The 2016 political season has kicked into high gear, sparking lively discussions about major issues affecting the country. Two of the most significant issues being debated among the candidates are the economy and immigration. Typically, these topics are analyzed independently; however, the conversation has recently intersected at the sun-setting EB-5 Visa Program which expires on September 30, … Continue Reading
On our New Miami blog we often talk about Miami’s role as a trendsetting market for the hospitality industry. Over the last few years, Miami has been a popular launching point for luxury brands, such as The Thompson Miami Beach, Ian Schrager’s EDITION Hotel South Beach, SIXTY Hotel’s Nautilus South Beach, AC Hotel by Marriott … Continue Reading
The University of Miami held its fourth annual Real Estate Impact Conference on February 18th at the JW Marriott Marquis Miami in Downtown Miami. In front of a standing room only crowd of approximately 600 people, both local and national real estate heavyweights spoke on topics such as Retail Evolution and Revolutions, New Concepts in … Continue Reading
Last week more than 75,000 art aficionados and celebrities from around the globe descended upon Miami for the 2014 edition of Art Basel Miami Beach. What began in 2002 as a winter outpost of the original Art Basel in Basel, Switzerland, the Miami Beach show has now overtaken its older sibling as the world’s largest … Continue Reading
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
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
Renowned economist Hugh F. Kelly, Ph.D., CRE, who is also the national chair of The Counselors of Real Estate, led a discussion at a CREW-Miami luncheon about the top five issues affecting the commercial real estate market in 2014 and gave his annual economic predictions. Issue #5 – Infrastructure: South Florida has a very poor infrastructure … Continue Reading
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
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
South Florida’s residential market is strengthening at fast, consistent rates making the prospects for the future seem bright this holiday season. During the over-leveraged, overbuilt times of 2008, most believed South Florida’s rebound would be difficult, but instead, as 2013 nears its end, we see a strong turnaround underway with limited residential resale inventory, rising … Continue Reading
I recently had the pleasure of moderating the latest installment of the Bilzin Sumberg New Miami Breakfast Series – “The Return of Real Estate Financing: Passing Trend or Here to Stay?” During our lively discussion, which featured an expert panel of industry leaders (listed below) and a packed audience of business and community leaders, several … Continue Reading
As Suzanne Amaducci-Adams wrote in a previous blog post, the average daily occupancy rate, average daily room rate (ADR) and revenue per available room (RevPAR) numbers for Miami each had a significant increase for the first seven months of 2013 over 2012. As you can see in the chart below, Miami is in outstanding company when … Continue Reading
Andrew Cohan, Vice President of HVS Miami, a hospitality driven mixed-use real estate consulting and valuation firm, recently co-authored his firm’s Autumn 2013 Florida Newsletter entitled “Miami’s Leap to Global Gateway Status.” The report provides a detailed and interesting look at how Miami hotel values went from national average to almost four times the national average … Continue Reading
On September 26, Bilzin Sumberg will host the next installment of our New Miami Breakfast Series, “The Return of Real Estate Financing: Passing Trend or Here to Stay?” We invite you to join us as we take a mid-year look at the noteworthy loans that closed over the first half of the year and the … Continue Reading
CBRE Hotels, one of the hospitality industry’s leading full-service real estate groups, recently published its Summer 2013 report on the latest hospitality trends in Miami. The “Miami – Hotel Market Update” brings good news, with notable highlights including the following: Miami once again ranked among the strongest hotel markets in the nation, behind only New … Continue Reading
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
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
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
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
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
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
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
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
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
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