Tony Arellano and Devlin Marinoff

Commercial real estate power brokers Tony Arellano and Devlin Marinoff are not just two of Miami’s most prolific and creative dealmakers. The DWNTWN Realty Advisors co-founders and managing principals are also shaping the future of the city and its urban core neighborhoods.

The deals Arellano and Marinoff completed in 2021 helped position Miami as an emerging technology hub and the “capital of capital.” For instance, Arellano represented Wynwood Annex developers Related Group and East End Capital in a landmark March 2021 office lease with venture capital giant Founders Fund, led by PayPal co-founder Peter Thiel.

Arellano and Marinoff also brokered the March 2021 sale of a distressed $37.2 million loan secured by the iconic Security Building in downtown Miami.

Other notable 2021 deals completed by Arellano and Marinoff include:

• The $13.3 million sale of the Wynwood Arcade retail and restaurant building to Black Lion Investment Group
• The $10.5 million sale of a North Miami site that was once home to “The Birdcage,” “Miami Vice,” “There’s Something About Mary” and many other films and television shows. Fuse Group purchased the 2.8-acre property
• The $6.5 million sale of a Miami Design District retail building to a prominent Australian furniture designer
• The $5.7 million sale of a Midtown Miami commercial building to a high-profile music label executive and songwriter
• The $6.4 million sale of a Wynwood retail building that will be repositioned into creative offices

The power brokers are poised to have a record-breaking year in 2022, with more than $100 million in pending transactions expected to close in just the first two months of the year.