2007 saw one of the largest real estate development IPOs in the history of Brazil. The company that was the subject of so much fanfare was JHSF Participacaoes, one of the largest real estate development firms in the country. Over the course of 2007, it became clear that the company was headed for a very large IPO. But what alternately turned out to be even more incredible was the growth the company experienced after its initial high valuation that has continued to this day.
Valued at over $100 million, many people at the time viewed the valuation of the company as being too high. But Jose Auriemo Neto, the CEO of JHSF Participacaoes, believed strongly in his company’s future and its ability to deliver strong shareholder value. Over the next few years, Auriemo Neto would oversee a number of real estate projects that led to a successful expansion in both the size and value of the company’s portfolio. This would ultimately lead to a valuation of the firm of more than $1 billion on the Brazilian stock market, making it one of the most valuable real estate development companies in all of Latin America.
Founded in 1972 by Fabio Auriemo, the father of Jose Auriemo Neto, JHSF Participacaoes was grown completely organically, starting off as just a small real estate development firm. But by the mid-1980s, JHSF Participacaoes was a major player in the construction of luxury hotels, luxury condominium high-rises and Class A office space developments all throughout Brazil. Throughout the 1990s, the company began expanding into building high-end shopping centers as well as urban parking locations.
By 2001, Fabio Auriemo was ready to step aside, passing the reins of the company over to his son, Jose Auriemo Neto. Throughout the course of the 2000s, Auriemo Neto would undergo an ambitious series of projects, rapidly growing the company to levels that it had never seen before. Among the projects that Auriemo Neto undertook were Parque Cidade Jardim, a huge complex that is located at the site of a former slum directly in the center of Sao Paulo. The project proved to be so successful that the entire thing was sold out prior to completion of construction.
Miami is a one of the best tourist destination in Florida and the whole of United States. However, Miami is usually faced with the problem of hurricanes given that it is a beach town. For those who are familiar with the area, disaster management is a must do for those living in the area. Hurricanes that hit Miami leave huge destruction of property. The result is damaged properties worth millions of dollars. One storm experienced in 1992 led to the destruction of property worth $50 billion. However, after the storm, Miami has managed to get back on its feet. The developers in the area are focused on coming up with buildings that can withhold hurricanes.
One prominent real estate specialist in Miami, Florida is Samuel Strauch. Strauch was educated at the Hofstra University in New York. As part of his dedication to the real estate development, Samuel Strauch pursued further education at the Harvard University and the Erasmus University in Rotterdam. Samuel Strauch is the principal and founder of Metrik Real Estate Company. He explains that building regulations in Miami are among the most stringent in the United States. Some regulations require walls, roofs, and other structural features to be fortified. The intention is to create structures that can withstand the strong impact of the hurricanes. Buildings made of glass structures are supposed to use specially reinforced glass that can withstand wind-borne debris.
For new structures, solid concrete pillars, hurricane straps, and Cinder-block masonry are supposed to be used to ensure that the structures can withstand wind and water impact. According to Samuel Strauch, Florida is the only state in the United States that have the best hurricane preparedness. All hurricanes that have happened after 1992 have never had any big impact on the structures in the state. He adds that these building codes have helped the city cope with the problem of storms. The state also frequently revises the codes to make sure that they are consistent with the ever changing building technology. Although many residents decided to move to higher ground, there are still many who remained near the beach and have continued to live with no much trouble ever since the building codes were established.
Samuel Strauch says that the measures taken by the state have helped the city solve the hurricane situation once and for all. Miami being a beach town, such measures have been very helpful and have made it one of the best real estate investment center in the world.
To know more visit @: www.wattpad.com/story/120382465-samuel-strauch
New York City has thousands of real estate firms, and many of them call themselves luxury real estate, but Andrew Heisberg has found the key to amazing brokerage offices that WOW their clients. As the result, TOWN Residential is quickly rising to the top of the NYC industry.
Andrew Heiberg is the founder and CEO of TOWN Residential, and he established his first real estate office in 2010 in Manhattan. Heiberg is an expert in real estate and finances, and he possesses strong leadership skills. When these characteristics are combined, success cannot be far away. TOWN’s focus and their center of attention is directed towards their clients and presenting each one with extravagant customer service. Service that finds their new home with plenty left over to tell their family and friends about.
In three years, TOWN has expanded to 10 superior locations across the city, and the most recent property is located in the meatpacking district. This neighborhood is the up and coming, hot place for business, and Heiberg saw that. The area that surrounds the new office on the second floor of 446 W. 14th St. It is at the main entrance to the High Line, which is right in the center of NYC’s most desired neighborhoods. This area continues to grow, with more condos being built around the park.
Thomas & Ingram, the upcoming boutique brokerage, and a smaller TOWN office will both be moving into the new 7,000 sq. ft. office. The new office is optimally located with an adjoining three-story building that allows TOWN to have rooftop space. This is totally unique in the New York market, and Heiberg expects it to be an awesome feature allowing for outdoor space that other brokerages don’t have.
The TOWN slogan which resonates through the city is My Town, Our Neighborhood, Your Home. This luxury real estate firm directs their focus to the clients. Period. Every detail is discussed, and the TOWN team of over 30 professionals is able to attend to their clients’ desires. This is another feature that sets TOWN apart from the rest.
The staff at this newest office will cover the area from Hudson Yards down to TriBeCa. Two other TOWN firms have opened in the past months; they are located in Union Square and Greenwich Village. Keep your eyes open for the next TOWN Residential office to open or go to TOWNrealestate.com for more information.