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Investors soaring high on the “Trump bump” pushed the Dow Jones industrial average across the 20,000 threshold in the fastest thousand-point gain in the index’s history. Here’s how this milestone will impact the commercial property industry going forward. 1. Strong Real Estate Drivers Investor confidence in President Donald Trump’s anticipated...
Royal Caribbean Cruises Ltd. posted record earnings in 2016, buoyed in part by higher ticket prices, increased onboard spending and cost savings, the cruise company said Thursday. The Miami-based cruise operator generated net income or profit of $1.28 billion or $5.93 a share, versus $665.8 million, or $3.02 a share in 2015. Revenue climbed to $8.5 billion in...
Despite efforts by Miami brokerages to establish divisions targeting Chinese investors, agents fluent in Mandarin and Cantonese and who understand the culture are still hard to come by, according to real estate professionals specializing in the Asian market. Addressing a roomful of peers at the Trump National Doral Country Club, ISG International broker Nina...
A $100 million gift to the University of Miami by Dr. Phillip Frost, South Florida billionaire and CEO of biotechnology firm Opko Health (Nasdaq: OPK), will be used to create the Frost Institute for Science and Engineering. The institute will work to help solve some of the world’s “most pressing problems” by elevating STEM — science, technology, engineering and...
American Express has completed its 400,000-square-foot operations center in Sunrise, where plans to employ 3,000 people. American Express will employ 3,000 people at its new Sunrise office. The massive building at 1500 N.W. 136th Avenue is 888 feet long and is situated on a 40-acre site where 675 trees were planted and a lake was dug. Suzanne Heidelberger,...
Miami International Airport in 2016 broke its all-time record for number of passengers, with 44.6 million travelers passing through its terminals last year. That’s an increase of 234,000 passengers over 2015, the airport said Monday. It’s the seventh consecutive year that MIA has broken its own record for its total number of travelers....
