Among the highlights of the latest Elliman Report covering the first quarter of 2017, authored by Jonathan Miller (@JonathanMiller) of Miller Samuel, is the fact the overall housing market in Miami is becoming more stable, both on the coastal mainland and the beach. “Miami sellers travelled further to meet the buyers on price as they became more in sync with...
Six quick facts about the economic impact of PortMiami
PortMiami’s economic impact reaches far beyond South Florida, a recently released study shows. Port officials tapped Martin Associates, a consulting firm, to conduct an economic impact study as the port undergoes significant improvements and adds more space for cargo and cruise ships. It shows the port is a major income generator and creates more than $1...
Investors, Lenders More Optimistic About Real Estate
The Trump administration has boosted confidence in the nation’s commercial real estate sector, according to an Akerman survey. Over half of the 200 investors and lenders surveyed by the Miami-based law firm said they feel optimistic about the future of commercial real estate in 2017 compared with only 38 percent last year. Results are in: Confidence is...
Gridics, Provider Of Property Analysis Tool, Closes $1.1M Seed Funding Round
Gridics, the provider of a collaborative search tool for real estate agents and their clients, has clinched $1.1 million in a seed funding round, and has unveiled a new application designed to streamline the development planning and approval process. The Miami-based startup wants to combine disparate real estate data into software that helps users make better...
PortMiami traffic with Asia rises 11%
PortMiami, which was dredged to 50 feet last year in anticipation of a widened Panama Canal, can now welcome up to six Post-Panamax vessels a week, which has translated into an uptick in the port’s cargo business side of operations. Asian service and volumes rose 11% in 2016 alone, said Assistant Port Director Kevin Lynskey. The composition of Asian cargo...