Jose Auriemo Neto Facilitates JHSF’s Acquisition Of Fasano Restaurants

Brazil’s JHSF is set to become a household name in the South American nation after its purchase of 13 Fasano restaurants. The real estate company will now have the right to the Fasano luxury brand name. Previously, the hotels were managed by Grupo Fasano, a Sao Paulo-based firm.

The acquisition is worth over $23.8 million dollars. JHSF communicated to Fasano management about their intended purchase of the company. To this end, Fasano presented their shareholders with the proposal from JHSF. The stakeholders agreed to the proposed sell of the entity. This is because JHSF had offered a lucrative offer. According to official data, the offer was worth over five times the restaurant’s earnings before taxes, interest, amortization, and depreciation. The acquisition was spearheaded by Jose Auriemo Neto, JHSF’s president.
Previously, Rogerio Fasano controlled the Fasano group of hotels and restaurants. The Sao Paulo-based businessman comes from an Italian-immigrant family that has run the restaurants for over a century in the city. In addition, the Fasano Group owns resorts in Sao Paulo and Rio De Janeiro. The conglomerate has made significant investments in Brazil and Uruguay.

This acquisition is set to improve JHSF’s portfolio of luxury properties. The leader in the real estate sector of high income in Brazil also owns other properties such as luxury apartments, commercial premises, shopping centers, and an international private airport.

One of the high-end properties developed by JHSF is the Cidade Jardim Shops in the Jardins area. In addition, Shopping Metro Tucuruvi, made a significant impact on the lives of the people. The shopping mall’s success of real estate business was based on its fantastic integration with subway and bus terminals located nearby. Shopping Metro Tucuruvi was built using the expertise gained from Shopping Metro Santa Cruz, which was constructed by JHSF in 2001.

About Jose Auriemo Neto:

Jose Auriemo Neto is a Brazilian entrepreneur and executive leader. The visionary businessman is the chairman and CEO of JHSF Participacoes SA, a luxury real estate developer. The father of two first joined the company in 1993. His presence in the company saw the establishment of the group’s services department.

Jose Auriemo Neto is credited for developing Shopping Santa Cruz. He enabled JHSF to venture into retail business by signing a partnership agreement with Jimmy Choo, Pucci and Hermes. Previously, Neto worked for B Store. He is a graduate of Fundacao Armando Alvares Penteado (FAAP) University.

Real Estate Buyers In New York City May Have More Leverage Due To Vacancies

The real estate market in New York City has been breaking sales records for the past two years. There are more buyers in the market than ever before, even though prices have jumped a whopping 50 percent over the last six years. Apartments are selling like hot cakes especially the lower priced apartments. Of course, lower price means apartments that are in the $400,000 to $600,000 price category.

According to an article published by ZeroHedge.com, the vacancy rate has increased over the summer, but many brokers attribute that increase to the escalating prices in New York. Prices have increased for everything in New York in 2015, and many economists that are tuned into New York say more increases are coming in 2016.

The ZeroHedge.com article questioned whether the real estate boom was coming to an end in New York City, but according to Andrew Heiberger, the founder of Town Residential, that’s not the case. The luxury market in New York City apartments for rent is still as hot as ever, according to Heiberger. He should know. Town Residential is the top luxury real estate company in New York. The company has more multi-million dollar listings that the brokers that star on the Bravo Television show Million Dollar Listing New York.

The brokers at Town Residential say buyers are more price conscious, so they are not overpaying. Buyers are staying away from the insane bidding wars that made values explode earlier this year. Town Residential Brokers are very busy selling high-priced apartments to buyers that live in other countries. Heiberger thinks that trend will continue next year especially if the real estate values continue to drop in other cities around the world.

But according to the ZeroHedge.com article, the vacancy rate may increase in spite of that mystic. But Town Residential brokers say even though certain sections of Manhattan may experience more vacancies, areas like Astoria, parts of Brooklyn and the Lower East Side are busier than even. The East Village is not as hot as it was because of its Post-Frat boy image. The Lower East Side is now the artsy and fashionable place to live. Even the southern end of Prospect Park is experiencing a lot sales activity, and so is Bay Ridge where an agent recently sold a un-renovated three story house for almost a million dollars.