Brazil is one of the high potential real estate market in South America currently. The country is the largest economy in the region and continuously sees an increase in demand for houses either for residential or commercial purposes. One of the biggest real-estate business in the area currently is a family-owned business known as JHSF. This company deals with construction and development of residential and commercial buildings, mainly targeted at the high-end income earners in the country. The company was founded in the early 1970s by two brothers- Fabio and Jose Auriemo. One of the partners left the company with the other investing more in the company with the aim of making it one of the biggest real estate companies in this region. Since then, JHSF has taken a direction of success that has been copied by the subsequent management of the current CEO Jose Auriemo Neto.
JHSF is involved in the development of shopping malls, airports and recently hotels. It is the current owner of the Fasano Hotels. The company is currently focusing on recurring revenue by adopting sustainability methods in all their projects. The leadership of the company has managed to place the company at the top of the industry by focusing on innovations that will keep it ahead of others in the industry. The company is extremely wealthy judging from the investment that it has been making in Brazil and beyond. JHSF has done most of the major shopping malls and high-end real estate projects. Most of its projects are located in the cities of Manaus, Brasilia and Sao Paulo. The company recently ventured into the United States and Uruguay market.
Jose Auriemo Neto is the current head of this company. He is the son of Fabio Auriemo, one of the founders. He succeeded his father in the management of the company in the 1990’s. He has been very active in the management of the business and much of the success that has been recorded since the turn of the millennium can be attributed to the work he has done. He has remained focused on growing the company to the extent that it is now one of the biggest in Latin America.
The real estate deals that have been formally proposed in New York City were mostly office projects. The biggest of these projects is the Tishman Speyer project. It will have 1 million square feet of space once completed. The project will take place as two connected towers. The second largest building will be Thor Equities. It will have 643,103 square feet of office space once completed. From there, there will be a huge drop in size. They will range from 250, 000 to 57,996 sq. feet of office space. In the top ten, only three of them are residential buildings. In addition, only one of them will be a hotel. Most of them will be office buildings in Queens and Brooklyn.
Some Notable Examples
The Queens Plaza South is a project by Tishman Speyer. The project will be two interconnected towers. As of now, WeWork has already inked lease for 258,000 square feet at one of the towers. This construction site is on the opposite side of the street where Tishman will build residential buildings. The residential project has secured a $640 million loan for the development. The loan was acquired in partnership with H&R Real Estate Investment Trust. The project is also close to a mixed user tower developed by Tishman, which was sold to H&R in 2011.
About Town Residential
The firm is one of the leading luxury real estate firms in New York. The five-year journey to the top has been due to its commitment to quality customer service. To ensure this, they have one of the best teams of Representatives. For anyone looking for the luxury real estate, he or she will no doubt come across TOWN Residential.
The firm specializes in leasing, marketing, leasing property developments; retail and commercial. It is one of the most professionally run establishments in New York. One if its accolade is that it is one of the top 50 places to work in New York. To see their full listings of NYC properties, check out the official site: http://www.townrealestate.com/.
For anyone in search of real estate services, Town Residential is worth trying. They have gained knowledge in just five years that you may find useful. Their meteoric rise to the helm has been due to their commitment to quality.