27 Jun Troy & Banks, Inc. Launches Global Private Investigative Services
A premier forensic utility and telecom auditing firm, Troy & Banks, Inc., has announced the launch of its new venture, Troy Banks & Brown LLC, which will provide specialized investigative services and is based in Davie. The firm was formed to handle various investigative matters...
27 Jun Everyone Knows the Name of Miami Developer Carlos Rosso From His Tenure at Related. This Is His Latest Act.
Posted at 16:41h in Industry Superstars by Drew Limsky 1 Comment
After 20 years, people get used to things; industries get used to things, especially when there's a consistent cast of characters and a story of staggering success. Carlos Rosso has been a leading player. Born in Buenos Aires, he notched degrees at the University of Buenos Aires and M.I.T. He joined the Related Group in 2002 and became a fixture there as a vice president, then as president of the condominium division and a minority partner. The dapper exec with the enviable coiffure was the driving force behind SLS Lux, SLS Brickell and Brickell Heights in Miami; Residences by Armani/Casa in Sunny Isles Beach; the Paraiso complex in Edgewater; and Hyde Midtown in Miami, as well as Hollywood's Hyde Beach House and Hyde Resort & Residences. That's not an exhaustive list, and it doesn't even count developments in Mexico and Argentina. (Rosso has been responsible for the development of 16,000 units over the course of his career.) For years, the word was, if you couldn't get to Related's billionaire founder, chairman and CEO Jorge Perez, call Carlos. THINGS CHANGE In 2020, Rosso left Related—a seismic change in the South Florida real estate world. "The reality is that everyone reassessed their lives because of COVID-19," he reflects. "I am at the stage in my life where my kids are starting college, my parents are aging, and I realized that I wanted to have more control over my time. I wanted to visit my parents in Argentina more and be closer to my kids, and, at the same time, Jorge had always told me, 'Very soon I think it's time for you to start something on your own. If you ever need my help—whatever you need, I'm here to support you.'" And then there were Perez's sons. Jorge had been telling Bloomberg as early as 2016 that it was his hope that Jon Paul and Nicholas would eventually take charge of the business. JP became president of Related in 2020. Nick is senior vice president. "There was a changing of the guard when Jorge's kids were coming in," Rosso says. "And all of us who were in these senior management positions had a long time to think. I decided to take the plunge. I'm still a very young 55-year-old man and I wanted to try it on my own." Perez was the man who'd sponsored Rosso for his visa when he hired him at Related so many years ago, and once again, Perez immediately positioned Rosso for success: "Jorge was very gracious. When I left Related, I did a self-assessment of the things that I'm good at, and where I needed some help in the market if I wanted to do development. I know how to put deals together, I know the design and construction side, and the marketing side. What did I need? I needed sites and equity." Rosso had two names in mind, big names who happened to be married: Craig Robins and Jackie Soffer. Robins is perhaps best known as the co-founder and co-owner of Design Miami and the developer of the Miami Design District; Soffer is the chairman and CEO of Turnberry Associates, which boasts a portfolio that includes Aventura Mall and an 800-key hotel connected to the Miami Beach Convention Center, currently being developed in partnership with the Terra Group. "The two people who I had as No. 1 and No. 2 on my list to call—who had both equity and sites—gave me a call," Rosso recalls. "They told me that they'd spoken with Jorge, and said, 'Jorge told us that you left, and he's spoken very highly of you, so we want to invite you to dinner at our home.' That's how it started." Soffer and Rosso decided to put together a deal: the North Miami residential project One Park Tower at SoLé Mia.
27 Jun 42 Pine in Miami Beach Secures Financing to Begin Construction
42 Pine, a boutique residential building at Pine Tree Drive and 42nd Street in Miami Beach, recently secured $35.5 million in financing from BridgeCity Capital to begin construction on the project, which has sold 50% of its residences sold since sales launched. "This construction loan posed...
27 Jun Attorneys Launch Eminent Domain Law Firm in West Palm Beach and Miami
Posted at 16:40h in Law/Professional Services by SFBW Staff 0 Comments
Attorneys Mark A. Tobin and Robert A. Schreiber, with decades of experience, have launched Tobin & Schreiber, PLLC. The law firm is dedicated to representing property and business owners in government takings disputes, including eminent domain, inverse condemnation, land use impacts, access impairment, and securing...
27 Jun VIP Completions in Fort Lauderdale Reveal Latest Private Jet Refurbishment
Posted at 16:10h in Travel & Recreation by SFBW Staff 0 Comments
VIP Completions in Fort Lauderdale recently unveiled their latest project, a complete remodel of an elegant Global 5000. The new refurbishment is on top of the 12 completed projects this year, with the company on pace to complete two aircraft renovations monthly with a fully...
25 Jun SFBW's Prestigious Women Awards Drew Honorees From Every Conceivable Sector
Posted at 22:41h in Events by Drew Limsky 0 Comments
The mood inside the Galleria for SFBW's annual Prestigious Women Awards was immediately celebratory as successful professional women from the tri-county area (and their guests and allies) filled their glasses with bubbly from the Paradise Prosecco Company and sampled cocktails, both shaken and stirred, with...
24 Jun The Greater Fort Lauderdale Alliance's Mid-Year Meeting
When more than 600 business leaders gathered at the Seminole Hard Rock Hotel and Casino in Hollywood for the Greater Fort Lauderdale Alliance Mid-Year Meeting, Alliance President and CEO Bob Swindell and Alliance Vice Chairman, Gregory A. Haile, president of Broward College, held court. High on the agenda was the Alliance's report of its own corporate impact. Companies from Icon International to Project Play to West Marine have announced capital investments and the creation of new jobs (see sidebar). "Companies continue to choose Greater Fort Lauderdale's highly competitive business climate and unbeatable quality of life," Swindell said. "The Alliance is proud to share the story of our community as a premier business destination and talent hub." The luncheon was presented by the Broward Metropolitan Planning Organization and Florida Power and Light. Jeb Bush, Florida's 43rd governor, was the keynote speaker for the event. In his comments, he called for civility in the public square, remarking that vulgarity may attract viewers on Twitter, but "that is not a strength, that's a sign of weakness. We have the duty to cast out the ugliness, and it's up to the [political] parties to be able to do that. "Let's recognize that politics is a mirror of us," he continued. "It's a byproduct of our culture ... If we want a better system, we need to treat people better. We need to be honest and show courage." He argued that more civility would yield results for constituents, both locally and nationally. His sentiments were met with several rounds of applause. The Alliance also presented its annual World Class Faculty Award to Douglas Cumming, the DeSantis distinguished professor of finance and entrepreneurship at Florida Atlantic University College of Business. Cumming created a new course on crowdfunding for undergraduate and graduate students at FAU, which is linked to FAU's Small Business Development Center, where students work on real cases with companies in Broward and Palm Beach County. He developed the FAU Crowdfunding Tracker, which provides timely updated data on equity crowdfunding campaigns in Florida and states. His research on equity crowdfunding was the first of its kind in the world, and has informed securities regulators, crowdfunding platforms and associations on the optimal design of equity crowdfunding campaigns and regulations. He has advised securities regulators and policymakers on the regulation of mutual fund fees and government venture capital programs.
23 Jun CityPlace Doral Earns Three ICSC MAXI Awards
CityPlace Doral earned three coveted and highly competitive MAXI awards from Innovating Commerce Serving Communities (ICSC) during the prestigious Global Awards Ceremony held during the ICSC 2022 Las Vegas conference last month. The MAXI Awards recognize innovative events, programs and technologies that add value to the...
23 Jun Memorial Regional Hospital Receives Advanced Heart Failure Accreditation
Memorial Regional Hospital recently earned an elite honor after becoming the fourth hospital in the United States to earn Advanced Heart Failure Accreditation from the American College of Cardiology (ACC). The Hollywood-based facility, home to the Memorial Cardiac and Vascular Institute, received the accreditation after meeting an...
23 Jun Northeast 13th Street Corridor in Fort Lauderdale Dubbed "Studio City"
Posted at 16:07h in Entrepreneurs & Business Strategy by SFBW Staff 1 Comment
As business owners along Fort Lauderdale's NE 13th Street block have repurposed existing properties along the strip over the last several years, the transformation has netted positive results and a new name for the area. The grassroots campaign to rename the location "Studio City" was...