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
Suzanne Amaducci-Adams
Thank You For Joining Us For Our New Miami Breakfast Series | Hospitality
Miami Travel Market on the Rise
Warm weather and great events seemed to lure visitors this spring as Miami ranked #1 in March among the top 25 markets nationally for Average Daily Rate (ADR) at $238.12, Revenue Per Available Hotel Room (REV PAR) at $212.20 and Hotel Room Occupancy at a high 89.1%. Even more telling, the ADR increased 14.4% 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
Experts Predict Increased Growth in Miami Hotel Market in 2013
The Miami hotel market continues to be one of the most active hotel markets in the country. The impact from tourism and Miami’s location as a gateway city continue to attract real estate investors and the activity is expected to increase throughout 2013. As noted in recent articles in Law 360 and the South Florida… Continue Reading
Miami Hotel Numbers for 2012 – Miami #4 Market in Key Categories
If you have been following us here on the New Miami Blog, you know (i) the hotel market in Miami is seemingly getting hotter every month and (ii) Miami is one of the most active hotel investment markets in the country. The New York Times recently noted that “real estate investors seem to be flocking… 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
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
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
Posted in Hospitality, Leisure & Restaurants 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
Foreign Investors Buying Miami Commercial and Residential Properties
Buyers, both domestic and foreign, are capitalizing on Miami’s continuing commercial and residential investment opportunities. Recent details of new deals and reports reaffirm that Miami is still where everyone wants to be. The Van Dyke Café’s New Landlord The Van Dyke Café, located in the 1924 iconic Van Dyke building originally developed by Carl Fisher and… Continue Reading
South Florida Retail Properties Attracting Lenders
Although attendees at the recently held International Council of Shopping Centers (ICSC) Florida Conference reported seeing a slow recovery ahead for the state’s retail sector, several local retail properties have been able to attract new lenders and take advantage of record low interest rates. Somerset Shoppes in Boca Raton, Florida was able to refinance its… Continue Reading
Miami Beach and Luxury Hotel Market – A Sizzling Combination
Posted in Hospitality, Leisure & Restaurants When you think of great combinations in Miami Beach, you think of classics, both new and old, like perfect weather and perfect bodies, the Fontainebleau Hotel and the Rat Pack, Ocean Drive and Art Deco, pasty unprotected skin and blistering sunburns, café and Cubano, the Miami Heat and world championships, world class boating and low… Continue Reading
Miami Ranked in Top 3 U.S. Hotel Markets
Posted in Hospitality, Leisure & Restaurants With Miami’s sandy beaches, cultural sophistication and international exposure, it is no surprise that the city has positioned itself in 2012 as a sought-after domestic and international tourist destination. Miami is outperforming national averages and standing out as one of the top markets for hospitality in the U.S. According to data assembled by Smith Travel… Continue Reading
Luxury Hotel Market Hot in Miami Beach…and Getting Hotter
Posted in Hospitality, Leisure & Restaurants Miami Beach has long been sought out by both domestic and international tourists looking to enjoy the sun, sand and natural (and in some cases, surgically enhanced) beauty that Miami Beach is famous for around the globe. Increasingly, those tourists are looking to stay in luxury hotels, and according to a recent article in USA… Continue Reading
Miami Developers Using The “Brazil Method”
Just four years after condominium development in South Florida completely froze, development is back and heating up quickly. With the median sales price of condominiums in Miami-Dade County up 34% in June compared to the prior year and the amount of available inventory down 29% according to the Miami Association of Realtors, developers are moving… Continue Reading