New Condo Boom in Miami

In Miami, A New Condo Boom Revives Hopes Of Housing Recovery : NPR: "Once again, much of downtown Miami is filled with construction equipment and workers. At the Brickell CityCentre project, excavators, augers, dump trucks and bulldozers are at work on a nine-acre site. It's the largest construction project under way in Florida. It's a mixed-use project that will include offices, retail space and at least two residential towers. Just blocks away, cranes are at work raising two other new residential projects. It's a remarkable comeback for developers and the construction industry in Miami, and there's one simple explanation: "Miami never lost its international appeal," says Stephen Owens, president of Swire, the developer working on the CityCentre project. Like most developers, Swire got some bruises when the last condo boom crashed. When the music stopped in 2008, there were 22,000 residential units for sale in Miami — an oversupply, Owens says, that many thought would last for decades. "And here we are," he says, "there are about 1,200 units of that original 22,000 that remain unsold. That says so much about the market.""

The Angler's Resort: A Boutique Oasis Among Miami's Trendy South Beach ...
I like being close to the action, taking in all the colorful sights and sounds that put South Beach on the map. I was pleasantly surpirsed, however, to discover the calm and serene luxury resort on Washington Avenue just one block in from the beach ...


Netz Group buys HSBC Miami Beach HQ
Netz Group Ltd. (TASE:NETZ) has bought the Miami Beach office of HSBC Holding plc (LSE: HSBA; HKSE: 005; NYSE, Paris: HBC) for $15.1 million. The 37,000-square foot six-storey building is leased to 15 tenants, anchored by HSBC Bank USA.

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