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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… Continue Reading →

NY developer Joseph Moinian pays $12.5M for Leon Black’s Faena House unit

Faena House unit 9-A and Joseph Moinian New York real estate developer Joseph Moinian and his wife Nazee just bought billionaire Leon Black’s condo at Faena House for $12.5 million. That’s a steep discount from the $16.5 million Black had… Continue Reading →

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… Continue Reading →

Alan Faena’s companies hit with second lawsuit from dissatisfied buyer

Rendering of Faena House, developer Alan Faena and Haresh Tharani (Credit: Getty Images) Another disgruntled buyer at Faena House is accusing the developer of shoddy construction that allegedly made a unit at the posh Mid-Beach condo tower uninhabitable. Haresh Tharani,… Continue Reading →

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… Continue Reading →

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… Continue Reading →

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… Continue Reading →

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… Continue Reading →

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… Continue Reading →

Key Biscayne — not Miami Beach — home to highest grossing new condo project

Oceana Key Biscayne and Peter Zalewski The world-famous party city of Miami Beach may have the most expensive new condo tower on a price-per-square-foot basis, but the family-oriented village of Key Biscayne is currently home to the highest grossing preconstruction… Continue Reading →

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