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North Miami to Invest up to $15M in $86M Apartment Project...

Miami Herald

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Investor buys rapper Birdman’s Miami Beach home out of receivership

-In November 2017, Fort Lauderdale-based Chemtov Mortgage Group filed a lawsuit to foreclose on [rapper Bryan “Birdman” Williams’s] waterfront property, alleging that Williams and other companies tied to him had stopped making payments on the loan. The foreclosure suit also targeted the building at 1755 Northeast 149th Street, home to Birdman’s Hit Factory Criteria Studios, which was not included in the sale of the Palm Island house.

-Previous coverage by The Real Deal and South Florida Business Journal

The Real Deal (South Florida)
Katherine Kallergis

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Alex Karakhanian sells Wynwood property for $17M

-Developer Alex Karakhanian sold a Wynwood building leased to Revlon and Scripps Network for $17 million.

-Chemtov Mortgage Group provided the buyer with a $6.7 million loan, according to property records.

The Real Deal (South Florida)
Katherine Kallergis

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Miami Children’s Museum Be A Kid Again Gala: Color Your Imagination at Soho Studios

-Soho Studios in the arts district of Wynwood, Miami Children’s Museum delighted more than 500 attendees to its Annual Be A Kid Again Gala “Color Your Imagination,” a world of unique and fascinating colorful dreams! $1 million was raised to support educational programming with the help of generous donors, sponsors and extensive silent auction.

-Photo: Heather Chemtov, Erica Munchnik, & Danielle Storch

World Red Eye

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Birdman Drops Price Again on His Obnoxious Miami Beach Mansion, to $15.5M

-The house has been on the market since last year. That year Birdman was sued by the holder of a $12 million loan on the property, Chemtov Mortgage Group, which gave Birdman the money in 2015. The rap mogul had stopped making payments on the mortgage in June of last year, at about the same time he listed the house for sale, and it was facing its second foreclosure in its short life span.

Sean McCaughan

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Miami-Dade property sold as apartments after condo terminated

-The property sold for over $14 million

South Florida Business Journal
Sean McCaughan

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DigniCap: Cooling Cap for Chemo

-"It makes this whole process so much easier and more comfortable at a time when really nothing is easy or comfortable," described Chemtov.

-An older gel-filled cap used to be an option for some patients, but that cap had to be replaced when it thawed. For Chemtov, the old cap had to be replaced up to 18 times a session. The new cap was FDA approved December 2015.

ABC 30
Margot Kim

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New cooling cap helps woman keep her hair during chemotherapy

A new cooling cap may help some patients save their hair.

“I feel like having long hair has always been a big part of who I am,” said Heather Chemtov.

Chemtov is half way through her chemotherapy for breast cancer and she still has her long, flowing hair. She wears the new DigniCap during chemotherapy.

16 News Now WNDU
Maureen McFadden

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Cold cap helps preserve hair for breast-cancer patients

-On Monday, after months of working with her oncologist, Dr. Elisa Krill-Jackson, who was trying to bring the latest technology in scalp-cooling to Mount Sinai Medical Center, Chemtov watched as the hospital’s first breast-cancer patient received chemotherapy treatment while wearing a DigniCap.

EBeauty Community
Donna Evans

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Two Miami Apartment Complexes Fetch $61M

-An investor just paid nearly $61 million for a pair of 1970s-era apartment complexes near Cutler Bay

The Real Deal (Miami)
Seam Stewart-Muniz

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Former Power Studios site in Design District sells for $14M

-Two weeks ago, a property at the edge of the Miami Design District — whose tenants include Michael Schwartz’s Cypress Room — traded hands at triple its 2012 price. A partnership between Lyle Chariff, Mauricio Zapata and Shawn Chemtov — sold the 5,186-square-foot building, at 3620 Northeast Second Avenue for $5.5 million.

The sellers are Marc Kovens and Shawn Chemtov.

The Real Deal (Miami)
Ina Cordle

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Miami Design District property triples in three years

-A property at the edge of the Miami Design District — whose tenants include Michael Schwartz’s Cypress Room — has traded hands at triple its 2012 price, The Real Deal has learned.

-3620 Design District LLC — a partnership between Lyle Chariff, Mauricio Zapata and Shawn Chemtov — sold the 5,186-square-foot building, at 3620 Northeast Second Avenue for $5.5 million, or $1,061 per square foot, Chariff told TRD.

The Real Deal (Miami)
Ina Cordle

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Wynwood development site sold for $24M for big return on investment

-NGKF Capital Markets executive managing directors Adam Greenberg and Michael Lapointe represented the seller Wynwood Plaza LLC, managed by Marc Kovens and Shawn Chemtov. NGKF’s Sara Wolfe represented buyer East End Capital, a New York developer led by Jonathon Yormak and David Peretz.

South Florida Business Journal
Brian Bandell

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East End Makes Another Big Wynwood Purchase

-Two acres of Wynwood land was just purchased by a New York real estate investment firm for $23.5 million in a transaction that might be a record for the emerging Miami neighborhood, The Real Deal has learned.

-East End Capital bought the properties at 215 and 227-339 Northwest 24th Street on Monday, according to a broker involved in the transaction. The sellers are Marc Kovens and Shawn Chemtov.

The Real Deal
Eric Bojnansky

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Work Under Way on Mixed-Use Project in Miami’s Wynwood District

-The eight-story atrium building will consist of three floors of retail and other commercial space, as well as two neighborhood firsts: a parking garage with 420 covered spaces, and a rooftop pool and bar. According to the developers, South Florida real estate pros Marc Kovens and Shawn Chemtov, the residential units are designed to appeal to the creative and technology communities, with five floors of live/work units featuring two- and three-bedroom apartments from 1,250 to 2,500 square feet.

Multi-Housing News
D.C. Stribling

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How banks are enjoying homestead exemption

-Banks, mortgage companies and investors that seize Florida homes in foreclosures also get millions in tax breaks because state law allows them to enjoy the homestead exemption intended for owner-occupied homes.

-Last year in Duval County alone, local governments lost hundreds of thousands of dollars because of that provision, which some officials view as an unjustified windfall.

-Take the 1,922-square-foot Mandarin home at 10556 Rocky Garden Lane, for example. The lending institution for its previous owner, Miami Beach-based Chemtov Mortgage Group, received the title to the house on March 19. The home’s previous owner lived there on Jan. 1 and qualified for the homestead exemption for 2010. Chemtov, which was liable for 2010 property taxes after the transfer date, paid about $570 less in taxes than it would have if the homestead benefit didn’t transfer to non-homesteaders, based on data from Duval County Property Appraiser’s Office records.

Florida Times Union
Kevin Turner

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March 22, 2021

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