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

James W. Shindell

Posts by James W. Shindell

Miami’s Building Boom

While the rest of the country is slowly pulling itself out of recession, Miami is in the midst of a building boom that not only signifies its strong recovery, but is putting South Florida on par with New York City as a global power center. At the time of the 2008 economic downturn, Miami had… Continue Reading

Miami Proactively Seeking Medical Tourism

Though the multi-billion dollar medical tourism industry is dominated by Asia, it is on the rise in the United States, with many wealthy international patients eyeing the U.S.’s innovative treatments in areas such as orthopedic and cosmetic surgery and cancer treatments. American hospitals are increasingly recognizing that, in addition to prestige, this niche industry can… Continue Reading

200 New Condo Towers Planned in South Florida since May 2011

An exciting announcement was recently made in South Florida - between May 2011 and today more than 200 new condo towers east of I-95 in Miami-Dade, Broward and Palm Beach counties have been scheduled to be built.  Yes, this is no April Fool’s joke, you read that correctly.  New condo buildings are being planned all across the… Continue Reading

Bilzin Sumberg Hosts the Kislak Real Estate Market Strategies Forum

Recently, we hosted the 2014 Kislak Real Estate Market Strategies Forum, presented by the Florida State University Center for Real Estate Education & Research, of which I am a member of the Executive Board. This yearly, invitation-only forum provides leaders with a platform to discuss market conditions, vet strategies, and identify emerging opportunities, and is… Continue Reading

Market Trends Indicate Improvement in Miami-Dade Office Market

A recent report published by commercial brokerage company Marcus & Millichap, projects an improved financial environment for owners of office buildings in the second half of the year as a result of lower vacancy and increased rents. By the end of the fourth quarter, the office vacancy rate in Miami-Dade County is projected to be… Continue Reading

Three New Residential Condominiums Coming Soon To Brickell

Miami’s financial district has deservingly earned itself a reputation for being a bustling neighborhood with great places to live, dine and work.  Not surprisingly, Brickell will be home to three fresh new residential condominium projects: Related Group’s myBrickell - an innovative 28-story condo development with 192 units to be located at 30 SE 6th Street, within… Continue Reading

Lennar’s 2012 Sales Revenue Exceeds Expectations

The talk of re-bound, recovery and strength in the real estate market is growing and now we have further evidence from one of Miami’s own. Miami-based Lennar Corporation, the largest U.S. homebuilder by market value, reported last month that not only did it exceed analysts’ expectations for its fiscal fourth quarter, it crushed them- citing… Continue Reading

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

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

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

Miami’s Office Market: Recovery Underway

The increasingly significant office market is just one of the many sub-sections of Miami’s real estate market that is making its way back. The 2012 report on Miami’s office market, prepared by Jones Lang LaSalle for the Commercial Industrial Association of South Florida (CIASF), provides great insight into Miami’s office market. In the report’s summary,… Continue Reading

Three High-Profile Office Deals in Miami

The resurgence of Miami’s real estate market continues apace. From high-profile office deals to high-priced residential closings, the market is vibrant. Here are three significant deals that have taken place recently in Miami’s office sector: 1.     In the largest office deal since 2008, Crocker Partners purchased the 34-story, 786,267-square-foot Miami Center located at 201 S. Biscayne Blvd…. Continue Reading