The Firm

Founded in 2006 in Coral Gables, Florida, Deering is a premier luxury real estate development and investment firm. We work closely with entrepreneurial developers, operators, ultra-high-net-worth individuals, and family offices, drawing on our expertise in luxury real estate, global markets, and affluent clients. Our lines of business include:

∙ Deering Developments: Co-developer of approximately $600M in ultra-luxury single-family homes.
∙ Deering Capital: Capital-placement firm focused on high-end residential, commercial, and mixed-use real estate opportunities.
∙ Deering Real Estate: Florida-licensed real estate brokerage for select clients.

Deering’s principals have over 35 years of complex real estate investment and operations experience and have developed, advised on and brokered over $12B in real estate transactions. We are committed to our partners and clients through the highest level of service and expertise.

Leadership

Irving Padron

CEO, Founder

Irving Padron is a South Florida real estate industry leader with over 35 years of development, investment, sales, and operational experience, predominantly in ultra-luxury real estate.

Mr. Padron is Founder and CEO of Deering, a luxury real estate development investment and advisory firm. Deering is co-developing approximately $600M in ultra-luxury single-family homes in Miami, and advising on $8B+ in high-end, mixed-use assets in US gateway cities.

Mr. Padron was Principal and CEO of Sotheby’s International Realty and Engel & Voelkers Miami franchises. Both firms delivered record-breaking ultra-luxury sales and represented $6B+ in luxury homes and projects.

Mr. Padron was Terremark’s Senior Vice President and CFO during its initial public listing. The firm’s $1.8B sale to Verizon was one of Miami’s landmark exits. As a global real estate developer and technology infrastructure provider, Terremark’s projects included the Four Seasons Hotel and Residences and the 750,000 Sq Ft NAP of the Americas data center in Miami.

Mr. Padron began his career at KPMG, becoming the firm’s youngest real estate Audit Manager.

A frequent speaker and sponsor at premier real estate and tech events, Mr. Padron was named a Futurist and National Real Estate Newsmaker by RISMedia and ranked as one of America’s Best Real Estate Professionals by RealTrends.

Mr. Padron has served on the boards of The Peebles Corporation, The Bath Club, The Launch Pad at the University of Miami, Goodwill Industries of South Florida and Junior Achievement of Greater Miami and is a frequent sponsor of Amigos for Kids. He is active in civic activities, including mentoring Miami business leaders and young professionals.

Mr. Padron earned his BBA and MBA from the University of Miami, is a Certified Public Accountant (CPA), a licensed Florida Real Estate Broker, and holds Series 7, and Series 63 securities registrations with FINRA.

Case Studies

Deering partners with builder on market-leading, luxury-home development portfolio.

Deering has partnered with a highly successful custom home builder to develop a $400 million portfolio of ultra luxury spec homes in South Florida. The joint venture targets ultra-luxury communities to address lack of inventory and the post pandemic boom in demand for high quality new homes. In addition to its equity position, Deering’s role includes site identification, underwriting, due diligence, capital raising, sales and marketing.

Deering partners with investor on distressed investment opportunities

Deering was retained by a private high net worth real estate investor to assist in the acquisition and  disposition of a distressed luxury residential investment in Coconut Grove. Deering subsequently partnered with the investor in acquiring multiple distressed and undervalued single-family home investment opportunities, including ground up construction.  Deering performed construction management services, due diligence and underwriting, obtained permits and financing, and provided marketing services.

Deering represents Latin American family office advisor on acquisitions thorughout Miami Dade County.

Deering Companies advised and represented the buyer of multiple luxury condo purchases in Miami Beach, Coconut Grove, and Brickell, through EB-5 visa investments. The clients were referred by an internationally renowned Latin American family office wealth advisor, one of Deering’s longtime advisory and brokerage relationships. Deering performed asset identification, market analysis, and negotiation services.

Deering co-brokers last vacant beachfront lot in Miami Beach for $38 million.

Deering Companies co-represented the seller of the last vacant beach-front lot in Miami Beach. Deering had been assisting the owner/developer in preparing for the launch of an ultra luxury residential condo project. As the developer pivoted to dispose of the asset, Deering promptly assisted in identifying the buyer, which resulted in a record-breaking $38 million sale.

Deering advises luxury real estate broker on launch and expansion

Deering Companies assisted a luxury real estate brokerage in acquiring franchise rights, opening its Headquarters, expanding throughout Miami Dade County, managing and growing the sales team, launching preconstruction projects, and setting record-breaking sales. The brokerage had the highest average sale price in its market.

The brokerage partnered with Engel & Voelkers, a global leader in premium real estate services, specializing in the sale of high-end residential and commercial properties.

Deering represents the buyer on the first major land sale in Brickell after the Great Recession.

Deering Companies advised the seller of the 60,000 SF parcel in Brickell, and identified a local investor as the buyer. The seller was an offshore receiver for the distressed asset. The property was subsequently sold to and developed by Related Group of Florida as SLS Brickell, a 40 story…

Deering supports Fortune Related International Sales operations

Deering Companies was appointed Managing Director to create and implement the business plan for the sales of luxury branded residential condos in multiple markets throughout Mexico, Central, and South America, including the ICON Vallarta. Services included identifying and managing sales directors, hiring, training, and deploying a professional sales team across multiple projects, preparing business plans, and performing market research, including pricing and amenity recommendations.

Fortune Related International Sales is a sales and marketing venture between Related Group of Florida and Fortune International. The venture was formed to manage multiple projects with over $3 billion in sales of high-end real estate developments in Latin America and the Caribbean.