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The Real Deal: Top One Sotheby’s team joins Compass

The Real Deal Top One Sotheby’s team joins Compass

“A top team at One Sotheby’s International Realty joined Compass. The Ivan and Mike Team, which was One Sotheby’s No. 2 team in 2019, joined Compass earlier this month. The four-person team, led by Ivan Chorney and Michael Martirena, closed more than $100 million in sales last year.

The Real Deal Top One Sotheby’s team joins CompassDavid Bateman left NAI Partners in Houston to become managing director of CBRE for Broward and Palm Beach counties. Bateman will oversee CBRE’s three offices and more than 70 employees. He previously led agency leasing operations for the Houston brokerage. Arden Karson, who joined CBRE as senior managing director for South Florida in 2017, will be stepping down, according to a spokesperson.

CBRE promoted William “Tripp” Gulliford to executive managing director of Florida. He will report to Chris Connelly, CBRE’s Group President, Americas Advisory Services. Gulliford will oversee CBRE’s eight Florida offices and the growth strategy for its advisory services. He was previously senior managing director of CBRE’s north Florida region, and before that was managing director of EverBank Commercial Advisors.

Land use and zoning attorney Anthony Recio returned to Weiss Serota Helfman Cole & Bierman as a partner. Recio took a three-and-a-half-year sabbatical at a Buddhist retreat. He primarily represents developers, investors and lenders in South Florida, and has experience with tax credit financing guidelines and has worked with local governments.

Melsie Ordoñez joined Stantec as buildings engineering principal in its Miami office. Ordoñez will oversee and support engineering for hospitality, institutional, and aviation projects while developing the local healthcare, lab-research facility and ports-marine markets for Stantec.

Fortune Development Sales and Shoma Group named Maria Elena Plasencia director of sales for Ten30 South Beach, a 43-unit project in Miami Beach. Plasencia has worked on projects that include Residences by Armani/Casa and Porsche Design Tower. She’ll be based out of Ten30’s sales center at 1116 15th Street, which is set to open at the end of June.

William Domsky joined Lee & Associates as principal, focusing on industrial and office sales and leasing in South Florida. Domsky was previously with CBRE, where he handled corporate real estate advisory service and tenant representation in New York and Long Island. At CBRE, he completed leases and sales valued at up to $47 million.

Berger Commercial Realty/CORFAC International hired two senior property managers, Ian Miranda and Erica Portes, to work on the company’s Seagis portfolio in Miami-Dade County. Most of the portfolio is industrial real estate. Miranda previously managed the Miami Tower in downtown Miami. Portes was a senior property manager for Prologis.”

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Ivan Chorney’s Take on The Luxury Real Estate Market With Covid-19

Ivan-Chorney-Real-Estate-Market-Miami

Ivan Chorney
Partner Ivan and Mike Team
ONE Sotheby’s International Realty

So, Real Estate in Miami I would say it’s a 95% stand step, things that were already in the pipeline, things that were already in motion, those businesses are closing. So if you get an email from your realtor like “Just Sold”, those deals were in the pipeline before. I don’t think we are fooling anybody that things are steaming along over here in Miami with Real Estate, and I don’t think they pretty much are anywhere in the world right now.

And that makes sense. As an investor myself I’m putting that (investment) on hold for the moment. To put a 20% investment on a piece of property when I don’t quite know what is going on doesn’t seem like the right thing to do right now.

Recommended: Miami Beach Luxury Condo Prices

I think there will be a moment of opportunity just like the stock market, but nobody has a crystal ball. We don’t know if we are at the bottom of the “stock market”, we do know that there was a huge dip, and for people who bought on that dip they might be seeing some danger right now.

So I think it’s going to be very similar here in the Miami Real Estate Market. I also think there will be a window of opportunity, and you are going to see discounts that go anywhere from 15% to 20%. Perhaps if this goes longer, if we continue in this roller-coaster of Covid-19 where we get quarantined, and then released and then quarantined again, I think that is going to elongate things. You might see discounts in certain buildings in some areas that have a little bit more supply. You might see discounts up to 30%.

Everything is hyper-local and whenever I am talking to clients and friends I tell them that is the most hyper-local market out there. Miami you have South Beach, Bal Harbour, Surfside, Sunny Isles; even in South Beach you have these micro-markets like Sunset Harbour, South Of Fifth, Venetian Islands, Coconut Grove. So what happens will depend a lot on how things go with Covid-19, if things go roller-coaster and the behavior of specific markets. The Miami Riviera from South Beach to Bal Harbour always seem to stand tall during the tough times.

Se Also Ivan’s Home Office During Covid-19:

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Ivan and Mike Join Compass Real Estate Sports & Entertainment Division

Ivan & Mike Join The ONE Sotheby's Sports & Entertainment Division

We recently joined the Compass Real Estate Sports & Entertainment Division because we are already working with an exclusive cadre of ultra-wealthy high net-worth individuals that often includes professional athletes and their support apparatus, entertainment industry professionals, and celebrities.

Ivan & Mike Join The ONE Sotheby's Sports & Entertainment Division

We are huge sports enthusiasts, and fledgling art collectors and have a busy schedule of world-class sporting, culture, and entertainment events where many of our clients and potential clients often circulate.

In the year ahead we are scheduled to attend the NFL Super Bowl, Art Basel Miami, Monaco Grand Prix, Antigua Sailing Week, NCAA Final Four in New York, Formula 1 Abu Dhabi, Universal Whisky Experience Las Vegas, Fort Lauderdale Boat Show, New York Fashion Week, and Kentucky Derby. We often frequent many other art and sporting events around South Florida, The Northeast, Aspen, and Los Angeles.

We cater to this niche of super-wealthy clientele by carefully curating a property acquiring experience of the highest caliber so our clients can enjoy the process without the usual stressors. We have our own all-star team of professionals to enhance the buying process and seamlessly work hand in hand with our clients’ personal teams of professionals that often include; attorneys, paralegals, accountants, security, talent agents, and travel agents.

We love traveling, sports and culture so joining this division is a perfect fit for us and we are excited to officially announce our involvement.

Ivan Chorney and Michael Martirena
Compass Real Estate Sports & Entertainment Division

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