Financier Hakkak Couple’s $14M Mansion Purchase

Andre Hakkak and his wife, Marissa, just made a big move. They bought a $14 million mansion, adding another luxury property to the high-end real estate market. Hakkak, a well-known financier, is the co-founder and CEO of White Oak Global Advisors. His success in investment and asset management has helped him build great wealth. Now, he and Marissa are making headlines with this stunning purchase.

Luxury homes like this are status symbols. Many wealthy buyers look for the best locations, top-tier amenities, and unique designs. The Hakkaks’ new home is no exception. But what makes this property special? And what does this purchase say about today’s real estate trends?

Who is Andre Hakkak?

Andre Hakkak is a notable figure in the financial world. He co-founded White Oak Global Advisors in 2007 and serves as its CEO. The firm specializes in providing customized capital solutions to small and middle-market companies, managing billions in assets. Hakkak held significant roles, including Founder and Chief Investment Officer at Alpine Global, Inc. It focuses on alternative fixed-income and real estate investments.

He also founded Suisse Global Investments, catering to banking and insurance clients across more than 30 countries. Hakkak earned a Bachelor of Science in Finance and Marketing from the Haas School of Business at the University of California, Berkeley. ​

Who is Marissa Shipman?

Marissa Shipman is an accomplished entrepreneur in the beauty industry. She founded theBalm Cosmetics, a company known for its paraben- and cruelty-free products. The Balm has gained a reputation for high-quality makeup with a commitment to ethical standards under her leadership. Shipman’s innovative approach has positioned her as a rising star in the cosmetics industry.

Details of the $14.3M Mansion Purchase

In July 2024, the couple acquired a spec mansion in Pinecrest, Florida, for $14.3 million. The property spans 10,500 square feet and features contemporary architecture. It includes seven bedrooms, eight bathrooms, a pool, and extensive outdoor living spaces. The home was developed by Francisco Dionicio’s Investment Group and represents the highest residential sale in Pinecrest’s history. ​

Luxury Real Estate Market Trends

The Hakkaks’ purchase reflects a broader trend of affluent individuals investing in high-value properties in South Florida. The region has seen an influx of wealthy buyers, particularly from high-tax states like California, seeking luxury homes. This demand has driven record-breaking sales in areas like Pinecrest and Coral Gables. ​

Hakkak Couple’s Lifestyle and Investments

The couple’s real estate ventures complement their professional achievements. Prior to their Pinecrest acquisition, they sold a Coral Gables estate for $13.6 million, nearly doubling their investment. This pattern of strategic buying and selling highlights their acumen in both business and personal investments. ​

Public and Media Reaction

The purchase has attracted attention in financial and real estate circles, sparking discussions about the couple’s investment strategies and the luxury market’s trajectory. Some view the acquisition as a testament to their success; others analyze it within the context of broader economic trends affecting high-end real estate.​

Wrap Up

Andre Hakkak and Marissa Shipman’s recent property acquisition underscores their influential presence in both the financial and luxury real estate markets. Their strategic investments and professional accomplishments continue to draw interest and set trends within these sectors.

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