Andre Hakkak, an influential figure in finance, recently made headlines by selling his luxurious Coral Gables mansion for $27 million and acquiring a Pinecrest spec mansion for $14 million. These significant real estate deals not only reflect his success but also highlight the booming luxury property market in South Florida. In this article, we’ll explore who Andre Hakkak is, and his career, and know the details of these two extraordinary properties.
Andre Hakkak: Who Is He?
Andre Hakkak is an Iranian-American businessman and financier. He co-founded White Oak Global Advisors, a leading investment firm that specializes in providing financing solutions for middle-market businesses. With a keen understanding of business and finance, Hakkak has built a reputation as a strategic thinker and investment expert, leveraging his knowledge to achieve substantial financial growth.
Education & Career
Andre Hakkak earned his Bachelor of Science in Finance and Marketing from the University of California, Berkeley. His educational background, coupled with various professional certifications such as FINRA Series 7, 24, and 63, provided the foundation for his success in finance. Hakkak’s career spans multiple roles in finance, including positions at Suisse Global Investments and Alpine Global Inc., before co-founding White Oak Global Advisors in 2007. His expertise in investment strategy and financial planning has been central to the firm’s success.
White Oak Global Advisors Inc.
White Oak Global Advisors is a prominent private investment firm known for offering customized lending solutions to small and mid-sized businesses. Under Andre Hakkak’s leadership, the firm has grown substantially, with an emphasis on direct lending, asset-based lending, and investment advisory services. The firm’s unique approach to financing has made it a vital player in the middle-market sector.
Andre Hakkak House
Andre Hakkak’s impressive real estate portfolio has recently captured attention. Two of his most notable properties include the Gable Mansion in Coral Gables and the Pinecrest Spec Mansion. Each of these homes is a symbol of luxury and reflects Hakkak’s discerning taste in high-end real estate.
Coral Gable Mansion
- History: The Coral Gable Mansion, located in Coral Gables, Florida, was initially built in 2016. Andre Hakkak and his wife, Marissa Shipman, purchased the mansion for $12.54 million in 2020. Over the years, the property appreciated in value, thanks in part to the growing demand for luxury homes in the Coral Gables area.
- Architecture: The Gable Mansion is an architectural marvel, featuring sleek modern designs with clean lines and expansive windows that allow natural light to flood the interiors. The house has nearly 9,890 square feet of living space, designed with a focus on elegance and comfort.
- Amenities: The mansion includes six bedrooms, nine full bathrooms, and two half-bathrooms, offering ample space for family and guests. Additional amenities include a six-car garage, a floating staircase, a home gym, and a summer kitchen ideal for outdoor entertainment. The home also features a media room and a private office.
- Financial Value: In 2023, Andre Hakkak sold the Coral Gables mansion for a whopping $27 million, almost doubling his initial investment. The sale underscored the home’s high value and the increasing appeal of South Florida’s luxury real estate market.
Pinecrest Spec Mansion
- History: Shortly after selling the Coral Gables mansion, Andre Hakkak purchased the Pinecrest Spec Mansion for $14 million. This transaction set a record as one of the most expensive home purchases in Pinecrest, a suburban village in Miami-Dade County known for its upscale residences.
- Architecture: The Pinecrest mansion is a modern architectural masterpiece, spread across 10,500 square feet of living space. The design seamlessly blends indoor and outdoor living, with expansive floor-to-ceiling windows and open spaces that allow for abundant natural light.
- Amenities: This seven-bedroom mansion includes 11 full bathrooms and two half-bathrooms, making it ideal for both family living and entertaining guests. Among its luxurious features are a home theater, gym, guest house, and a large swimming pool. The mansion also offers a spacious outdoor patio area, perfect for relaxing or hosting social gatherings.
- Financial Value: At $14 million, the Pinecrest Spec Mansion is a significant investment in one of South Florida’s most prestigious areas. Though not as expensive as his Coral Gables property, the Pinecrest home still exemplifies the opulence and exclusivity associated with luxury living in the region.
Andre Hakkak’s Wife: CEO Of Vegan Cosmetics Brand
Andre Hakkak’s wife, Marissa Shipman, is an accomplished businesswoman. She is the founder and CEO of theBalm Cosmetics, a vegan cosmetics brand known for its cruelty-free products. The brand, which Marissa started in 2004, has grown into a globally recognized name in the beauty industry. Marissa’s entrepreneurial success complements Andre’s achievements, making them a power couple in the finance and business worlds.
Wrap Up
Andre Hakkak’s recent real estate transactions underscore not only his personal success but also broader trends in the luxury real estate market in South Florida. From selling his Coral Gables mansion for $27 million to purchasing a new Pinecrest Spec Mansion for $14 million, Hakkak continues to make strategic decisions that reflect his expertise in both finance and real estate. Alongside his wife, Marissa Shipman, they enjoy a lifestyle of luxury and success, with homes that epitomize opulence and comfort.
FAQs
Who is Andre Hakkak?
Andre Hakkak is the co-founder of White Oak Global Advisors, a leading investment firm.
What is the value of Andre Hakkak’s Pinecrest mansion?
The Pinecrest Spec Mansion was purchased for $14 million.
What are the features of the Gable Mansion?
The Gable Mansion includes six bedrooms, nine bathrooms, a home gym, a media room, and a six-car garage.
Who is Marissa Shipman?
Marissa Shipman is the founder and CEO of theBalm Cosmetics, a vegan and cruelty-free beauty brand.
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