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☆ $2 billion marina development aims to turn Fort Lauderdale into 'mini Monaco'
▼ + stars: | 2024-10-30 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Courtesy: ArX CreativeA team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a "mini Monaco," according to executives. Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida.

Persons: —, Nick Perez, Jorge Perez, Jimmy Tate, Perez Organizations: Fort Lauderdale, Related, Miami, Tate Capital, Rok Enterprises, Fort, U.S, Enterprises Locations: Bahia Mar, Fort Lauderdale , Florida, Bahia, Fort, Fort Lauderdale —, South Florida, Monaco, Regis, Fort Lauderdale, Europe, Latin America

☆ The condo king of Miami bets his new Fisher Island luxury project can weather a recession
▼ + stars: | 2023-01-14 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +4 min

watch nowJust off the coast of Miami Beach, on ultra-exclusive Fisher Island, there is one crane on one construction site. It is the last plot of land available for development and an unlikely bet on luxury real estate at a time when the housing market appears to be in freefall. Jorge Perez, also known as "the condo king of Miami," and his Related Group are behind the 10-story, 50-unit project that boasts a sell-out price of $1.2 billion. The project includes a $90 million, 15,000 square foot penthouse and a $55 million ground-floor villa with a half-acre backyard. Miller added that the Fisher Island project, "may not sell in five minutes but it's not out of the realm of possibility even in this market."

☆ Jorge Perez bets on Fisher Island with new luxury condo sales
▼ + stars: | 2023-01-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJorge Perez bets on Fisher Island with new luxury condo salesCNBC's Diana Olick reports on new luxury condos sales in Miami's Fisher Island.

☆ In Miami, Stephen Ross and Former Partner Jorge Perez Are Now Potential Rivals
▼ + stars: | 2022-12-20 | by ( Deborah Acosta | ) www.wsj.com time to read: 1 min

Developers Stephen Ross, in a gray suit, and Jorge Perez have known each other since the 1970s. New York City developer Stephen Ross and Miami developer Jorge Perez had a partnership for more than 40 years. Their separate companies shared almost the same name. Now that alliance—along with an arrangement to essentially stay out of each other’s home markets—has dissolved. Mr. Ross’s Related Companies and Mr. Perez’s Related Group are free to compete head on.

Workers with Luma Energy attempt to restore power on a flooded street in Cabo Rojo, Puerto Rico, on Sept. 24. Since the hurricane, fuel and diesel have become essential to daily life in Puerto Rico, mainly to power the generators. People play pool in a bar on Sept. 20, in Cabo Rojo, Puerto Rico. 'Puerto Rico is completely devastated'When asked what she would want to see from the federal response and from President Joe Biden, she said she wanted Biden to come to Puerto Rico and see the extent of the damage. A house that was washed away by Hurricane Fiona at Villa Esperanza in Salinas, Puerto Rico, on Sept. 21.

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