Coralee G. Penabad is a principal at URBAN-X. Coralee’s main focus is the oversight of all acquisitions, financing, marketing, and operations to which she brings over 20 years of relevant experience. Coralee has played a leadership role in the acquisition, design, entitlements and finance of River Landing Shops & Residences.

Prior to launching URBAN-X, in 2006, Ms. Penabad was general counsel to Leviev Boymelgreen Developers (LBD), an Israeli-based real estate partnership. She managed the partnership legal issues in  Florida, refinancing of its entire Florida portfolio, the management of all condominium sales and all the partnership with Florida domestic legal issues. She guided LBD through its development of the Marquis Condominium and other Florida projects, its transition in management, restructuring and eventual buy-out/sale by its members. She was lead attorney on transactions involving more than $750 million of real property for LBD. Ms. Penabad was awarded the Top Dealmaker, Real Estate Finance 2008 Award in South Florida by the Daily Business Review for her efforts in the refinancing and repositioning of LBD’s portfolio.  She was also recognized in “40 under 40” list of achievers in the South Florida Business Journal.

Ms. Penabad has a unique skill of identifying difficult issues and focuses on implementing simple solutions to turn around some of the most troubled real estate projects in Miami-Dade County including Paramount Bay, and 151 at Biscayne Condominium. Ms. Penabad has a bachelor’s degree in Business, Financing and has spearheaded the acquisition and development of River Landing Shops & Residences.


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