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New Miami Blog Insights and Commentary on the Gateway City's Expanding Global Significance

Monthly Archives: November 2012

Is Miami’s Housing Market Getting Better? Depends on Who You Ask

Miami’s real estate market has always been the topic of dinner table conversations – with the ebbs and flows of its success closely tied to the economy. Not surprisingly, as the economy starts to (slowly) pick itself back up, the conversations about investment and opportunity are also on the rise. Are we faring better…or worse?… Continue Reading

Demand Outpacing Supply in Downtown Miami as Foreign Investment and Urban Living Trends Continue

This is a guest post by Alyce Robertson, Executive Director of the Miami Downtown Development Authority. Demand for condo sales and rentals slated to exceed supply We have been tracking condo sales and rental activity in downtown Miami since the market bottomed out three years ago, and what we are seeing is a clear trend… Continue Reading

Planetizen’s List a Twitter Resource for Urban Planners, Development Community

Urban planners, designers and members of the development community in Miami who Tweet will want to bookmark this resource: Planetizen’s comprehensive list of the best news and observations about urban planning, design and development available on Twitter. Planetizen is a public-interest information exchange provided by Urban Insight. The list contains links to the Twitter feeds of news sources and blogs, individuals,… Continue Reading

Miami Developers Continue to Create a Vision for the Future of Brickell

The Related Group continues to be active in the Miami real estate market. The Daily Business Review reported last week on Related’s recent purchase of the Infinity II property, located at 1300 S. Miami Ave for $18.5 million. The purchase by Related, a company known for developing Brickell’s Icon and 500 condo buildings, shows that… Continue Reading

New Public Transportation Contract Fuels Growth

Italian firm AnsaldoBreda awarded contract to build Metrorail cars in 2015 Last week, the Miami-Dade County Board of County Commissioners awarded a $313 million contract to AnsaldoBreda to design and build 136 new Metrorail cars to replace the existing fleet.  The contract was awarded after a lengthy competitive solicitation process that included several twists and… Continue Reading

Shared Appreciation Mortgages Key For Foreign Investors

The combination of a weak U.S. dollar and low interest rates has resulted in more foreign investment in U.S., and South Florida, commercial real estate. But one of the primary obstacles facing foreign persons who invest in U.S. real estate is the Foreign Investment in Real Property Tax Act (FIRPTA), more specifically Section 897. Under this… Continue Reading

How Far Can Government Go When it Comes to Permit Conditions?

The United States Supreme Court recently agreed to hear a case brought by a property owner who challenged permit conditions imposed by the St. Johns River Water Management District for permits to develop a portion of the property. The property owner, Coy A. Koontz, applied for permits to develop 3.7 acres of a 14.2-acre parcel… Continue Reading

Some Dividends Received from Cypriot Corporations not Eligible for Qualified Dividend Rates

When Is a Statutory Benefit a ‘Treaty Benefit’? When the IRS Says So! Since Section 1(h)(11) was enacted as part of the Jobs and Growth Tax Relief Reconciliation Act of 2003, questions have been raised on exactly how to interpret the section’s legislative history. Under this provision, a dividend received by a U.S. individual taxpayer (directly… Continue Reading

The Outlook for Sunny Isles Beach is Bright

With 2 1/2 miles of sandy beaches and proximity to Bal Harbour Shops, downtown Miami, business centers, fine dining and entertainment, Sunny Isles Beach is attracting an impressive amount of luxury residential oceanfront development. The barrier island, bordered by the Atlantic Ocean on the east and the Intracoastal Waterway to the west, is experiencing a… Continue Reading

International Arbitration Involving Latin America in South Florida: Part 2 of 2

In Part 1 of this series, we discussed some of the advantages to conducting international arbitrations in South Florida, including its convenient location and the rules that allow parties to choose their arbitrators regardless of nationality. There are several more advantages: A Similar Culture Not only do many South Florida attorneys speak Spanish and Portuguese,… Continue Reading