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From Wall Street to white sand beaches...How Avra Jain took Miami by storm! You wouldn't know it today, but in 1979 many were skeptical whether Swire Properties knew what it was doing when it bought Brickell Key for $17M. Today, the land jutting into the Miami River is stacked with condo towers and elite hotels. All thanks to one man's vision: Swire Properties' Stephen Owens. 
Stephen headlined Bisnow's recent Evolution of Brickell & Downtown Miami event, where Bilzin Sumberg's Suzanne Amaducci-Adams (both here) interviewed the sage developer on Downtown Miami's history and future. “If you put that in perspective today, we paid about $13/SF for…
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Multifamily Investments: Less Risk, Higher YieldsAs global interest rates plunge and bank yields continue to decline, investors are looking to multifamily assets for greater returns. Lloyd Jones Capital CEO Chris Finlay tells Bisnow that a direct multifamily investment can earn up to 8% in returns with minimal downside risk—a plus considering recent financial market volatility amidst the Brexit fallout. Chris says real estate provides a strong hedge against interest rate changes and inflation. |
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US Banking System Exposed To UK Turmoil Following Brexit
Global markets have had a volatile response to the UK's decision to leave the EU—but the US's Brexit concerns will likely stem from its banking system rather than a decline in economic growth, Goldman Sachs warns. “Financial contagion is a…
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As Q2 Nears Its End, See How the Biggest Office Markets Fared In Q1Though the year began with volatility in the financial markets, strong employment numbers boosted optimism in office, Colliers International reports. Markets continued to strengthen as national vacancy rates declined 10 basis points to 12.6% in Q1. Colliers projects those rates will continue to decline through Q2. Class-A asking rents remained strong in Q1 for both CBD and suburban areas—posting gains of 8.9% to $46.19/SF in CBDs and a 3.7% increase to $28.96/SF in suburbs. |
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Apartments Aren't Oversupplied—People Are Forming Households Later
Developers have been busy over the last few years building an abundance of apartments, which has led to a rise in vacancies. But a shift in household formation will help fill the new supply.People had been waiting until they were older to move out on…
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What A Time To Come To London!
In business, timing is everything. Just as Britain walks away from its relationship with the EU, Bisnow is bringing its one-of-a-kind news and events platform to the UK—starting July 4 (we'll bring the fireworks). Get ready for the chance to rub shoulders with real estate's movers and shakers in the Old Smoke. Hurry up and subscribe to our London newsletter to avoid missing out on Bisnow's (almost) never boring events (launching in Jolly Old this fall) and read about the biggest news in the city. Check out our London page here. Responsible for any of that news? Email Cate Meredith, our UK editor on the ground. For any sales and events inquiries, contact Natascha Bhuiyan.
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