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

Category Archives: Hospitality, Leisure & Restaurants

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Positive Report for South Florida Commercial Real Estate

TREPP Analytics recently provided the U.S. commercial real estate industry some positive news – both the CMBS delinquency rate and seriously delinquent loans are down. The delinquency rate as of June 2014 is 6.05% (compared to 8.65% a year ago), with seriously delinquent down to 5.92% from 8.37% last year.  This decrease is seen across… Continue Reading

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

SEC Enacts Rule that Loosens Restrictions on Marketing Condo-Hotels

Good news for condo-hotel developers, as a new SEC rule substantially creates new business opportunities for developers and real estate brokers marketing condo-hotels. 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… 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

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

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

eMerge Americas Techweek: Final Thoughts

The eMerge Techweek Conference’s last day, like every day before it, was filled with interesting discussions led by the tech world’s movers and shakers. On Monday, they held a session about crowdfunding, led by EarlyShares CEO Joanna  Schwartz. Crowdfunding is an innovative way of raising equity and gathering investors without losing creative control. Done in an online,… Continue Reading

Monday at eMerge Americas Techweek: Live Blogging

Over 5,000 people have gathered for the inaugural eMerge Americas Techweek Conference, hosted at the Miami Beach Convention Center. In addition to the elaborate booths of sponsors from various sectors, including education, health and the financial sector, the conference has an array of speakers on a variety of topics, grouped into categories such as “Innovate,”… Continue Reading

Good News for Grove Isle Condo Owners

Grove Isle condo owners, who have been in the middle of a battle over a proposed 18-story condo tower which will replace the low-rise Grove Isle Hotel & Spa, received some good news when the Third DCA overturned the dismissal of Grove Isle Association’s 2009 lawsuit against the owners and former and present managers of Grove Isle’s… 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

Miami Proactively Seeking Medical Tourism

Though the multi-billion dollar medical tourism industry is dominated by Asia, it is on the rise in the United States, with many wealthy international patients eyeing the U.S.’s innovative treatments in areas such as orthopedic and cosmetic surgery and cancer treatments. American hospitals are increasingly recognizing that, in addition to prestige, this niche industry can… 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

History Repeats Itself at the Mouth of the Miami River

Ten years ago, attorney Michael Kreitzer represented a developer who was faced with an injunction on its development of a high-rise apartment building on the south side of the Miami River after it was discovered that the Tequesta Indians had occupied the site, soon to be known as the “Miami Circle” approximately 2,000 years earlier. That… 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

Supreme Court Denies Certiorari in Win for Condo-Hotel Developers

We recently posted about condo-hotels and their apparent comeback in the marketplace. Now, a recent Supreme Court decision that decreases the restrictions historically inherent to these types of properties could intensify the demand and spark a resurgence for condo-hotel projects in Miami and beyond. The United States Supreme Court decision last week to refuse to… 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

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

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

New Miami in the News: Weekly Recap – Art Basel Edition

Today’s New Miami recap focuses on Art Basel – both the art itself and the opportunity it brought for brokers to court potential clients. Record Sales, Crowds At Art Basel Miami Beach 2013 With over $3 billion worth of art on display and an estimated 50,000 visitors flying to Miami for the fair, this was… Continue Reading

Soccer at the Seaport?

Should a soccer stadium be built at the Port of Miami?  Soccer superstar David Beckham and his investment team have identified the southwest corner of the Port as a potential stadium site for a new Major League Soccer franchise. Sports enthusiasts hail the waterfront site with its stunning views of downtown as the perfect place… Continue Reading

Miami-Dade County Retail Industry Expands Amidst Increasing Demand

Along with the condo market and the hospitality industry, the retail sector in Miami-Dade County has bounced back from the downturn, and developers and retailers are scrambling to expand existing shopping centers and build new centers in emerging markets such as the Design District, north of downtown Miami.  As Terranova Corp., a Florida real estate… Continue Reading

New Miami in the News: Weekly Recap

This week in New Miami news, don’t miss the renderings of developer Jeff Berkowitz’s Skyrise Miami, a sleek 1000-foot observation tower that would become Miami’s tallest building. Channel deepening project begins at PortMiami Deepening the shipping channels will allow megaships to cross the expanded Panama Canal beginning mid-2015. Resident influx feeds rising condo towers With… Continue Reading