Tag: Faena House

Art dealer Larry Gagosian flips Faena House PH for $12M

Renderings of Faena House. Inset: Larry Gagosian It looks like Larry Gagosian’s Faena House penthouse didn’t hold its value. The art dealer flipped the Miami Beach penthouse for $12 million, a loss of nearly $1 million since he closed on the unit about a year ago, property records show.  Gagosian,

The 10 juiciest South Florida real estate lawsuits of 2016

Judge Judy (Credit: Getty Images) and developer Edgardo Defortuna, Gregory Freedman, Charles Phelan, Daniel Lebensohn, Gary Cohen, and Miami-Dade County Property Appraiser Pedro Garcia The real estate business in South Florida is not always glitz and glamour. In fact, it can get so nasty, developers and brokers sometimes find themselves

Paul Cejas wants to flip his Faena House penthouse for $34M

Rendering of Faena House (Inset: Paul L. Cejas) Miami investor and former U.S. ambassador Paul Cejas is jumping on the Faena House flipping bandwagon, and listing his penthouse for $33.9 million, or nearly $4,400 per square foot.  Cejas and his wife Gertie, also known as Trudy, paid $20 million, or

Flipping at Faena? Nearly $150M worth of condos on the market

Renderings of Faena House, Ken Griffin and Leon Black For followers of Miami real estate, billionaire hedge funder Ken Griffin’s $60 million purchase of a double penthouse unit at Faena House was a head turner. And when he decided to re-list the units, which were never combined, for $55 million and $18…

Paul Cejas buys last developer unit at Faena House for $20M

Rendering of Faena House (Inset: Paul L .Cejas) It’s been a busy month for Paul Cejas, an investor and Miami’s home-grown former U.S. ambassador. First, Cejas refinanced his Lincoln Road holdings with a huge $70 million loan. Now, he’s just closed on the $20 million purchase of a flashy Faena…

Art dealer Larry Gagosian spends $13M on Faena House unit

Larry Gagosian and Faena House renderings Art dealer Laurence Gagosian paid $12.995 million for a penthouse at Faena House. Miami-Dade County records show Gagosian purchased unit PH-C at the 18-story tower in Mid-Miami Beach. The Armenian American art collector owns the Gagosian Gallery art galleries in the United States, as well as London, Paris,…

Art collector Larry Gagosian spends $13M on Faena House unit

Larry Gagosian and Faena House renderings Art dealer Laurence Gagosian paid $12.995 million for a penthouse at Faena House. Miami-Dade County records show Gagosian purchased unit PH-C at the 18-story tower in Mid-Miami Beach. The Armenian American art collector owns the Gagosian Gallery art galleries in the United States, as well as London, Paris,…