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Will PortMiami keep its hold on their title as Cruise Capital of the World?

June 22, 2018
PortMiami is working hard to secure its future by investing in new multimillion-dollar cruise terminals. Most recently, the terminals for the Royal Caribbean and the Norwegian Cruise Lines state of the art terminals are being designed and constructed to lodge the largest cruise ships currently developed and to bring in billions of dollars in revenue to the port and the city. The overall goal is to secure PortMiami as the most visited seaport for cruisers around the world. The Royal Caribbean Terminal, set to open in October, will soon be home to the world’s largest cruise ship, Symphony of the…
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The Related Group is Ready to Take on More

Nearly finished with their latest condominium development, the Related Group is getting ready for a new series of projects. The Miami-based developer is led by Jorge M. Pérez, the billionaire Chairman, and CEO. The Related Group has developed 3,790 condo units since 2010, which makes it a leading builder in the condo boom. By late 2019, Related will have completed a vast majority of the 2,643 units left in their South Florida condo projects. That leads to...what’s next? The answer may be surprising and will show how Related has stepped out of their familiar territory and diversified. During the early…
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The Miami Worldcenter Makes Headway in Development

After 15 years of setback after setback, construction on the Miami Worldcenter is finally underway. The Worldcenter is just north of downtown Miami and when it’s complete will be a sight to behold. Valued at $2 billion, the Miami Worldcenter will actually create its own miniature skyline upon completion. With Art Falcone and Nitin Motwani taking the lead on development, things are moving along smoothly. The development will have several great amenities as well as a retail front along the street, an office tower, two separate apartment buildings, and the Marriott Marquis convention center.  The unique Miami Worldcenter will also…
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Amazon’s massive warehouse in Miami is nearly done

June 15, 2018
The construction of the 855,000-square-foot distribution center from the online sales giant Amazon is nearly complete. The fulfillment center near Opa-Locka airport is the first of three phases on the project; the second will be a 280,000 square-foot industrial building and the final a 5,000-square-foot headquarter for Carrie Meek Foundation. In total, more than 1 million square feet are enclosing the 3 phases of the project. All of the buildings will be operating by August of this year, according to Ford Gibson, managing director at Foundry Commercial, the real estate and investment company responsible for the project. Foundry Commercial and…
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An Argentine Family Made Changes for Years to Come

What started off as an everyday business trip, developed into so much more as Jose Luis Ferreira de Melo and his sons, Carlos and Martin saw so much unused potential in a downtown neighborhood in Miami. Ferreira is the president, and his sons are the two principals of the Melo Group which is a real estate development company from Argentina. They quickly began purchasing land, their first being a one-acre lot at 615 NE 22nd St in Edgewater for the price of $1.9 million. "Edgewater had been depressed for so long that local developers had given up on it," explained…
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US, Canada, and Mexico will host the World Cup 2026; Miami and Orlando may host some games

The 2026 World Cup, the first with 48 teams, will be played in the United States, Canada, and Mexico. Miami and Orlando could host some games. The decision was announced this week in Moscow, during the FIFA Congress. The US-led candidacy had 134 votes, against 65 votes from Morocco. The Moroccan bid was defeated in its fifth attempt to organize the World Cup. One confederation voted for no candidacy, and there were still three absent. Eight countries were unable to vote: Guam, Puerto Rico and the US Virgin Islands, plus the four candidates (Morocco, USA, Canada, and Mexico), as well…
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Orlando’s Transformation as a Hotspot For the Brazilian Real Estate Investors

It was not by chance that Forbes chose Orlando as the best city for real estate investment in 2018. Orlando and Miami have long been among the most visited tourist destinations for Brazilians, but the twists and turns of the world economy in recent years have led many people to create more permanent ties with the regions of the United States by acquiring real estate in the areas. The combination of the US housing market crisis in 2008, which brought down prices, and the boom in the sector's prices in Brazil during the same period, led many Brazilians to invest…
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Simon and Turnberry locked $1.75B refinancing for Aventura Mall

June 9, 2018
Simon Property Group and Turnberry Associates secure a $1.75 billion refinancing of Aventura Mall this past Thursday. The funding was provided by Wells Fargo Bank, JPMorgan Chase Bank, Morgan Stanley Bank and Deutsche Bank, according to a release. Part of the money, $1.2 billion, will be used to pay off the commercial mortgage-backed securities loan closed by the joint venture between the two companies back in 2013. A mortgage of $213.5 million done in 2016 guaranteed the expansion of the luxury mall, that now includes stores like Topshop Topman, and Zara, plus a 93-foot tall slide. Turnberry owns 66.7 percent…
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The transformation of Miami’s technology landscape

Miami is changing, and its tech sector is playing a vital role in it. The tech startups are improving and bringing in billions of dollars, moreover, established national and global innovation companies are also pumping in money in Miami to benefit from its changing technology scene. The widely used index by the economists, and tech industry, Kaufmann Index, has also ranked Miami as the number one city. The job numbers are steady in a town of 5.8 million people. This shows the potential of the city, and with many startups already heating up the environment, it is only a matter…
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New York and Connecticut are losing significant hedge funds and other investment firms to Miami

June 8, 2018
Miami, already called Wall Street South, is the second most popular banking hub in the United States just behind New York. The city is desired by many, not only because of its beauty and lifestyle, but also a favorable tax climate for high net word individuals – which have always enticed wealth from all around the world. Florida doesn’t charge income tax, and the state's per-capita tax rate is one of lowest in the nation. To take advantage of that, now even more banks, private-equity firms, and hedge funds are migrating to the city, said recently released article by the…
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Call Us At: 305 397 8788

605 Lincoln Road Suite 302 Miami Beach, FL 33139

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