Shojaee lives in Coral Gables, in Miami-Dade County, Florida. And how much does he earn? READ THIS NEXT: What is Ricardo Lugos net worth? Masoud Shojaeiwas to born to Iranian parent, Mohammad Reza Shojaei, and motheron 9 June 1984 in Shiraz, Iran. For six years, this lawsuit in. Shojaei has played for the senior team of Iran in major tournaments such as AFC Asian Cup 2007, 2011 and 2015 editions and in FIFA World Cup tournament in 2006 and 2014. Stephanie Shojaee is the wife of the president and chairman of the board of Shoma Group, Masoud Shojaee. Become TUKO.co.ke ambassador get a branded T-shirt, hoodie or water bottle at our TUKO Shop! Continental provided mortgages for many south Florida 465K followers. Miguel Gomez (actor): net worth, wife, height, children, movies and shows. Unfortunately, there is no exact figure of Masoud Shojaee's salary. Stephanie Shojaee Net Worth: Income, Salary, Earnings, Biography & How much money make? However, his friends convinced him to attend the University of Miami, where he pursued a degree in electrical engineering. Masoud Shojaei is enjoying his life and spending his earning to travel and dine in the most expensive places and restaurant to indicate his lavish lifestyle. Shojaee founded Shoma Group in 1988. Frank Lloyd Wrights Final Design, Auctioned Last Year for $1.7M, Now Asks $8M. After the first two successful projects, Shojaee struck out on his own, founding the real estate company Shoma Development in 1988. Biography Of Masoud Shojaee Net Worth , Age Private Jet , According to Online sources Masoud Shojaee is the president and chairman of the board of Shoma Group. Masood Shozai is a real estate developer, he is the current CEO of Shoma Group, a real estate company in Miami. Huh? Masoud Shojaee and his wife Maria, both 46 years old, incorporated Shoma Development Corporation in 1988. Shojaee was born in Tehran, Iran on . His earnings are substantial and his company has many assets, including three private jets. This unique Moroccan estate in Coral Gables owned by Miami developer Masoud Shojaee has resurfaced for $12.9 million ($1,036 per square foot), down nearly 20 percent off its original $15.9. $1 million USD. Under Stephanies leadership, the firm had seen profits increase by 30% and boosted the companys gender diversity. She completed her education in a private college in the United States. formerly Maria Shojaee, is the ex-wife of Masoud Shojaee, president and chairman of Shoma Group. Stephanie started in the companys sales division before becoming chief marketing officer and most recently president. April 14, 2005 4:00AM Masoud Shojaee and his wife Maria, both 46 years old, incorporated Shoma Development Corporation in 1988. A post shared by Stephanie Shojaee (@stephshojaee), Article below seen on Celebs How Youtube channel. He signed with the Qatari football club, Al Shahania Sports Club and a scored a memorable hattrick against Al Sadd SC on December 14, 2014. Using the IRS as a weapon in a business dispute is, well, not good business. Your email address will not be published. This unique Moroccan estate in Coral Gables owned by Miami developer Masoud Shojaee has resurfaced for $12.9 million ($1,036 per square foot), down nearly 20 percent off its original $15.9 million ask last fall. [1][2] Masoud Shojaee was awarded with Future Sharks entrepreneur of the year award in 2018 . After his stint with Al Shahania Sports Club, he joined Al Gharafa Sports Club for $ 1 million in 2015. Midfielder who began his long tenure with the Iranian national team in 2004. Her hair color is brown and her eyes color are hazel. Call Now (786) 270-1743. Stephanie Shojaee Biography Age , Net Worth And Children (stephanie mejia shojaee net worth) . local news and culture. Despite his success, he's not one to give up easily. Known for his keen eye for potential, Masoud gained recognition throughout the 90s and early 2000s for his prescient developments in the Doral and Hialeah areas, helping boost the regions into functional communities and cities and gaining Masoud the moniker . Situations like this are why people who read Tax Court decision don't need to watch soap operas. Besides this, Stephanie is a real estate agent and the CEO of Shoma Group. He became one of the most sought-after baseball candidates in South America while still a teenager. Unfortunately, there are no exact figures for Shojaee's salary. (Stephanie Shojaee age) How old is Steph Shojaee? At trial Mr. Lamas had ten witnesses that supported his material participation. This is a BETA experience. Sobre su trabajo como CMO de la desarrolladora Shoma Group, habla con orgullo de los logros propios que ha sumado a la compaa que fund su esposo Masoud Shojaee. The real estate mogul was previously married to Maria Lamas (formerly Maria Shojaee). While with AEK Athens, he reportedly made an annual salary above 50,000 from the club with weekly salary being around 1K. He was likely meant to succeed his father, but trouble started brewing in the 1970s due to strikes and growing public unrest. Then, he decided to invest in the real estate industry. The Passive Activity Loss Rules (Code Section 469) spawn quite a bit of tax litigation, with taxpayers generally losing. Miami's independent source of Both of them work with their father in Shoma Group. This wife was Stephanie Shojaee (ne Mejia), his companys Chief Marketing Officer. But, as CEO of Shoma Group, a company with annual revenue approaching $250 million, his earnings are quite significant. Shojaei made his debut for Osasuna against Villarreal CF on August 31, 2008. Hialeah, FL - October 20, 2021 - On Wednesday, October 20th, real estate power leader Masoud Shojaee, President and Chairman of the Board of Shoma Group, honored Hialeah's Mayor Carlos Hernndez at his latest forthcoming development, Shoma Village, to recognize the mayor's decade of service as his term comes to a close. Not much is known about his life growing up, as he did not attract much public interest until years later when he became successful in the US. Her Instagram account is full of high-end fashion and lifestyle, and travel photos. Therefore, Masoud Shojaee has an estimated net worth of $100 million. Masoud Shojaee, President of Shoma Group, who over the past 31 years has developed more than 10,000 homes and condominiums, and completed over $4 billion in real estate transactions, believes the time is . Stephanie Shojaee is an American entrepreneur and social media personality. He has been developing many properties, from high-rise apartment condos to commercial buildings. Because until his success in the United States a few years later, he did not attract much public interest. Parker Tax Publishinghas a good summary of the case. Updated: Miamis $800M signature bridge project chosen amid major controversy. Masoud Shojaee resides in Coral Gables, Miami-Dade County, Florida. The Tax Court ended up buying the version of events that supported the position of Mr. Lamas that he needed to throw himself into the affairs of Shoma in order to rescue it from missteps by Shoajee. Aside from his personal wealth, Shojaee has a business empire as well. This Delray Beach estate listed for $20M includes a Chanel boutique-inspired closet, Not to mention the hidden cigar room, or massive pool, Miamis 21 most expensive homes for sale, mapped. which of the following is a procedural defense? His reputation for building quality homes and environments has resulted in people asking to purchase Shoma developed projects whenever they become available. Stephanie Shojaee was promoted to president of Shoma Group, the real estate development firm led by her husband, Shoma Chairman Masoud Shojaee, The Real Deal has learned. This project was successful and completely sold, leading to a second 58 lot development project. It has eight bedrooms, 10 bathrooms and offers multiple pavilions providing excellent outdoor entertaining areas. In April 2022, Shoma bought a development site for $220 million. Full name/real name: Masoud Shojaee Gender: Male Date of birth: August 3, 1959 Age: 62 Zodiac sign: Leo Place of birth: Tehran, Iran Current residence: Coral Gables, Florida, USA Nationality: Iranian-American Ethnicity: Iranian Religion: Muslim Sexuality: Straight Height in feet: 6' 1" Height in centimetres: 185 Hair colour: Black Eye colour: Brown He later signed a three-year contract with the Spanish club, CA Osasuna in the summer of 2008 and was sold to the Spanish side by Al Sharjah SC for $ 7.39 million that later on went to reduced to $ 4.31million during his end of the stay. Masoud isnt one to give up easilyin business or in love. Masoud Shojaee, the real estate mogul has two daughters, Anelise Shojaee and Lilibet Shojaee. Shojaee earned a degree in electrical engineering and then pursued his Ph.D. Just a decade after arriving in the United States as an exile, Masoud Shojaee had turned his life around. Once I stayed here in Miami, it felt like home; now my kids have Masters Degrees from UM as well said Shojaee. Stephanie Mejia Shojaee Net Worth Stephanie extended her fan base on social media platforms, especially on Instagram. Masoud Shojaei is a member of Soccer Player. https://profilemiamire.com/miamirealestate/tag/Masoud+Shojaee, https://www.digitaljournal.com/business/how-shoma-group-ceo-masoud-shojaee-built-south-florida-into-a-real-estate-mecca/article, https://www.miaminewtimes.com/news/who-is-masoud-shojaee-6341230, https://www.gq.co.za/wealth/who-are-stephanie-and-masoud-shojaee-inside-the-power-couple-behind-billion-dollar-miami-development-firm-shoma-group-5d6b95ff-c948-442a-b761-7d3cd86c6f10, https://www.ibtimes.com/masoud-shojaee-how-ceo-chairman-board-shoma-group-became-real-estate-tycoon-betting-3511077, https://www.bizjournals.com/bizwomen/news/latest-news/2022/03/shoma-group-names-stephanie-shojaee-president.html?page=all, https://therealdeal.com/miami/2022/03/23/stephanie-shojaee-promoted-to-shoma-group-president/, https://marketsherald.com/how-shoma-groups-masoud-and-stepanie-shojaee-spearheaded-real-estate-developments-next-generation-appeal/, https://www.churchloaded.com/about/biography-of-masoud-shojaee-net-worth-age-private-jet/, http://en.wikialpha.org/mediawiki/index.php?title=Masoud_Shojaee&oldid=296579. The couple were married in 1984 and started Shoma Group together. Posted on Last updated: February 19, 2023. He is a married man as revealed by many sites. He is from Iran. The real estate mogul was previously married to Masoud, Maria Lamas. Later Mr. Shoajee would tell the IRS that as a family business, there was no record kept of hours worked by officers and directors. In fact, the Iranian national soccer team midfielder has more than $30 million in assets. Currently signed to Tractor Sazi, his annual salary is assumed 52,000 per annum from the club. Pay attention: Become TUKO.co.ke ambassador get a branded T-shirt, hoodie or water bottle at our TUKO Shop! Shoma Group promoted Masouds second wife to the role of president in March of 2022. Shoma Development changed tactics in 2007 after noticing changing market trends. Lucky for him, the market was just ripe; the US was going through a saving and loans crisis, making it a great time to acquire properties. Instead of making this contribution from his personal funds, Mr. Shojaee caused Shoma to donate $1.5 million on his behalf. Join the New Times community and help support Get New Updates of Posts by Email. Her Instagram account is full of high-end fashion and lifestyle, and travel photos. In August of 1978, Shojaees father gave him some seed money and sent him to the United States to pursue a university education. Miami-based developer Shoma Group is excited to announce Stephanie Shojaee has been named as the company's president. CAKEGATE 2023: Bad Bunny's Restaurant Accused of Gobbling Birthday Girl's Cake, Neighborhood Nazi Jon Minadeo Peddles Hate by the Minute, Gator Gets in on the Action at Tampa Bay Horse Race, Sen. Rubio's Permanent Daylight Savings Bill Sees Light of Day Once More, NFL Legend Ray Lewis Joins World Jai-Alai League Board of Directors, Affordable New "Micro-Units" Slated for Little River, Edgewater. . However, after 30 years of marriage, Maria filed for divorce, resulting in a messy legal battle. Currently signed to Tractor Sazi, his annual salary is assumed 52,000 per annum from the club. Subscribe to Get Latest Updates Enter your email address to subscribe to this blog and receive notifications of new posts by email. Being a Florida power couple must have taken its toll on the pairMaria filed for divorce in April of 2015, ending a 29 year marriage. [1] [2] Masoud Shojaee was awarded with Future Sharks entrepreneur of the year award in 2018 . He has played alongside Iranian legends and greats like Ali Daei and players such as Alireza Haghighi and Ehsan Hajsafi in the FIFA World Cup tournaments for Iran. It was successful and completely sold out, leading to a second 58-lot development project. The three companies Continental Trust Mortgage Corp, Adrimar Investments Corp and Shoma Development Corp were all involved one way or the other in real estate and tangentially related to one another not only by common ownership, but also operationally. He made his debut as well scoring his first goal for the side in the same against CE Sabadell FC. Shojaee is part of the owner of the Shoma Group. For his offensive comments, he was summoned to Ethics Committee of theFootball Federation Islamic Republic of Iran. On 18 December 2021, Masoud Shojaee gifted his wife Stephanie a private jet. After leaving Iran, the situation deteriorated in the country, with many businesses suffering. Not much information is available about the marriage of Masoud and Stephanie Mejia. Before marrying Stephanie, Shojaee was married to Maria Lamas. Masoud builds high quality developments in the diverse and growing South Florida. Stephanie Shojaee net worth is around $1.5 million. (adsbygoogle = window.adsbygoogle || []).push({}); Copyright2023 Nnet Worth / All Rights Reserved. Before marrying Stephanie, he was married to Maria Llamas. Masoud Shojaee was born on August 3, 1959, in Tehran, Iran. Who is Fantasia's husband? Who is Stephanie Shojaee? But what else do you know about Shojaee? . The taxpayer win in this case is encouraging and you really have to wonder why the IRS pushed it so far. Read Also: Rick Beato Net Worth: Wife, Family, Income, Earnings. As a result, Masood earned a masters degree and continued to take additional classes for a Ph.D., thereby furthering his studies. Stephanie extended her fan base on social media platforms, especially on Instagram. Read Also:Rick Beato Net Worth: Wife, Family, Income, Earnings Mr. Shojaee used Shoma to guarantee loans for Masmar, a business that he and his wife owned separately from her family. The pair incorporated the Shoma Development Corporation together two years after they tied the knot, with Masoud taking the role of president, and Maria, the role of secretary. Click 'See First' under 'Follow' Tab to see Tuko.co.ke news on your FB Feed. 138 following. Rather, he's determined to build the company further and continue expanding his empire. As of 2019, Masoud Shojaei has an estimated net worth around $1 million, including his income and assets. An Iranian native, Masoud immigrated to the United States in 1978 before founding Shoma Group a decade later. Notify me of follow-up comments by email. You may opt-out by. The Shoma Group will convert a car dealership near Miami's Coconut Grove neighborhood into a residential development. He has a wife and two daughters. To start his business, he partnered with another real estate development company, A&F Developers, their first project was a 48-home property. Never miss important updates. How many children does Masoud Shojaee have? Occasionally, Masoud still buys and sells airplanes, but his main focus is on his real estate company. Overview of Stephanie Shojaee Lives in: Coral Gables, Florida Age: 38 Gender: Female Race: White, Not Hispanic Masoud Shojaei is a famous Soccer Player, born on June 9, 1984 in Iran. They (Shojaee and Maria) founded Shoma Group together but split up in 2015. Masoud Shojaei scored his first international goal for senior Iran national team against Saudi Arabia during 2010 FIFA World Cup Qualification on 28 March 2009. The Daily Business Review, in its coverage of the case, focused on the family drama. When Masoud Shojaee moved to the United States, he began carrying a nest egg for his livelihood. Karolina Protsenko Net Worth 2023: Biography, Music Career & More Latest News. He started out in real estate by creating neighbourhoods of single-family homes. On today's weekly edition of "Mapped" on Curbed Miami we're taking a look at the most gigantic single family homes on the Miami market. The 300,000 square foot retail centre CityPlace, the opulent apartment complexes The Manor and The Flats, and the 135 single-family residences in Oasis Park Square were all included in that joint venture. Masoud works as the CEO and Board chairman of the company. masoud shojaee's net worth. But, the workhorses of the typical real estate transaction are the people that coordinate the processthe real estate agents such Masoud Shojaee. Post-event reconstructions, sometimes referred to as "ballpark guesstimates" are usually scorned by the Tax Court. What does Masoud Shojaee do? In February 2017, Masoud listed his Moroccan-style estate in Coral Gables for $15.9 million. Apostle John Eckhardt PDF Books , Wife , Age , Children And Full Biography, DR JUSTIN DEAN Biography, Age, Career And Net Worth, Lady proposes to Boyfriend With PES 5 Viral Video Below, Freda Rhymz S3duces Fans With Backside In A Bikini Outfit Video Below, Instrumental : Sarkodie ft Strongman x Kelvynboy Didi (Prod By MOG Beatz), Audio : R2Bees Could This Be Love ft. Efya (Prod. Appreciating her gift, one of her Instagram fans wrote Im dying how are you now. 1 Stephanie Shojaee Wiki Biography: Stephanie Shojaee is actually a western business owner and social networking identification. Shoma Group Sells Sanctuary at Doral 226-Unit Multifamily For $102.5 Million October 18, 2021 The Coral Gables-based Shoma Group, led by Masoud and Stephanie Shojaee, have sold their recently completed Sanctuary at Doral multifamily apartment building for $102.5 million to the Denver-based Avanti Group. Notify me of follow-up comments by email. Today, Shoma (now Shoma Group) is one of the largest real estate development companies in South Florida. The price dropped to $12.9 million in August 2017. Shoma is also converting a portion of the Fontainebleau Golf Club to a 1900-unit condominium complex. Joe Kristan noted that allowing Shoma and Greens to be considered a single activity was a very important aspect of the decision. The home of Shoma Group founders, Masoud Shojaee and wife Maria Lamas Shojaee, has just been listed amidst a long and messy divorce. After beginning his professional playing career at Sanat Naft during 2002/03 season, he moved to fellow Iranian club, Saipa. All that makes me kind of sad, because, having previously never heard of Mr. Lamas or the coup and only having the vaguest idea as to where Honduras is, I was really rooting for his son Jose Antonio Lamas (Mr. Lamas), who had served as CEO of Aljoma, as I read TC Memo 2015-59 Jose A. Lamas And Maria E. Lamas v Commissioner of Internal Revenue. The company is founded by her husband Masoud Shojaee in 1988. Masoud Shojaee (born 3 August 1959 Tehran, Iran) is an American philanthropist, entrepreneur, CEO and Chairman of the Board of Shoma Group which is a real estate development company based in Miami specializing in residential and commercial projects. Masoud Shojaee is best known as the CEO of Shoma Group. The private jet had white and red exteriors, the carpet was red and custom made in Stephanie's name. Besides playing for several Asian football clubs, he has played for Spanish sides like CA Osasuna and UD Las Palamas. He is the current chief executive officer of Shoma Group, a real estate company in Miami. Everything to know about Kendall Taylor. Biography, Years, Spouse, Height, Web Well worth, Matrimony, Birthday 277 posts. A post shared by Masoud Shojaee (@mrmasoudshojaee). Closely related operationally and with identical ownership to Shoma there was also Greens at Doral LLC, a condominium conversion project. Stephanie Shojaee is the wife of the president and chairman of the board of Shoma Group, Masoud Shojaee. Tucker Carlson Net Worth 2023: Salary Inheritance Fox February 1, 2023 February 1, 2023 February 1, 2023 Masoud is married to Stephanie Shojaee, formerly Stephanie Mejia. Alone and isolated from his family, an 18-year-old Masoud was exiled from his home and unsure of what to do next. The typical 469 case usually involves an amateur landlord with a day job. About his childhood growing up, not much is known. Masoud surprised his wife with a customized private jet in the color, white and red, for Christmas. Shojaee's father was pretty successful and owned a construction company in Iran, which the government contracted on various projects. independent local journalism in Miami. During this time, Shojaee was actually famous for taking a helicopter to and from all of his properties, never using a car. He owns about 3 Private Jets , He is about 63 Years Of Age. She has accumulated thousands of followers on Instagram for sharing her luxurious lifestyle, fashionable outfits, and travel photos. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This Website Is Dedicated To Carlo Acutis, SUBMIT A PRAYER REQUEST TODAY Don't IGNORE, Buhari Denies Claim Of Picking Lawan As Consensus Candidate, Koinonia Messages: DOERS OF THE WORD Apostle Joshua Selman. Masoud Shojaee is the CEO and president of the Shoma Group, a construction company in South Florida. What is Masoud Shojaees net worth? Shojaee purchased 237 lots on Northwest 6th Street and 132nd Avenue for nearly $9 million, and developed homes on the property. The Shoma Group is a real estate development company based in Miami specializing in commercial and residential projects. Then, American clubs in the MLB came calling, allowing Cabrera to sign his first professional contract at 16. According to reports, he may have wanted to succeed his father, but in 1970, strikes and growing public unrest led to problems. He is the first baseman and designated hitter for the Detroit Tigers of the Major League Baseball. Stephanie Shojaee, who joined Coral Gables-based Shoma in 2013 as chief marketing officer, eventually plans to expand Shoma in the U.S. and parts of. At 12,492 square feet and located off Casuarina Concourse, its among the seven biggest homes for sale in the affluent neighborhood. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sorry, you have Javascript Disabled! More details about Masoud Shojaee will be shared soon. Image Credit - Instagram. He created various residential developments there, such as Doral View, Las Ramblas, and Gold Vue, as well as some of the first-rate class A office buildings in the neighbourhood, such as Shoma Centre, the previous home of the company, and One Park Square at Doral. They both work with their father in his real estate company. As a Christmas gift, the photo of which, Stephanie shared on her Instagram account and Masoud received a lot of praise from his fans for being a romantic gentleman. The IRS was trying to deny him a refund of $5,260,964, which was based on a carryback of 2008 personal net operating loss to 2006. Read Also: Druski Net Worth 2022: Biography, Wiki, Girlfriend. The controlling stake in Shoma was with Mr. Lamas's sister Maria and her husband, Masoud Shoajee. This case correctly concludes that they are all part of the same development business. "Manejo una cartera diversa de proyectos con ms de 5 mil millones de dlares en transacciones y mucho ms en el horizonte. and help keep the future of New Times, Use of this website constitutes acceptance of our. Mizkif: real name, girlfriend, net worth, ethnicity, nationality. In 2021, Shoma Group sold Doral apartments for $102.5 million. In February 2017, Masoud listed his Moroccan-style estate in Coral Gables for $15.9 million. But neither party has given the reason for the split. In 2002 the Miami Herald reported similar problems at the nearby Harbour Lakes development, also built by Shoma. The take-away from this case is that it would have been a really good idea for Mr. Lamas to have kept a contemporaneous log of his activities on behalf of Shoma. On top of that, Shojaee's father retired, which made returning home to take over the business hard. Enter your Email address to Subscribe This case is good news for developers, as this structure is common in that business: a permanent S corporation sets up new LLCs for each development project. On top of that, when his father retired, he sent more money, leaving him with a tidy sum that he could invest. Credited with transforming the latter into a functional community, he was hailed through the 90s and new millennium as the King of Doral. The real estate mogul arrived in the US on his own; his family left back in Iran. She came into the spotlight after marriage with Miami-based billionaire Masoud Shojaee. Not much is known about Stephanies early career. Jakipz Andrich Net Worth 2023: How Rich Is Jakipz Andrich? Check Background Get Contact Info This . Finally, Mr. Shojaee took a business opportunity away from Shoma when he chose to build a real estate project on Shoma land using one of his personally owned companies. Among their recent projects are Eleven on Lenox, a luxury townhome development in Miami Beach and CityPlace Doral, a massive mixed-use development in collaboration with The Related Group that encompasses 250,000 square feet of retail and restaurant space along with 700 rentals (tour here). All in the Tax Court credited Mr. Lamas with 691 hours working for Shoma and Greens during 2008. They are both from his first marriage to Maria Lamas. . Masoud Shojaee was born on August 3, 1959, in Tehran, Iran. Building value into every development has been the goal from Masoud Shojaees first days in creating Shoma and his approach has paid off. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Who are Masoud Shojaee's children? Your email address will not be published. His Current Net Worth is Valued at $61 Billion. Stephanie is Shojaee's second wife. Since 2015, Shojaee has sold over $400 million of real estate projects . As Miami rents skyrocket, billionaire developer Masoud Shojaee's Shoma Group is building a luxury apartment complex in the working-class municipality of Hialeah. The Shojaee Saga continues. Today it is one of South Florida's preeminent residential builders. Tax-Exempt NIL Collectives. Masoud Shojaee is a well-known real estate developer in South Florida. They are both children of Masouds Ex-wife, Maria Lamas. She has a large social media following with 386,000 followers on Instagram. He shows up as one of the backers of the 2009 coupthat ousted President Maneul Zelaya. Initially, the company focused on developing mid-range priced properties, such as mostly single-family homes and townhouses. Tour the amazing $11M castle Dwyane Wade and Gabrielle Union were married in. When the Iranian revolution started in 1978, Shojaee left his home country, travelling to the US to attend college. Last year homeowners living in the Courtyards at Nautica in Miramar filed a class-action lawsuit against Shoma and Masoud Shojaee, charging that their homes cannot withstand hurricane-force winds, as required by the South Florida building code. With Miami's abundance of luxury homes in close proximity to both Biscayne bay and the Atlantic Ocean, it's no revelation to see so many active homes for sale with unbelievable price tags. He emigrated to the United States in 1978 to pursue electrical engineering studies at the University of Miami, where he earned a master's degree before entering the real estate industry and founding Shoma Group.

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