A real estate billionaire, Masoud Shojaee, got the attention of many days ago after his wife, Stephanie, shared a video of how he surprised her with a private jet Christmas gift. Hed brought capital with him from Iran, and his family had sent more money to invest in the United States an amount Shojaee will only peg as millions of dollars. At least one of those consultations took place over the phone. Stephanie revealed that the aircraft is an "insane gift". This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Become a member to support the independent voice of South Florida Covering Miami, Fort Lauderdale and the Palm Beaches since 2016. Stanley Price: Importantly, we gotta get Ralph to champion this thing through for us. Legit.ng compiled some of the reactions below: Meanwhile, Legit.ng earlier reported that a Nigerian man raised the bar on wedding anniversary celebrations with the rare gifts he gave his wife. Developed and managed by industry veteran Masoud Shojaee, CEO of Shoma Group - who over the past 31 years has developed more than 10,000 homes and condominiums, and completed over $5 billion in real estate transactions - Shoma Bazaar at Sanctuary Doral is the firm's first food hall concept and represents the first of many future Shoma . Under Masoud and Stephanies watchful eyes, Shoma Group has meticulously constructed impactful projects like the sold-out $150 million Oasis Park Square and $102.5 million Sanctuary Doral Park, with another eight same-scale projects currently in the works. A look at the husband's profile shows he is into real estate and he is the chairman SHOMA GROUP, a company that was founded according to its Instagram profile in 1988. We don't want her to suffer: Bride's parents strongly dislike groom's apartment, wedding cancelled, PAY ATTENTION: Install our latest app for Android, read best news on Nigerias #1 news app. I dont think he is all about flash. With over $5 billion in completed real estate transactions, Shojaee has built his career and reputation on building up underdeveloped neighborhoods and turning them into thriving cities. Beyond his real estate entrepreneurship and investment, the billionaire real estate mogul is a passionate philanthropist as the Shoma Group founder is involved in the University of Miami's School of Communication scholarship fund with an entire hall named after him (the Shoma Hall), World Vision, St. Jude Children's Research Hospital, and many other charitable endeavors. For Steve Patterson, president and CEO of Related Development, Shojaees vigilance is one of the keys to his success. Save my name, email, and website in this browser for the next time I comment. A six-year dispute between Ugo Colombo and Masoud Shojaee momentarily came to a close. They will begin welcoming residents to their brand new apartments on August 1. and help keep the future of New Times, Use of this website constitutes acceptance of our. Further, the successful investor is a wine aficionado and an aviation enthusiast having bought his first private plane at the age of 38. Nigerian Mum Moved to Tears in Video after Son in US Navy Who Said He Won't Return for Christmas Showed Up, PAY ATTENTION: Install our latest app for Android, read best news on Kenyas #1 news app. Leading the pack of Miamis plethora of development firms is Shoma Group, a renowned multi-billion-dollar real estate company thats been led into international recognition by the husband-wife team of Masoud and Stephanie Shojaee. 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Hall said Shojaee and he have a group of highly accomplished mutual friends, including high-profile attorney Scott Baena and others he declined to name. His world changed on a dime, and he was literally on his own, Hall said. Gospel was once bitten by love as the woman he wanted to marry years ago jilted him a few days to their wedding when all plans had been made. The post soon blew up with many netizens lauding the man. While many investors are finally realizing Miami's and South Florida's value, Masoud Shojaee, CEO and Chairman of the Board of the award-winning real estate development company Shoma Group, has believed in the region for over three decades. Shojaees strategy was to focus on the Hispanic market, advertising the homes on Spanish radio by broadcasting a live breakfast show from the sales office. GQ is a registered trademark of Cond Nast New Markets Europe/Africa, Inc. used under license by CONTENT NATION MEDIA (PTY) ltd. I love to work, he said. Serving as a kickoff for upcoming regularly scheduled events that will take place year-round at Sanctuary Doral for residents and commercial tenants, hosts Shoma Group and Braman Miami rolled out the red carpet as event-goers enjoyed cocktails and delicious samplings from the participating restaurants getting a true taste of whats to come once Shoma Bazaar officially debuts this Fall. The 226-unit multifamily property is located at 9400 NW 41st St. So in 1988, at 27, he started Shoma Development with 10 employees. Stephanie Shojaee President of @shomagroup Owner of @shomabazaar Happy wife to @mrmasoudshojaee Mom to Pebbles. When @instablog9ja reshared the video, Nigerians had a whole lot to say. While friends note his generous character and sartorial sensibility, theyre just as apt to muse about his determination and focus in business. 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She is an executive in the real estate industry and is currently the president of Shoma Group. Andrew Hall, Shojaees friend and managing partner at Hall, Lamb, Hall & Leto, who represents him in the Collection Residences and Collection suits, said litigation is par for the course. They became more bonded as they both were active in making the Shoma company reach the heights of success. He started his company in the 1980s and worked up to make a real estate company known to everyone. Interestingly enough, Shoma Group is using this as an opportunity to get into the hospitality and entertainment industry, as they are launching their first 'Shoma Bazaar' location at Sanctuary Doral Apartments. Further, due to harsh COVID-19 restrictions, even residents of warm-weather cities like Los Angeles are flocking to Miami due to its lack of business restrictions. t may be hard to believe that the man who today oversees a vast empire of real estate development in South Florida, who relishes the riches of his success driving a Rolls-Royce Wraith and sporting the latest fashions from Bijan and Dior was once a frightened 18-year-old, completely alone in the U.S. as a freshman at the University of Miami, in exile from his home country, where a revolution was just beginning. You receive a lot of money when you are 18 years old, that is a recipe for disaster: You are not competent to do much .He took off and was terrifically successful. 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It seems one of the three men inadvertently caused that three-way conversation to be recorded on the voice mail of a bureaucrat who works for a local public agency. During his earlier years, Shojaee said he was primarily focused on mid-market prices for single-family houses and townhomes, but he changed direction after the housing crisis of 2007, opting to build more luxury homes and townhomes priced at $1 million and up. A video capturing the occasion was shared on Instagram. SPONSORED - In celebration of the upcoming debut of the areas most exciting new restaurants at Shoma Bazaar food hall, Miami-based developer Shoma Group hosted an exclusive evening at Sanctuary at Doral featuring the latest in Doral dining in partnership with Braman Miami. You are already subscribed to our newsletter! Rebecca Wakefield Masoud and Stephanie Shojaee. Burgers, Franks, Fries, Doce Provisions, Ellas Oyster Bar, Shahs of Kabob, Sweet Manifesto, Trattoria Dal Plin, and The Market Milkshake Bar. Masoud Shojaee is the Chief Executive Officer at Shoma Group based in Coral Gables, Florida. PAY ATTENTION: Help us change more lives, join TUKO.co.kes Patreon programme. The most insane gift @mrmasoudshojaee I love you 11 years later and you still manage to surprise me! Most recently, the firm partnered with the Related Group on CityPlace Doral, a mixed-use project. Miami-based developer Shoma Group is excited to announce that its exclusive, upscale condominium, Ten30 South Beach, has completed sales. I hope I am healthy enough. Shoma Group is a real estate development and investment company with over 30 years of history and over $5 billion in completed real estate transactions. The man bought his beloved wife 2 cars to mark their 8th wedding anniversary. 277 posts. "Always put your A-game": Video of DJ performing heart out for 2 fans has mixed reactions. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. CAKEGATE 2023: Bad Bunny's Restaurant Accused of Gobbling Birthday Girl's Cake, Death Train: A Timeline of Brightline Fatalities in South Florida UPDATED, Neighborhood Nazi Jon Minadeo Peddles Hate by the Minute, Sen. Rubio's Permanent Daylight Savings Bill Sees Light of Day Once More, NFL Legend Ray Lewis Joins World Jai-Alai League Board of Directors, Affordable New "Micro-Units" Slated for Little River, Edgewater. Ten30 South Beach, a curated collection of 43 one-, two-, and three-bedroom condominiums nestled in one of South Beachs most vibrant neighborhoods, is quickly selling out its inventory as demand for Miami luxury real estate heightens. Amid strikes and brewing unrest, Shojaee left home in August 1978 to study electrical engineering at the University of Miami. Masoud builds high quality developments in the diverse and growing South Florida. When the veil was taken off her eyes, the woman hugged her husband happily. Andrew provides design leadership and expertise to our Stantec Miami office. Bio, Years, Spouse, Level, Online Worth, Wedding, Birthday celebration Stephanie Shojaee Wiki Bio: Stephanie Shojaee try a western entrepreneur and you will social networking character. In the adorable video, the husband who rocked white native wear called agbada made the announcement of the car gifts in the midst of guests who turned up for their wedding anniversary celebration. Join the New Times community and help support The evening also featured a display of the latest Braman BMW and MINI Cooper vehicles where guests had the opportunity to enter to win an exclusive raffle for a weekend getaway on a BMW or MINI courtesy of Braman Miami. The group regularly gets together socially for dinner, each taking turns hosting. Share. Its details that I pay attention to.. Specializing in residential and commercial projects, Shojaee has built over 65 developments spanning more than 10,000 residential units and over 1 million square feet of. Miami, FL March 4, 2021 In celebration of the upcoming debut of the areas most exciting new restaurants at Shoma Bazaar food hall, Miami-based developer Shoma Group hosted an exclusive evening at Sanctuary Doral featuring the latest in Doral dining in partnership with Braman Miami. "Today, South Florida is a thriving market and Miami has transformed into an exciting city with a banking center, an industrial hub, Cruise Lines, and a multitude of great things to do and . Today his firm, Shoma Group, develops apartment buildings, townhomes, office buildings and retail space in addition to the 10,000 single-family homes it has built since he founded the company in 1988. . TUKO.co.ke previously reported that a young man took to Twitter to share the news that he bought his mom a car for her 40th birthday. Shoma remains busy, working on six projects, planning four more and looking at single-family home construction in the Boca Raton area and Delray Beach. The Coral Gables resident told The Real Deal that his goal is to bring new design concepts to the region like choosing a minimalistic style rather than Mediterranean architecture at the nearly completed Oasis at Park Square in Doral, where each unit features a private rooftop with a Jacuzzi, barbecue area, bathroom and covered terrace. The development is expected to cost $220 million to build. [1] [2] Masoud Shojaee was awarded with Future Sharks entrepreneur of the year award in 2018 . 4. Shoma had purchased. Developed and managed by industry veteran Masoud Shojaee, CEO of Shoma Group who over the past 31 years has developed more than 10,000 homes and condominiums, and completed over $5 billion in real estate transactions Shoma Bazaar at Sanctuary Doral is the firms first food hall concept and represents the first of many future Shoma Bazaar food halls set to be incorporated into each of Shoma Groups upcoming rental communities. A confidential source provided New Times with a copy of the taped conversation, which probably took place in May or June 2004. From the fall issue: It may be hard to believe that the man who today oversees a vast empire of real estate development in South Florida, who relishes the riches of his success driving a Rolls-Royce Wraith and sporting the latest fashions from Bijan and Dior was once a frightened . At the time of the taped conversation, the City of Doral was only a few months old and had not yet created its own planning and zoning department. Now that the Miami and South Florida real estate scenes are getting the attention they deserve, Masoud Shojaee is benefiting from the fruits of his labor and years of investment in these regions. Lamas and her children, through trusts and other entities, sued the Shoma Group developer over the years. Originally founded in 1988 by company CEO Masoud, Shoma Group has blossomed over its 34 years of operation into developing more than 65 development projects, one million square feet of office and retail space, and handled more than $5 billion in real estate transactions. With a master's degree in electrical engineering and a keen eye for potential, Shojaee founded Shoma Group in 1988 after immigrating to the states from Iran in around 1978. It is great cash flow and you have no risk, and you sell the building when its stabilized, or you decide to keep it, and two or three years from now, when the condo market is great, you do a condo conversion, Shojaee said. You are already subscribed to our newsletter! LSA Property Holdings bought it for $2.81 million in 2012. Hialeah, FL - October 20, 2021 - On Wednesday, October 20th, real estate power leader Masoud Shojaee, President and Chairman of the Board of Shoma Group, honored Hialeah's Mayor Carlos Hernndez at his latest forthcoming development, Shoma Village, to recognize the mayor's decade of service as his term comes to a close.Shojaee spoke about the mayor's support of his effort to bring a . Businesses shut down. He reentered the aviation business two years ago, buying and selling more planes. Prices ranged from $150,000 to $330,000 per home. Stephanie revealed that the aircraft is an "insane gift". 465k Followers, 138 Following, 277 Posts - See Instagram photos and videos from Stephanie Shojaee (@stephshojaee) stephshojaee. Shojaee bought Abreus share in the partnership for a few million dollars a number he doesnt recall exactly taking on more than 200 lots to build single-family homes. Theres a certain flair to Masoud that is undeniable. An Iranian native, Masoud immigrated to the United States in 1978 before founding Shoma Group a decade later. A look at the husband's profile shows he is into real estate and he is the chairman SHOMA GROUP, a company that was founded according to its Instagram profile in 1988. I love what I do.. For Shoma's single-family developments, Shojaee said the company handles 80 percent of the design, 100 percent of the construction and 90 . The new city also relied on the county bureaucracy to process any requests for changes brought by Doral property owners. Only one problem: The property wasn't zoned for that. The next deal was even larger. In the short clip, the woman was led out of a Rolls Royce blindfolded by Masoud. Season 1 Episode 1 of the PROFILE Exclusive Podcast by PROFILEmiami featuring Masoud and Stephanie Shojaee of Shoma Group is now LIVE on Spotify and Buzzsprout. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Sustain independent journalism in Nigeria contribute to Legit.ng. More Updates about her will be shared soon. Miami-based developer Shoma Group has launched sales for Shoma Bay, a 21-story, 327-unit condominium on the corner of the 79th Street Causeway and East Treasure Drive in the waterfront community of North Bay Village. This unique Moroccan estate in Coral Gables owned by Miami developer Masoud Shojaee has resurfaced for $12.9 million ($1,036 per square foot), down nearly 20 . Nor had it developed its own comprehensive master plan.