Inside Miami Herbert Business School's Accelerated MBA in Real Estate: The Best Way To Take Your Career In Real Estate To The Next Level

Miami, and South Florida in general, are growing hubs for commercial and residential real estate, making the University of Miami Patti and Allan Herbert Business School one of the best places to study for those looking to take their real estate careers to the next level. The Miami Herbert Business School’s Accelerated MBA in Real Estate prepares students to succeed in commercial real estate market careers while offering students the opportunity to participate in two paid internships with some of the top firms in the commercial real estate industry. The students also become proficient at Argus, making them an attractive candidate to major firms who use the real estate software.

The Accelerated Real Estate MBA combines the expertise of Miami Herbert Business School strengths in management education with the School of Architecture, a leader in New Urbanism. In the program students learn from global real estate leaders, strengthen their business foundation with a real estate focus, and have the opportunity for up to two paid internships with firms, such as Brookfield, Fortune International, Mast Capital, Nuveen, Related Group, The Kislak Company, and more. Each student is paired with an industry mentor for career advice and networking connections throughout their time in the program.

The program leaves graduates well networked in the Miami real estate industry and prepared for a successful career in commercial real estate. Students study topics such as real estate finance, private equity modeling, underwriting, real estate development, ground leases and other essential topics. They also work in real time on a development plan for a local property and meet with industry mentors to work through the development process in real time with hands on oversight.

“The Accelerated Real Estate MBA really immersed me in multiple sides of the commercial real estate industry that I had not been exposed to before and it really helped drive my career forward. Even if you are coming from a background in real estate the classes such as real estate finance and real estate development give you the tools you need to contribute from day one at a large real estate shop," said PROFILEmiami Co-Founder Demetri Demascus who graduated from the program in 2021.

Students are provided many intimate networking opportunities with industry leaders throughout the program. The Miami Herbert Business School attracts local, national, and international industry experts to the annual University of Miami Real Estate Impact Conference, which Accelerated Real Estate MBA students have the opportunity to attend with real estate titans such as Stuart Miller, Edgardo Defortuna, and Allen Morris. Last year featured speakers included John Buck of The John Buck Company as well as Miami-developers Armando Codina and Jay Massiman. Roy March of Eastdil and Ralph Rosenberg of KKR were featured last year along with Jonathan Tisch.

The school also hosts an annual Impact Investing in Commercial Real Estate Competition, showcasing innovators and trendsetters who are shaping the future of real estate. In the past, teams from University of Miami, Wharton, Colombia, and Cornell have all placed in the competition. Both the conference and the competition give students exclusive access to extensive networking opportunities.

Miami Herbert Business School's Accelerated MBA in Real Estate is the best way to take your career in real estate to the next level. The Accelerated Real Estate MBA program is designed to meet the needs of the student with an undergraduate degree in business and at least one year’s full-time work experience before the late May 2024 start date. Applicants must demonstrate successful completion of the core business courses: Financial and Managerial Accounting, Microeconomics, Macroeconomics, Statistics, Calculus, Organizational Behavior, Operations Management, Marketing, and Finance.

How to Apply:

Applications for the program class that begins in late May 2024 are now open. To obtain detailed program admission information, please reference the program brochure which can be requested by contacting Graduate Business Admissions at 305-284-2510, by email at mba@miami.edu, or visiting Miami Herbert Business School’s website: www.herbert.edu.

If you would like to receive a preliminary admissions decision about your candidacy within two business days, please email your current resume to:

Dr. Andrea Heuson, Academic Director of Real Estate Programs at Miami Herbert Business School: aheuson@bus.miami.edu

You will receive a confirmation that your resume was received within one business day. If you do not receive that confirmation, your resume may be blocked in a spam filter. In this case, please contact Chuck Somma at csomma@miami.edu for instructions on how to ensure your resume is received by Professor Heuson.

Miami Herbert Business School has created merit-based scholarships for up to $10,000 for students who begin their application before October 15, 2023, and verify enrollment by November 15, 2023. These scholarships are in addition to the generous support provided to all incoming students by Miami Herbert Business School and the paid internship in the first six months of the program.

Applicants who want to be considered for internships at national real estate firms should begin their application by October 15, 2023. For all other internship opportunities, applications must be completed by February 15, 2024, for consideration. However, it is best for students to complete their application earlier. Keep in mind that the online application is the first step, and supporting materials may be submitted after your application is received.

Once you begin your application, please reach out to schedule a call or an in-person meeting with Professor Heuson to discuss your desired internship focus. This meeting will lead to instructions on how to apply for a waiver of the application fee.

Prospective students can begin their application on the BusinessCAS platform. We look forward to connecting with you throughout the application process. Please do not hesitate to reach out should you have any questions.

Request More Information on Miami Herbert Business School's Accelerated MBA in Real Estate:

Images via University of Miami

PROFILE Exclusive: 12 Questions With Restaurant and Entertainment Mogul Mathieu Massa of Queen

PROFILEMiami had the exclusive opportunity to sit down with hospitality mogul and real estate investor Mathieu Massa, who recently opened Queen, one of Miami’s hottest new restaurants in the historic Paris Theater on Miami Beach’s Washington Avenue. Mathieu leads Mr. Hospitality Group, which has opened hotspots such as Marion, El Tucán and Queen. He also oversees Massa Investment Group LLC, a fully integrated investment firm specializing in real estate development and hospitality which he launched in 2007. Massa Investment Group recently revealed plans to acquire the former Starwood Capital HQ in Miami Beach with Robert Rivani’s Black Lion Investment Group for $82 million.

Born in the French Riviera, Mathieu Massa hails from a family of entrepreneurs. His early inspiration comes from a lineage of great men that dates back to his great-grandfather, Sylvain Emile Massa, who migrated from Italy and settled in Cannes, France in 1908. Guided by the family’s entrepreneurial spirit from generation to generation, Mathieu embarked on a start track of higher education receiving his MBA degree from the prestigious school H.E.C in Paris and Babson College in Boston.

After graduating in 2007, Mathieu settled in Miami where he launched his private equity firm Massa Investment Group LLC. Massa Investment Group is a fully integrated investment firm specializing in real estate development and hospitality. Though initially focused on purchasing distressed assets following the subprime crisis of 2008, the company comprises all aspects of real estate development—from due diligence and positioning to branding, marketing, construction, and design.

Mathieu founded Massa Construction Group in 2009 and is well-versed in projects spanning from commercial, and residential, to hospitality and mixed-use structures. Notable projects include an extravagant villa in Cannes, France, which sold for 13 million euros in 2017, alongside four sprawling waterfront homes in Miami Beach, developed between 2015 and 2019. Three of these residential projects occupy Prairie Avenue, while the pinnacle of luxury resides within the esteemed Sunset Islands III.

Mathieu’s step into the hospitality world would then come by chance when he was approached by the famed Bâoli Cannes team to assist with the restaurant operations of their new venture in Miami Beach, a small Italian restaurant on Collins Avenue, known as Vita. First, Mathieu purchased a 50% stake in the business in 2009, and two years later took on sole ownership, transforming the sleepy Italian restaurant into the thriving Bâoli Miami we know today. The biggest overhaul was by far the entertainment, Bâoli Miami was Miami Beach’s first supper club, introducing a sophisticated dinner party concept with late-night entertainment that’s now synonymous with the city’s nightlife scene. In 2014, after the immense success of Baoli, which was named one of the best restaurants in Florida, Mathieu founded Mr. Hospitality, which would soon become the driving force behind Miami’s most successful and upscale dining establishments.

In 2023, Mathieu revealed his plans to take over the historic Paris Theater building in Miami Beach and convert it into an unprecedented and exquisitely lavish destination for fine dining and entertainment under the esteemed operation of Mr. Hospitality Group. Led by Mathieu’s visionary leadership, the 23,000-square-foot Miami landmark was meticulously transformed into an ultra-luxurious modern Japanese restaurant and lounge, coined Queen Miami Beach. The $40-million-dollar redevelopment endeavor has introduced a new level of luxury dining, since opening its doors to the public in February 2023, and marks only the beginning of Mathieu's ambitious plans to further elevate and revitalize the premier hospitality development landscape in Miami Beach.

PROFILEmiami recently caught up with Mathieu following the launch of his newest addition to Queen Miami Beach, Queen Omakase, to see how he creates trailblazing venues giving guests a heightened, luxurious entertainment-driven experience and finding synergy between real estate and design, and investing:

PROFILEmiami (PM): Tell us about your roots? Where did you grow up? What is your background?

Matthew Massa (MM): I was born and raised in Cannes, France, a city famous for hosting the annual film festival on the French Riviera. After completing my education at a business school in France, I pursued an MBA at Babson College in Boston. In 2007, I made the decision to settle in Miami, opting to take a chance on a new path in a different location rather than returning to France to manage the family businesses, which included ventures in tires, wine, and horses, among others.

PM: How did you get involved in the hospitality industry? What was your first venture into hospitality?

MM: In 2009, I was approached by the owners of Baoli in Cannes to assist with their new venture in Miami Beach, which consisted of the restaurant operations of a small Italian restaurant on Collins Avenue and 19th Street called Vita. While my background was in real estate and finance, I quickly developed a passion for the hospitality and restaurant industry as I worked tirelessly on this project. Within a few months, I became a partner, and after a year and a half, I assumed sole ownership. This marked the beginning of Baoli Miami's transformation into the thriving establishment it is today.

PM: As a hospitality entrepreneur, where do you draw your inspiration? Is there a signature vibe or features of the hospitality experience that are unique to you and your institutions?

MM: I draw my inspiration from my travels around the world: Saint Tropez, Montecarlo, Ibiza, Japan, Brazil, China, Russia, etc.. What sets us apart as a business is our distinctive European approach to people, cuisine, and service. This international perspective infuses our institutions with a unique blend of influences and a signature vibe that differentiates us from the local competition.

PM: What are they keys to running a successful world class restaurant, like Queen, in a global city like Miami?

MM: Running a successful world-class restaurant in a global city like Miami, such as Queen, requires a commitment to excellence, discipline, and unwavering consistency. Attention to detail is key, ensuring that every aspect of the guest experience, from the cuisine to the ambiance, contributes to creating a special and memorable visit. Attentive hospitality, adaptability, and innovation are also key to staying ahead of evolving trends and guest preferences.

PM: Where did the idea for Queen come about? What inspirations helped you evolve the concept?

MM: The idea for Queen was born from the space itself, which possessed undeniable uniqueness, theatricality, and spectacle. The concept organically evolved around the distinctive characteristics and existing conditions of the real estate structure.

PM: How did you acquire the property and the journey to the grand opening?

MM: The journey to Queen's grand opening began with my decision to acquire the property in November 2019. However, in March 2020, the onset of the COVID-19 pandemic brought uncertainty to the restaurant industry, with closures happening worldwide. I had to make a difficult decision about proceeding with the purchase. It was undoubtedly one of the most difficult choices I've ever made, but ultimately, it turned out to be the right one. It then took 3 years of tireless work and unwavering dedication to transform the property into what is now one of the world's most spectacular restaurants.

PM: What makes Queen so much different than any other dining experience in Miami?

MM: What distinguishes Queen is its exceptional attention to detail in crafting a truly immersive, theatrical guest experience. From the moment you step through the front entrance, you're enveloped in an atmosphere that seamlessly blends theatricality with elegance. The journey continues into the main dining room, where an open kitchen adds an interactive element to the guest’s dining experience. With multi-level spaces, state-of-the-art sound, lighting, video, and special effects, Queen sets the stage for a memorable evening. What truly sets Queen apart is its commitment to glamour and sophistication, from the meticulously curated decor and captivating art program to the elegant dress code and high-level execution of cuisine and service.

PM: Tell us about Queen Omakase. When did you decide to add the private omakase room dining component?

MM: This was decided during the design phase of the project, which actually took place during the middle of the covid lock down. Our primary objective was to introduce an exclusive, intimate, and captivating dimension to enhance our guests' experiences.

Omakase is one of the most demanding and respectful forms of dining between the Chef and the customer. What is different about curating the Queen Omakase experience for your guests? How is it different from other omakase experiences in Miami?

Our omakase room is designed to evoke the feeling of a residential open kitchen, creating an inviting and personalized atmosphere reminiscent of dining in someone's home. What truly sets us apart is the exclusive speakeasy-style access to the omakase room, guiding guests through the main kitchen and back-of-house areas for a very special and exciting journey. The omakase room itself is a masterpiece of posh, sophistication, and glamour. From the bamboo-style wallpaper to the custom Murano glass chandelier, vintage lighting fixtures, and art pieces, these elements combine to envelop guests in an atmosphere of elegance and refinement.

PM: Why did you choose Chef Max Kamakura to oversee Queen Omakase?

MM: Chef Max Kamakura was chosen to lead Queen Omakase due to his unique blend of traditional sushi expertise and innovative approach to Japanese cuisine. As a fourth-generation sushi chef from a family deeply rooted in tradition, Chef Max brings a wealth of experience and a commitment to excellence. What sets him apart is his ability to infuse traditional techniques with globally sourced ingredients, resulting in a one-of-a-kind culinary experience. Moreover, Chef Max's positive attitude and spirited energy add to the overall enjoyment of the intimate dining setting, which is important for the guest experience.

PM: What are some of Queen’s signature items that, as the owner, you would recommend to guests?

MM: First and foremost, I encourage guests to try our exquisite selection of meats, carefully sourced from top producers both in the United States and Japan. Some of our best-selling dishes, which I’d also highly recommend, include the Maitake Mushrooms, Avocado Tart, Caviar Crispy Rice, and the Cacio e Pepe Mushroom side dish, which has become a real crowd favorite.

PM: What does Queen’s opening and success mean to the city of Miami Beach?

MM: Queen's opening and success has brought a significant positive impact to the city of Miami Beach. City officials, including high-ranking figures, have expressed their pride in having such a prestigious establishment in a neighborhood that faced challenges in the past. Some city staff members have even noted that Queen's presence represents one of the most significant developments in the city in the last 25 years, comparable to the impact of notable establishments from the past. The success of Queen has revitalized the city's sense of glamour and elevated its culinary reputation. It has also caught the attention of accomplished restaurant operators, positioning Miami Beach as a competitive player alongside renowned dining destinations like Dubai, London, New York City, and Las Vegas. Queen's influence on the city is a clear indicator of its ability to reshape and enhance the dining and cultural landscape in Miami Beach.

PM: Do you intend to expand the Queen concept to other markets or is it to remain an exclusively South Beach experience?

MM: While I've received tempting offers to expand the Queen concept to various global markets like Dubai, Saudi Arabia, London, Ibiza, and Paris, I am committed to maintaining its exclusivity as a South Beach experience. After all, how many Paris Theaters can you find?

Images via Queen Miami Beach

2200 Brickell Secures $77 Million Construction Loan from Bank OZK

Aria Development Group, Largo and Place Projects have secured $77 million in construction financing for 2200 Brickell, a five-story luxury condominium development on Brickell’s lush Millionaire’s Row. The construction financing was provided by Bank OZK which was represented by King & Spalding. Hunton Andrews Kurth and The Aztec Group represented the developers. 2200 Brickell is slated to break ground in Q4 2023. Residences are priced from $1.2 million with One World Properties as the exclusive developer sales brokerage representing 2200 Brickell.

“We are thrilled to continue our partnership with Bank OZK to bring this amazing project to life,” said David Arditi, Managing Partner of Aria Development Group. “Brickell remains a top market within Miami’s luxury sector. 2200 Brickell will play an instrumental role in continuing Brickell’s success thanks to its focus on residential wellness, tailored amenities in a boutique setting. Together with our partners, we look forward to welcoming residents into an exciting building in this thriving neighborhood.”

Situated along Brickell’s historic Millionaire’s Row, 2200 Brickell offers two, three, and four-bedroom condominiums and garden villas ranging from 1,200 to 2,100 square feet. Designed by Revuelta Architecture International, with interiors by the award-winning team at ODA New York, it is meticulously crafted to enhance the quality of life for all who live there through a harmonious fusion of organic and geometric design. Additionally, 2200 Brickell is being designed as a WELL Certified building, meaning it adheres to the WELL Building Standard™. This standard is focused on ensuring the health and wellness of residents by creating a positive human experience centered around 10 core concepts ranging from light, movement, and nourishment to materials, mind, and community.

“Bank OZK is pleased to provide construction financing for 2200 Brickell,” stated Greg Newman, Senior Managing Director of Originations at Bank OZK. “Aria and its partners are developing a trophy asset that is destined to be one of the premier condominium developments in Miami. This combination of top-tier sponsorship, marquee asset and dominant location aligns perfectly with our real estate lending strategy.”

2200 Brickell will offer an array of amenities including its one-acre rooftop haven, a sun-drenched lush landscape of exquisitely elevated amenities. This one-of-a-kind rooftop space includes a resort-style pool and outdoor spa with pool-side cabanas, a pickleball court, a summer kitchen with multiple seating areas, an outdoor fitness area designed by HOMAGE Fitness, a children’s play area designed by Silver Hill Arts, and a quarter-mile walking track.

Indoors, additional amenities include a cycling lounge and workshop with bicycle storage, custom indoor children’s playroom designed by Silver Hill Arts, a world-class state-of-the-art fitness center designed by HOMAGE Fitness, a wellness lounge with a treatment room and sauna, dedicated work from home suites with a conference room, a resident lounge and entertaining space, Luxer One automated parcel storage featuring a contactless digital package delivery system with cold storage, and a double-height, 24-hour attended lobby. For further convenience, residents will enjoy above-ground parking on all levels with direct access to their residences, on-site valet parking, electric vehicle charging stations, and a covered porte-cochère.

Images via 2200 Brickell

Terra Completes Doral Atrium Lifestyle-Driven Retail Development in Doral

Terra, one of South Florida’s most active commercial and residential development firms, has completed construction of Doral Atrium, a 78,000 square foot lifestyle-driven retail development in Miami’s burgeoning City of Doral. News of Doral Atrium’s completion accompanies the signing of a 1,480 square foot new-to-market lease with TREMBLE Pilates Studio at the development. With 65% of its retail space already leased, Doral Atrium is home to a tenant roster that includes PNC Bank; Korean fried chicken restaurant Bonchon Chicken; UMARA, an Argentinean-based nail salon and cosmetic franchise brand; Japanese and sushi restaurant Sushi Mas; and national franchise The Good Feet Store. Approximately 28,000 square feet of retail space remains available for lease.

TREMBLE’s newest Doral location will mark the national chain’s eighth South Florida outpost – and eleventh national outpost – with studios now open in Miami Beach, Brickell, Aventura, Coconut Grove, Midtown, South Miami, and Coral Gables, along with studios across the country in Soho and Bridgehampton in New York, Reno in Nevada, and Lafayette in Louisiana.

Situated at the northwest corner of Doral Boulevard and 79th Avenue, Doral Atrium is a lifestyle-driven retail destination that caters to the neighborhood’s growing population and diverse workforce. Spanning 5.2-acres, the property sits adjacent to a 350-unit multifamily rental community developed by real estate development firm Trammel Crow.

“Doral has experienced a transformation over the last decade and has quickly become one of the most desirable suburban neighborhoods in Miami for retail businesses and residents alike,” said David Martin, CEO of Terra. “Doral Atrium is an exciting new addition to the community, with tenants like TREMBLE catering to the everyday needs of surrounding residents.”

Doral Atrium is located within close proximity to thousands of residential apartment units and single-family homes, as well as two major shopping, dining and entertainment destinations City Place Doral and Downtown Doral.

Doral’s strategic location, diverse economy, low taxes, and quality of life are driving the growth and prosperity of the City. According to the 2020 U.S. Census, Doral is one of the fastest growing cities in the State of Florida with the City of Doral Planning and Zoning Department reporting over two million square feet in approved commercial developments. With a population growth rate exceeding 77% in the past eight years, Doral’s diverse residential base combined with its central location attracts a booming commercial sector comprised of Fortune 100 corporations, multinational companies and Mom & Pop shops.

Doral Atrium’s design, led by RSP Architects, is defined by three distinct volumes that creatively conceal vertical circulation nodes into rooftop parking. Each node is designed as a glowing, light-filled atrium, creating visual interest and rhythm along the street. Each of the atriums boast local artworks and lush landscaping building upon its distinctive urban character.

“Our goal with the design of Doral Atrium was to choreograph a more pedestrian-focused streetscape,” said Traci Golownia, AIA, Principal of RSP Architects. “We took a more urban approach rather than relying on the usual strip-center model that pushes the retail behind the surface parking. By elevating the parking to the roof and bringing the retail forward, we maintain the convenience but treat the storefronts as a community amenity – a street for strolling, outdoor dining, and window shopping.”

Terra’s investment in Doral has made a significant contribution to the City’s development. High-profile projects that the firm has completed over the years include the 140,000-square-foot Doral Commons retail center, and the adjacent 319-home Modern Doral complex. Nearby, Terra recently completed another grocery-anchored retail development called Doral Square.

Related Group and Merrimac Ventures Partner with Hilton To Launch Waldorf Astoria Residences Pompano Beach

Related Group (Related) and Merrimac Ventures alongside hospitality leader Hilton (NYSE: HLT) have announced the signing of Waldorf Astoria Residences, located in South Florida’s emerging market of Pompano Beach. Directly overlooking the Atlantic ocean, the Waldorf Astoria Residences Pompano Beach (The Residences) marks the historic brand’s first-ever foray into purely residential concepts and its official entrance into Broward County.

“We set out to distill the timeless elegance and exclusivity of the Waldorf Astoria brand into a purely residential format,” said Nick Perez, President of Related’s condominium development group. “From the design and architecture to the resident services, we’ve pulled out all the stops to ensure this property fully embodies the Waldorf Astoria brand. There is no compromise in our approach and we are so excited to see how the market reacts to this incredible development.”

Sitting on a two-acre oceanfront site, the Waldorf Astoria Residences Pompano Beach spans only 92 residential units and offers world-class design, spearheaded by Nichols in collaboration with KORA, BAMO and Enea Landscape Architecture. With a hospitality infused amenity package - including a beachfront cafe with room service, resident lounge, pool, jacuzzi and cabanas with poolside dining, wellness facilities, and nearly two dozen boat slips - the new build will add further momentum to South Florida’s growth and be part of the sub-market’s evolution into a highly sought-after address.

Envisioned as a love letter to the history and tradition of the Waldorf Astoria name, The Residences features many nods to the brand. Among the most prominent examples is the tower’s Peacock Alley, a homage to the Peacock Alleys that grace many Waldorf Astoria properties around the world. The resident-only space will serve as the property’s main gathering area - where residents go to “see and be seen” - and feature a soon-to-be-announced F&B concept along with many other signature touches. Brand aficionados will also spot a lovingly crafted clock inspired by the original at Waldorf Astoria in New York.

“Waldorf Astoria has been committed to offering sincerely elegant service, culinary excellence, and unforgettable experiences since its inception,” says Dino Michael, SVP & Global Head, Hilton Luxury Brands. “With the announcement of Waldorf Astoria Residences Pompano Beach, we are thrilled that the reputation and expectations associated with our luxury brand will reach new audiences and buyers with our evolved approach to the real estate space.”

The influence of the revered hotel flag extends to the more than 15,000 square feet of curated lifestyle amenities. Highlights include a 20-thousand-square-foot, oceanfront pool deck, complete with a lap-pool and private spa, outdoor bar and dining lounge, summer kitchens and resident cabanas. Residents will also have direct, private access to 200 linear feet of beachfront and beachside cafe. The property is also one of the very few in the region to feature a private marina, with 19 slips and ability to accommodate vessels measuring up to 45 feet.

The Residences also offer a wide assortment of wellness-forward amenities. This includes a resident-only spa with private treatment room and His/Her sauna and steam rooms, as well as a cutting-edge fitness center, complete with the latest cardio machine and strength and conditioning equipment, as well as a dedicated movement studio and spin room.

Additional entertainment options include a ground-floor F&B concept, billiards lounge, children’s entertainment room, and multi-sport simulator. Managed by Waldorf Astoria, buyers will also enjoy 24/7, signature resident services, including in-resident dining, beach and pool-side service, personal concierge and more. The property will also feature an assortment of museum-quality art from the world-renowned Jorge M. Perez Contemporary Art Collection.

The Residences’ unveiling comes amidst a major renaissance for Pompano Beach, a city lovingly known as “Florida’s Warmest Welcome.” Related and Merrimac Ventures have been working for decades to drive the thoughtful transformation of Pompano, and the broader Broward market, into an undeniable luxury destination.

“Pompano Beach’s transformation has been extraordinary – the result of many years of careful, thoughtful development and public investment in the community, which we’ve witnessed in the last decade since we’ve owned the site,” says Dev Motwani, CEO of Merrimac Ventures. “While we’ve completed several developments in the market over the years, we’ve always felt that this property was unique and intentionally waited until we found the right vision for this specific location. Now, with Related and Hilton as our partners, we're excited to move forward on what is sure to be a transformative development, not only for Pompano but for northern Broward County as a whole."

Merrimac Ventures and the Motwani family have been developing and operating in Broward County for more than 30 years, with $3 billion in capital deployed to date and an active pipeline valued in excess of $3.7 billion. Related and Perez family have an equally prolific history in Broward, with neighborhood-defining projects dating back several decades and several billion dollars under active development.

Conveniently located between the urban hotspots of Miami Fort Lauderdale and Palm Beach, Pompano Beach offers an on-the-sand lifestyle at a more accessible price. Pompano Beach has always been a favorite for travelers looking for a low-key, waterfront getaway; however, as demand for South Florida real estate continues to heat up, the quiet beachfront village is now one of the fastest growing real estate markets in the Sunshine State. With robust demand for new construction but very limited supply, Pompano Beach property values have seen a steady climb over recent years.

Significant public improvements, including multi-million-dollar investments into the Downtown arts and entertainment district, combined with continued interest from buyers are expected to add further momentum to this upward trend. Nearby Fishing Village, complete with open-air pavilions and upscale dining concepts, further transforms the area into a lively, pedestrian-friendly community. For those who prefer nature to city life, residents will also be steps away from restored dunes, tree-shaded outdoor attractions, and other beachside activities that define the thriving coastal community.

Meticulously designed by BAMO to complement Pompano’s low-key lifestyle, The Residences will offer an exclusive collection of only 92 residences. The homes are available in a wide variety of floor plans and are crafted to evoke single-family living, ranging from two to five bedrooms and varying in size from 2,100 square feet to 6,100 square feet.

Each residence showcases the same painstaking attention to detail evident across the tower, and comes equipped with a private elevator foyer for maximum privacy, soaring ceilings, and panoramic floor-to-ceiling windows highlighting stunning ocean and intracoastal views. Additional standard features include oversized balconies, custom Italian cabinetry, top-of-the-line Wolf and Sub-Zero appliances. For ease of ownership, the residences are delivered ready to be occupied with a selection of designer finishes.

Renderings via Waldorf Astoria Residences Pompano Beach

Waldorf Astoria Residences Miami Reveals $50 Million Penthouse

National development and investment firm PMG, along with partners Canadian private equity firm Greybrook, global investment company Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT), have revealed the Penthouse at Waldorf Astoria Residences Miami. The $50 million full-floor penthouse is situated high above the clouds within the architectural marvel’s ninth cube, placing residents at the top of the tallest residential building south of New York City. The Penthouse encompasses 13,119 square feet of customizable living space adorned with a private gym, theatre, wine room, library, spa, pool and enclosed balconies which will deliver 360-degree views of Miami Beach, Downtown Miami, and the Atlantic Ocean. PMG Residential holds the exclusive listing for the residence.

“The Penthouse at Waldorf Astoria Residences Miami is the city’s most unique penthouse offering, setting the bar for sky-high luxury living with its contemporary design and sweeping views. The magnificent residence within Miami’s first Waldorf Astoria grants owners the ability to create a custom home to fit each and every need. Beyond their personal residence, owners will have access to five-star concierge services and a superb suite of private residential amenities within the tower, which will be a landmark structure shaping Miami’s skyline,” said Ryan Shear, Managing Partner at PMG.

Envisioned by award-winning interior design firm BAMO, concept renderings for the open-layout residence feature 6 bedrooms and 9 bathrooms, with expansive floor-to-ceiling windows and an immense level of privacy at the top of Miami’s first Waldorf Astoria property. Owners have the option to curate entertainment spaces across multiple sitting and dining rooms. Additional features include a modern kitchen with sleek, bespoke finishes; an expansive primary suite with premium walk-in closets; custom Italian vanities with marble finishes within each bathroom; and the ability to create spaces such as a personal gym. Smart home technology within the home provides the ability for seamless personalization and convenience.

Waldorf Astoria Residences Miami is an architecturally awe-inspiring tower that features nine spiraling, offset glass cubes designed to be evenly stacked and wrapped in what can be referred to as a “glass skin,” distinguishing the property’s architecture from anything else on the East Coast. With concept design led by Sieger Suarez Architects, in collaboration with renowned architect Carlos Ott, the 1,049 foot tower will consist of 360 private residences in addition to 205 guestrooms and suites within the luxury hotel, which will be in the first three cubes of the tower along with the hotel’s signature spaces and private amenities.

Hotel guests and residents will have access to the Waldorf Astoria brand’s world-famous Peacock Alley; a specialty restaurant; indoor/outdoor pre-function and function event spaces; meetings and boardrooms; a resort-style pool deck with private cabanas; and a holistic wellness spa and fitness center. Private residential amenities will include an owners-only lobby and lounge; hospitality suite for chef’s tastings and intimate soirees; billiard room; kid’s club; and elevated pool deck. Each residence will include the latest smart-home technology with custom mobile app access to concierge services. The app will feature a full menu of available offerings, including dining reservations, 24/7 room service, spa, and fitness treatments, house car reservations, access to valet service, package delivery, and dog walking services. Waldorf Astoria Residences Miami will be managed by Hilton Management Services, providing residents and guests alike a truly refined haven through the brand’s relentless commitment to personalized service and best-in-class experiences.

Renderings via Arx Creative

Emerging Leaders: The Next Generation of Real Estate Presented by the Miami Herbert Business School Accelerated MBA in Real Estate

PROFILEmiami and the University of Miami Patti and Allan Herbert Business School’s Accelerated MBA in Real Estate are pleased to present “Emerging Leaders: The Next Generation of Real Estate”, featuring an immersive panel event exploring the different stages of a career in the real estate industry and what it takes to get there. Miami is one of the hotbeds of commercial and residential real estate development and investment, making a career in Miami’s ritzy real estate industry a coveted position to hold. PROFILEmiami has teamed up with Miami Herbert Business School’s Accelerated MBA in Real Estate program to explore the next generation in real estate, working and hiring in the Miami market, recruiting, education and how some of Miami’s biggest real estate players got to where they are today.

The evening will be held at The Village of Coral Gables Sales Gallery in Coral Gables, showcasing their new luxury condominium and townhome project now under development in Downtown Coral Gables.

The relaxed and open setting provides an opportunity for attendees to learn about how to advance their career in real estate, educational opportunities and recruiting in Miami’s commercial and residential real estate industries. The sales gallery provides an intimate yet luxurious setting to enjoy cocktails and bites while networking with some of South Florida’s preeminent and emerging real estate leaders. The engaging panel will feature keynote speakers Jakub Hejl, the Founder & CEO of Westside Capital; Diego Torrealba, a current student in Miami Herbert Business School’s Accelerated MBA in Real Estate program and a Senior Vice President at MG Developer; Marc Chasin, a Vice President at Eden Multifamily; moderated by Demetri Demascus of PROFILEmiami.

About the University of Miami Accelerated MBA in Real Estate Program

Named one of the world’s best MBA programs, the Accelerated Real Estate MBA combines the expertise of Miami Herbert Business School with the School of Architecture, a leader in new urbansim. In the program students learn from global real estate leaders, strengthen their business foundation with a real estate focus, and have the opportunity for up to two paid internships with firms, such as Brookfield, Fortune International, Mast Capital, Nuveen, Related Group, The Kislak Company, and more.

Miami, and South Florida in general, is a growing hub for commercial and residential real estate. As such, Miami Herbert Business School attracts local, national, and international industry experts through the annual University of Miami Real Estate Impact Conference. The school also hosts the annual Impact Investing in Commercial Real Estate Competition, showcasing innovators and trendsetters who are shaping the future of real estate. Both the conference and the competition give you exclusive access to extensive networking opportunities.

Who Should Attend: Prospective MBA candidates, Recruiters, Employers, Developers, Investors, Brokers, Lenders, Architects, Lawyers, Designers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date: October 26, 2023 | 6 PM - 8 PM

Where: The Village at Coral Gables Sales Gallery, 2990 Ponce De Leon Blvd., Coral Gables

Panelists:

• Manuel de Zárraga, Executive Managing Director, Executive Committee Council Member, JLL Capital Markets, Americas

• Jakub Hejl, Founder & CEO, Westside Capital

• Diego Torrealba, Vice President, MG Developer & University of Miami

• Marc Chasin, Vice President, Eden Multifamily

• Moderator: Demetri Demascus, Co-Founder of PROFILEmiami

Hosts & Sponsors

Hosts:

George Merrick's 8th Village Comes to Life as MG Developer Breaks Ground on 'The Village at Coral Gables'

MG Developer, led by Alirio Torrealba, announces the successful groundbreaking ceremony and Harvest Festival for The Village at Coral Gables, the highly anticipated residential development that pays tribute to the aesthetic beauty and lifestyle of Seville, Spain, and continues the legacy of the dreamer and founder of Coral Gables, George Merrick, and his vision for “The City Beautiful.”

The groundbreaking ceremony, which took place on Saturday, September 16 at 504 Malaga Avenue, marked the official commencement of construction for this remarkable enclave. The event was graced by more than 600 esteemed guests, including Coral Gables Mayor Vince Lago, President of Coral Gables Chamber of Commerce, Mark Trowbridge, the project's exclusive sales partner: Founder and CEO of One Sotheby’s International Realty, Mayi de la Vega and President Daniel de la Vega, residents, and neighboring residents and buyers.

“I’m beyond words today. I feel truly proud to be able to celebrate the groundbreaking of The Village at Coral Gables with all of you and share in this auspicious occasion,” said Alirio Torrealba, CEO and Founder of MG Developer. “It’s been a true labor of love for me, and for everyone at MG Developer, my family, our partners, our investors, the entire community. They have all entrusted us to build a beautiful enclave that is part of the vision George Merrick had when he founded Coral Gables in 1925 and that is exactly what we are doing now.”

Coral Gables Mayor Vince Lago added, “The Village at Coral Gables is a testament to the rich cultural heritage of our city. George Merrick’s vision for ‘The City Beautiful’ lives on in this exceptional project. I am immensely proud of Alirio for his dedication in bringing his vision to life, creating a lasting legacy that will enhance the fabric of Coral Gables for generations to come.”

Following the groundbreaking ceremony, attendees were treated to an unforgettable experience at the aptly named “The Village Harvest Festival.” The event held from 10:00 a.m. to 2:00 p.m., brought together families and residents from the community to celebrate the Fall Season and the arrival of The Village at Coral Gables. The festival featured a farmer’s market with local artisan vendors and fun carnival activities including face painting, bounce houses and more.

The Village at Coral Gables will be set throughout 17 lots, bordered by Malaga Avenue, Santander Avenue, Segovia Street, and Hernando Street. The townhomes, lofts, villas, and flats will vary in style and size, from the sophisticated flats of two bedrooms with a study room and a balcony to the charming four-bedroom townhomes that range from 1,750 square feet to 3,100 square feet. Inspired by Merrick’s seven villages, The Village at Coral Gables will be built in a Mediterranean Revival-Style Architecture, designed by De La Guardia Victoria Architects & Urbanists, and integrate gardens, courtyards, and fountains inspired by the alcoves in the Plaza de España.

Residents will enjoy an array of recreational amenities, including a wellness clubhouse, indoor and outdoor terrace lounge, fitness wing, plunge pool, library, conference center, and high-speed Wi-Fi – redefining modern living in historic Coral Gables. The Village at Coral Gables is situated within walking distance of Downtown Coral Gables, golf courses, the Lowe’s Hotel, Biltmore Hotel, cultural attractions, and renowned dining venues, offering residents the best of South Florida living.

With its captivating design, luxurious amenities, and prime location, The Village at Coral Gables is poised to become the most sought-after living destination in South Florida, seamlessly blending the past with the present.

Inside PROFILEconnect: State of the Market Miami 2023 Presented by The Lighting Studio

On September 21 PROFILEmiami hosted the sold-out ‘PROFILEconnect: State of the Market Miami 2023 Presented by The Lighting Studio’ at Eclectic Elements Miami showroom in Wynwood featuring some of the biggest names in the Miami real estate industry. Attendees came out in record numbers to hear from Fortune International’s Edgardo Defortuna, Gil Dezer, Douglas Elliman’s Jay Phillip Parker, Kobi Karp, ONEsir’s Daniel de la Vega, Ronny Finvarb, Royal Palm Companies’ Dan Kodsi, and others as they discussed current and future state of Miami’s commercial and residential real estate markets. The evening featured two engaging panels matched with a trendy evening soirée of bespoke networking and cocktails.

Guests were immersed in a high-energy atmosphere, which featured cocktails by E11EVEN Vodka, live art installations, sounds by Miami-based DJ DAKAP and a chance to explore the newly revealed Rolls Royce Spectre, the first fully electric Rolls Royce which was on display by Braman Rolls Royce. The evening was highlighted by two engaging panels exploring the ‘Residential State of the Market’ & ‘CRE State of the Market’. The evening was hosted by Demetri Demascus and Katya Demina of PROFILEmiami; Monica Suleski of Eclectic Elements and Sexy Bedding; and Gustavo Tello and Vivian Sanchez of The Lighting Studio.

PROFILEconnect brings together Miami’s real estate industry and business professionals to network and connect outside of a business setting. PROFILEconnect is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects and designers. Guests have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders.

Thank you to our sponsors:

The Residential Panel

The ‘Residential State of the Market’ Panel explored pricing and availability across South Florida, luxury real markets, new developments, where are the buyers coming from, factors impacting pricing and demand, mortgages, how new technology is impacting real estate and future market outlook. Panelists include Edgardo Defortuna of Fortune International Group, the developer of St. Regis Residences, Sunny Isles Beach; Gil Dezer, the developer behind Bentley Residences Miami and Porsche Design Tower; Jay Phillip Parker, CEO of Douglas Elliman FL; Daniel de la Vega of ONE Sotheby’s International Realty; Nelson Stabile, Principal of Integra Investments and co-developer of St. Regis Residences, Miami; moderated by Simon Mass of The Condo Store.

Watch the full panel on YouTube below:

The Commercial Panel

The ‘CRE State of the Market Panel’ offered an immersive discussion exploring current commercial real estate markets, which asset classes are poised for growth, entertainment & hospitality, capital markets and how are they impacting commercial real estate prices and future market outlooks for multifamily, office, retail, hospitality and industrial real estate. Panelists include hotelier Ronny Finvarb of Finvarb Group, hotel and multifamily developer Dan Kodsi of Royal Palm Companies, multifamily developer Lisette Calderon of Neology Life, financier Scott Wadler of Berkadia, commercial investor and developer Ron Bloomberg of Bloomberg Equities, and legendary architect Kobi Karp.

Watch the full panel on YouTube below:

Cocktails & Networking

Sponsors

Partners

Platinum Sponsors

---

Sponsor Future Events

The Allen Morris Company and Black Salmon Unveil $1 Billion Highland Park Miami Project Expanding Miami's Medical District

Miami’s unprecedented growth has transcended major global destinations, sparking increased need and demand for economic drivers, including healthcare, to support the evolving City’s infrastructure. To further solidify the metropolitan’s top position as the second largest health district in the U.S., the partnership of Miami-based national commercial real estate investment firm Black Salmon and The Allen Morris Company, one of the largest diversified real estate firms in the southeast, unveiled plans to develop Highland Park Miami. The $1 billion mixed-use project will span 7 acres and increase the footprint of the Miami Medical District by approximately 10%.

As a highly anticipated project, Highland Park Miami will begin preliminary site clearing later this year. The visionary team behind the multi-phased development has been conceptualizing and planning Highland Park Miami for the past decade, visiting major medical hubs in the United States, including Houston and Rochester’s renowned Mayo Clinic Health District, to glean further understanding of the requirements for such a vast and important project.

“We gratefully thank our partners as we announce Highland Park Miami, one of Miami’s most impactful developments seen in many years. This iconic project will be the heartbeat of the growing global metropolis, elevating its status as a premier health destination by adding state-of-the-art medical offices to support demand and new offerings for healthcare professionals in a strategically designed and thoughtful setting,” said Camilo Lopez, Co-CEO and Managing Partner of Black Salmon. “We look forward to job creation, expansion of critical offerings, and uniting an area with more resources for working professionals, patients, and the greater community as we usher in a new era for the local economy.”

Highland Park Miami will rise at the crossroads of health and business. The multi-block, mixed-use development will house medical and related office uses in an urban setting that includes hotels, apartment buildings, supporting retail, food and beverage uses, and green space. The project is master planned and designed by the globally recognized architecture firm Arquitectonica.

“This is a one-of-a-kind project in the health space as it integrates all the familiar uses found in daily urban life with the healthcare component, creating a convivial environment for its users and the surrounding community,” said Bernardo Fort-Brescia, Design Principal at Arquitectonica. “In addition, it sits in a highly visible location on Miami’s most important east-west corridor along I-95 and equally important across from Jackson Memorial Hospital/University of Miami Health complex. Its graphically powerful design and the sheer scale will announce the importance of this new neighborhood.”

Abutting the Medical District, Highland Park Miami’s transformation from an underutilized area into a walkable, beautifully landscaped lifestyle community that promotes health and wellness was artfully constructed by Naturalficial, a Miami-based landscape architecture and design practice. It will feature 1,000 residential units crafted by Oppenheim Architecture, a 150-room hotel keys, and 500,000 square feet of medical-related office space weaving through open walkways and greenery to emphasize connectivity as a design cornerstone.

“With Highland Park, we’re creating a new center of gravity for the Medical District, with curated wellness-oriented retail and restaurants, world-class architecture, and best-in-class medical office and residential offerings. The project will create a destination for the thousands of patients and employees at Jackson Memorial Hospital, the University of Miami Miller School of Medicine, the Miami VA Healthcare System, as well as the larger Medical District ecosystem,” said W. A. Spencer Morris, President of Allen Morris Company. “We are proud to be part of this transformational project, which will further establish Miami as one of the most important medical hubs.”

Highland Park Miami will be located at 800 NW 14th Street, between the booming Miami River and the key east-west transit artery Florida State Road 836, which leads directly to the international airport and nearly every major destination in the City’s core. It will also draw substantial density as a transit-oriented development (TOD), just 400 feet from a Metrorail station.

Renderings via Arquitectonica