Significant issues facing the residential real estate industry in the coming year will be the topic of discussion on Wednesday, November 30 at the Urban Land Institute Southeast Florida & Caribbean’s annual Miami Condo & Community Development Symposium. Real Estate developers and investors from across the U.S. and Florida will be on hand to network, … Continue Reading
At the Miami Finance Forum’s recent panel discussion regarding the current status of South Florida commercial real estate, panelist commercial developers stated they are responding to strong tenant demand across all sectors. While all agree that the South Florida commercial real estate market, and especially multifamily rental, has appreciated substantially since the recession, the debate among … Continue Reading
Miami’s ever-changing skyline is set for its biggest upgrade yet. With the Federal Aviation Administration’s recent decision to allow buildings in Miami to reach a height of 1,049 feet above sea level, One Brickell City Centre is expected to surpass the Four Seasons Hotel and Tower to become the tallest building, not only in Miami, … Continue Reading
On March 29, 2015, the Transportation and Infrastructure Committee of the Greater Miami Chamber of Commerce, of which Bilzin Sumberg is a member, hosted an event that discussed infrastructure plans that would increase Miami’s walkability and bikeability. In addition to increasing modes of mobility, the plans that were discussed would also allow Miami to recapitalize … Continue Reading
More so than ever, wealthy Chinese investors are actively seeking returns abroad when it comes to real estate investments. China’s 2014 GDP growth of 7.4% was the slowest since 1990 and China’s growth outlook is gloomy due to its impending real estate bubble. Chinese developers have demonstrated in the past few years that they are not afraid … Continue Reading
Guest blog post written by Max Comess, Director, HFF Hotel Group. In January, our team attended the Americas Lodging Investment Summit (ALIS) conference, one of the largest hotel investment conferences in the world, at the JW Marriott hotel in downtown Los Angeles. A reported 2,800 people registered for this year’s conference, just a fraction of the overall … Continue Reading
Bilzin Sumberg, in partnership with P3 Bulletin, is proud to host P3 Hub South, a two-day conference bringing together top national and international players in the public sector, including U.S. government agency officials, mayors and local government staff, and leading global public-private partnership (“P3”) innovators in the private sector, including investors, developers, construction firms and … Continue Reading
A recent New York Times article described the increased presence of New York developers in the South Florida condominium market. The fact is that Miami real estate market has always been a seductive one for out of state developers, and the upside in the development opportunities in the South Florida real estate market simply continues to … Continue Reading
With Miami-Dade County making a concerted effort to expand its public transit system, South Florida developers are asking “what development opportunities will accompany the birth of such transit system?” Likewise, it will befit South Florida developers and attorneys to learn what zoning concessions Miami-Dade County must make in order to facilitate such transit-oriented development. A Greater Miami Chamber of … Continue Reading
With all the current and planned building projects taking place in South Florida, it seems the recent real estate crash has largely been forgotten. However, the collapse still haunts traditional lending institutions, many of whom are unwilling or unable to finance Miami’s present building boom. Further, as Jeff Bartel, chairman of Benworth Capital Partners LLC … Continue Reading
Miami, once the poster child for the recent housing bubble and subsequent crash, now has the strongest housing market in the U.S. and is one of the exclusive high-end real estate “export” economies in the world. This remarkable transformation is due largely to the huge influx of foreign cash, according to a recent Miami Downtown … Continue Reading
Guest blog post written by Will Corbin of The Beacon Council. On July 23, more than 200 people attended The Beacon Council’s New Leaders Taskforce “Why Miami?” panel discussion, which provided an overview of Miami and its business and civic assets. The program was geared towards young professionals who are new to the Miami area, … Continue Reading
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
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
An exciting announcement was recently made in South Florida – between May 2011 and today more than 200 new condo towers east of I-95 in Miami-Dade, Broward and Palm Beach counties have been scheduled to be built. Yes, this is no April Fool’s joke, you read that correctly. New condo buildings are being planned all across the … 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
Miami’s financial district has deservingly earned itself a reputation for being a bustling neighborhood with great places to live, dine and work. Not surprisingly, Brickell will be home to three fresh new residential condominium projects: Related Group’s myBrickell – an innovative 28-story condo development with 192 units to be located at 30 SE 6th Street, within … 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
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
This is a guest post by Tere Blanca, President and CEO of Blanca Commercial Real Estate. U.S. Cities Growing Faster than Suburbs Census data released this summer validated what many in the real estate sector already believed: America’s cities are growing faster than our suburbs. In fact, 27 of the country’s 51 largest metro areas … Continue Reading
Congratulations to Rilea Group, real estate developer of the office tower 1450 Brickell, on receiving the prestigious Project of the Year Award by Urban Land Institute, Southeast Florida/Caribbean. The award recognizes the real estate project that best embodies the mission of the Urban Land Institute: ensuring the responsible use of land in an effort to create sustainable, thriving communities. … Continue Reading
