miami beach: Update #2 -US Streamlines Visas forChinese and Brazilian Visitors - 01/23/12 11:48 AM
======================================================================             Update # 2      Jan 23,2012======================================================================
It was reported today in the Miami Herald  , that the president's past actions in streamlining visas from Brazil had accounted for a record where  in 2010 Brazilians became the first billion-dollar touristmarket for the Miami area.During that same year the number of Brazilians visitors to South Florida was about 850,000.With the latest concentrated streamlining measures taken it is expected all past recordswill be surpassed by healthy percentages .
 
======================================================================                Update #1  Jan 22,2012======================================================================
 
The White House announced another 50 people will be employed by the US Embassy in Beijing as well as in the … (0 comments)

miami beach: South Florida Journal Broadcasting"New Highs in Real Estate" - 12/30/11 05:16 PM
While my previous blog brought out the fact that one  ecomomic adviser is predicting a 50% drop of real estate value in the next decade , yesterday the South Florida Business Journal was stating "New highs in real estate prices appear to be coming at a frenzied pace." Of course they were referring to top of the line condo projects in the most desirable locations in South Beach ,Florida .They referenced  a 6,209-sf  penthouse  at the Setai Resort and Residences on Collins Avenue and 20th Street in Miami Beach earlier this month that sold for  $21.5 million. The price per square foot was approximately … (0 comments)

miami beach: ART BASEL MIAMI BEACH - A 10 Year Overview of it's economic impact in Greater Miami - 12/02/11 08:51 AM
In it's November 28th  (2011) issue , the Business Section of the Miami Herald depicts significant statistics including bar graphs and other charts of it's impact both artistically as well as economically.It is no secret that major players in the real estate industry have been courting the high end art world for decades in order to match luxury properties for art enthusiasts as they invest in fine art works ,as can be found at the Art Basel Miami venue.Except for years 2007 and 2008 , the number of "satelite scenes"-local art fairs at the same time ,went from  1 in 2002 … (0 comments)

miami beach: New Condo Towers Coming to Miami Beach and Downtown Miami - 12/01/11 02:13 PM
Condo Vultures LLC , Bal Harbor , Florida lastest report indicates more condo towers are being planned for Miami Beach and Downtown Miami markets.They emphasize that with the 3 latest condo tower announcements developers are proposing to construct a combined 20 towers with more than 4000 units east  of Interstate 95 in the counties of Miami-Dade ,Broward , and Palm Beach .It's anybodys guess which projects will actually be built and which will not.One thing is certain ,more and more national and international investment monies are being pegged for these destinations.
Considering conventional financing has just about dried up ,these private … (0 comments)

miami beach: Florida Realtors hosts 2012 real estate & economic forecast event - 12/01/11 07:17 AM
Florida Realtors hosts 2012 real estate & economic forecast event
  ORLANDO, Fla. – Dec. 1, 2011 – The real estate market plays a vital role in Florida’s economy, and figuring out what may lie ahead in 2012 is a key question for policymakers, residents and Realtors alike.Several nationally known economists will share their insights on the state’s real estate market and economy during Florida Realtors® 2012 Real Estate and Economic Forecast Conference on Dec. 6, 8:30 a.m. to noon. The conference takes place at Florida Realtors headquarters, 7025 Augusta National Drive, Orlando, FL 32822.“Florida Realtors is bringing together expert economic … (2 comments)

miami beach: UF: Fla.’s consumer confidence unchanged - 11/30/11 01:29 PM
UF: Fla.’s consumer confidence unchanged
  GAINESVILLE, Fla. – Nov. 30, 2011 – The consumer confidence index among Floridians remained at 65 in November, a ranking that matches a revised mark set in October and is six points higher than the record low of 59 set in June 2008.The index used by University of Florida researchers is benchmarked to 1966, which means a value of 100 represents the same level of confidence for that year. The lowest index possible is a 2; the highest is 150.The November survey reveals a mixture of positive and negative perceptions.“Consumers are slightly less optimistic about … (0 comments)

miami beach: GOODBYE ROME……………….HELLO BUENOS AIRES !!! With Gratitude from Miami Beach ,Florida - 11/27/11 08:37 AM
GOODBYE  ROME……………….HELLO BUENOS AIRES !!!
In the past week a symbolic event occurred at the development  site in the 3200 block of Collins Avenue, Miami Beach ,signaling the new rise   of that stalled development in the past few years to not only a revitalizing of the proposed project ,but an expansion of it’s scope to include adjacent properties , that will include retail ,commercial and parking facilities.So, the design of the fence around the project has changed from Italian gondolas to Argentine art design from the  well known artist ,Philllipe Bemberg . (see photo). 
The world famous designer, Sir Norman … (0 comments)

miami beach: Future Canadian Retirees Buy Now...& Miami is the Favorite Destination - 11/25/11 07:51 AM
 Two major economic  changes have occurred in the past few yearsthat have changed the landscape of how future Canadian retirees ,think about,plan , and act on how ,where and when they will retire . they are:
        (1) Since 2010 the Canadian Dollar has risen more than 35 %             against the American Dollar ,prompting retirees to invest             now in the US to take advantage of the extraordinary             currency exchange rates.
       (2) South Florida's heavy discounted property prices the lowest            in many years would probably not be available when they            plan to retire.
These future retirees who are investing now are being … (0 comments)

 
Michael Correra (Piquet Realty)

Michael Correra

Brickell, FL

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