the Canarias at Downtown Doral sales team is hosting Zoom open houses to groups of brokers, according to Diana Ibarria, senior vice president of CC Homes.

“Our sales surprisingly have increased during the pandemic,” Ibarria said, pointing to less new inventory of single-family homes, due in part to owners’ hesitation to list their houses for sale.

More than 300 homes remain for sale out of 520 at Canarias, Ibarria said. Prices range from $590,000 to over $1.5 million.

Louise Sunshine, a strategic adviser for Fort Partners, who is working on Four Seasons-branded developments in Surfside and in Fort Lauderdale, said her advice to developers is “to just stop and rethink what they’re doing.”

Sunshine, a sales, marketing and development expert, began co-hosting a webinar series with Haute Living on art and design, bringing on Fredrik Eklund to a webinar in order to expand the project’s reach to the broker community.

“Fredrik commands a lot of attention and we have given him the exclusives for the penthouse,” she said. “In new development, you usually don’t give an exclusive to anybody. He’s able to draw a lot of attention to the building through his social media efforts.”

One aspect of new development is that agents are selling a project that hasn’t been completed yet, Sunshine said. Construction on the Four Seasons development in Fort Lauderdale is reaching the ninth floor. “In new development, really, what do they see? Everything they’re going to see when they get to a sales office,” she said.

Fort Partners has hit pause on all in-person events, only allowing appointment-only visits to the sales center.

Though it’s too early to know if the new tactics will result in closed deals, Sunshine is optimistic.

“The world has changed. Marketing and sales have gone digital,” Sunshine said. “We are finding that one out of four buyers will buy virtually.”

The post Developers pivot from broker happy hours to drive-thrus, virtual sales launch events and more appeared first on The Real Deal Miami.

Developers pivot from broker happy hours to drive-thrus, virtual sales launch events and more

Ana-Marie Codina Barlick, Louise Sunshine, and Matt Barry

Ana-Marie Codina Barlick, Louise Sunshine, and Matt Barry

Warehouse drive-thrus. Virtual video launches. Zoom open houses.

Gone are the days (at least for now) of the broker happy hour or sales launch event, forcing residential and commercial developers to come up with creative ways to pique agents’ interest.

Codina Partners and USAA Real Estate, along with their leasing team at Fairchild Partners, organized an event in mid-June: a caravan tour of a new industrial development in Hialeah called Beacon Logistics Park. About 50 brokers attended the tour — without leaving their cars.

Photos from the tour

Photos from the tour

Ana-Marie Codina Barlick, CEO of Codina Partners, said the idea stemmed from parents driving their kids to birthday caravans during the lockdown. “If the kids can do it, why can’t we do that?” Codina Barlick said. “[Brokers] are actually interacting more with the product this way because an event turns into happy hour.”

Developers who have typically lured real estate agents into their sales galleries and projects with open bars, charcuterie boards and presentations are now shifting gears in the face of a pandemic that discourages large gatherings of people, handshakes and the standard Miami kiss on the cheek.

At Beacon Logistics Park, brokers were greeted in their cars by a welcoming committee that handed out a branded bag with a large hand sanitizer and disposable masks. Later, they were given croissants from Bachour Bakery – a Codina Partners tenant at Downtown Doral. Inside the warehouse, stops were guided by signage and posters. The developers ended the tour by giving out gift certificates.

The event gave Codina Partners and USAA the chance to showcase the finished development to prospective brokers. Future tenants include Cargill, which signed a lease for 70,000 square feet at the project earlier this year, before coronavirus hit. Compared to other asset classes, “industrial really lends itself to a drive-thru,” Codina Barlick said.

Unlike industrial, residential developers can’t invite brokers to drive through their sales galleries.

One project, Monaco Yacht Club & Residences in Miami Beach, launched a “global virtual sales gallery” last week by sending out an e-blast video on Friday to Worldwide PR Affiliates, a partnership of public relations firms around the world that shared the video with their clients.

Fredrik Eklund during a recent webinar

Matt Barry, managing director of Optimum Asset Management USA, which is developing the luxury condo project, said the “virtual launch” allowed the developer to begin marketing the units again after a quiet period in March and April. The video was translated and sent out in different languages.

Prior to the pandemic, Optimum planned to host events in the Hamptons this summer and summer retreats in Europe to appeal to buyers. The sales center in Miami Beach is open by appointments only, and the developer plans to come up with more virtual events this summer, including virtual tours.

Similarly, CC Homes — a partnership between Armando Codina and Jim Carr — went from hosting events in Washington, D.C., New York and Connecticut to promote a single-family home community in Doral, to presenting online open houses.

Now, the Canarias at Downtown Doral sales team is hosting Zoom open houses to groups of brokers, according to Diana Ibarria, senior vice president of CC Homes.

“Our sales surprisingly have increased during the pandemic,” Ibarria said, pointing to less new inventory of single-family homes, due in part to owners’ hesitation to list their houses for sale.

More than 300 homes remain for sale out of 520 at Canarias, Ibarria said. Prices range from $590,000 to over $1.5 million.

Louise Sunshine, a strategic adviser for Fort Partners, who is working on Four Seasons-branded developments in Surfside and in Fort Lauderdale, said her advice to developers is “to just stop and rethink what they’re doing.”

Sunshine, a sales, marketing and development expert, began co-hosting a webinar series with Haute Living on art and design, bringing on Fredrik Eklund to a webinar in order to expand the project’s reach to the broker community.

“Fredrik commands a lot of attention and we have given him the exclusives for the penthouse,” she said. “In new development, you usually don’t give an exclusive to anybody. He’s able to draw a lot of attention to the building through his social media efforts.”

One aspect of new development is that agents are selling a project that hasn’t been completed yet, Sunshine said. Construction on the Four Seasons development in Fort Lauderdale is reaching the ninth floor. “In new development, really, what do they see? Everything they’re going to see when they get to a sales office,” she said.

Fort Partners has hit pause on all in-person events, only allowing appointment-only visits to the sales center.

Though it’s too early to know if the new tactics will result in closed deals, Sunshine is optimistic.

“The world has changed. Marketing and sales have gone digital,” Sunshine said. “We are finding that one out of four buyers will buy virtually.”

Horóscopo de Hoy, 29 de junio

Horóscopo de Hoy, 29 de junio

El Pensamiento de Hoy Una buena vida es aquella inspirada por el amor y guiada por la inteligencia. Beltran  Russell Por  la Doctora Aurora   Horóscopo de Hoy Aries (20 marzo-19 abril) Intuición Tu naturaleza intuitiva y fantasiosa esta acompañada de buena suerte; por eso saldrás adelante cuando toda esta tragedia pase, por ahora no […]

La entrada Horóscopo de Hoy, 29 de junio se publicó primero en Miami Diario.

Old West replica town in… New Zealand? hits the market for $7.5M

Old West replica town in… New Zealand? hits the market for $7.5M

A replica Old West town (Credit: Sotheby's International Realty via Bloomberg)

A replica Old West town (Credit: Sotheby’s International Realty via Bloomberg)

Every once in a while, a property home to a real or replica Old West town hits the market. Usually they’re actually in the American West. Not this one.

Rob Bartley has listed a replica of an 1860s Wyoming frontier nestled in a 900-acre ranch on New Zealand’s North Island, according to Bloomberg. That’s 7,500 miles or so from Wyoming.

Bartley, who bought the property from a friend for about $5 million in 2012, is asking $7.5 million for it.

It’s a business investment more than anything — the town hosts events every month or so, including weddings, family reunions, and corporate parties. That’s similar to what a group of investors are doing with a real 1860s mining town in California.

It’s also home to a Manuka tree farm that produces increasingly popular and pricey Manuka honey, which is said to have antibacterial properties. Last year the farm produced 15.5 tons of the stuff. Bartley sells it in bulk.
“There’s a lot of money there,” he said. “Especially with China coming back, now they’re paying big money for it.”

The previous owner was a cowboy enthusiast and built the replica town from 2002 to 2006. It has 10 buildings, including a licensed saloon, courthouse, sheriff’s office, and 13 guestrooms.

Activities available on the property include horse rising, archery, clay pigeon shooting, and hiking. Of course, guests can also play cards, drink, and listen to music in the saloon. [Bloomberg]Dennis Lynch

The post Old West replica town in… New Zealand? hits the market for $7.5M appeared first on The Real Deal Miami.

Old West replica town in… New Zealand? hits the market for $7.5M

A replica Old West town (Credit: Sotheby's International Realty via Bloomberg)

A replica Old West town (Credit: Sotheby’s International Realty via Bloomberg)

Every once in a while, a property home to a real or replica Old West town hits the market. Usually they’re actually in the American West. Not this one.

Rob Bartley has listed a replica of an 1860s Wyoming frontier nestled in a 900-acre ranch on New Zealand’s North Island, according to Bloomberg. That’s 7,500 miles or so from Wyoming.

Bartley, who bought the property from a friend for about $5 million in 2012, is asking $7.5 million for it.

It’s a business investment more than anything — the town hosts events every month or so, including weddings, family reunions, and corporate parties. That’s similar to what a group of investors are doing with a real 1860s mining town in California.

It’s also home to a Manuka tree farm that produces increasingly popular and pricey Manuka honey, which is said to have antibacterial properties. Last year the farm produced 15.5 tons of the stuff. Bartley sells it in bulk.
“There’s a lot of money there,” he said. “Especially with China coming back, now they’re paying big money for it.”

The previous owner was a cowboy enthusiast and built the replica town from 2002 to 2006. It has 10 buildings, including a licensed saloon, courthouse, sheriff’s office, and 13 guestrooms.

Activities available on the property include horse rising, archery, clay pigeon shooting, and hiking. Of course, guests can also play cards, drink, and listen to music in the saloon. [Bloomberg]Dennis Lynch

Horóscopo de Hoy 28 de junio

Horóscopo de Hoy 28 de junio

La Frase de Hoy       Por la Doctora Aurora     Horóscopo de hoy     Aries,  (20 marzo-19 abril) Justicia Te rebelas ante las injusticias, pero recuerda que en general es ciega, sorda y muda. Confía en la justicia divina porque la humana es ciega y muchas veces también es sorda y muda. […]

La entrada Horóscopo de Hoy 28 de junio se publicó primero en Miami Diario.

Mark Wahlberg-backed gym chain F45 plans to go public

Mark Wahlberg-backed gym chain F45 plans to go public

Mark Wahlberg and an F45 gym location (Getty, F45)

Mark Wahlberg and an F45 gym location (Getty, F45)

Crescent Acquisition Corp has agreed to acquire fitness company F45 Training Holdings and take the company public.

The deal values the combined companies at $845 million including debt and is expected to close in the third quarter, according to Bloomberg.
The post-acquisition public company will retain the F45 Training name and operations aren’t expected to significantly change.

As of last August, F45 had around 1,750 gyms across the globe, including several hundred in the U.S., its business is built around its suite of 45-minute workout classes.

F45 is popular with celebrities and last year sold a minority stake in the company to actor Mark Wahlberg.

Crescent Acquisition Corp is a special purpose acquisition company, often called a “blank check company” controlled by Crescent Capital Group. Public blank check companies are investment vehicles specifically designed to acquire and bring companies public.

Crescent Acquisition raised $250 million in its IPO last year and some of that money will go toward the F45 acquisition.

F45 was preparing to go public on its own earlier this year but the coronavirus pandemic threw a wrench in its IPO plans and forced the company to shutter some locations, according to Bloomberg. [Bloomberg] — Dennis Lynch 

The post Mark Wahlberg-backed gym chain F45 plans to go public appeared first on The Real Deal Miami.

Mark Wahlberg-backed gym chain F45 plans to go public

Mark Wahlberg and an F45 gym location (Getty, F45)

Mark Wahlberg and an F45 gym location (Getty, F45)

Crescent Acquisition Corp has agreed to acquire fitness company F45 Training Holdings and take the company public.

The deal values the combined companies at $845 million including debt and is expected to close in the third quarter, according to Bloomberg.
The post-acquisition public company will retain the F45 Training name and operations aren’t expected to significantly change.

As of last August, F45 had around 1,750 gyms across the globe, including several hundred in the U.S., its business is built around its suite of 45-minute workout classes.

F45 is popular with celebrities and last year sold a minority stake in the company to actor Mark Wahlberg.

Crescent Acquisition Corp is a special purpose acquisition company, often called a “blank check company” controlled by Crescent Capital Group. Public blank check companies are investment vehicles specifically designed to acquire and bring companies public.

Crescent Acquisition raised $250 million in its IPO last year and some of that money will go toward the F45 acquisition.

F45 was preparing to go public on its own earlier this year but the coronavirus pandemic threw a wrench in its IPO plans and forced the company to shutter some locations, according to Bloomberg. [Bloomberg] — Dennis Lynch