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PROFILEmiami South Florida Real Estate Development News

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PROFILE Pre-Construction Development Summit 2026 Presented By Sterling Risk at the Coral Gables Museum Banner.png
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Prosper Group and Versluys Group Close On Brickell Waterfront Land Assemblage For $50 Million, Set To Move Forward With $650 Million Luxury Development

August 5, 2026

A joint venture between Miami-based development company Prosper Group, led by CEO Jay Roberts, and Belgium’s Versluys Group, one of Europe’s leading luxury property developers, led by CEO Bart Versluys, have closed on a three-parcel assemblage for $50 million. Miami-based Vaster provided a $30.5 million acquisition loan.

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In Brickell, Banking, Commercial, Development, Development News, Development Sites, Finance & Banking, News, News & Features Tags News & Features, News, Development News, Development, Commercial, Prosper Group, Jay Roberts, Vaster Mortgage, Vaster Capital, Versluys Group, Bart Versluys, 66 SW Sixth Street, 66 SW 6th St, Two Roads Development, Newgard Development Group, Miami River, Brickell, Banking, Finance & Banking, Finance, Financing, Featured, 99 SW 7th St, 625 SW 1st Avenue, Lending, Development Sites, Bugatti Residences Miami
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PROFILEmiami Co-Founder Demetri Demascus, Pascal Nicolai (Sabal Development), Lourdes Alatriste (Douglas Elliman), Zach Simkins (Vaster Mortgage), Jose Boschetti Jr. (Boschetti Group)

Inside The 2nd Annual PROFILEmiami Spec Home & Ultra Luxury Real Estate Summit 2025

December 26, 2025

The 2nd Annual PROFILEmiami Spec Home & Ultra-Luxury Real Estate Summit, held last week at the state-of-the-art Lighting Loft in Midtown Miami in partnership with LUC Electric and Tidelli, was a resounding success—bringing together more than 150 of South Florida’s most influential developers, financiers, brokers, architects, designers, and luxury service providers for an evening defined by insight, connection, and elevated dialogue.

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In Development, Development News, Events, Luxury Real Estate, News, News & Features, PROFILEconnect, PROFILE Event, Residential, Spec Home, Past PROFILE Event Tags Events, Spec Homes & Ultra Luxury Real Estate Summit, PROFILEconnect, PROFILE Connect, News & Features, News, Development, Development News, Residential, Spec Home, Luxury Real Estate, Featured, Ross Samanchuk, Sergey Holovchenko, Ralph Choeff, LUC Electric, Kirk Ivy, IVY Punch, Pascal Nicolai, Sabal Development, Sabal Luxury Builder, Kobi Karp, Katya Demina, Demetri Demascus, Jordan Karp, Jordan Karp LLC, Lourdes Alatriste, Zach Simkins, Vaster Capital, Vaster Mortgage, Jose Boschetti, Jose Boschetti Jr., The Boschetti Group, Tidelli, The Lighting Lofts, Samaan Design Group, Choeff Levy Fischman
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South Florida Real Estate Titans Fortune International Group and The Related Group Partner On Vaster Capital

South Florida Real Estate Titans Fortune International Group and The Related Group Partner On Vaster Capital

January 10, 2019

Vaster Capital, a Miami-based direct, private lender specializing in customizing bridge loan products for domestic and foreign real estate investors, has announced a new partnership with national real estate development firm The Related Group, led by Jorge Perez.

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In Finance & Banking, News Tags Fortune International Group, Fortune International Realty, Related, Related Group, The Related Group, Edgardo Defortuna, Jorge Perez, Rialto, Rialto Capital Management, Vaster Capital, Finance, Financing, Finance & Banking, Lending, News
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Edgardo Defortuna, President and CEO of Fortune International Group & Founder of Vaster Capital (L), Shown with Carlos Rosso of Related Group (R). Photo via TAMZ

Edgardo Defortuna, President and CEO of Fortune International Group & Founder of Vaster Capital (L), Shown with Carlos Rosso of Related Group (R). Photo via TAMZ

Fortune International Group & Rialto Announce Launch of Vaster Capital to Help Foreign Nationals Close on Pre-Construction Condo Units

June 29, 2017

Fortune International Group & Rialto have announced the launch of Vaster Capital, a private bridge lender specializing in residential and commercial real estate. The goal of the company will be to fill a void in the marketplace for South Florida real estate investors seeking bridge loan products, including foreign nationals. Vaster Capital will have a major impact helping foreign nationals close on pre-construction condo units in which they are in with a 50% deposit. Fortune International Group (Fortune) is a Miami based real estate development company behind iconic towers such as Jade Signature, The Ritz-Carlton Residences, Sunny Isles Beach, and Auberge Beach Residences and Spa Fort Lauderdale; Rialto Capital Management is a Miami based real estate investment and asset management firm, which invests and manages assets throughout the capital structure in real estate properties, loans and securities, boasts a deep-rooted background in institutional lending and financial services. Vaster Capital has the ability to close loans much faster when compared to other lenders due to less bureaucracy and the use of technology. The firm plans to lend a substantial amount of capital in South Florida, with a goal to expand geographically in the near future. Vaster Capital has also formed a joint-venture with the Related Group, known as Vaster Capital II, to provide financing for buyers purchasing at Related’s portfolio of projects such as Paraiso Bay, Brickell Heights, Hyde Midtown, and SLS Lux. 

“Our goal has been to satisfy a long-standing gap within our marketplace, providing professional and customized bridge lending products while better servicing the Miami real estate investor,” said Edgardo Defortuna, President and CEO of Fortune International Group & founder of Vaster Capital. “This is a need I have always sought to address, appreciating that numerous buyers – both in the U.S. and beyond -- are interested in buying and selling real estate offerings in Miami, but do not have access to customized loan offerings that meet their specific needs.”

“Given both Rialto and Fortune’s knowledge of the real estate industry, along with Rialto’s extensive experience in real estate lending, Vaster Capital is structured to become an important lender in South Florida as well as other key markets, allowing borrowers to accomplish their financing needs through a seamless and efficient process,” said Eric Feder, Vice Chairman of Rialto Capital Management.

In News, Finance & Banking Tags Finance, Lending, Financing, News, Vaster Capital, Edgardo Defortuna, Fortune International Group, Rialto, Related Group, The Related Group
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The Tony Hotel South Beach Trades for $16.5 Million in Off-Market Sale .jpg
September 18, 2026
The Tony Hotel South Beach Trades for $16.5 Million in Off-Market Sale
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A longstanding Art Deco hotel in the heart of South Beach is entering its next chapter. The Tony Hotel South Beach has sold for $16.5 million in an off-market transaction, with its new owners planning a major renovation and continued operation of the Collins Avenue property.

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Royale Pizza Napoletana Set To Bring Tokyo-Style Neapolitan Pizza To Miami Beach This October 3.jpg
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Come Fall 2026, Miami Beach might soon be pilgrimage-worthy for diehard pizza enthusiasts with the opening of Royale Pizza Napoletana, the first Tokyo-style Neapolitan pizza restaurant in South Florida. It will also signal the stateside arrival of none other than iconoclastic Japanese pizzaiolo Chef Bun of the genre-defining Japanese Neapolitan pizza concept, Savoy.

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Full Floor Sky Mansion At One Thousand Museum By Zaha Hadid Architects Sells For $21.9 Million 2.jpg
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Full Floor Sky Mansion At One Thousand Museum By Zaha Hadid Architects Sells For $21.9 Million
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A 9,200-square-foot sky mansion inside One Thousand Museum by Zaha Hadid Architects just traded for $21.925 million. The residences occupies an entire floor at One Thousand Museum, one of the most ultra-luxury condo towers in Miami, complete with a helipad. The iconic exoskeleton tower, which overlooks Museum Park, was designed by the late starchitect Zaha Hadid.

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September 17, 2026
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