The origins of B Developments dates back four generations to the early 1930's when Ángel Barbagallo, principal´s grandfather, worked as an auctioneer, real estate broker, mortgage broker and builder. The families‘ real estate business continued to flourish under Sebastián José Barbagallo who, following in his father footsteps, expanded the family business into real estate development. By the mid 1970's, real estate development was the primary specialization of the company. The extensive knowledge and familiarity of mortgages and sales internalized the major components in real estate and provided access and control throughout the developments which is a formula that is continued today.
Miguel Ángel Barbagallo and his brother Alberto Barbagallo, sons of Sebastián Jose, now lead B Developments with the same principles instilled in them by their mentors. Miguel Ángel is an attorney and phD in Civil Law, Alberto is a CPA and Master in Finance Administration; both with over 35 years of senior-level experience in real estate and construction operations, they are well versed in real estate development, law, administration, finance and construction making them superbly qualified to exploit the dynamic real estate market in South Florida, where the company is based. Miguel Ángel’s sons, Sebastián and Guido, as well as Alberto’s sons Franco and Bruno are currently working in the company at different levels of responsibility.
Their accomplishments include developing more than 200 residential buildings on Argentina's Atlantic coast as part of "Barbagallo Desarrollos Inmobiliarios". The Barbagallo's originated nearly 50 urban residential developments in Buenos Aires, handling all aspects of the project, including construction, sales, financing and business structuring.
B Developments has successfully developed several prime properties bringing to the market more than 500 condominium units in the most desirable areas the City of Miami in the previous cycle in projects such as Altos de Miami and Terrazas Miami. Currently the company is involved in projects oriented to adding value to certain underdeveloped sectors, with specific emphasis in North Bay Village and Coconut Grove.
B&L Management Group Corp is an affiliate of B Developments lead by Sebastian Barbagallo that is in charge of the asset and property management of units in several residential complexes, retail spaces and offices in excess of 500,000 Square feet in Miami, Broward, West Palm Beach, Vero Beach, and prominently in Tampa Bay Area and Orlando.
Both companies continue to be Family owned and operated.