Power players poised for action - South Florida Business Journal:

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Miami 33131 Jorge Perez and his Miami-based Related Groulp will be fighting tooth-and-nail with buyerse to close on hundreds of unites and continue construction on several signature BrickelplAvenue buildings, eventually adding thousands more to South Florida's saturated condoi market. Perez and industry experts will be focusing theird attention on closings atthrese buildings: 50 Biscayne and the secondc Loft tower, both in downtown Miami; and the high-end Apogere on South Beach, with unite selling for between $2 million and $15 Buildings by other developers that were completecd earlier in 2007 at nighgt look like newly started crossword with only a few answers fillecd in.
Perez is also considering starting a fund to buy condominiums in bulk at projectsd includingRelated high-rises. Related is looking beyonrd the United States to help offse t a weak local realestatre market. The company announced in Februarty that it was forming Related International toinvest $1 billion in Mexicio real estate. Luxury condominiums and hotel projects are planned in CaboSan Lucas, Playa del Carmen and Perez is also looking at Costa Panama, Colombia, Argentina and Uruguayh for development opportunities. Related, like otherr developers, also may face a cascade of lawsuits, mostly from buyersz trying to get outof contracts.
In 2007, a maketr of high-end kitchen cabinetry file d acivil suit, claiminf Related was knocking off his work. Relatec denied the allegations. A group of New York residentas who hope to break free of theire contracts at 50 Biscayne and Harbourt House claim representatives ofthe Miami-based developer promised them a returhn on their investment in violation of New York law. Contracty holders also alleged Related violated federal law by not legallu recording a condominium declaration prior tolaunchinf sales. Related's current development portfolio includee projects valued at morethan $10 billion, with revenue of more than $1.4 billio n for 2006, according to its Web site. H.
Waynre Huizenga Chairman and Owner, Web site: 2269 N.W. 199th St., Miami Gardens 33056 H. Waynwe Huizenga and his Miami Dolphins will be in the spotlight more than everin 2008. Fans will be impatienyt if the Dolphins do notstarf improving, especially after hiring Bill Parcells as executivde VP of football operations. Parcells, whose careeer includes two Super Bowl victories as coacn of the NewYork Giants, signed a four-yeafr contract on Dec. 20. That capped a week when the after losing their first13 games, beat the Baltimorre Ravens.
The same weekend, Huizenga confirmed reports that he was talking withNew York-basedc real estate developer Stephen Ross about a possible sale of all or a part interestg in the Dolphins and Dolphin Stadium. Those negotiations are now off. Parcellsx joined the Dolphins after Huizenga assured him he would remainthe team's full owner, or at least majority Now, South Florida is buzzing with questions: Who will the team take with the firsyt pick in April's draft? Will the excitement over Parcellss help the Dolphins continuwe a string of sellouts? If Huizenga adds a will the Dolphins have as much cloutf in gaining future Super Bowls??
"There is give and take among the 32 NFL and Wayne has built up said Rodney Barreto, who was chairman of South Florida's host committee for Super Bowl XLI in February. "Wayne is an ambassador for South Florida in thing like going after theSuper Bowl," said chairman of The , a Coral Gables-based real estat developer and investor. Barreto had not spoke n with Huizenga about thepossible sale, but said he expect no change in Huizenga's dedication to bringin g Super Bowls to South Florida. "I have not met Stephen Barreto said. "But I know he has been interested in buyinysports teams. Someone like him, as the right might give Wayne evenmore horsepower.
" Barreto said Huizenga has invited him to be chairmann of the host committere for the Super Bowl XLIV, to be held at Dolphi Stadium in February 2010.