The Growth of the City of Doral / Tony F. Puente, CCIM

Each month the Miami-Dade Monroe District meets for lunch and features a guest speaker. 

Tony F. Puente, CCIM, SVP and Realtor, of Fairchild Partners, Inc., in Coral Gables spoke about The growth of the City of Doral.  Following are some highlights of Tony's presentation:

• In the 1950's Alfred & Doris Kaskel purchased swampland between N.W. 36 Street and N.W. 74 Street for $49,000 to build a golf course / hotel.  Doral is a combination of their names. 
• In the 1980's Doral continued to grow with the development of Doral Esates and Lennar's Doral Park.
• In June 2003, Doral incorporated and it includes 15 square miles. 
• Voted the best city in Florida for business "startups".
• More than 150,000 people travel to Doral each day and there are approximately 9,500 businesses and several fortune five hundred companies located there. Major employers (click here).
• Growth projections are for 12,000 units (1,500 are currently under construction), 2,000,000 sq ft of offices and 900,000 sq ft of retail is on the drawing board. 
• Residential population estimate of 80,000 in 10 to 20 years (it is currently 48,000)..
• Construction on the west segments of the NW 25th Street Viaduct Project is expected to continue, taking 3.5 years and $58,000,000. It will extend the bridge to N.W. 82 Avenue and a link for cargo traffic to and from the Miami International Airport's west cargo area.
• A trolley system serves much of the City of Doral including shopping centers, restaurants parks and MetroRail. 
• Downtown Doral This is a mixed-use community that will consist of 2,840 residences, 1,000,000 sq ft of office and 180,000 sq ft of retail. It is a 120 acre project east of N.W. 87th Avenue on N.W. 53rd Street.  This is east of the famous (Blue Monster) Doral golf course and north of the "White" course. 

Fairchild Partners are commercial Realtors located at 6705 Red Road in Coral Gables, FL and Tony can be reached at 305-668-0620.

Tony F. Puente, CCIM

CCIM Technology Seminar / Friday, October 5, 2012

CCIM Technology Seminar on Unified Communications

Friday, 10/05/2012 - 12:00 P.M.

Location:  Anacapri Restaurant  / Coral Gables, FL

The purpose of this meeting is to keep our membership abreast of new developments in technology.  Attendees will learn how they can best use it to achieve efficiency in business and computer communications. 

The 1/2 hour seminar will cover new developments in Unified Communications such as Google Apps and Microsoft 360. 

The registration fee of $20 includes a delicious lunch at Coral Gables Anacapri, 2530 Ponce De Leon Boulevard, Coral Gables, FL 33134.

Register Online

CCIM Miami Networking Event

CCIM MIAMI-DADE MONROE FLORIDA DISTRICT

“CCIM Miami Networking/General Meeting”
Open to All Real Estate Professionals!

Meeting: CCIM Reception and Networking Event!
Networking with the CCIM Miami Professionals
Date/Time: Thursday, July 26th. 6:00 - 7:30 PM
Location: Anacapri Restaurant 2nd Floor 2530 Ponce de Leon Blvd. Coral Gable
Cost: FREE! to CCIM and FIU Members / $20 for non-­members
Sponsored by ComReal Miami, Inc.

To RSVP, please click here and fill out this form: http://www.comrealmiami.com/brokers/documents/CCIM%20Networker%20-%20July%202012.pdf

EB5 Visa Program by Louis P. Archambualt, Esq.

Board of Directors Meeting-Discussion of EB5 Visas

January 6, 2012 – January Board Meeting at Ana Capri

Louis P. Archambault, Esq

Today the Miami-Dade, Monroe County Board of Directors had their monthly meeting at Ana Capri Restaurant in Coral Gables. At the board’s monthly meetings, we not only take care of business for the month, but we also greet guests, discuss haves and wants for the board to generate business and spend 15-20 minutes discussing an educational topic timely to the board.

This month’s educational discussion was given by board member Louis P. Archambault, Esq., who is a real estate and transactional partner at the law firm of Pathman Lewis, LLP, a boutique law firm in Miami. With the assistance of various other professionals such as accountants, immigration attorneys and international tax counsel, Mr. Archambault has created a seminar which he routinely gives to area brokers and investors on issues concerning foreign buyers. While other areas of his seminar concern background information for foreign buyers in Florida and South Florida, types of entities available for purchase, an overview for tax issues concerning foreign buyers and other tips and concerns for foreign purchasers, his presentation for the board focused on visas, and more particularly the EB5 Visa program and its impact on local real estate.

As described by Mr. Archambault, there are two EB5 investor programs, a traditional and “pilot program” EB5 Visa. The traditional EB5 Visa requires a $1,000,000 minimum investment, direct participation in the invested business and the creation of at least 10 direct jobs from the investment. The “pilot program” EB5 Visa only requires a $500,000 minimum investment, may allow indirect participation in the invested business and can create 10 direct or indirect jobs, but the investment must be in a defined area called a “Regional Center”. In exchange for a qualifying investment, the investor may apply for and be granted a “green card” or be granted resident alien status.

While a good program for the right investor, Mr. Archambault explained that a qualifying program for an EB5 Visa may not also be an attractive investment from a strictly investor rate of return perspective. For example, an investment attractive to for an EB5 Visa application is a business that employs a lot of people in order to qualify for job creation. However, such a business may not generate enough rate of return compared to other possible investment opportunities available to the investor. Therefore, the investor must weigh both the risks and proposed return of the investment as well as the investment’s ability to qualify for an EB5 Visa.

For any questions to Louis P. Archambault Esq. regarding an EB5 Visa, issues for foreign buyers or to discuss a real estate or business transaction, please call him at 305-379-2425 or email him at lpa@pathmanlewis.com. For more information on Pathman Lewis, LLP, please reference their website at www.pathmanlewis.com.

The local Miami-Dade / Monroe Chapter CCIM Board of Directors meetings are the first Friday of each month. Click here for more information on future events.

CCIM Commercial Outlook Conference – a Success

January 2012 – Annual CCIM Outlook Conference was a huge success.

More than 240 CCIM members and colleagues attended the 2012 Outlook Conference from the real estate, banking, appraisal, construction, insurance and mortgage industries.

The event featured a keynote address given by Lawrence Yun, Ph.D., along with seven local experts covering real estate topics such as industrial, retail, investment, capital markets, office, and a Florida legislative update.

Dr. Yun, Chief Economist and Senior Vice President of Research at the National Association of Realtors (NAR) delivered a compelling commentary on global and South Florida real estate market trends.

His talk was of interest to the audience because it specifically addressed social and economic factors affecting commercial real estate. Many leading economic indicators point to a real estate recovery as interest rates are at an all-time low and cash reserves of corporations are high. According to Dr. Yun, “As the economy recovers real estate will serve the role as an inflation hedge as an alternative to investments such as gold.”

Dr. Yun also addressed South Florida real estate markets which he said “will benefit from wealthy baby boomers moving into Sunbelt states such as Florida looking to purchase retirement homes in the best locations.” He went on to explain that these purchasers will not want to be in outlying areas. Rather, they will seek A+ locations. Dr. Yun explained that population during the recession was a net zero to Florida; however, population influx will continue at from 200,000 to 300,000 people per year, with many coming to our region.

The Outlook Conference is an annual event. Local Miami-Dade / Monroe Chapter CCIM Board of Directors meetings are the first Friday of each month. Click here for more information on future events.

CCIM Introduction Course in Miami

If you are interested in CCIM, you may want to attend the CCIM introduction course that will be in Miami, Florida on March 3rd and 4th.

CCIM’s introductory course teaches you the fundamentals of the commercial investment real estate industry and demonstrates how to apply these skills using real-world case studies. You will have the self-confidence to answer your clients’ questions, anticipate their concerns and plan for their needs when you have a solid commercial foundation from which to start.

After completing this course, you will be able to:

• Solve investment problems using a financial calculator.
• Perform basic mortgage calculations using compounding and discounting techniques.
• Understand basic real estate investment analysis tools, estimate net operating income and estimate cash flows before tax.
• Calculate the internal rate of return.
• Evaluate similar properties, project vacancy rates and estimate absorption figures.

Click below for more details on this educational course...

CCIM Miami Outlook Conference on January 19, 2011

Dear Real Estate Professional,

Please consider joining us for the 2011 CCIM Commercial Real Estate Outlook Conference, "Refocusing for the Future". The event is scheduled for January 19, 2010 at the Coral Gables Country Club. All relevant details and registration information are included in the attached flyer, or included in the link below:

http://ccim-cf.com/miamioutlook/

This will be the most comprehensive and concise outlook conference for 2011, as described by the eight referenced experts in their specific areas of interest.

If you should have any problems registering, please contact Paul White at the contact information provided in the flyer and he will be happy to help you. Also, sponsorship opportunities are still available; please contact us if you are interested.

We look forward to seeing you there!

Edward Redlich, CCIM

Past President

Miami-Dade-Monroe District