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Category Archives: Finance & Investment

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Enterprise Florida Opens Business Development Offices in China

Enterprise Florida recently opened business development offices in Hong Kong and Shanghai.  Enterprise Florida is a partnership between Florida’s businesses and government leaders that strives to increase job growth for Florida businesses and improve international trade.  The Hong Kong and Shanghai offices will focus on attracting foreign direct investment to Florida, strengthening trade relations and increasing Florida seaport… Continue Reading

Launch of Miami Beach Suncare Line

The City of Miami Beach kicked off its birthday celebration the evening of Friday, March 14th with a launch party for Miami Beach Suncare, a new line of skincare products. In attendance were some of Miami’s brightest stars, including Emilio Estefan, Lili Estefan and various City officials. Spearheaded by Destination Brands International (DBI), the line launched with… Continue Reading

Miami Ranked as a Top Global City

Knight Frank Releases 2014 Wealth Report and Global Cities Survey Miami and New York are the only North American cities to make the top ten list in a recent survey of the most important global cities to the world’s wealthy. The Wealth Report, issued annually by London-based real estate consultancy Knight Frank, tracks performance of prime… Continue Reading

2014 Legislative Session: Bills to Watch

On Tuesday, March 4th, Florida lawmakers gathered in Tallahassee for the start of the 2014 legislative session. Lawmakers now have 60 days to pass their bills into law. For those of us in South Florida, we want to follow this session not only because it takes place during an election year, but also because several… Continue Reading

Mayor Speaks of Miami’s Emergence in Technology Sector

Miami’s technology movement is not on the brink of happening…it is happening and it’s happening now.  With the Downtown Development Authority’s success in facilitating hedge fund Universa Investments’ relocation to Miami, and the eMerge Americas tech conference set to take place May 2nd through May 6th, Miami is getting the world’s attention for more than… Continue Reading

Healthcare Sector Heating Up Throughout South Florida

The University of Miami just announced plans to build a 200,000 square foot medical facility at its main campus in Coral Gables. Currently, many of UM’s medical facilities are concentrated in Miami’s Health District, where the Miller School of Medicine is located.  Once completed, physicians from the Sylvester Comprehensive Cancer Center and Bascom Palmer Eye… Continue Reading

New Miami in the News: Weekly Recap

The forecast is sunny this week in New Miami news, as details of expansion for a variety of retail stores emerge, and industry experts predict continuous future economic growth in our thriving metropolis. Investment strategist has bright outlook for South Florida Jobs, wages and real estate prices will keep climbing this year in South Florida,… Continue Reading

New Miami in the News: Weekly Recap

This week in New Miami news, watch out for traffic on land and at sea, as the 2014 Miami International Boat Show attracts visitors from all over the world. Miami International Boat Show kicks off this weekend This year’s show is the largest since 2007, with over 3,000 boats in place. The yearly show is… Continue Reading

New Miami in the News: Weekly Recap

This week in New Miami news, David Beckham, new international airlines at MIA, Miami’s young adults, the new free trolley service in Miami Beach and Microsoft’s job training program all made headlines. MLS, Beckham To Launch Miami Team If Stadium Plans OK’d At a press conference yesterday, it was officially announced that Major League Soccer is coming to Miami.  Negotiations to select… 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

GMCC Economic Outlook Conference

I recently attended the Greater Miami Chamber of Commerce’s 2014 South Florida Economic Summit, featuring Governor Rick Scott as one of the guest speakers.  In Gov. Scott’s remarks, he spoke of the need to create additional jobs and continue to grow Florida’s economy in key sectors like tourism and technology.  To that end, Gov. Scott… Continue Reading

Revised Florida LLC Act Takes Effect January 1, 2014 for Newly-Formed LLCs

New Florida LLC Act Does Not Apply To Existing LLCs until January 1, 2015, Unless Prior Application is Elected Effective January 1, 2014, the Florida Revised Limited Liability Company Act (the “New Florida LLC Act”), new Chapter 605 of the Florida Statutes, became effective for LLCs formed in Florida on or after January 1, 2014.  Existing… 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

WPLG’s South Florida Real Estate Outlook for 2014

Recently, Real Estate Attorney Suzanne Amaducci-Adams was featured on WPLG’s “This Week in South Florida” television program. Hosted by Local 10 news anchor Glenna Millberg, they discussed the real estate market outlook for 2014.  Also joining them was Lynda Fernandez of the Miami Association of Realtors.  During the segment, they covered topics including Miami’s appeal to foreign investors, the… Continue Reading

Happy Holidays to All Our Readers!

It’s hard to believe that 2013 is already drawing to a close – the year in New Miami flew by in a whirlwind of development as new plans were announced and projects took shape. From rail, seaport and airport expansion to the buzzing arts and cultural scene, New Miami continued to grow. We celebrate our… Continue Reading

No Good Deed Goes Untaxed – The IRS May Recharacterize Loans as Gifts

Entrepreneurs in Miami and elsewhere are familiar with making and receiving loans as commonplace tools in the management of their businesses.  One need look no further than the growth of Miami’s skyline through debt-financed development to understand how other people’s money can be leveraged to create new wealth for investors. Managing Intra-Family Loans It is… Continue Reading

Are Condo Hotels Making a Comeback?

Condo hotels offer private individuals the opportunity to purchase a condominium unit for personal use part of the year and for rent to the general public as part of a hotel when it is not in use by the owner.  These projects provide a source of financing for developers, a seasonal vacation home for unit… Continue Reading

New Miami in the News: Weekly Recap

This week, David Beckham, Art Basel, MIA and a Global Diversity Summit all made headlines. David Beckham chooses Miami to build his soccer empire According to reports, the international soccer icon’s MLS franchise team will be located in Miami. As passenger numbers rise, Miami International Airport adds more venues, flights MIA continues to expand with… 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

Tax Planning for U.S. Companies with Latin American Operations

Pass-through structures Many South Florida-based companies conduct business operations throughout Latin America. Typically, these operations are conducted though wholly-owned foreign subsidiaries. With the corporate tax rates in these jurisdictions approaching the highest U.S. federal income tax rates (for example, the corporate income tax rate is 35% in Argentina, 34% in Brazil, and 30% in Mexico), many… Continue Reading

Current Private Equity Market Should Lead To More Deal-Making

According to recent articles in The Wall Street Journal, U.S. private equity funds are on pace through the first three quarters of 2013 for their best fund-raising year since 2008.  Through the first three quarters of 2013, private equity funds have raised a total of $164.6 billion, a 22% increase from 2012. Real Estate Private Equity… Continue Reading

New Miami in the News: Weekly Recap

New Miami continues to attract national and international attention, and this past week was no exception. Venezuelans eclipse Brazilians as the largest group of foreign prospective land buyers, Caribbean wholesalers shop in Wynwood’s Korean-American owned fashion district, and the Miami DDA uses restaurants and the arts to entice New York City hedge funds. Commercial-Property Lending… Continue Reading