The Miami hotel market is one of the hottest in the country and beyond. As a recent article in Law360 reports, downtown Miami in particular is playing a big part in the resurgence of the market. The city’s urban core, an area that was once overlooked and saw little development during the economic downturn, is… Continue Reading
Category Archives: Construction
Subscribe to Construction RSS FeedThank 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
Spike in Real Estate Creates Tax Planning Opportunities for South Florida Property Owners
Although it may come as a surprise to many, it is no secret that South Florida property values are on the rise. Over the past few years, wealthy Latin Americans and other foreign investors have turned their investment focus to the depressed real estate market in South Florida. Once a market that was flooded with thousands… Continue Reading
Miami-Dade County Road Impact Fees to Increase 30% on April 22, 2013
Understanding the current fees Miami-Dade County imposes road impact fees on new developments in both unincorporated and incorporated areas of the County, subject to any applicable exemptions or credits, which may reduce or eliminate the fee due. Road impact fees must be paid prior to obtaining a building permit for new construction and are often… Continue Reading
Federal Aviation Administration to Propose Height Regulations
As development in Miami’s core returns, many developers are concerned with what appears to be a review by the Federal Aviation Administration (FAA) height regulations, which could impose restrictions to the maximum allowable heights. However, the FAA is not being clear on what exactly its intended revisions to the regulations may be, causing additional angst… Continue Reading
Florida Property Owners: Be Aware of This Procedure Before Filing a Construction Defects Claim
Claims for Construction Defects in Florida One of the most frustrating events for a residential homeowner, or a commercial property owner, is the day that they find construction defects on their property. From that time forward, the steps that are taken by the property owner to preserve all available evidence and claims against the responsible… Continue Reading
Miami’s Commercial Real Estate Women Are Driving the Deals
Margaret Nee serves as the 2013 CREW-Miami President and is Vice President of Development at Pointe Group Advisors based in Coconut Grove, Florida. While many studies continue to indicate that parity gaps still exist between men and women in the commercial real estate industry – primarily in terms of salaries and the levels of positions… Continue Reading
South Florida Law Firms Team Up In Support of United Way of Miami-Dade
The Bilzin Sumberg Dodge Squad is getting set to square off against three other South Florida law firms in an upcoming dodgeball tournament to raise funds for the United Way of Miami-Dade. On March 13, we will vie for the title of Dodgeball Champion 2013 alongside Akerman Senterfitt, Carlton Fields and Greenberg Traurig at 5:30… Continue Reading
Thank You For Joining Us For Our New Miami Breakfast Series
Thank you for joining us for the inaugural session of the New Miami Breakfast Series. Public-Private Partnerships: Why They Are Growing in Popularity and Their Impact on South Florida The most flexible relationship between the government and a private contractor is a public-private partnership, commonly referred to as a P3, in which government and the… Continue Reading
Optimistic Outlook for South Florida Construction Industry in 2013
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
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
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
Construction Concepts Tip #3: Liquidated Damages
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
Contracts for Future Residential Construction Fuel Florida Rebound
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
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
P3s Everywhere You Look
Posted in Construction, Public-Private Partnerships There are currently a lot of construction hats at Miami-area transportation facilities. The Miami International Airport has recently opened its newly constructed North Terminal and new MIA Mover people mover system, and construction is underway of the Miami Intermodal Center, a massive ground transportation hub connecting the airport to Metrorail, Metrobus, rental cars, etc. Not… 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
Atlanta Fed Touts Return of Construction Cranes to South Florida
On Thursday, the Federal Reserve Bank of Atlanta reported on the comeback of the construction crane in downtown Miami, touting it as a harbinger of good things to come in the South Florida condominium market. As reported in the Atlanta Fed’s EconSouth, during the peak of the South Florida construction boom, more than 140 cranes… Continue Reading
Construction Concepts Tip #2: Construction Bonds
Posted in Construction In the last posting, and in light of the explosion of new construction in the South Florida real estate market, we began to explore certain issues that owners and developers should consider before beginning a project and signing a construction contract with a general contractor. The first tip was regarding change orders. Our second tip… 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
Construction Concepts Tip #1: Change Orders
Recently, an article in the South Florida Business Journal suggested that South Florida is starting to see an explosion of new construction. The article stated: South Florida contracts for future construction increased in May, with total building skyrocketing 131 percent, according to the research and analytics unit of McGraw-Hill Construction. With projects such as Resorts… Continue Reading