Written by Miami Today on December 29, 2011
Miami is a weekly feature of Miami Today, keeping readers ahead
of the news. Here are highlights from the most current edition.
coverage, including The Insider and all information columns,
is available in the e-edition. Sign up now.
HOME PRICES FALL 4%: Miami single-family home prices fell 4% in the 12 months ended Oct. 31, according to data released Tuesday in the national S&P/Case-Shiller Home Price Index. That matched Miami’s 4% decline in the year ended Sept. 30. The national average of 20 large cities covered in the index was a 3.4% decline for the year ended Oct. 31. The only city to show a year-over-year gain for the period was Washington, DC, with a 1.3% price rise. The largest annual drop was in Atlanta, down 11.7%. Seasonally adjusted, Miami single-family home prices fell 1% from September to October, the survey found. The survey does not deal with condominiums or residences other than single-family homes.
MORE CRUISE SHIPS: The Port of Miami, already a world leader in cruise passenger volume, is awaiting the arrival of additional cruise ships in 2012. "We are looking forward to another banner year in 2012 with the arrival of three new-build ships joining Port of Miami’s already distinctive cruise fleet," Port Director Bill Johnson said in a statement. "For cruises to the Bahamas, Caribbean, Mexico, and beyond, Port of Miami continues to offer an exciting roster of ships and itineraries for all tastes and budgets." The new ships arriving in the fall 2012 include Carnival Cruise Lines’ Carnival Breeze, Celebrity Cruises’ Celebrity Reflection and Oceania Cruises’ Oceania Riviera. Also, two cruise lines have announced they will relocate to the Port of Miami. Regent Seven Seas Cruises plans to move its operations from Port Everglades near Fort Lauderdale to the Port of Miami in 2012. MSC Cruises USA, also now in Port Everglades, plans to make Miami its homeport in 2013.
AIRPORT 16TH IN TRADE: Miami International Airport ranked 16th last year among all US airports and seaports in the total value of exports and imports handled, according to the Florida Foreign Trade Association. Miami International handled $51.4 billion worth of exports and imports in 2010. The airport’s exports totaled $25.2 billion and imports totaled $16.2 billion. The Port of Los Angeles ranked first with $237.7 billion combined for exports and imports, followed by New York’s John F. Kennedy International Airport with $162.1 billion.
NEW LEASES: The Florida division of The Shopping Center Group completed a lease negotiation for almost 4,000 square feet of retail space in South Florida shopping centers. Liberty Tax signed a five-year lease for 1,500 square feet at the Florida City Centre in Florida City. America’s Best also signed a five-year lease for 2,400 square feet at the Lakewood Shopping Center.
Complete coverage, including The Insider and all information columns, is available in the e-edition. Sign up at www.miamitodaynews.com