In this paper, an optimization-based model order reduction (MOR) framework is proposed. The method involves setting up a quasi-convex program that solves a relaxation of the optimal Hinfin norm MOR problem. The method can generate guaranteed stable and passive reduced models and is very flexible in imposing additional constraints such as exact matching of specific frequency response samples. The proposed optimization-based approach is also extended to solve the parameterized model-reduction problem (PMOR). The proposed method is compared to existing moment matching and optimization-based MOR methods in several examples. PMOR models for large RF inductors over substrate and power-distribution grid are also constructed.