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

Suzanne M. Amaducci-Adams

Posts by Suzanne M. Amaducci-Adams

Art Basel Miami Beach Attracts World-Class Hotel Brands

Last week more than 75,000 art aficionados and celebrities from around the globe descended upon Miami for the 2014 edition of Art Basel Miami Beach.  What began in 2002 as a winter outpost of the original Art Basel in Basel, Switzerland, the Miami Beach show has now overtaken its older sibling as the world’s largest… Continue Reading

What Drives Value In Miami’s Hospitality Industry?

CREW Miami’s May Luncheon focused on important new trends in the Miami hospitality industry, all stemming from Miami’s ascent as a global destination.  Guest speakers included Max Comess, Director at HFF; Gina Goodin, Associate Vice President of RTKL & Associates; Thomas Meding, Area General Manager of SBE Hotel Group; and Wendy Kallergis, President & CEO of… Continue Reading

Miami’s Golden Age

Recently Arden Karson, a Senior Vice President of The Related Group’s Acquisitions, Distressed Debt and Strategic Opportunities Division and the Project Manager for Brickell Heights Condominium, spoke about the latest in-depth analysis of South Florida’s condominium market prepared by Related ISG. Entitled “2020: The New Miami,” the analysis focuses not only on the condo market,… Continue Reading

Top 5 Issues in Commercial Real Estate Market in 2014

Renowned economist Hugh F. Kelly, Ph.D., CRE, who is also the national chair of The Counselors of Real Estate, led a discussion at a CREW-Miami luncheon about the top five issues affecting the commercial real estate market in 2014 and gave his annual economic predictions. Issue #5 – Infrastructure:  South Florida has a very poor infrastructure… Continue Reading

Annual Commercial Real Estate Finance Council Outlook

Positive Outlook for Commercial Real Estate Finance Market While attending the annual CRE Finance Council (CREFC) conference in Miami on January 13-15, it was clear the overall mood from attendees was positive about the current state of the commercial real estate finance market.  Those attending the conference were a cross-section of lenders, investors, and servicers; including commercial… Continue Reading

Miami Hotel Outlook for 2014

Attracting International Travelers The economic outlook for the Miami hotel market continues to be positive for 2014. Many expect strong demand and continued growth in the hospitality sector due to increasing numbers of international travelers. With new flight routes planned at the Miami International Airport and a variety of special events scheduled throughout the year,… Continue Reading

South Florida’s Residential Markets on the Rise

South Florida’s residential market is strengthening at fast, consistent rates making the prospects for the future seem bright this holiday season. During the over-leveraged, overbuilt times of 2008, most believed South Florida’s rebound would be difficult, but instead, as 2013 nears its end, we see a strong turnaround underway with limited residential resale inventory, rising… Continue Reading

New Miami Breakfast Series – Real Estate Financing Highlights

I recently had the pleasure of moderating the latest installment of the Bilzin Sumberg New Miami Breakfast Series – “The Return of Real Estate Financing: Passing Trend or Here to Stay?” During our lively discussion, which featured an expert panel of industry leaders (listed below) and a packed audience of business and community leaders, several… Continue Reading

Hotel Transactions in Miami Still Simmering

As Suzanne Amaducci-Adams wrote in a previous blog post, the average daily occupancy rate, average daily room rate (ADR) and revenue per available room (RevPAR) numbers for Miami each had a significant increase for the first seven months of 2013 over 2012. As you can see in the chart below, Miami is in outstanding company when… Continue Reading

HVS Miami Report: Miami’s Leap To Global Gateway Status

Andrew Cohan, Vice President of HVS Miami, a hospitality driven mixed-use real estate consulting and valuation firm, recently co-authored his firm’s Autumn 2013 Florida Newsletter entitled “Miami’s Leap to Global Gateway Status.”  The report provides a detailed and interesting look at how Miami hotel values went from national average to almost four times the national average… Continue Reading

Miami Hotel Market Update: RevPAR Up, Occupancy Up, ADR Up

CBRE Hotels, one of the hospitality industry’s leading full-service real estate groups, recently published its Summer 2013 report on the latest hospitality trends in Miami. The “Miami – Hotel Market Update” brings good news, with notable highlights including the following: Miami once again ranked among the strongest hotel markets in the nation, behind only New… Continue Reading

Thank You For Joining Us For Our New Miami Breakfast Series | Hospitality

Thursday, June 13, 2013 8:00 AM – 10:00 AM 1450 Brickell Avenue, 23rd Floor Miami, FL 33131 Thank you for joining us for the second installment of the New Miami Breakfast Series. Hospitality: A Bird’s Eye View of Miami and Beyond Miami is one of the most active hotel investment markets in the country and… Continue Reading

Size Does Matter: Jumbo Lending Up in South Florida

Jumbo loans (loans above conforming loan limit of $417,000 in Miami-Dade and Broward Counties) increased by 31% year-over-year in 2011 to 3,782 jumbo loans originated in South Florida.  This accounted for nearly half of the overall home loan growth according to Compliance Technologies’ database of Home Mortgage Disclosure Act (HMDA) filings.  Jumbo Loans More Appealing… Continue Reading

Time to Focus on Investment Opportunities in Miami’s Submarkets

Tenants and Investors Seeking Value in Suburban Locations We recently attended a presentation by The Real Deal about the Miami Commercial Real Estate Market in 2013: Beyond Downtown. Pointe Group Advisors hosted the event on the rooftop of the Miami green building– the first green office building in Miami. Besides it being a spectacular Miami… Continue Reading

2013 CREW-Miami President Margaret Nee Featured in GlobeSt.com

Margaret Nee, 2013 CREW-Miami President and Vice President of Development at Pointe Group Advisors, was recently featured in GlobeSt.com’s “Women in CRE Wednesdays” Q&A series. As a past president of CREW-Miami and Co-Chair of the 2014 CREW Network National Convention, I was pleased to read about Margaret’s goals for CREW-Miami this year, the 2014 National… Continue Reading

CREW-Miami Helps Women Make Strides in Commercial Real Estate Sector

A recent article in the Daily Business Review by CREW-Miami (Commercial Real Estate Women) president Maria Juncadella highlights the strides that women have made in the commercial real estate industry, a sector that was traditionally dominated by men. For instance, Maria points out that women are entering commercial real estate at a faster pace than they were five years ago… Continue Reading

New Miami Mid-Price Hotel Projects Target Business Travelers

Downtown Miami is well served by high end hotels like the Four Seasons, the Conrad and the JW Marriott. What the downtown area currently lacks are medium-tier urban-concept hotels which can provide the amenities business travelers need without the high prices of a five-star hotel. Enter two new exciting projects to fill the void for… Continue Reading

Impact of Lehman Collapse on South Florida’s Hospitality and Tourism Industry

Study Indicates Economic downturn more detrimental than 9/11 The economic downturn– which peaked on September 15, 2008 with the bankruptcy filing by Lehman Brothers– touched every corner of our world in unique and significant ways, including South Florida’s hospitality and tourism industry. Remarkably, studies are now revealing that the effect of Lehman’s collapse on South… Continue Reading

Miami Hotel Market: 2013 Outlook Promising

As a speaker at the Cornell Hotel Society South Florida Chapter’s “Fourth Annual South Florida Lodging Outlook” seminar at the Conrad hotel in Miami last week, I had the pleasure, along with Max Comess of HFF Hotel Group, of delivering the good news: The outlook for the 2013 Miami hotel market is promising. Market data based… Continue Reading