Saudi Arabia, Miami Offer Models for Economic, Social Progress
The FII Priority conference recently heard that economic and social reforms being carried out on a national level in Saudi Arabia and on a city level in Miami offer a model for progress and development that can be emulated worldwide. FII Chairman and Saudi Public Investment Fund Gov. Yasir Al-Rumayyan joined Miami Mayor Francis Suarez […]
Miami unemployment lowest in history
Employers struggling to find candidates to fill jobs now know why: Miami-Dade’s unemployment in February was the lowest on record at 1.7%. The previous record low was 1.8% unemployment in the condo boom – before the condo bust – in December 2005 and February 2006, according to US Bureau of Labor Statistics records that stretch […]
Push to train workers for jobs in Miami’s growing tech arena
Since he was 18, Christopher Matthews has worked at Pizza Hut and 7-11, done a stint in food delivery and taught carpentry. Now, the Miami native is trying to forge a vocational path that could lead to a promising career. Seated at a desk in front of his computer screen at a plush new $6.5 […]
Fed Indicates Possible End to ‘Ongoing Increases’ After 25bp Hike
The Federal Reserve implemented a quarter-point interest rate increase Wednesday while also indicating that its pattern of hikes could be ending soon. The largely expected decision was seen by analysts as a middle-ground move aimed at fighting inflation while also seeking to calm volatile market conditions erupting from the regional banking crisis that has engulfed […]
Bronx landlords, building workers agree on contract
Agreement reached just before midnight deadline Leave the picket-line placards in storage and set aside the rhetoric for another four years: Building service workers and owners in the Bronx have averted a strike. Just as the sun rises in the east, landlords and 32BJ SEIU agreed on a new contract without the 2,000 workers leaving […]
Treeline sells Austin apartments after $20M appraisal jump
Henley Riverside sold for the second time in three years as Austin’s multifamily market stays hot Even as bank woes and rising rates throw markets into turmoil, multifamily moves are happening in Austin. A mystery buyer purchased Henley Riverside, a 368-unit apartment building in southeast Austin, from Denver-based investor Treenline Partners. The deal marks the […]
Fletcher Jones acquires Carson car dealership for $48.6M
Former Carson Toyota on half an acre gets new name Fletcher Jones Automotive Group has paid $48.6 million to acquire Carson Toyota, the largest car dealership in the Auto Row district of Carson, TRD has learned. The dealership has been renamed Fletcher Jones Toyota of Carson, according to property records and an announcement by DCG Acquisitions, an […]
Fulton Market lab development in flux
Once-promising development faces unknown future Developer Mark Goodman’s ambitious plan for a 503,000-square-foot, $218 million life sciences lab building in Fulton Market is on hold. Goodman has hired CBRE to either sell the property at 400 N. Elizabeth St. or help find an investor in the project, reported Crain’s. The developer believes the 1.5-acre site is worth […]
JLL’s co-head of Chicago, Midwest retail sales jumps to RPT
Retail veteran Amy Sands will be New York-based REIT’s head of investments JLL’s Chicago office has lost one of its top retail property sales brokers to New York-based investment firm RPT Realty. Amy Sands, who held the title of co-head of JLL’s retail investment advisory for Chicago and the Midwest, is leaving the brokerage to […]
Alpine Village near Torrance sells for $43M
Bavarian-themed retail center with historic designation acquired by developer Bavarian-themed boutique retail center Alpine Village might transform from shopping center to shipping facility. An LLC with links to WPT Capital Advisors bought the shuttered property near Torrance for $43 million earlier this month, according to property records. A deed document says that the transaction was […]