One Company Is Single-Handedly Transforming A Miami Suburb
The City of West Miami is only three-quarters of a square mile. In the 2010 census, its population was 5,965. But by completing three multifamily developments there in the past two years, Estate Investments Group has single-handedly increased its population by 10%. With additional projects in the pipeline, it is on track to transform the tiny city even more.
“We single-handedly changed West Miami,” EIG founder Robert Suris said. “They didn't even have a building department before we got here. Citizens had to go to the county to pull permits.”
West Miami, where Sen. Marco Rubio lives and started his…
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What Will Happen To Little Haiti Real Estate If Haitians Lose TPS?
If President Donald Trump's administration does what it has threatened and ends a program allowing people from troubled nations to temporarily live in the United States, Miami could see an exodus of some 50,000 people, many of those from its quickly gentrifying Little Haiti neighborhood.
In 1990, Congress created a program offering temporary protected status for foreign nationals living in the U.S. whose home countries are experiencing instability because of natural disasters, wars or disease outbreaks. More than 300,000 people from Haiti, El Salvador, Nicaragua…
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American Legion Post To Be Developed For Mixed-Use
Last year, Global City Development and Midtown Group announced that they would redevelop an underused waterfront Upper Eastside property owned by the American Legion. The parcel at 6445 Northeast Seventh Ave. would be transformed into a mixed-use waterfront project with…
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From The Shores Of Cuba To Miami: The Rise Of Armando Codina
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For decades, Codina Partners has made South Florida a better place to live, work and play. Armando Codina and his daughter, Ana, have been the driving force behind the investment and development firm's success.
EisnerAmper's Ken Weissenberg recently sat down to…
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As Rental Market Cools, Homeownership Gains Are Causing Rising Competition Among Landlords, Developers
Homeownership has started to rise while the residential rental market has declined.
Over the last several years, landlords have been able to reap the benefits of declining ownership rates by raising rental rates faster than the rate of inflation. Despite rising…
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Investors Take On More Risk As Real Estate Cycle Nears Record Run
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4 Factors That Could Threaten Industrial Real Estate's Winning Streak
U.S. industrial real estate fundamentals were strong this past year and are expected to continue their upward trajectory throughout the next 18 months.
A strong economy, plenty of investment properties and a slew of buyers have led to favorable market conditions while the rise of e-commerce and the push for same-day deliveries will continue to lead to exponential growth in industrial leasing activity across the country.
Though strong demand is expected to sustain leasing activity in the sector, RCM and the Society of Industrial and Office Realtors discovered a handful of potential risks that could negatively impact the sector. The two joined together to gather data by surveying a host of RCM principals and SIOR members, as well as conducting subsequent research.
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