As commercial real estate markets across the U.S. cope with rising costs and slowing demand, Florida has been a rare bright spot. The Sunshine State has welcomed a record number of people and businesses in recent years, and...more
12/6/2023
/ Commercial Real Estate Contracts ,
Community Development ,
Condominiums ,
Construction Project ,
Florida ,
Infrastructure ,
Lenders ,
Neighborhood Revitalization ,
Real Estate Development ,
Redevelopment ,
State and Local Government ,
Urban Planning & Development
Estimates suggest that 1,000 people are moving to Florida each day, with most of them heading to South Florida. For developers and investors lured by the meteoric growth and favorable business conditions, it’s crucial to...more
2/7/2022
/ Construction Disputes ,
Construction Industry ,
Construction Project ,
Environmental Policies ,
Financing ,
Florida ,
Foreign Investment ,
Infrastructure ,
Investment Opportunities ,
Joint Venture ,
Miami ,
Project Finance ,
Public Private Partnerships (P3s) ,
Real Estate Development ,
Urban Planning & Development
In this edition of Coronavirus Q&A, Bilzin Sumberg's real estate leader discussed the current challenges that hotel owners face and the rocky road ahead for that sector.
Originally Published in Law360 - August 2020....more
8/21/2020
/ Business Interruption ,
CARES Act ,
CMBS ,
Contract Terms ,
Coronavirus/COVID-19 ,
Emergency Management Plans ,
Force Majeure Clause ,
Hospitality Industry ,
Hotels ,
Infectious Diseases ,
Loans ,
Paycheck Protection Program (PPP) ,
Underwriting
As Super Bowl fans arrive in the Miami area, final preparations are underway from Hard Rock Stadium to Bayfront Park to the Miami Beach Convention Center, and everywhere in between. But it’s the progress over the past decade...more
1/31/2020
/ Airlines ,
Community Development ,
Events ,
Florida ,
Hospitality Industry ,
Hotels ,
Infrastructure ,
Miami ,
Public Transit ,
Real Estate Development ,
State and Local Government ,
Super Bowl ,
Surface Transportation ,
Tourism ,
Travel Ban ,
Urban Planning & Development
Bilzin Sumberg is pleased to share the results of the 2019 South Florida Opportunity Zone Survey and subsequent Forum that we co-hosted with Urban Land Institute Southeast Florida/Caribbean (ULI SE FL/Caribbean) on June 5,...more
The 2016 political season has kicked into high gear, sparking lively discussions about major issues affecting the country. Two of the most significant issues being debated among the candidates are the economy and immigration....more
9/17/2015
/ Affordable Housing ,
Construction Industry ,
Department of Homeland Security (DHS) ,
EB-5 ,
Foreign Investment ,
Green Cards ,
Immigrant Investor Program ,
Immigration Reform ,
Job Creation ,
Popular ,
Real Estate Development ,
Visas ,
Work Visas
En nuestro blog Nuevo Miami solemos destacar el rol que cumple Miami como uno de los mercados que marca tendencia para el sector hotelero. Durante los últimos años, Miami fue un popular punto de partida para marcas lujosas,...more
8/3/2015
/ AirBnB ,
Commercial Real Estate Market ,
Construction Industry ,
Hilton ,
Hospitality Industry ,
Hotels ,
Investors ,
Marriott ,
Miami ,
Real Estate Development ,
Wall Street Journal ,
Wyndham
On our New Miami blog we often talk about Miami’s role as a trendsetting market for the hospitality industry. Over the last few years, Miami has been a popular launching point for luxury brands, such as The Thompson Miami...more
The University of Miami held its fourth annual Real Estate Impact Conference on February 18th at the JW Marriott Marquis Miami in Downtown Miami. In front of a standing room only crowd of approximately 600 people, both local...more
Last week more than 75,000 art aficionados and celebrities from around the globe descended upon Miami for the 2014 edition of Art Basel Miami Beach. What began in 2002 as a winter outpost of the original Art Basel in Basel,...more
Recently Arden Karson, a Senior Vice President of The Related Group’s Acquisitions, Distressed Debt and Strategic Opportunities Division and the Project Manager for Brickell Heights Condominium, spoke about the latest...more
MIAMI—Suzanne M. Amaducci-Adams, partner with Bilzin Sumberg Baena Price & Axelrod and leads the firm's hospitality group, has her finger on the pulse of hotel deals happening in Miami and Miami Beach’s hot hospitality...more
MIAMI—It’s no secret that New Yorkers are among the most active investors in Miami Beach hotels. What’s the connection? And why are boutique hotels suddenly so hot?
Originally Published on GlobeSt.com - April 18, 2014....more
Suzanne M. Amaducci-Adams is a partner at Bilzin Sumberg Baena Price & Axelrod LLP's Miami office, where she leads the firm's hospitality group. She handles all aspects of commercial real estate and finance transactions,...more
Renowned economist Hugh F. Kelly, Ph.D., CRE, who is also the national chair of The Counselors of Real Estate, led a discussion at a CREW-Miami luncheon about the top five issues affecting the commercial real estate market in...more
Positive Outlook for Commercial Real Estate Finance Market -
While attending the annual CRE Finance Council (CREFC) conference in Miami on January 13-15, it was clear the overall mood from attendees was positive about...more
Attracting International Travelers -
The economic outlook for the Miami hotel market continues to be positive for 2014. Many expect strong demand and continued growth in the hospitality sector due to increasing numbers...more
South Florida’s residential market is strengthening at fast, consistent rates making the prospects for the future seem bright this holiday season.
During the over-leveraged, overbuilt times of 2008, most believed South...more
As Suzanne Amaducci-Adams wrote in a previous blog post, the average daily occupancy rate, average daily room rate (ADR) and revenue per available room (RevPAR) numbers for Miami each had a significant increase for the first...more
Andrew Cohan, Vice President of HVS Miami, a hospitality driven mixed-use real estate consulting and valuation firm, recently co-authored his firm’s Autumn 2013 Florida Newsletter entitled “Miami’s Leap to Global Gateway...more
CBRE Hotels, one of the hospitality industry’s leading full-service real estate groups, recently published its Summer 2013 report on the latest hospitality trends in Miami....more
Warm weather and great events seemed to lure visitors this spring as Miami ranked #1 in March among the top 25 markets nationally for Average Daily Rate (ADR) at $238.12, Revenue Per Available Hotel Room (REV PAR) at $212.20...more
Jumbo loans (loans above conforming loan limit of $417,000 in Miami-Dade and Broward Counties) increased by 31% year-over-year in 2011 to 3,782 jumbo loans originated in South Florida. ...more
The Miami hotel market continues to be one of the most active hotel markets in the country....more
If you have been following us here on the New Miami Blog, you know
(i) the hotel market in Miami is seemingly getting hotter every month and
(ii) Miami is one of the most active hotel investment markets in the...more