Strong Miami employment numbers track state and nation -
Mar 06, 2019
Mixed signals from external events may complicate a coherent economic outlook for Miami, but one thing is sure: employment is booming today.
In interpreting where we’re heading locally, how much heed should we pay to the tragedy of Venezuela or the potential fallout of Michael Cohen’s testimony, to the failure of talks with North... [more...]
Brickell Avenue Bridge standoff over traffic goes on -
Feb 27, 2019
There’s an apparent cease-fire in the battle between Miami’s Downtown Development Authority and the US Coast Guard and the Florida Department of Transportation to enforce (and possibly expand) lock-down times for the Brickell Avenue Bridge.
Authority directors and downtown stakeholders alike can attest to the paralyzing effect... [more...]
Brickell City Centre to produce fire station, Riverwalk -
Feb 27, 2019
As Brickell City Centre prepares to grow again in the next couple of years, the next phase of construction will include a fire station and a public riverwalk.
The fire-rescue station and the riverwalk are promised by developer Swire Properties Inc. and its affiliates, and are detailed in a new development agreement approved Jan. 24 by the Miami... [more...]
Weekend traffic jam nightmare a dream for mass transit -
Feb 20, 2019
If we needed reason to ditch our cars and climb aboard something else, the long Presidents’ Day weekend handed it to us. Unless you stayed home for five days, you must have been caught in the traffic snarls.
Blame simultaneous events galore, including two boat shows, two art festivals, a concert downtown and more. Miami drivers in stalled... [more...]
Six Reasons Everyone is Moving to the Brickell Neighborhood -
Feb 19, 2019
Move over, South Beach. Miami's downtown core is one of the fastest-growing destinations in the country. Florida's population is growing at a rate of 900 people per day, second in the country only behind Texas. Within Florida, Brickell is the hotspot, featuring the most new condos, and nearly tripling its population between 2000 and 2016. The boom... [more...]
Businesses flow from afar into Brickell, downtown offices -
Feb 12, 2019
The office market in the central business district and Brickell is solid, observers say, and not likely to be blown off course anytime soon.
“The market in downtown and Brickell is tight,” said Neisen Kasdin, office-managing partner at Akerman, LLP, and vice chair of Miami’s Downtown Development Authority. “The last... [more...]
Florida East Coast Realty's $425M Panorama Tower refi is among city’s biggest -
Feb 06, 2019
$425 million refinancing of Panorama Tower, one of the largest such loans in Miami in recent years.
Wells Fargo financed the new debt, which replaces the $340 million construction loan the bank provided on the 85-story tower in 2015. It was one of the largest construction loan in Miami-Dade at the time.
FECR, led by Tibor Hollo and his sons... [more...]