South Florida real estate players who received PPP loans

Alex Rodriguez, Tom Murphy, Jorge Pérez, Gil Dezer and Jackie Soffer (Credit: Michael Loccisano / Getty Images)

UPDATE July 7, 6:30 p.m .: Many of South Florida’s top developers, contractors, hoteliers, architects and restaurateurs have benefited from the federal government’s Paycheck Protection Program.

Companies linked to the related group, Dezer Development, A-Rod Corp, Shoma Group, Whitman Family Properties and Coastal Construction are among those that have secured PPP loans, according to the Trump administration. data dissemination. The publication follows the recent approval of a third phase of applications for the $ 670 billion in PPP funding.

Here’s a look at the biggest companies in South Florida with real estate ties that received the loans:

Developers, investment companies

Between $ 5 million and $ 10 million: Stiles Corp., a major developer in Fort Lauderdale, got a loan.

Jorge Pérez’s related group has received two loans, each ranging from $ 2 million to $ 5 million: PRH Investments LLC, which is short for Perez Ross Holdings; and TRG Management Company, a related subsidiary.

Whitman Family Properties, owner of Bal Harbor Stores, obtained between 1 and 2 million dollars.

The Allen Morris Company, a Coral Gables-based development and investment firm, also received between $ 1 million and $ 2 million.

Two of Moishe Mana, Mana Common Marketing and Mana Miami Management LLC, each obtained loans in the range of $ 350,000 to $ 1 million. The same goes for Shoma Alliance Management Corp, headed by the developer of Shoma Homes, Masoud Shojaee; Butters Development Corp and Butters Realty Management Corp .; and Dezer Development, led by Michael and Gil Dezer. (Dezer Hotel Management received between $ 150,000 and $ 350,000.

Design District Management Inc., a subsidiary of Craig Robins’ Dacra, obtained a loan between $ 350,000 and $ 1 million. Dacra led the transformation of the Miami Design District.

A-Rod Corp, the investment firm run by a retired baseball superstar Alex rodriguez, received between $ 150,000 and $ 350,000. Rodriguez’s Monument Real Estate Services received between $ 1 million and $ 2 million.

Advenir Real Estate and Tzadik Properties have each granted loans in the range of $ 2 million to $ 5 million.

Jeff Berkowitz’s Berkowitz Development Group raised between $ 150,000 and $ 350,000. Metropica Development received a loan in the same range.

Construction

Coastal Construction was in the lead, securing a loan ranging from $ 5 million to $ 10 million. The construction company, run by the Murphy family, is one of the largest in South Florida. West Palm Beach-based Kast Construction Company also got a loan in the same range.

Beauchamp Construction, Brodson Construction and Jaxi Builders each received loans of $ 1 million to $ 2 million.

Architecture

Zyscovich Architects, headed by Bernard Zyscovich, received between $ 1 million and $ 2 million to retain 106 employees. Three companies related to Arquitectonica de Bernardo Fort Brescia – Arquitectonica International ($ 1 million to $ 2 million), Arquitectonica CA PA ($ 350,000 to $ 1 million) and Arquitectonica Geo ($ 150,000 to $ 350,000) – have provided loans .

Between 350,000 and 1 million dollars: Kobi Karp Architecture & Interior Design and Behar Font and Partners both received loans. Oppenheim Architecture & Design by Chad Oppenheim has secured a loan in the range of $ 350,000 to $ 1 million.

Brokerage houses

The best real estate brokers in South Florida have also used the P3 program. Fortune International Group and Fortune International Realty each received between $ 1 million and $ 2 million. MDLV LLC, which is One Sotheby’s International Realty, and the Keyes Company have also each obtained loans in the same range.

Optimar Realty Group, based in Sunny Isles Beach, took home between $ 2 million and $ 5 million.

Hotels

A number of restaurants, hotels, and hotel management and investment companies have received PPP funds. Turnberry Hotels Management Group, led by Jackie Soffer, has secured a loan in the range of $ 5-10 million for approximately 500 retained employees. Jeffrey Soffer‘s Fontainebleau Development received between $ 1 and $ 2 million to keep 87 employees.

Acqualina Management LLC, which manages the Trump Group Acqualina Resort & Spa in Sunny Isles Beach, has raised between $ 2-5 million. The Trump Group is not affiliated with President Trump.

The Biltmore Hotel

The Biltmore Hotel

The Biltmore Hotel Limited Partnership has received a loan in the range of $ 2-5 million for the historic Coral Gables property. South Beach Group Hotels, which laid off a number of employees at the start of the pandemic, as well as Soho Beach House, Morgans Hotel Group Management and the Betsy Hotel on Ocean Drive have also received similar loans.

The Di Lido Beach Resort, a joint venture between Lionstone Development and Flag Luxury, has secured a loan ranging from $ 2 million to $ 5 million, for the Ritz-Carlton in South Beach, which is closed. Lionstone Group also obtained a loan in the range of $ 150,000 to $ 350,000.

Virgin Hotels North America, based in Coconut Grove, received between $ 350,000 and $ 1 million.

MDM Brickell Hotel Group and MDM Hotel Group, led by Ricardo Glas and Luis Pulenta, each scored between $ 1 million and $ 2 million.

Restaurants

Valls Group Holdings of the Valls family received one of the largest loans, between $ 5 million and $ 10 million, for its restaurant group, which includes La Carreta and Versailles Restaurant. Flanigan’s Enterprises, which operates the popular chain of restaurants, bars and liquor stores, also raised between $ 5 million and $ 10 million.

Joe's Stone Crab (Credit: Cullen328 / Wikipedia)

Joe’s Stone Crab (Credit: Cullen328 / Wikipedia)

Joe’s Stone Crab, Mango’s Tropical Cafe and Pizzerias LLC – which operates the Papa John’s franchises – each received between $ 2 million and $ 5 million.

Companies linked to a nightclub operator and a restaurateur David Grutman, who sold a controlling stake in his company to Live Nation Entertainment last year, has also received PPP funds. Groot Design District Hospitality, linked to Live Nation, has secured a loan ranging from $ 1 million to $ 2 million for Swan & Bar Bevy.

Salt Bae’s Nusret Miami, Nobu Associates, Prime 112, Milos de Costas Spiliadis and the Pinecrest Bakery chain have each secured loans ranging from $ 1 million to $ 2 million.

Café La Trova (Credit: Google Maps)

Café La Trova (Credit: Google Maps)

Michelle Bernstein’s La Trova café in Little Havana, which voluntarily closed his dining room last week, Pincho Factory’s Pincho Holdings and the Salty Donut each received between $ 350,000 and $ 1 million.

Michael Schwartz’s Genuine Hospitality Group, owner of Harry’s Pizzeria, Michael’s Genuine Restaurant and Bar and other restaurants, received a loan of $ 150,000 to $ 350,000.

Benihana, Ra Sushi and Tap 42 have also secured loans for several properties in South Florida.

A spokesperson for Benihana confirmed that he applied for the loan but “ultimately did not accept payment for the loan.”

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