Host of construction projects on the horizon After showing signs of life in 2012, the construction industry in Miami is scheduled to see the rise of cranes in 2013, and with it various projects. According to Condo Vultures, a firm which tracks the real estate market, there are nearly 100 condominium projects proposed for South… Continue Reading
Monthly Archives: January 2013
Florida M&A Market Ranks 4th by Volume in U.S.
Posted in Finance & Investment According to a recent report from Hype Park Capital, Florida had the 4th most mergers and acquisitions transactions by volume in the United States in 2012 with 517 completed M&A transactions. Despite being better known for its real estate and tourism industries, South Florida had 196 completed M&A transactions in 2012, which would have put South Florida as… Continue Reading
Getting Personal with Blanca Commercial Real Estate CEO Tere Blanca
As part of its “Trow Knows CEOs” series, the Coral Gables Chamber of Commerce will feature Tere Blanca, founder, president and CEO of Blanca Commercial Real Estate, Inc. on Friday, February 1st. With over 20 years of experience in the South Florida real estate market, Blanca, who also served as a New Miami guest blogger, has… Continue Reading
Hardening Buildings and Infrastructure to Mitigate Business Risks of Sea Level Rise
In low-lying Miami, discussions about sea level rise go well beyond the hypothetical. For property developers, building owners, government agencies, and insurance companies, developing strategies to mitigate the risks of sea level rise is a high-priority action item. At a recent Urban Land Institute (ULI) event hosted by Bilzin Sumberg, entitled “Can SE Florida Stay Afloat… Continue Reading
Public-Private Partnerships, Seaports, and The New Normal
Posted in Public-Private Partnerships A recent article in the PPP Bulletin, “Change we can believe in?”, explains that “PPPs are the new normal” for infrastructure projects in the United States, and public-private partnerships are being relied upon for responses to Hurricane Sandy, transportation projects, water recycling facilities, airports, and everything in between. For the same reasons that P3s are… Continue Reading
Jeffrey Rubinger To Speak at ABA Tax Section Midyear Meeting
Posted in Foreign Investment & Tax At the upcoming American Bar Association Section of Taxation‘s 2013 Midyear Meeting, Bilzin Sumberg Tax Partner Jeffrey L. Rubinger will speak on the topic of Foreign Investment in U.S. Real Estate. His talk will cover international tax planning for non-U.S. investors (including sovereign wealth funds) investing in U.S. real estate, including REITs. The ABA Section of… Continue Reading
WLRN Radio To Host Marketplace Morning Report
Those who like to start their day with a cup of coffee and listening to the Marketplace Morning Report with Jeremy Hobson will be pleased that the show will be broadcast live from the WLRN Radio studios in Miami all next week. From January 22 - 25, WLRN Radio will host one of Public Radio’s most popular… Continue Reading
Reception Celebrates Launch of AnsaldoBreda’s Miami-Dade Rail Car Project
Posted in Public-Private Partnerships On January 9, we hosted a reception to celebrate the launch of the Miami-Dade County Rail Car Project. Italian global transportation company AnsaldoBreda, will replace the existing aging Metrorail trains with 136 modern, heavy rail vehicles. Miami-Dade Transit awarded the $300 million contract to AnsaldoBreda to build the new fleet of Metrorail cars, which will… Continue Reading
Condo Contracts Ruling Significant for Florida Developers’ Attorneys
Posted in Construction, Litigation & Arbitration In a recent Daily Business Review Board of Contributors column, Real Estate attorney Martin A. Schwartz discusses the effects that a recent New York federal appeals court decision may have on Florida condo buyers’ use of the Interstate Land Sales Full Disclosure Act to rescind their purchase contracts and the impact on condominium document production. Up… Continue Reading
Happy New Year from Bilzin Sumberg
Only a week into 2013, and the new year in Miami is already off to a bright start. The Miami Herald expects cranes to begin popping up along the skyline in the first and second quarter as construction of new condos gets underway. It is anticipated that the construction sector, after posting 62 consecutive months… Continue Reading
Construction Concepts Tip #4: Substantial Completion
Posted in Construction With New Construction Projects Abound, Remember to Focus on “Substantial Completion” A quick trip down Brickell Avenue, up the Biscayne Boulevard Corridor, or along Miami Beach’s Collins Avenue will confirm the statistics from a recent report that nonresidential and residential construction contracts are up 62% for the year to date throughout greater Miami and Ft… Continue Reading
Survey Reveals Cautious Optimism About Miami’s Economic Future
We are pleased to announce that the results of our New Miami Investment Survey are out. Click to Download SurveyTo assess what other business leaders are thinking about the pace and nature of economic recovery in South Florida, we commissioned The Bilzin Sumberg New Miami Investment Survey. 200 top executives in the community provided their… Continue Reading