Friday's Afternoon Update
What you need to know about Florida today
Long-Term Trends in Economy More Worrisome Than Sudden Crash
A growing genre of research suggests that the weakness of the American economy is caused largely by problems that predate the recession — and that the Federal Reserve can’t remedy them with low interest rates. More at the New York Times.
In Florida, Return of the Condo-Hotel?
A luxury hotel operator is trying to revive a failed condo-hotel project in Fort Lauderdale, hoping that a formula that faded during the economic downturn can make a comeback. More at the Wall Street Journal.
Miami realtors group taking trip to China to lure Chinese buyers
Why Are There So Many Sinkholes in Florida?
One technology that could help: a new remote sensor from NASA to predict sinkhole formations.
The Miami Association of Realtors is organizing a trip to China this October to coincide with the industry show OPPLive China set for Oct. 23-24 in Beijing. The visit is coordinated with the Overseas Property Professional Group or OPP Group, which provides news, data, connections and events for professionals in residential real-estate across borders. More at World City.
E-commerce helps Orlando's industrial space market
Online commerce is helping to revive Orlando's industrial real-estate market, which is poised to get about a million square feet of new space during the next year. "We're feeling the market coming back," said Steven McCraney, president of McCraney Property Co. More at the Orlando Sentinel.
St. Petersburg Museum of History now accepting Bitcoin
In a move that seems a little forward-looking for a place that's all about the past, the Museum of History announced this week that it would become the first in the state to accept Bitcoin. The online currency was created in 2009 and operates outside traditional banks. More at the Tampa Bay Times.
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