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PROFILEmiami South Florida Real Estate and Lifestyle

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Ades Family Foundation Acquires Miami Shores Site To Build A Private, Non-Profit Jewish Day School

Ades Family Foundation Acquires Miami Shores Site To Build A Private, Non-Profit Jewish Day School

October 21, 2020

The Ades Family Foundation has acquired a 3.9 acre assemblage in an opportunity zone near Miami Shores for $5.3 million. The foundation plans to build a 60,000 square foot private, non-profit, Jewish day school which is anticipated to open in 2023.

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In Acquisitions, Closed, Commercial, Development, Development News, Development Sites, Invest, Investment News, Miami Shores, News, News & Features, Private Equity, Traded, Education Tags Ades Family Foundation, Kawa Capital Management, Daniel Andes, Jamie Rose Maniscalco, Jamie Maniscalco, Apex Capital Realty, News, News & Features, Invest, Investment News, Education, Peroni Family Trust, Sunshine Realty Enterprise, Private Equity, Acquisitions, Closed, Commercial, Development, Development Sites, Development News, Miami Shores, Traded, October 2020
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Clockwise from the top-left corner: James Tate, Demetri Demascus, Shahab Karmely and W. Allen Morris.

Clockwise from the top-left corner: James Tate, Demetri Demascus, Shahab Karmely and W. Allen Morris.

Why Rent Strikes Are Bad for Everyone and What’s Going to be Done about Unemployment?

May 5, 2020

Since thousands of businesses were deemed non-essential and forced to shut their doors, reemployment assistance claims over the last six weeks have surpassed two million in South Florida. With a tourism-dependent economy plus an older population, Florida is more vulnerable to economic shock, which is why it is one of the top five states with the highest number of claims.

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In Affordable Housing, Commercial, COVID-19, Education, Events, Executives, Invest, Investment News, Market Insight, Miami-Dade County, Multifamily, News, Panels, PROFILE Exclusive, Public Health, Residential, Rentals, Restaurants, Retail, Webinar Tags Shahab Karmely, Kar Properties, Jimmy Tate, James Tate, Tate Capital, Allen Morris, Allen Morris Company, Katya Demina, Demetri Demascus, rent strike, landlords, pension fund, life insurance fund, rent control, COVID-19, Coronavirus, coronavirus impact on real estate, Featured
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Rewind: Michael T. Fay Tom Wood and Jacques Bessoudo Discuss COVID-19 Impact On Commercial Real Estate in South Florida Webinar

April 14, 2020

On April 3, 2020, PROFILEmiami hosted a webinar conversation around the impact that COVID-19 has, and will have, on the commercial real estate industry in South Florida. If you missed us live, or just want to revisit some of the insight our panelists had to offer, we have now posted the full webinar for you to sit back and rewind!

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In Agent Insight, Brokerage, Commercial, Construction, Construction Update, Education, Finance & Banking, Hospitality, Invest, Leasing, Leasing Update, Market Insight, Private Equity, Public Health, Webinar, Rewind Tags Avison Young, Michael T. Fay, Thomas D. Wood Jr., Jacques Bessoudo, Galium Capital, COVID-19, Coronavirus, Featured, Rewind, Webinar, COVID-19 Impact on Commercial Real Estate in South Florida
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PROFILEmiami%252BCOVID-19%252BImpact%252Bon%252BCommercial%252BReal%252BEstate%252Bin%252BSouth%252BFlorida%252BWebinar.jpg

Join Us For a Webinar: COVID-19 Impact On Commercial Real Estate in South Florida

March 30, 2020

PROFILEmiami presents a conversation around the impact that COVID-19 has, and will have, on the commercial real estate industry in South Florida. Hear first hand from some of Florida's leading real estate professionals about how they are reacting to the crisis, navigating the uncertain circumstances and preparing for future opportunities that may arise from the economic fallout.

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In Agent Insight, Brokerage, Commercial, Construction, Construction Update, Education, Finance & Banking, Hospitality, Invest, Leasing, Leasing Update, Market Insight, Private Equity, Public Health Tags Avison Young, Michael T. Fay, Thomas D. Wood Jr., Jacques Bessoudo, Galium Capital, COVID-19, Coronavirus, Featured
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Beaches in Miami-Dade County have been closed.

Beaches in Miami-Dade County have been closed.

Tracking COVID-19 By The Numbers: Breaking News In South Florida

March 27, 2020

(Last Updated 6:14 AM 3/27/2020):

BREAKING: 

  • City of Miami officials have announced a curfew for its residents that will begin Friday night. According to officials, all residents must be indoors from 10 p.m. until 5 a.m. (3/27/2020)

  • Miami-Dade County and the City of Miami Beach have ordered all hotels, motels and short-term rentals to begin immediately shutting down and vacate their guests, with full-closure by 11:59 PM on Monday, March 23. (3/21/2020)

  • Miami-Dade Mayor Issues Executive Order Closing All Non-Essential Business 9 PM Thursday. (3/20/2020)

  • All U.S. Citizens traveling around the world should return home ASAP or be prepared to stay abroad for an indefinite period. (3/19/2020)

Continue to check back for updates to below as we continue to track COVID-19 across South Florida:  

Stats:

  • Number of Cases in Florida: 830+ (3/23/2020)

  • Fatalities in Florida: 13+ (3/23/2020)

  • Number of Global Cases: 351,000+ (3/23/2020)

  • Global Fatalities: 15,321+ (3/23/2020)

  • Number of U.S. Cases: 35,075+ (3/23/2020)

  • Fatalities in the U.S.: 458+ (3/23/2020)

Miami-Dade County:

  • Miami-Dade County # Cases: 2900+ (3/27/2020)

  • BREAKING: Miami-Dade County and the City of Miami Beach have ordered all hotels, motels and short-term rentals to begin immediately shutting down and vacate their guests, with full-closure by 11:59 PM on Monday, March 23. (3/21/2020)

  • BREAKING: Miami-Dade Mayor Issues Executive Order Closing All Non-Essential Business (3/20/2020)

  • CONFIRMED CASES IN BRISTOL TOWER BRICKELL & SOHO BEACH HOUSE (3/19/2020)

  • Officials have ordered the closure of all restaurants, bars, movie theaters, concert houses, auditoriums, playhouses, clubs, gyms, arcades, bowling alleys, etc. which will go into effect 11 PM Tuesday. All grocery stores, pharmacies, take-out and delivery services will remain open at this time (3/17/2020)

    • All bars and nightclubs will be closed for 30 days.

    • Restaurants will only be able to operate at half capacity.

    • Exceptions granted if they have a capacity of 10 people or less.

    • Mayor Carlos Jimenez signed the emergency order, but remains in self-quarantine after being exposed to a Brazilian government official who tested positive following a visit to South Florida.

  • Miami-Dade Public Schools are now closed through at least April 15. (3/19/2020)

    • Miami-Dade Public Schools have closed this week and next. (3/16/2020)

  • Key Biscayne and North Miami Beach have implemented curfew between 10 PM and 5 AM (3/19/2020)

  • Officials have closed the beach from 5th to 15th Street, including Lummus Park.

  • All city parking garages are closed to non-residents.

  • In addition, all non-essential retail stores will be required to close at 10 p.m. daily. (3/16/2020)

    • Businesses excluded from this directive include: Pharmacies, grocery stores, convenience stores, private offices, banks, hotels, hospitals, medical service providers, medical supply stores, hardware stores, gasoline service stations and automotive supply and repair centers.

  • An entertainment district curfew will go into effect at 11 p.m.

  • All restaurants are asked to keep occupancy at 50% or less, and have under 250 people in each establishment at any given time.

  • Ultra Music Festival has been cancelled.

  • Miami Music Week has been cancelled.

  • ArtScape Concert has been cancelled.

  • The Miami Open Tennis Tournament has been cancelled. 

  • University of Miami & FIU have moved classes online until the end of the spring semester. (3/20/2020)

  • University of Miami Spring Commencement postponed until December. (3/20/2020)

  • The Hardrock Seminole Hotel & Casino has suspended entertainment operations. 

  • Calle Ocho Festival has been cancelled.

  • Mayor Francis Suarez has confirmed that he has COVID-19.

Broward County:

  • Broward County # Cases: 180+ (3/23/2020)

  • Broward County Public Schools are now closed through at least April 15. (3/19/2020)

  • Officials have closed the beach from Harbor Beach to Oakland Park Boulevard.

  • Restaurants and bars must close by 10 p.m.

  • Restaurants and bars are asked to operate at 50% capacity and have no more than 250 people at any time.

  • The Tortuga Music Festival, which was set to run from April 17-19, has been postponed.

  • The Wharf Fort Lauderdale is closed until further notice.

  • The listed measures will remain in effect until April 12.

Palm Beach County:

  • Palm Beach County # Cases: 59+ (3/23/2020)

  • Town of Palm Beach implements curfew until further notice from 9 P.M. - 6 A.M. (3/18/2020)

  • Palm Beach County Public Schools are now closed through at least April 15. (3/19/2020)

  • Beaches will be closed on Tuesday 3/17/2020

  • Nursing Homes and Assisted Living Facilities are closed to visitors.

  • Drive-through testing underway at FoundCare (2330 S. Congress Ave, West Palm Beach - call 561-967-0365 to see if you qualify and for appointments)

National:

  • BREAKING: The Federal Government has passed a $2.2 trillion stimulus package.

  • United States of America # Cases: 35,075+ (3/23/2020)

  • United States of America Fatalities: 458+ (3/23/2020)

  • Income tax filing deadline moved to July 15 (3/20/2020)

  • Foreclosures and HUD evictions have been halted for 60 days.

  • CDC recommends ban on gatherings of 10+ people. 

  • The Players Championship was cancelled & PGA Tour is suspended.

  • NBA, NHL, MLB and MLS have suspended their seasons. 

  • All ski resorts have closed.

In Affordable Housing, Brickell, Closed, Commercial, Community, Construction, Construction News, Downtown, Education, Fort Lauderdale, Hospitality, Hotels, Key Biscayne, Market Report, Miami Beach, Miami-Dade County, Multifamily, N Miami Beach/ Aventura, New Construction, News, North Miami, Palm Beach, Palm Beach County, PortMiami, Public Health, PSA, Restaurants, Retail, Senior Living, South Beach, Travel Tags COVID-19, COVID19, Coronavirus, Mayor Carlos Jimenez, Mayor Francis Suarez, Featured
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Steve Witkoff and Matthew Cherwin.

Steve Witkoff and Matthew Cherwin.

UNIVERSITY OF MIAMI HOSTS ITS NINTH ANNUAL REAL ESTATE IMPACT CONFERENCE

March 8, 2020

On Friday, February 28th, the University of Miami School of Architecture hosted its ninth annual Real Estate Impact Conference, which brought together board members, students, faculty, distinguished alumni and real estate professionals. The invitation-only conference was hosted at the Four Seasons Hotel in Brickell with support from presenting sponsors Douglas Elliman Real Estate, Kislak, and Witkoff. 

More than 650 University of Miami students and alumni, including many South Florida commercial real estate and finance professionals, discussed both threats and opportunities in the market at the multidisciplinary conference.

“Bringing together faculty and students from our schools of architecture, business and law is an important step in tackling today’s complex problems,” said University of Miami President Julio Frenk. “This conference is an excellent example, because real estate is essential to Miami’s economy with an impact around the world.”

Anthony Graziano and President Julio Frenk.

Anthony Graziano and President Julio Frenk.

In addition to panel discussions and networking sessions, there were several special programs available to MRED+U, MBA, MSF and Law School students throughout the day. One of the benefits of membership on the University of Miami Real Estate Advisory Boards, which consist of over 100 prominent real estate professionals, is personal contact with the best and brightest students. Advice With Impact was an intimate, morning networking session which was attended by students and sponsors such as IBERIABANK, Plaza Construction, CBRE and Whitman Family Development. 

Katya Demina, Tom Murphy and Alana Fernandez.

Katya Demina, Tom Murphy and Alana Fernandez.

University of Miami students were also invited to apply for the premier networking opportunity of the school year: the Swire Scholar Luncheon. Scholars received complimentary registration ($300 value) to attend the conference and participated in a private luncheon with advisory board members from the Architecture, Business and Law schools. David Martin, vice president of retail at Swire Properties, welcomed UM’s Swire Scholar students to the opening luncheon, where they had an opportunity to discuss their studies and career plans with UM’s Real Estate Advisory Board members.

For MBA student Jack Shelgren, the Swire Scholars luncheon provided valuable learning and networking opportunities. “As an intern, I did research and financial analysis, learning about multifamily, office and retail asset types,” he said. “Now, I’m an associate at Freeman Property Group, gaining an entrepreneurial perspective, while working on acquisitions for our clients.”

MRED+U students Nick Nicola and Tanya Rivera with Jackie Touzet.

MRED+U students Nick Nicola and Tanya Rivera with Jackie Touzet.

In the afternoon, top executives from JP Morgan Chase, Ventas and Hines took the stage and provided valuable insight on today’s real estate market. They commented that hospitality services are playing an increasingly important role throughout the commercial real estate market, as employers seek to recruit and retain talented workers. Another emerging trend is the growing demand for medical office properties and senior housing driven by the aging of the U.S. population. Without question, the global spread of the novel coronavirus COVID-19 poses a threat to global real estate markets, according to Matthew Cherwin, treasurer and chief investment officer of JP Morgan Chase. 

The school also highlighted its Research Initiative, which was introduced in 2018 by Dr. Charles Bohl, Director of the Master in Real Estate Development + Urbanism (MRED+U) Program. “Both the University of Miami and our Real Estate Advisory Boards have made Resiliency a top research priority of immense relevance to South Florida and coastal communities around the world. It is through joint research initiatives like this that our students, faculty and researchers can help us address the big, challenging issues of our day, including the adaptation and development of more resilient buildings, infrastructure and communities,” said Bohl. Professor Mark Troen and students from the MRED+U program presented this year’s findings on stage. 

The 2020 Impact Conference Organizing Committee consists of Andrea Heuson, Charles Bohl, Manuel de Zarraga, Nitin Motwani, Alfonso Munk and Steve Witkoff. Nitin Motwani, Managing Principal of Miami Worldcenter and Chair of the MRED+U Advisory Board, closed the standing-room-only conference by reminding participants that, “The University of Miami Real Estate Impact Conference supports all real estate education at the University, which has become an interdisciplinary powerhouse that blends real estate programs in finance, development, and law with construction management, architecture and engineering.” 

AllPanelist 2.jpg
In Brickell, Commercial, Community, Education, Events, News Tags University of Miami, Impact Conference, Julio Frenk, Anthony Graziano, MRED+U, Tom Murphy, David Martin, Swire Properties, Freeman Property Group, Jackie Touzet, Matthew Cherwin, Charles Bohl, Nitin Motwani
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Event Announcement: People to Watch Leaders in South Florida Real Estate

February 5, 2020

PROFILEmiami, South Florida’s leading real estate news and events platform, is pleased to present People To Watch: Leaders in South Florida Real Estate for a night of networking, drinks and panel discussions with South Florida’s up-and-coming generation of real estate luminaries.

Commercial real estate is demanding, determined by a variety of external factors, and is a relationship-oriented business, so join us to learn firsthand from South Florida’s real estate leaders about how they are shaping the industry, what innovative strategies they’re employing and how they got to where they are today. We hope to engage, inspire and connect the next generation of real estate leaders. Lock in early bird pricing and get your tickets today!

Panelists:

Ryan Shear, Managing Partner, PMG

Peggy Olin, CEO, One World Properties

Joe Furst, Principal, Place Projects

Moderator: Philip C. Rosen, Shareholder, Becker

We will be exploring topics such as:

  • What new projects are emerging real estate leaders working on? ( Exclusive Special Announcement from one of our Panelists)

  • How did they get to where they are and what was their first significant project?

  • What industry trends or concerns are top of mind today?

  • How will the South Florida CRE landscape change over the next cycle?

  • What is the best way to position yourself for success?

  • Plus time for Q&A from the audience

Event Page: http://profilemiamire.com/profilemiami-presents-people-to-watch-leaders-in-south-florida-real-estate-x-miami

Date: Thursday, March 5th | 7-9:30pm

Location: X Miami, common area upstairs

About PROFILEmiami:

PROFILEmiami, a subsidiary of PROFILEmedia, was launched in 2016 to be your one stop destination for South Florida real estate news, events and content. We provide original coverage of the residential, commercial, development, construction, design and brokerage worlds, with a focus on the latest new developments, market trends, local happenings and events, and luxury homes.

In addition to the online publication, PROFILEmiami also hosts industry events, bringing together the top real estate professionals in South Florida to engage, connect and educate our readers. We curate an all-star lineup of panelists, in addition to providing turn-key event production and execution, concept development and vendor securement for our partners. At PROFILEmiami we collaborate with some of the most influential players in the South Florida real estate industry to keep you on the market’s cutting edge.

PROFILEmiamire.com

@profilemiami

In Construction Update, Construction, Education, Events, Investment News, Luxury Real Estate, Market Insight, New Construction, News Tags Featured, Ryan Shear, Peggy Olin, Peggy Fucci, Joe Furst, PMG, One World Properties, Place Projects
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New Renderings Revealed For Naeem Khan Studios, The Designers New Headquarters & Fashion School On The Miami River

New Renderings Revealed For Naeem Khan Studios, The Designers New Headquarters & Fashion School On The Miami River

March 27, 2019

New York designer Naeem Khan, a celebrity designer who has dressed Beyoncé, Michelle Obama and Kate Middleton, has officially proposed Naeem Khan Studios as he plans to move his headquarters to Miami in conjunction with a high school dedicated for students to study fashion.

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In Commercial, Design, Education, Little Havana, New Construction, News, Office Space Tags Commercial, Naeem Khan Studios, Naeem Khan, 1175 NW S River Drive, 1175 Northwest South River Drive, Little Havana, News, New Construction, Design, Design Update, Office Space, Education, Miami River Commission, Urban Infill and Greenways Subcommittee of the Miami River Commission, Alfonso Jurado Architecture, Design and Architecture Senior High
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Ransom Everglades School Breaks Ground On Perkins+Will-Designed STEM Center

Ransom Everglades School Breaks Ground On Perkins+Will-Designed STEM Center

December 22, 2018

Ransom Everglades School has broken ground on their new three-story STEM Center designed by Perkins+Will. The new 45,000 SF building will feature 10 flexible classrooms, fabrication and maker labs, a rooftop outdoor lab, solar technology, a reconfigurable multi-purpose conference and a 200 person auditorium.

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In Commercial, Construction, Construction News, Construction Update, Coconut Grove, Education, New Construction, News Tags Ransom Everglades, Ransom Everglades School, Education, Perkins+Will, Perkins + Will, STEM Center, Coconut Grove, Construction, Construction News, Construction Update, Groundbreaking, Commercial, New Construction, News
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Investment Spotlight: Reinvigorating Miami’s Real Estate Investment with Opportunity Zones

Investment Spotlight: Reinvigorating Miami’s Real Estate with Opportunity Zones

September 19, 2018

The opportunity zone program is a little-known provision of the Tax Cuts and Jobs Act that could be a powerful economic development tool for designated low-income communities. The program provides tax incentives to developers who invest in these areas, including 427 tracts of land in Florida, 68 of which are in Miami-Dade County.

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In Agent Insight, Broward, Commercial, Community, Education, Finance & Banking, Legal, Little Haiti, Little Havana, Little River, Market Insight Tags opportunity zone, Tax Cuts and Jobs Act, opportunity fund, community investment, economic development program, Germaine Smith-Baugh, Urban League, tax incentives, Featured, Katya Demina
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