Prologis reported slightly dented third-quarter earnings Tuesday following several quarters of strong returns, an indicator of the impact rising interest rates and a gushing pipeline of new supply have had on the industrial real estate market. Still, the global REIT beat analyst…
It’s Boom Time in South Florida In downtown Miami, ground is being cleared for Florida’s tallest office tower, with 1.5 million square feet to be filled by firms that have yet to establish a presence in the state. Condo towers…
Doral, FL. – The City of Doral new budget for fiscal year 2023-2024 (FY23-24), beginning on October 1, 2023, has been adopted with a millage rate of 1.17166. This remains the lowest millage rate* in Miami-Dade County. The approved, balanced budget…
DORAL, FL – Florida’s minimum wage will be of $12 an hour on Sept. 30, an increase of $1 compared with Sept. 30, 2022. On the other hand, tipped employees will be paid $8.98 an hour this year, according to…
It’s the second no-interest-rate-change decision over the past three meetings. Inflation is still above 2%, however, and the Fed says a future increase is still likely. WASHINGTON (AP) – The Federal Reserve left its key interest rate unchanged Wednesday for…
Wages in Miami-Dade rose far faster than the national average in the year’s first quarter, a new report from the US Bureau of Labor Statistics shows, with an average gain of 9.4% here over first quarter 2022 but a national…
A new Gallup poll shows that Americans now think of Miami as one of the safest cities in the U.S. According to survey, 59% of Americans consider Miami a safe city to live and visit – the 5th highest ranking city, and…
Miami International Airport (MIA) is on pace to handle more than 52 million travelers this year, according to statistics released this week. The airport served 26.2 million passengers during the first six months of 2023, a 2.6% increase over the…
Due to its proximity to Miami International Airport, Doral’s commercial and industrial real estate remains strong, as one of the most sought-after areas in Miami-Dade County. The Doral and airport sector, as of the second quarter of the year, has…
Miami-Dade County Commission Chairman Oliver G. Gilbert III was pushing for two new hotels at Miami International Airport. He got half of what he asked for at Tuesday’s meeting. The quest for a new, upscale hotel at the airport was…
