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Category Archives: Finance & Investment

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Retail and Tech in Miami Continue to Expand

At the Beacon Council’s annual One Community One Goal Meeting, national retail department store Macy’s announced that it will be bringing its fashion incubator to Miami in order to foster and keep talent in Miami. In its two other locations in Chicago and Philadelphia, the Macy’s incubator has served as a residency on the business… Continue Reading

Increasing Canadian Investment in Florida

Long since a top destination for Canadian ‘snowbirds,’ Florida is quickly solidifying its position as a center for Canadian investment. Miami-based Canadian Consul General Louise Leger recently made an official visit to Pensacola, Florida.  Leger is a 34-year veteran of the Canadian foreign service specializing in international business, and has been the Canadian government’s top trade… 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

Increased Density Mixed-Use Development the Future of Wynwood

Miami’s Planning, Zoning and Appeals Board has approved a change in the city zoning ordinances that would allow the densest mixed-use building in the area to be constructed. The application still requires approval before the City Commission. The Board voted 7-1 in favor of developer Wynwood 250‘s request for a zoning change, giving it the ability… Continue Reading

Get Ready For A Miami Tech Hub

Miami has long been known for its tourism and hospitality industry, its booming real estate market and its diverse international population. Now, in the wake of Microsoft’s announcement that it plans to open a state-of-the-art training facility in the Magic City, and several noteworthy events targeted specifically toward this rising industry, we can now add… Continue Reading

Florida’s Revenue System Outlined in New Report

The Leroy Collins Institute has published a report that outlines their view of the state’s revenue system and its potential misuse. The report, entitled “Tougher Choices: Shaping Florida’s Future,” builds on a 2005 Institute report which warned that the state’s revenue system was overly reliant on the booming housing market and influx of construction due… Continue Reading

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’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

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