May 4, 2016
The Gold Coast Master Brokers Forum recently held a special reception at the extraordinary Residences by Armani/Casa (RBAC) sales center, located at 18325 Collins Avenue in Sunny Isles Beach. The event featured a panel discussion on the impact of “The Panama Papers” on South Florida real estate.
More than 75 Master Brokers attended the event, which opened with a welcome from Gold Coast MBF chair Carolyn Block Ellert. Ian Reisner, vice president of sales for Dezer Development (co-developers of RBAC, along with The Related Group), then introduced the extraordinary new ultra-luxury condominium, which will encompass 56 stories and 308 units, priced from $2 to over $15 million and ranging from 1,350 square feet to 4,160 square feet. Amenities include a lounge on the lobby level and a Prive area, a fine dining restaurant, cigar room and wine cellar, heated swimming pool, ocean-facing fitness center, two-story revitalization spa with indoor and outdoor treatment rooms, movie theatre and clubroom, and exclusive beach amenities on a 300-foot stretch of private shore.
This was followed by a panel discussion (moderated by MBF board member Jim Balistreri) featuring Nicholas Nehamas, the Miami Herald reporter who analyzed and wrote the newspaper’s “Secret Shell Game” series about The Panama Papers; and Kenneth Rijock, a former money launderer-turned-financial crime consultant, who now advises law enforcement and the private sector on financial crime prevention, investigation, and interdiction. The two discussed short and long term impact of revelations from The Panama Papers, the process of laundering money through the purchase and sale of Miami real estate, and strategies for agents and brokers to better comply with anti-money laundering regulations and “know your customer” procedures, in the wake of heightened scrutiny.
The Gold Coast Master Brokers Forum, comprised of top real estate professionals from Broward and Palm Beach County, is generously supported by Wells Fargo.