CDs face changing interest rate environment
Interest rate changes may impact certificate of deposit sales. “If rates begin to decline – there could be a delay in that happening – but if they begin to decline, banks…
PortMiami expanding to double freight rail
PortMiami is clearing the tracks for a rail expansion to double railway freight capacity from the port by 2027. “The rail as you see it today, the FEC [Florida East…
Subsidies push stalls for long-awaited American Dream Mall
A legislative bid to potentially offer Miami-Dade County subsidies to get a long-stalled, multi-billion mega-project, the American Dream Mall, under way in Northwest Miami-Dade was swiftly sidetracked by a county…
As big banks swallow smaller ones, choices dwindle
For years, an ongoing cycle has been seen of small banks being acquired or merging with other banks. Today, there seems to be a slowdown. “There are very few small…
Highly touted 830 Brickell office tower opening awaited
Companies from around the globe continue to come to Miami as the city’s most highly touted Class A office building, 830 Brickell, prepares to welcome tenants. “We have tenants that…
With Orlando link, Brightline revenues and riders jump
Since launching its long-distance services from Miami to Orlando in September, Brightline is reporting strong and accelerating ticket revenue and ridership. For December, ticket revenue was $12.4 million, an increase…
28-story companion tower to River Landing gets a thumb’s-up
The next phase of a major mixed-use residential and commercial development on the Miami River is back for city approval. The developer of River Landing Shops and Residences returned to…
Codina turning former Doral offices into a residential site
Codina Partners is set to redevelop the final remaining older generation office buildings that were part of the former Koger Center and an expansion next to the existing retail along…
Consumer spending spurs Miami economy
For the past year, consumer spending has had more strength and momentum in South Florida’s economy, and that is expected to continue this year. Even though, the increases in interest…
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