September 22, 2023
Miami-Dade
Jet Set
Pan Am airlines launched Miami's commercial aviation industry nearly a century ago. Now, its former headquarters is being turned into a luxury terminal for travelers looking to avoid crowded terminals and security lines.
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Published on 8/18/2023
Island Plan Revival
After more than 20 years of stalled development, a planned project on Watson Island — a publicly owned enclave between downtown Miami and South Beach — is in the hands of developers known for making big projects happen. In a joint venture, BH3 Management and Merrimac Ventures purchased the 75-year ground lease for the vacant 10.8-acre parcel on the island from Flagstone Property Group.
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Published on 7/31/2023
Key Deals
In adjacent deals, Integra Investments and Key International bought the Perry Hotel & Marina on Stock Island at Key West. Formerly known as Stock Island Marina Village, the site is five miles from historic Old Town.
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Published on 6/28/2023
Just in Time Tech Boost
The company behind a project formerly known only as Confidential Project Xray is global IT management and security software giant Kaseya, which is expanding its Miami global headquarters and pledges to create 3,400 jobs paying an average of $107,000.
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Published on 5/25/2023
Miami Grand Prix
For at least the next nine years, Hard Rock Stadium and its environs — also known as the Miami International Autodrome — will host a Formula 1 race, one of 23 that make up the circuit's championship. Tyler Epp, the event's president, says the goal is to ensure “Miami will be one of the must-attend races on the Formula 1 calendar for the next decade.”
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Published on 5/8/2023
MIA Taxis into the Lead
Miami International Airport set a record for passenger traffic in 2022, crossing the 50 million threshold for the first time and surpassing Orlando International's total.
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Published on 4/21/2023
Promoting Ownership
Small businesses are the “heartbeat” of South Florida's economy, and their soul is cultural diversity, says Brittany Morgan, economic resilience director at the Miami Foundation, which has chosen to promote asset ownership with a $20-million gift from Wells Fargo's Open For Business program.
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Published on 3/15/2023
Prime Location: Miami
“Miami has arrived as a gateway primary market,” says New York-based Lauren Hochfelder, co-CEO of Morgan Stanley Real Estate Investing and its $55-billion portfolio. Speaking at the Urban Land Institute's Florida Summit in Miami in December, she also said Miami's Class A trophy office buildings are drawing interest because office utilization — an indication of how many people have returned to their pre-COVID workplaces and a reflection of office market health — is about 80% to 86% in Miami but only half that in New York and San Francisco.
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Published on 2/15/2023
Miami's economic forecast for 2023
“Insurance is always front of mind for Florida owners and investors. Rising construction costs and pricing for properties has led to a dramatic increase in required total insurable value. Coupled with recent claims, this results in a difficult insurance market with little visibility for owners and buyers into future expected insurance premiums. Stability in this market will be crucial to keep transactions moving smoothly in Miami.”
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Published on 1/1/2023
Emergency Ventures app helps get critical information out during natural disasters to those without cell service
Emergency Ventures, a web and mobile app that connects citizens, volunteers and emergency managers during natural disasters when there's no internet or cell service, was launched to help recovery efforts during Hurricane Ian in Southwest Florida. It uses cached data from hundreds of services and bluetooth links.
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Published on 12/30/2022
Miami-based Doroni Aerospace is developing an eVTOL flying car
Miami-based electric vehicle takeoff and landing (eVTOL) company Doroni Aerospace is developing an eVTOL flying car.
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Published on 11/23/2022
Miami unveils collection of nearly 5,000 NFTs designed by 56 Miami artists
Miami Mayor Francis X. Suarez announced a partnership with Time magazine, Mastercard and Salesforce to launch an NFT initiative for the city to drive revenue to local businesses and non-profits.
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Published on 10/31/2022
Miami-based fintech company Pipe reaches $2 billion valuation
While companies usually sell equity or take out loans to fund growth, Miami-based Pipe makes recurring revenue streams tradable for small businesses or startups by treating the revenue streams as an asset companies can sell to investors for instant cash.
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Published on 9/19/2022
OnChain Studios has signed a multi-year partnership with Mattel for its Cryptoys NFT platform
OnChain Studios has signed a multi-year partnership with Mattel for its Cryptoys NFT platform and raised $23 million in funding from Andreessen Horowitz, Dapper Labs and Mattel.
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Published on 8/31/2022
Health officials issue mosquito-borne illness advisory
Release follows confirmation of one dengue case
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Published on 7/18/2022
Miami Beach filmmakers Rakontur build on fame after breakout Netflix hit Cocaine Cowboys: The Kings of Miami
Miami's ‘teenage celluloid whiz kids' are in their 40s. The state's homegrown iconoclastic filmmakers are busier than ever as they pivot to Florida stories with wider import.
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Published on 7/11/2022
South Florida employers demand more office space, adopt hybrid models to accommodate growth
Jeffrey Gordon is senior managing director at JLL. He says he's seeing the most demand for office space in Miami-Dade. He told FLORIDA TREND how JLL is managing the growth of the hybrid office and what his outlook is for the next year...
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Published on 6/23/2022
Tech Equity Miami aims to invest at least $100 million to boost diversity
To boost diversity and inclusion in Miami-Dade's tech sector, JPMorgan Chase, the John S. and James L. Knight Foundation, the Miami Foundation and social impact venture studio aire ventures launched Tech Equity Miami, which aims to invest at least $100 million over five years in projects that advance internet connectivity, educational programs, resources for small businesses and tech employment opportunities for residents.
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Published on 6/22/2022
Virgin Voyages' new palm tree design cruise terminal is open at PortMiami
Virgin Voyages' new cruise terminal is open at PortMiami. The terminal, part of a county project aimed at reducing emissions from vessels at berth, is home to the 2,770-passenger Scarlet Lady...
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Published on 5/31/2022
Kiwibot aims to expand its fleet of robots by 1,200
Kiwibot, a robotic delivery service startup founded in Colombia and now headquartered in Miami, closed a $20-million contract with Sodexo, a Fortune 500 food services company...
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Published on 5/19/2022
April is Tech Month in Miami
INNOVATION
Tech Time
April is the inaugural Miami Tech Month, with dozens of conferences and events on the calendar. The eMerge Americas tech conference, launched by tech pioneer Manny Medina...
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Published on 4/20/2022
Pure optimism and momentum
When Jorge Gonzalez joined City National Bank in Miami 12 years ago, the community bank had about $3 billion in assets. Assets have since grown to nearly $22 billion, making CNB the second-largest bank based in Florida, with about 1,000 employees statewide.
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Published on 4/20/2022
Infrastructure: Critical strategies Florida can implement as it grows
Florida is projected to gain 2.5 million new residents by 2030. Here's what that means for schools, roads, homes and other infrastructure needs
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Published on 3/8/2022
The Miami-Dade Women's Fund launches website to assess barriers for women in the community
The Miami-Dade Women's Fund has launched an online dashboard that provides local data on how women are faring in terms of economic mobility, personal health, safety and leadership positions...
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Published on 2/21/2022
Minimally invasive valve replacement procedures are transforming heart repair
Alternative medicine practitioners have long argued that coronary artery disease can be treated safely and effectively with chelation therapy — a process in which chemical compounds are injected into the bloodstream to remove heavy metals from the body...
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Published on 2/21/2022
