Rashmi Shrestha endobj The Shouma hall has been helpful for the students of the University. It would be easy to think that Masoud Shojaee achieved his place at the pinnacle of South Florida real estate development on his ownbut he had a partner on his way to the top. For example, between work posts, you can see me using lots of self-deprecating humor about how our dog Pebbles gets more attention from Masoud than I do. Dr Jessica was born on 13 August 1977 while Jon was born on 15 September 1990. In 2018, he bagged the Future Sharks entrepreneur of the year award. I also assist clients in developing wish lists of features they want in their homes, guide clients through the process of staging and preparing their homes. It is unusual that we would be unable to see what is otherwise basic information.. She is an executive in the real estate industry and is currently the president of Shoma Group. Its a choice that our local elected officials make each time they fail to hold developers and corporations accountable, fail to allow communities to be part of the vision for their own neighborhoods, and fail to choose people over profit. But what do we know about the enigmatic and private real estate mogul with a penchant for luxury and an impressive amount of business savvy? She is helping Masoud to expand the Shouma Empire. 100 Broadway | Level 11 | New York, NY 10005, Stephanie Shojaee, Shoma Groups New President, Reveals Her Secrets to Success. Later Mr. Shoajee would tell the IRS that as a family business, there was no record kept of hours worked by officers and directors. They became more bonded as they both were active in making the Shoma company reach the heights of success. Shoma Group recently renovated its headquarters at 201 Sevilla Avenue in Coral Gables. That complaint accused Shojaee of misappropriating funds from an entity that leases undeveloped land to rock miners. Anelise Shojaee and Lilibet Shojaee [Both children of Masoud Shojaees Ex-wife, Maria Lamas]. I think what makes us a great professional team is that we have very different perspectives and backgrounds but the same aspirations for the company. He recently sold two Challengers and currently owns a Challenger 604 for his corporate use. 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The Iranian Revolution began in 1978, prompting Masoud to leave his home country for college in the United States. Masoud expressed that a company needs to keep in touch with the market and be on edge with the fresh thinking present in the next generation. Masoud Shojaee's career as a developer has evolved from single-family homes to luxurious mixed-use projects, and he's working on his biggest developments yet.. I like to show people what I am like in real life while still keeping healthy boundaries, I strive to inspire people and showcase my real self. To start his business, he partnered with another real estate development company, A&F Developers, their first project was a 48-home property. For more on Stephanie and her ground-breaking approach to executive leadership and personal style, visit the Shoma Group presidents Instagram for the latest updates. By showcasing what I do throughout my work day, I hope to demonstrate that they, too, can have a seat at the table in the industry and do so while being their complete, authentic selves. But, his friends convinced him to enroll in the University of Miami, from where, he earned a degree in electrical engineering. Four months later, the Iranian revolution began. Two trusts benefitting Anelise and Lilibet Shojaee sued a company managed by the Coral Gables-based developer thats tied to a recently completed Doral mixed-use project. Masoud Shojaee and Maria Shojaee divorced in 2019 after being married for nearly three decades. 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. Steph is the Chief Marketing Officer (CMO) of their , Shoma Group, while Masoud is the Chief Executive Officer. Of the governments four witnesses, the Tax Court found that only one contradicted his position, that being his brother-in-law. The real estate mogul was previously married to Masoud, Maria Lamas. Heir Of Honduran Timber Fortune Wins Large Refund In Tax Court - Forbes There was a failed hotel development plan in Las Vegas a deal that collapsed in 2007 along with the economy. A: I really enjoy sharing my work life on Instagram as a way of promoting the company and giving visibility to working women, especially in this field. Hall said that when it was Shojaees turn last fall, he flew eight people on his private plane on an excursion to Austin, Texas, for a lunch and dinner of brisket and ribs. 11:40AM, I drove past some new luxury apartments being built in East Hialeah. The Daily Business Review, in its coverage of the case, focused on the family drama. Its details that I pay attention to.. People used to take me less seriously because of it, but over time I have demonstrated that I can be just as serious as a man in a hard hat and pants even when I am dressed in designer clothing and heels. Highlighting the best architecture across the Magic City. And he is currently in the midst of litigation against Ugo Colombo, his partner on the planned Collection Residences. Read Also: Alexander Shunnarah Net Worth: Biography, Career 2022 (Updated). Yes Shojaees two daughters, Anneliese Shojaee and Lilibet Shojaee, both work with their father in real estate companies. The marriage of Masoud Shojaee and Maria Shojaee lasted for about 30 years. It was all possible due to their $1.5 million gift from them to the University. local news and culture, Joshua Ceballos I focus on the tax issues of individuals, businesses & more. All in the Tax Court credited Mr. Lamas with 691 hours working for Shoma and Greens during 2008. In 2008, amid the downturn, he sold all the inventory for more than $150 million, he said. The couple met at the company where Stephanie had worked for the past 11 years. Masoud is popularly known as the CEO of the Chairman of the Board of Shoma Group. The couple is Alumni of the university as they both had attended the University of Miami. But, after 30 years of marriage, Maria filed for divorce from Masoud, leading to a messy legal battle. That makes the MAFS expert is originally from Wooster, Ohio. The deal was that Shojaee would put up all the equity, and bank financing would provide the rest of the funds. Shojaee earned most of his wealth from serving as the president and chairman of the board of Shoma Group. The timing was lucky for him, the market was just ripe, the US was going through a savings and loan crisis, making it a great time to acquire property. The pair were married in 1986, and Maria co-founded the Shoma Group with him. The private jet is just one of the many gifts Masoud gave to his wife in the past year. Using the IRS as a weapon in a business dispute is, well, not good business. In the early stages of the audit Mr. Shoajee had supported the view that Mr. Lamas had worked at Shoma on a regular and continuous basis at least 10 hours a week. A: Im proud to say that Ive been able to dramatically change the way Shoma markets its developments and itself as a brand. By making his wife CMO, it shows how much trust and faith he has in her. Get the latest updates in news, food, music and culture, and receive special offers direct to your inbox. Billionaire Surprises Wife of 11 Years with Private Jet as Christmas 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. This case was also unusual in the dollars at stake. How Many Games Are Played In The First Round Of The NHL Playoffs. Tour the amazing $11M castle Dwyane Wade and Gabrielle Union were married in. Mejia may have been ultra-successful in the corporate world, but she had come from humble beginnings as the daughter of Colombian immigrants. Miranda Cohen Net Worth: Biography, Fitness, Age, Height & Weight [2023]. Shojaee earned a degree in electrical engineering and then pursued his Ph.D. Just a decade after arriving in the United States as an exile, Masoud Shojaee had turned his life around. https://therealdeal.com/miami/issues_articles/the-making-of-masoud-shojaees-empire/#new_tab, Miami condo sales surged in March. Being that I am a frequent shopper within luxury brands, I have been building relationships over time, most of which have turned into dear friendships. Abreu had partnered with the Somoza family of Nicaragua to develop hundreds of lots at Sunset Harbour, at Sunset Drive and 127th Avenue, and was ready to cash out. <> I am generally conservative, but I am a risk taker with a very calculated risk, he said. I also assist clients in developing wish lists of features they want in their homes, guide clients through the process of staging and preparing their homes. At 12,492 square feet and located off Casuarina Concourse, its among the seven biggest homes for sale in the affluent neighborhood. This Delray Beach estate listed for $20M includes a Chanel boutique-inspired closet, Not to mention the hidden cigar room, or massive pool, 10 of Miamis most iconic buildings, mapped. I love to be in my office. Who is: Masoud Shojaee? | News | Miami | Miami New Times | The Leading The company has made more than 10,000 residential units. Because until his success in the United States a few years later, he did not attract much public interest. Their marriage was strong with the passing years. Today it is one of South Florida's preeminent residential builders. He found that his daughter had better ideas. 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. Businesses shut down. How do you decide whats worthy of sharing with the public, and what you keep private? The couple was living their dream life together until 2015 when Maria filed for divorce from Masoud. As a result, Shoma is rooted in both the foundational practices and wisdom Masoud has gained since he founded Shoma 33 years ago and the new ideas and approaches to developing and selling real estate I have brought to the table. Overall, I try to be as inspirational as I can while still maintaining relatability. I came on board as part of the sales team at Shoma, and I noticed that Shoma wasnt using any digital marketing, instead they were relying entirely on methods that many people would now consider old school, like newspaper ads and direct mail campaigns. The actual intent of the passive activity loss rules was to kill traditional tax shelters. Masoud Shojaee is the companys Chief Executive Officer and Chairman of the Board of Directors. Occasionally, Masoud still buys and sells airplanes, but his main focus is on his real estate company. How does it feel to accomplish this feat, and what does it mean to you to be the first woman of Latina origin to earn the spot? The stylish executive shares her husbands taste for luxuryin 2020, she was one of the only female brand ambassadors for Rolls-Royce in the US. Mr. Masoud Shojaee applies his vision and extensive knowledge of high-quality, development and construction to the diverse and growing South Florida real estate market. 6 0 obj %PDF-1.4 All trademarks and copyrights on this page are owned by their respective owners. The IRS was trying to deny him a refund of $5,260,964, which was based on a carryback of 2008 personal net operating loss to 2006. Masoud Shojaee and Maria Shojaee filed for divorce after 30 years of marriage. Who are Stephanie and Masoud Shojaee? inside the power couple behind He reentered the aviation business two years ago, buying and selling more planes. In Miami Beach, Shoma is planning a luxury townhome project, Eleven on Lenox, with construction expected to begin in the first quarter of 2018. They divorced in 2018. Maria also worked as a part of the company and aided her husband. To learn more or opt-out, read our Cookie Policy. His company Shoma is a Miami-based real estate development company. Fresh off the announcement of Stephanies new role as Shoma Group president, the marketing master sat down with us to reveal her secrets to success, style, and how she hopes to inspire other women to follow in her footsteps toward executive leadership positions. Deestroying Net Worth 2023: Early Life, Career, Personal Life & More Latest Update. This, the company started developing office buildings and other commercial properties. / , and/or . The company handled a large number of government contracts but came under fire amid local unrest and several large scale strikes. On a larger scale, I have also tried to increase the visibility of women in leadership positions in real estate through my social media channels. Therefore, Masoud Shojaee has an estimated net worth of $100 million. As a result, they moved into luxury homes and townhouses. There is not much information on Masoud Shojaee and Stephanie Mejia's wedding. Under Stephanies leadership, the firm had seen profits increase by 30% and boosted the companys gender diversity. Shoma's Masoud and Stephanie Shojaee Sue Realtor for Defamation Their former home, a Moroccan estate in Coral Estates, is on the market for $12.95 million. READ THIS NEXT: What is Ricardo Lugos net worth? Eleven on Lenox, a luxury townhome development in Miami Beach, The Cheapest, Nicest Apartments for Sale in the West Village, Brooklyn Heights One-Bedroom With Sharp Kitchen Reno, Micro Claw-foot Tub, for $675K. Source: The Real Deal ------------------------- Get the latest industry news and information from CRE-sources delivered right to your email inbox! Moroccan palace of Miami developer asks $13M - Curbed Miami Masoud Shojaee's Daughters Sue Over Doral Project *looks up website knowing its going to be tremendo robo*Why live in Hiealeah is not just a city. A: I have tremendous respect and admiration for Masoud and the thriving powerhouse that he has built. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. As a Christmas gift, the photo of which, Stephanie shared on her Instagram account and Masoud received a lot of praise from his fans for being a romantic gentleman. The company has built over 65 complexes totaling more than 1 million square feet of retail and office space. Today, I continue to make a deliberate effort to mentor our women employees at Shoma and give them opportunities to grow within our company, especially young women who are just starting out in the industry and are looking to launch their careers. TC Memo 2015-59 Jose A. Lamas And Maria E. Lamas v Commissioner of Internal Revenue. They are the definition of a perfect couple. The Groups focus back then was on building single-family homes in South Florida. I travel to properties with clients to show off the features of each home and help them compare different properties base on their needs. Both Shojaee and Colombo declined to comment on the legal wranglings. She is living happy married life with her partner Masoud. The trusts allege Sanctuary is currently valued at more than $100 million. Every major business person I have ever known has some degree of litigation associated with them, and it doesnt mean they havent been successful, Hall said. This strategy worked and the company became very successful. 3 0 obj I am the proud daughter of two working-class Colombian immigrants who devoted themselves every day to provide for our family. He started his career with a focus on single-family homes because they offer more flexibility: If the market takes a turn, you can switch plans. I am a very hands-on person, and I like to overview and supervise every aspect of the business.. In addition, in Coral Gables, Shoma has built custom homes and townhomes and recently renovated the companys new headquarters at 201 Sevilla Avenue, where Shojaee works with his two daughters, Anelise, 31, and Lilibet, 28. As a result, Masood earned a masters degree and continued to take additional classes for a Ph.D., thereby furthering his studies. Q: Your entry to Shoma Group as CMO helped elevate the company to new levels of success. That reduces costs, provides more control, and allows the company to establish relationships with buyers, he said. News ), , . I love creating things. Apart from real estate, Masoud Shojaee worked in the aviation industry. Lamas, formerly Maria Shojaee, is the ex-wife of Masoud Shojaee, president and chairman of Shoma Group. Mr. Shojaee, while acting as president of Shoma and Greens, had used Shomas assets for personal gain and usurped Shomas business opportunities for another business he controlled. Over the next three decades, Masoud and Maria welcomed two daughtersAnelise and Lilibetand built the company into one of the biggest development firms in the state. With a Masters Degree and a Ph.D. under his belt and a lifetime of knowledge passed down from his developer father, Shojaee had a plan. Masoud attended the University of Miami, where he earned a bachelors and masters degree in electrical engineering. Both of them work with their father in Shoma Group. Masoud Shojaee resides in Coral Gables, Miami-Dade County, Florida. After the success of the first two projects, Masoud Shojaee started out on his own, founding the real estate company Shoma Development in 1988. I think self-respect is the first step in getting respect from others. Stephanie Shojaee Net Worth: Income, Salary, Earnings, Biography & How much money make? I am proud to say that half of the employees at Shoma today are women, and that the Shoma marketing team I built from scratch is an all-women staff. Bad Boys II, filmed in Miami, didnt sniff any Oscars and certainly wasnt revered by critics, earning just 23 percent on Rotten Tomatoes, but as many will attest its one of the more entertaining action movies of the early 2000s. A: I have tremendous respect and admiration for Masoud and the thriving powerhouse that he has built. A: Fashion and hard work are two things that I believe can and should coexist no matter what industry you are in. Before marrying Stephanie, he was married to Maria Llamas. Initially, he expressed his desire to attend UCLA. Masoud Shojaees father was quite successful and owned a construction company in Iran, the company contracted various government projects. But as Shojaee expanded into residential development in Broward and Palm Beach counties, in addition to office development, he needed a way to keep an eye on his many projects. And of course, sometimes they dont find the logs credible either. A: I have been very fortunate over the years to develop great relationships with amazing visionary leaders in the fashion industry. Brooklyn MuseumAdjacent Apartment With Two Large Bedrooms Asks $875K, Two-Bedroom Penthouse on West End Avenue With 3,000 Square Feet of Terrace Asks $2.8M, One-Bedroom in Clinton Hill Former Shoe Factory (Across the Street from Pratt) Wants $795K. Mr. Shojaee, while acting as president of Shoma and Greens, had used Shoma's assets for personal gain and usurped Shoma's business opportunities for another business he controlled. Karolina Protsenko Net Worth 2023: Biography, Music Career & More Latest News. The couples have two daughters with together, and their names are Lilibet Shojaee and Anelise Shojaee. Shouma Hall is a theater-styled auditorium or classroom packed with leading-edge technologies to enhance the study of communication and can accumulate 140 students. Shojaee is also planning to build 180 apartments and 50,000 square feet of retail space at 1515 San Remo Avenue, across from the Shops at Sunset Place. Jakipz Andrich Net Worth 2023: How Rich Is Jakipz Andrich? Masouds father owned a successful construction company with more than 400 employees. But Masoud Shojaee was once that kid. In April 2022, Shoma bought a development site for $220 million. Q: Your Instagram has amassed a huge following thanks to the front row seat social media gives to your life. Content created and supplied by: Georgiapens (via Opera Masoud Shojaee is an entrepreneur whose first wife is Maria Shojaee. He visits Bijan on Rodeo Drive in Beverly Hills every quarter and has suits designed with unusual twists like a yellow jacket with one black button and all the rest white buttons. After the divorce, Maria remained out of the spotlight while Masoud found love once again in his life. From limited edition Hermes purses, to vacations, to the unexpected Audemars Piguet wristwatch Masoud left at her office one fine morning, and of course, the private jet which happened to be the biggest of all last year. Then in 1992, he bid $6 million in a government auction of 700 lots and negotiated a deal to get 300 more, developing 1,000 single-family homes on 220 acres, called Tamiami 4 and Tamiami 5. As a result of its reputation for building environment and quality homes, people want to buy Shomas advanced projects whenever they get them. These efforts gained momentum very quickly and now theyre the primary way we market our projects. Parker Tax Publishinghas a good summary of the case. I am a firm believer in dressing well, and always dress to kill whether Im headed to the office or to the front row of a fashion show. the highest percentage of Cuban and Cuban-American residents in the country, rent jumped a whopping 65 percent, from $1,000 to $1,650 a month. Masoud isnt one to give up easilyin business or in love. Who is Masoud Shojaees first wife? By Behold, the 21 best destinations in Miami for families and kids. While friends note his generous character and sartorial sensibility, theyre just as apt to muse about his determination and focus in business. Her success certainly did not come easily; as the child of Colombian immigrants, Stephanie had to fight tooth and nail against the odds to make a name for herself in business, a tenacity and work ethic she continues to maintain to this day. After completing his studies, Masoud Shojaee decided to put down roots in Miami. Masoud Shojaee's wife Shojaee is married to Stephanie Shojaee, formerly Stephanie Mejia. He was still under 30 when he founded the Shoma Group in 1988. I came up with better ideas and new ideas, to be more creative, to have a better design on the houses, to be a little bit innovative, to introduce new products.. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); I am Judit Miltz a Realtor. Joe Kristan noted that allowing Shoma and Greens to be considered a single activity was a very important aspect of the decision. In 2003, he started buying and selling planes and helicopters and was quite successful despite the economic crisis of 2008. One of those persons is Stephanie Shojaee, wife of real estate guru, builder and businessman, Masoud Shojaee. The taxpayer win in this case is encouraging and you really have to wonder why the IRS pushed it so far. Brennan married Isabella Izzy Roland on 1 April 2023. This love contains abundant respect, loyalty and trust for each other. The trust accused Shojaee of secretly siphoning the firms available cash to pay and support his lavish personal lifestyle since 2015. Kylie emerged i Nimesh Patel wife Amy Havel Patel is a Director at Whalar. From the early days of the Shoma group, Shojaee showed a keen insight into developments in the Hialeah and Doral areas. I think this partnership uniquely positions us to be able to stay on the cutting edge as a market maker for years to come.