Posted in Construction A recent report from McGraw-Hill Construction’s research and analytics unit reported that the total volume of construction contracts in the Miami/Fort Lauderdale area has reached $2.29 billion for the year to date, a 54 percent increase over the same period last year. This report is one of many indicators of the explosion of new construction… Continue Reading
Posted in Construction The total dollar value of contracts for future residential construction in Florida has risen more than 45 percent for the year to date, which translates into approximately $1.2 billion of new construction work in a state that took a significant beating in the last recession. According to McGraw Hill Construction’s latest report on the Florida… Continue Reading
Posted in Public-Private Partnerships We recently mentioned the Port of Miami’s ambitious development plans in the context of the several major public projects taking place in South Florida. Among these projects, it is clear that the activity at the Port is of the greatest interest to the Miami development community and, indeed, often appears to be the topic of… Continue Reading
Posted in Hospitality, Leisure & Restaurants As funding slowly returns for hotel properties, lenders should be more cautious when underwriting hotels as collateral for loans. Unlike other types of commercial real estate properties such as retail, office or multifamily properties, hotels are prone to extreme fluctuations in revenue and operating expenses. Lenders should keep this in mind when originating loans involving… Continue Reading
Posted in Hospitality, Leisure & Restaurants From December 6-9th, Miami hosts the 11th edition of Art Basel, the most prestigious art show in the Americas. More than 260 leading galleries from around the world will take part, showcasing works by more than 2,000 artists of the 20th and 21st centuries. As art collectors, celebrities, artists and journalists descend upon Miami for… Continue Reading
Posted in Litigation & Arbitration Foreign civil lawsuits, private arbitrations using § 1782 to facilitate discovery Let’s say you have a client who is a party to an arbitration proceeding pending in Buenos Aires, Argentina. In your investigation of the matter, you discover that an individual living in Miami, Florida, may have critical information relating to your client’s claims. You want… Continue Reading
As Alyce Robertson notes in a recent blog post, home and condo sales in Miami are currently surging with at least eight projects spanning 3,600 units actively under construction right now and more in preliminary stages. On a national level, however, the real estate market has not seen the same level of recovery. That’s why… Continue Reading
