What happens when two heavyweights in the real estate industry sit down and paper a strategic partnership? Big things.
With the Milborne Group of Toronto being a prominent force in real estate for over 40 years, they aim to serve their customers beyond the Canadian borders and into a popular Canadian destination, the beautiful coastline of Florida. With a leap like this across the border lines, this leads into their latest partnership with a group who knows US real estate, Pordes Residential.
Milborne Group, the largest new condominium broker in Canada, has helped sell more than 100,000 units valued at more than $25 billion in more than 700 developments over the past 40 years.
Chief executive officer Hunter Milborne obviously has a good handle of the Canadian condo business, and he just entered a strategic partnership with Pordes Residential to serve Florida, so his views on the Greater Toronto Area (GTA) market carry some weight.
Toronto's hot real estate market has attracted the attention of major Florida-based real estate firm Pordes Residential. The sales and merketing company - who has represented developers of luxury high-end condominiums and hotels in North America for 25 years - has partnered with the Milborne Group of Toronto to attract Canadian purchasers to two luxury developments in Miami, Florida. The properties include The Ritz-Carlton Residences, Sunny Isles Beach by Fortune International Group & Chateau Group, and the Fendi Chateau Residences by Chateau Group.
Wealthy Canadians love Florida luxury real estate, but have been largely ignored by Sunshine State developers and brokers. A new JV between Toronto’s Milborne Group and Miami-based Pordes Residential is aiming to change that.
The two brokerages have joined forces to attract high-end Canadian purchasers to Florida projects, starting with two ultra-luxe Miami offerings: The Ritz-Carlton Residences, Sunny Isles Beach — developed by Fortune International Group and Château Group (whose principals are pictured above) — and Fendi Château Residences, by Château Group. “Canada’s been overlooked in marketing efforts from sales groups like ours,” said Pordes CEO Mark Pordes, in town last week to unveil the partnership. “We keep hearing about Canadians buying in Florida, yet no one has been coming up here and putting forth any real effort.”