The Shojaees sued Silva for defamation last week in Miami-Dade Circuit Court. You are already subscribed to our newsletter! But Masoud Shojaee was once that kid. Lucky for him, the market was just ripe; the US was going through a saving and loans crisis, making it a great time to acquire properties. He emigrated to the United States in 1978 to pursue electrical engineering studies at the University of Miami, where he earned a master's degree before entering the real estate industry and founding Shoma Group. 2023 Cond Nast. Cabrera debuted in 2003 and is a two-time American League Most Valuable Player. 5 Under Armour Apparel items every man needs to add to their closet this Winter, Men are putting pearls on their penises to have better sex, Award winning Afro-tech DJ Rabs Vhafuwi returns with yet another enchanting music. Shojaee, 46, is a native of Iran, where he was born. Thirty years of history, a strong track record and over 5 Billion dollars in real estate transactions are a good indication of a solid approach to developing residential, commercial and mixed use projects and communities. ", With no plans to slow down, Shojaee and Shoma Group are just as bullish on Miami and South Florida as ever. Supplied with seed money from his father, who was a developer in their native Iran, Shojaee began his career in building well before he turned 30. She frequently documents her lavish lifestyle with her spouse, co-founder of Shoma Group, and their dog, Pebbles. And I feel like its what keeps me going.. We work so hard, she said. For those unaware, "Shoma" is a play on Masoud Shojaee's full name as the firm's name combines the first three letters of his last name (sho) with the first two letters of his first name (ma). welcomed in more new residents during 2022s first quarter, Miami metro area government greenlighted the development, Stephanie Shojaees new headline-grabbing position as Shoma Group President. He has an enormous sense of urgency with everything he does, and that is why he gets so much done, Patterson said. PAY ATTENTION: Click 'See First' under 'Follow' Tab to see Tuko.co.ke news on your FB Feed, Get the news that matters from one of the leading news sites in Kenya, East Pokot Residents Have No Share in Our Gov't, Rigathi Gachagua Declares, Jack Ma takes up visiting professor post in Japan, Charlene Ruto Hangs Out with Silas Jakakimba During U20s Rugby Match: "Catch Up", Kenyans Share Mixed Experiences Living in Mabati Houses: "Visitors Knock on Wall Instead of Door", Amber Ray Holds Glamorous Baby Shower, Discloses Unborn Child's Name, What happened to Jesse from NELK? . Shoma Group | 1,921 followers on LinkedIn. Click 'See First' under 'Follow' Tab to see Tuko.co.ke news on your FB Feed. They are both from his first marriage to Maria Lamas. He started out in real estate by creating neighbourhoods of single-family homes. Shojaee also knows exactly what he wants from a sartorial perspective. Lamas co-founded . He likes finer things in life, but he is respectful and disciplined.. Hes never been making more money than he was before he met me. Anelise Shojaee is Masoud Shojaee's eldest daughter and works with him in the Shoma Group. His father retired and Shojaees life took a turn. Four months later, the Iranian revolution began. An Iranian native, Masoud immigrated to the United States in 1978 before founding Shoma Group a decade later. 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. The company also expanded its reach and started developing properties in areas such as Palm Beach, Broward, and other regions of South Florida. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Miami luxury real estate agent pleads guilty in PPP fraud case, Grant Cardone faces tenant uproar over rain damage at Las Olas apartment building, Wells Fargo likely to sell 550 California Street at deep discount, Eli Karps Flatbush investors want their money back. Billionaire Surprises Wife of 11 Years with Private Jet as - TUKO Before marrying Stephanie, Shojaee was married to Maria Lamas. 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. Initially, he intended to attend UCLA. Who is Masoud Shojaee's new wife? The real estate mogul arrived in the US on his own; his family left back in Iran. Unfortunately, there are no exact figures for Shojaee's salary. . "Once I stayed here in Miami, it felt like home; now my kids have Master's Degrees from UM as well" said Shojaee. The couple married in 2019, a year after Masoud finalized his divorce from Shoma Group co-founder and his former . Shojaee even got into the aviation business in 2003, buying and selling planes and helicopters. 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. The $900 million mixed-use building Park Square, which he built alongside Related Group in 2013, is one of his most well-known projects.[7][8][9]. Shojaee is married to Stephanie Shojaee, formerly Stephanie Mejia. 5. The billionaire, who is the CEO of Shoma Group real estate, has been praised by many for being a romantic gentleman. The billionaire, who is the CEO of Shoma Group real estate, has been praised by many for being a romantic gentleman. MASOUD SHOJAEE is an American real estate developer. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Shoma is also finishing developing the homes at Oasis at Park Square at CityPlace. Shojaee is also responsible for One Park Square, a $900 million mixed-use development encompassing 300,000 square feet of retail space, luxury rental buildings like The Manor & The Flats, as well as single family homes like Oasis Park Square. They would get G Wagons, Range Rovers, black cards, everything they wanted and a lot of affection. But their relationship took a turn once they learned about their fathers girlfriend and future wife, Stephanie recounted. This forward thinking allows Shoma to best utilize new ways to design and execute on big ideas. 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. Her success certainly didnt 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. Interesting facts about Michael Jackson's look-alike, Who is Daniel di Tomasso? Still, while a cut-throat climate for brokers themselves, Miamis presently bustling real estate market has brought incredible opportunities for developers to rise to the occasion and fill this massive demand for properties.