The Firm

Founded in 2006 in Coral Gables, Florida, Deering Companies is a premier real estate investment and advisory 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-developing $500M in ultra-luxury single-family homes.
Deering Advisory: Consulting on over $8B in high-end, mixed-use assets in U.S. gateway cities.
Deering Capital: Capital raising firm focused on high-end residential, commercial, and mixed-use real estate opportunities.
Deering Real Estate: Florida-licensed real estate brokerage.

Deering’s principals have over 35 years of complex real estate investment and operations experience and have advised on and brokered over $12B in real estate transactions. We are committed to our clients and partners 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 Companies, a real estate investment and advisory firm. Deering is co-developing $400M 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 $5B+ 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. Terremark was a global real estate developer and technology infrastructure provider with over 5 million square feet under management and development, including the Four Seasons Hotel and Residences and the 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 Companies 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 Companies helps relaunch Miami Beach's The Bath Club as exclusive, private members club.

Deering Companies assisted The Bath Club with asset management services, including preparing its strategic plan, valuation analyses, executive management team selection, financing alternatives, marketing and PR, and expansion opportunities.

The Bath Club, located on Miami Beach, is South Florida’s oldest and most exclusive private beach and social club. The Bath Club’s members are provided access to its 3-acre private beach, 21,000+ SF clubhouse, fine-dining, European-style beach service, state-of-the-art spa, modern fitness center, oceanfront clay tennis courts, and picturesque event spaces.

For more information, please see thebathclub.com

Irving Padron is named Senior Strategic Advisor to the Chairman of The Peebles Corporation.

Irving Padron, CEO of Deering Companies, has been named Senior Strategic Advisor to Don Peebles, the Chairman of The Peebles Corporation. Padron advises the chairman on various aspects of the business, including expansion, operations, real estate development, capital, sales and marketing. Padron’s Deering Companies has previously periodically acted as interim CFO for The Peebles Corporation.

Founded in 1983 by R. Donahue Peebles Jr., The Peebles Corporation is a privately held national real estate developer specializing in the investment and development of large-scale mixed-use properties throughout the United States. Peebles has an $8 billion portfolio & pipeline comprised of 10+ million square feet in the gateway cities of Boston, Atlanta, Charlotte, Nashville, Los Angeles, Miami,  New York, San Francisco, and Washington D.C.

For more information, please see peeblescorp.com

Deering Companies 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 Companies plays key role in public-private partnership RFP wins in key gateway cities

Deering assisted The Peebles Corporation in winning highly competitive requests-for-proposals for public-private-partnerships from municipalities including Miami Beach, Boston, New York, Los Angeles, Atlanta, Charlotte, and Washington D.C. Deering performed liquidity and other financial analyses, and met with multiple municipalities throughout the presentation process.

Founded in 1983 by R. Donahue Peebles Jr., The Peebles Corporation is a privately held national real estate developer specializing in the investment and development of large-scale mixed-use properties throughout the United States. Peebles has an $8 billion portfolio & pipeline comprised of 10+ million square feet in US gateway cities.

For more information, please see peeblescorp.com

Deering Companies client, AVE Aviation and Commerce Center, exits for $126M.

Deering Companies modeled a development and operating proforma for AVE Aviation and Commerce Center upon the project’s inception. The center subsequently sold 1 million square feet of fully leased industrial space for $126 million in 2019.

Deering used ARGUS to perform the analysis. ARGUS is the industry standard commercial real estate cash flow projection, transaction analysis and asset valuation solution.

AVE is a mixed use business park spanning 180 acres at the intersection of N.W. 57th Avenue (Red Road) and N.W. 142nd Street in Miami. The project features a mix of over 2 million square feet of industrial warehousing, complemented by retail amenities and access to one of the area’s leading GA airports.

Deering Companies 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 Companies 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 Companies 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 Companies assists the University of Miami with real estate portfolio valuation.

Deering Companies provided tailor-made valuation solutions for the underlying real estate of a large loan portfolio. The Board of Trustees utilized Deering’s solutions to make critical decisions on real estate investment activity.

University of Miami is one of South Florida’s predominant real estate owners and operators. It consistently ranks among the top 50 national universities. With over 180 programs, it provides a robust academic experience in a vibrant, culturally rich environment.

For more information, please see miami.edu

Deering Companies 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.

Deering Companies advises a leading European financial institution on its US distressed loan portfolio.

Deering Companies’ team performed market research, asset valuation, financial analysis, and site inspection on over a dozen real estate assets in 8 southeast U.S. submarkets for a leading international bank. Deering’s reports were used by the Board of Directors to make critical decisions on investment, lending and loan portfolio management.

The bank was a leading European financial institution with a global footprint, now part of Banco Santander, based in Portugal.