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ISG takes over sales at Brickell City Centre from Fortune and One Sotheby’s

ISG is taking over the remaining condo sales at Brickell City Centre on Tuesday from Fortune International Realty and One Sotheby’s International Realty, The Real Deal has learned.

Swire Properties had issued a request for proposals for one brokerage to handle sales and marketing of the remaining 200 units at Reach and Rise, the 760-unit condo component of Brickell City Centre, sources said.

ISG co-founder and principal Craig Studnicky confirmed it won the bid. “Swire made a decision around six months or so ago that they only wanted one company to take over,” Studnicky said. “[Fortune and One Sotheby’s] didn’t do it as a joint venture; they were competing against each other.”

Maile Aguila, senior vice president of residential sales for Swire, said late last year that she divided buyers and leads evenly between Fortune and One Sotheby’s. The sales team had also been cut in half to about a half dozen agents. Aguila could not immediately be reached for comment.

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Aguila said in December that Swire won’t launch Brickell City Centre’s second phase — including hiring a brokerage — until Reach and Rise are sold out. The first phase of Brickell City Centre includes the completed 500,000-square-foot shopping center, office building and the 40-story East, Miami hotel.

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TRD