Entries by sharingstream

Port of Miami rail project expected to boost trade

Port of Miami rail project expected to boost trade – MIAMI HERALD The rail project is part of a massive port renovation to help Miami attract megaships that will begin crossing the Panama Canal after its expansion is completed in 2014. BY MIMI WHITEFIELD Construction has began on a nearly $50-million rail project at the […]

S. Florida’s global impact expands

MIAMI HERALD Posted on Sun, Jun. 19, 2011   South Florida’s global impact expands By Jane By Wooldridge Since the days of Ponce de Leon, South Florida’s economy has largely hinged on geography. Beaches, warm winter temps, proximity to the Caribbean and Latin America continue to be critical factors. But the past few weeks have […]

Latinos, first-time buyers key to recovery

WASHINGTON – June 16, 2011 – The National Association of Hispanic Real Estate Professionals (NAHREP) published a report “The State of Hispanic Homeownership,” that offers data on the Hispanic homebuyer market and why it is poised, due to its population size, high desire and buying clout, to drive first-time homebuyer purchases and accelerate the nation’s […]

Housing Shortage Likely Coming

CAMBRIDGE, Mass. – June 13, 2011 – Within the next decade, 16 million new housing units will be needed to meet population growth and shifting demands, according to Harvard University’s Joint Center for Housing Studies in its latest annual “State of the Nation’s Housing” report. That means household growth, which has dropped drastically in recent […]

Herald land sold for $236 million

Asia’s third largest casino company paid $236 million for 13.9 acres of waterfront land owned by The Miami Herald, a landmark deal that would remake the northern edge of downtown Miami. Genting Malaysia Berhad closed on the all-cash deal Friday with the McClatchy Co., The Herald’s parent company. Genting executives said they would spend $2 […]

New city center on horizon for Brickell area

New York City has Rockefeller Center. San Francisco boasts the Embarcadero Center. Now, Miami could have its version of a vibrant urban gathering place called Brickell CitiCentre. The developer of Brickell Key has unveiled its long-awaited plans for a nearly $700 million urban shopping and mixed-use development spread over 9.1 acres just west of Brickell […]

Mega Mall Coming to Downtown Miami

Mega Mall Coming to Downtown Miami NBC MIAMI By Willard Shepard   CLICK HERE TO WATCH THE VIDEO A massive new mega mall planned for downtown Miami has local shoppers ready to spend and local politicians seeing dollar signs. The massive Brickell CitiCentre consisting of more than five towers will rise from the land bordered […]

Home Sales Up – Brickell Condo, Apartment rents soar

Thursday, May 12, 2011 www.miamitodaynews.com   Home Sales Up   Miami-Dade home sales, including single-family homes and condos, rose 71% in the first quarter, from 3,450 to 5,910 closings.  Sales rose 26% from the fourth quarter of 2010, according to the Miami Association of Realtors and the Southeast Florida Multiple Listing Service.  This first-quarter upward […]

Unemployment falls in 2/3 of states

Unemployment falls in two-thirds of states   WASHINGTON (AP) – April 20, 2011 – The unemployment rate fell in two-thirds of the nation’s states last month, the latest evidence that the strengthening economy is encouraging many employers to boost hiring. The Labor Department said Tuesday that the unemployment rate dropped in 34 states in March. […]

Greater Downtown Miami Market Update

300 Leases Signed Monthly In Greater Downtown Miami In 2011 Published 4/3/2011 by CondoVultures.com Nearly 750 condos are available for rent in the Greater Downtown Miami area at an average asking price of more than $2,750 per month, according to a new report from CondoVultures, a real estate consultancy and marketing company based Bal Harbour, […]