Archive for April, 2008

$3 Billion Miami Megaplan Faces New Hurdles

April 12, 2008

The hurdles of Miami’s $3 Billion Megaplan, which has already been the subject of many complaints by industry leaders and politicians, keeps growing with the addition of two new developments.

The city’s police union, which is unhappy with how staffing would be handled at the proposed new Florida Marlins baseball stadium, is trying to join auto magnate Norman Braman ‘s suit against the city and the county over a development blueprint that would also build a port tunnel and musuem park downtown.

And the city’s commisiioner’s also appear primed to revote the entire megaplan alater this month because of the hasty way it was initially approved in December.

Doing so could help beat back one aspect of Braman’s legal challenge, which contended that the commissioners improperly rushed to their historic vote.

Under the city code, any legislation approved by the city must first be distributed to commissioners five days prior to a vote, but that didn’t happen with the megaplan.

The tentative revote date will be on April 24. “We want to be, let’s say prudent”, said Miami City Manager Pete Hernandez . “The intent was proper throughout”.

Vanessa Arellano Doctor

Commercial Real Estate Trends In Miami-Dade County

April 10, 2008

The South Florida region knows too well that the real estate slump has truly hit the housing industry real hard, with vacancies rising and leasing rates falling down.

While the residential markets are bearing the brunt, surprisingly, commercial properties here continue to fetch record prices and have remained buoyant because of much lower vacancy rates.

A Quick Overview Of Commercial Property Markets In South Florida

A closer view of the areas markets reveals just how poorly commercial real estate is faring, at least in terms of occupancy. In Miami, for example, residential units in the central business district increased 55% since 2000, while the office increase was 9.5%, according to local real estate industry observers. And even if developers contemplated a new office building, the construction companies were likely tied up with residential jobs until recently, notes some analysts. Overall, South Florida’s economy has been steadily improving, and those forces have combined to boost the office market there.

Why The Commercial Market Wasn’t Hit As Hard As The Residential Sectors

According to housing market analysts, unlike the residential market, where investors are most often private individuals, commercial real estate investors are more diverse and not nearly as tied to mortgage rates. Commercial property market also investors include institutional buyers such as pension funds that pay cash instead of borrowing money. Many analysts have noted that there’s still strong demand for commercial real estate, particularly among foreign investors, and many don’t see any slowing of investor interest, particularly in retail and hotels.

As home-ownership trends are tied directly to income and interest rates, observers have noted that home buying was made unusually affordable in the past few years because of low interest rates and the popularity of mortgage-financing options such as interest-only loans. This trend has led to high demand, a lot of speculation and lots of new building.

However, when interest rates began to soar, it became much harder for individuals to afford or even to qualify for housing loans. This end result has produced a glut of homes and condos in many areas. While interest rates also affect commercial mortgages as well, cheap debt has been one major factor why there has been so many bidders on the commercial buildings sold over the past few years, which have pushed prices to record levels and yields to record lows as well.

The Office Markets May Be Slow, But The Retail Sector Is Booming

Some commercial market analysts note that they are seeing some softness in the office sales market, particularly in Broward County, where they aren’t well tenanted, but are seeing high demand in the retail sector, where grocery store-anchored centers are selling quickly as soon as developers finish them. Rental rates in the west Miami-Dade industrial markets] are down currently, however, the value of commercial properties has gone up, even in weak markets like today, as more investors prefer real estate more than equity markets, and have paid premium prices to be in this real estate market.

The real estate market continues to remain a cyclical industry notes industry analysts, and it is early in the office sector’s recovery. Those investors who paid really high prices for commercial buildings, especially those who funded these using floating-rate debt or interest-only loans in the early years, are hopeful on their optimistic growth projections to deliver.

To be exact, the office recovery is uneven in most markets, as longtime struggling office markets like the one in Dallas, Texas are improving despite high vacancy rates from previous overbuilding. Other areas like Cleveland and Detroit are also slightly improving, despite limited job growth.

Vanessa Arellano Doctor

Miami Beach Real Estate: Foreign Buyers Continue To Gobble Up Condos

April 10, 2008

The city of Miami Beach is a famous international vacation destination, drawing tourists from all over the globe, and from other states as well.

The city is renowned for its wonderful Art Deco district, exciting and diverse dining and entertainment establishments, wide array of outdoor activities, and wonderful real estate options. In a recent study made by the National Association of Realtors in 2007, the state of Florida was considered the top destination for foreign buyers, who have accounted for around 26 percent of all transactions, and was ahead of California which was at 16 percent, Texas at 10 and Arizona at 6 percent.

A Lot Of Overseas Buyers Are Gobbling Up Condos Here

According to housing market analysts, more than 7 percent of all homes in the state were sold to foreigners, and an estimated 65 percent of real estate agents have noted that they had brokered at least one deal involving overseas buyers. More foreign buyers are stepping in to buy condos at a discount in this area, where prices have considerably dropped by 20 to 30 percent.

Among the motivating factors for more foreigners buying into condos here, is that the depreciation of the dollar has made overseas currencies much stronger. Canadian buyers, also were seen to have a particular interest in purchasing homes within the US, because the Canadian Dollar has been 25 percent stronger against the greenback in the last two years, which makes these types of buyers more than willing to pay for these condos with cash.

More Foreign Buyers Are Prepared To Buys Condos In Cash

It was noted by the National Association of Realtor’s study that a large segment of foreign buyers come prepared to pay for condos in this lovely South Florida city with cash. Foreign buyers here have noted great deals in the sale of beachfront condo buildings, and other properties with stunning waterfront views.

However, a large number of condo buyers also come from areas within the United States; with many coming from New Jersey, New York, California, Illinois and Texas. But housing market analysts note that local buyers continue to remain a minority in the overall percentage of condo sales. Its great t know that the condo market in this lovely city is not a local market, since it’s a global one, and although the prices may not sound cheap for local buyers, these wonderful home developments sure look like a bargain to overseas buyers.

Overall, the city has seen a 19 percent reduction in its total condo supply levels since last January. Foreign and out-of-state buyers are also much more likely to buy a condo unit in Miami Beach than they are anywhere in the Miami-Dade region, and the market will continue to see a widening gap between the Miami and Miami Beach condo supply numbers in the coming months ahead.

Many note that the combination of the weak dollar and the unique appeal of the city as a thriving, diverse, cosmopolitan, multilingual metropolis are helping to prop up a slumbering and overbuilt condo market that had been expected to suffer greatly because of the housing crunch, but until today, has only seen a small drop in prices as compared to other housing markets in the state.

Vanessa Arellano Doctor

Right Limousine Service to Hire

April 10, 2008

You plan everything on your upcoming event from cater to venue but you have not arranged the transportation. There are things you should consider in hiring a limousine.

Limousine can make you look great in every occasion or business events. You may have a doubt, which is the right limousine service you will hire. You can ask your friend, co-worker or family member for suggestion and recommendation. The best form of advertisement of limousine service; the person who rent the limo is happy and satisfied with their service. This will give ideas in which limousine service you will hire.

In renting a limousine service, you must consider your budget. Some limousine service offers 3 hours minimum for rental. You will consider how many hours you will use it. Company charging fee varies from model and capacity. Depending on what model you seek. Of course the latest model you pick the higher renting fee you will pay.

Make sure the limousine service is certified and insured. Ask the limousine service on their discount or any additional freebies you can get. The more accessories or amenities included in the limousine, the higher renting fee you will pay. Some amenities or accessories are stereo, TV, DVD player, consoles, video games and sunroof. Other limousine service offers extra wine and flowers, depending on the agreement they provide.

Before you give your down payment on the limousine service, ask them if it is ok, if you can see the limousine you choose. Make sure it has air condition and air vent, which are properly working. Demand for a contract agreement to avoid problem in the future. Ask for an experienced driver who knows all the routes in your city. If you plan to hire limousine service, you must make appointment 6months before the occasion. During prom season limousine are in demand. It will be very hard for you to find the model and color you like.

Limousine service does not offer 3-hour minimum rental during prom season and their renting charge increase by 30%. The sooner you book, the more likely you can choose the right model and color of the limousine. There are websites on line for limousine service. They offer different limousine model you can select.

Of course, if you want to have a perfect event or occasion, hiring the right limousine service can help in providing excitement and contentment in your event or occasion. However, you have to get the right limousine service; you can check online and visit few websites and compare. You have to compare few and pick the one that can provide you satisfaction.

If you want the right one, you have to gain information that can help you in picking the one that can provide you comfort. Indeed, with a limousine service, you can travel with style and luxury. Head will surely turn as you go out from a limo.

Eliza Maledevic Ayson

Tips On Renting Limousines For Corporate Occasions

April 10, 2008

In planning a successful corporate gathering or occasion, one should put into consideration all the various aspects, details and financing involved. Allocating some of your funding towards getting a corporate limousine service to transport your officers and other important guests is more than likely to be money well spent.

The standard corporate party blends business with a recreational atmosphere for clients, officials and employees as well. A successful corporate party gives your organization or firm the the proper environment to discuss business endeavors and other matters in a relaxed atmosphere. Giving attention to every detail is vital and will be noticed by your guests. Providing transportation by hiring the services of a limo rental service for corporate events will show your guests that you truly care about their safety, enjoyment and attendance.

Renting A Limo Would Be An Inexpensive Way Of Providing Elegant Service

The guests and officials who are expected to attend a corporate event usually know that it would not be all partying, yet most who attend events like this also do so in order to take the opportunity to enjoy themselves, as well as discuss important issues and concerns, and also make vital connections with other business men or officials as well. Hiring a private corporate limousine service would surely be a relatively inexpensive way to provide a lavish and truly memorable experience for your guests from start to finish.

Private Limo Services Could Be Negotiated

The probability of negotiating discounted rates with a corporate limousine service varies, although they may not advertise it, a lot of private rental firms provide discounts to customers associated with specific corporate firms, organizations, and memberships as well as to a wide array of individuals that should help enhance th image and reach of a specific rental firm. Repeat business customers most often are able to negotiate better hourly rates than those that might be extended to those who infrequently rent limos and other vehicles for corporate events and occasions.

Choosing Which Vehicles To Use For This Occasion

Most private limo rental firms have more than one or two limousines that can go hand in hand to accommodate the special but infrequent needs of a few of corporate customers, and will usually provide very good pricing for corporate party limousine rental. Specialized limo rental firms typically offer a wider variety of some of the finest corporate party limousine rentals to choose from, and generally have the inclination to provide good-quality chauffeur services and other special perks that will certainly impress your occasions guests and help them feel most welcome.

Firms that specialize in corporate limousine rental services usually have higher customer satisfaction ratings, in terms of both the quality of their transport services and their customer service skills as well. As the mindset of a business traveler would usually be much different of a a visiting tourist, the mindset of typical corporate car rental representatives and their chauffeurs should also adapt to these, because their major purpose is to satisfy higher-end clients, like those who rent a limo from their organization for a corporate event.

Vanessa Arellano Doctor

Miami Condo Living – Should You Get Deeply Involved?

April 4, 2008

At last you are the proud owner of a Miami condo. You made careful decision in selecting this condo. It has a good price and suits your needs that why you bought it. And the good thing, you don’t need to attend the repair and maintenance of your condo. The homeowners’ association will takes care and pay for the repair. Not to mention your neighbor seem to be nice and compatible with your social background.

With the good aspect of this condo, you may not think to relocate at this moment. All you want to do is looking forward in many years of living in a relax life style, but living in a condo is not problem-free. You may encounter some problem always facing the homeowner.
As a condo owner you invest in a portion of sizeable brick asset with a responsible commitment to assuage the value of property.

Condo unit value will depend on the economy; its value may increase or decreased. The owner must watch carefully his/her asset. Condo owner must be aware and verify, if the building is well managed. It is your obligation as condo owner to use the tools of your disposal to check if it is well taken care of. You must know and look closely all the activities of the association. You can even volunteer to work on committee. Condo owner has the obligation to protect his assets and to make sure it is run and manage by administrators.

These administrators must be savvy, with sound judgment, and carefully protect the money of the co-owner. Every condo owner can not escape the responsibility in watching and protecting their assets. This is one way in securing the foundation of living. It is not hard to have a clear view of you rights and believe with confidents that things just don’t happen. As a condo owner you have the right to be told about the truth regarding on the condo building stability in the economy.

You may request all the information that is relevant and can satisfy your curiosity. The process is always the evolution and it’s never end.
In owning a condo you must be prepare for this. You must be ready to face all the consequence in owning a condo. You may decide to resell your condo or not, but the important things is, you must always aware of your condos stability. Remember it is your right to protect your investment.

You can check online about your condo building. You can check the property value of it unit; if it maintain its value or its start to decrease. In this way you can make necessary action regarding your condo. Checking online is easier. While doing the checking, enjoy the relaxing view and nice amenities of your Miami condominium.

Eliza Maledevic Ayson

Aventura Real Estate: Redevelopment To Spur More New Housing In This Area

April 4, 2008

Previously known as little more than a suburb of Miami that had a really large mall, the city of Aventura in Florida, is now a developed, dense and mixed-use urban community.

The area’s waterfront strip, which was once known for it shipbuilding activities, is now famous for the busy hum of construction cranes building homes and condos. Around 27,000 live in this city, and that does not include the influx of visitors who come to this area during the winter vacation season.

A Look At The Level Of Real Estate Development In This City

The city’s planning and building officials estimate that at present, Aventura is around 97 percent built out., and the bulk of this they say is made up of condominiums. Single-family homes in this area only comprise 4 percent of the total number of residential units currently offered for sale, which goes to say that most of the area’s residents live in high-rises, and more developments are on the way.

At present, there are currently 16 residential developments that have been approved or under construction in this 3.2-square-mile urban enclave, further bringing the number built to approximately 3,500 new units over the next few years. The vast majority of the community’s development is made up of condos, but there’s also a healthy offering of townhomes and single family homes to select from. The single-family or apartment may only make up a small percentage of the overall real estate market here, but they still are a pleasure to set your sights on.

Redevelopment Would Be The Next Phase For This City

According to city officials, Aventura is maturing, and it’s really in its final stages of original development. Once development reaches its peak, the city will then devote its attention to redevelopment. According to the city’s commissioner, it is their understanding that many developers are considering redevelopment of areas, which he thinks in the next five years, five to 10 years, will see a tremendous amount of redevelopment by developers in key areas.

As the city further grows, its population is doing just the opposite. The city’s resident population appears to be dropping each year and creating what many see a new demographic. According to census figures, from 1995 to 2000, the average age slipped from 62 to 51 and city officials expect to see another considerable dip in the coming census.

The quality and wide array of real estate options here is considered to be one of Miami-Dade County’s most desirable and most upscale market, and has a lot of luxury housing developments to offer buyers. Strategically located between Miami and Fort Lauderdale, this city offers the perfect location for buying a wide array of homes. Aventura is conveniently located just minutes from either airport and has some of the best shopping and dining you will find anywhere in South Florida.

More and more people are discovering how convenient it is to live here, with everything you need only a few minutes away from your home. Most of the city’s real estate is located on or close to the water, and this makes this area a suitable choice for those who wish to keep their boats close to their condo unit or home.

Vanessa Arellano Doctor

Hiring a Limousine Service

April 1, 2008

If you want to impress your love one, family and guest in a special gathering; you should hire limousine service to pick them up. There are things you should know before you hire limousine service. Consider the color and type of limousine you like, how big is the limousine and how many guest you were expecting?

Compare the rate from different limousine renting company. This will give you idea where you can get best deal for your money. The price vary depend on the model, accessories, size of the limousine and number of your expected guest. Ask for discount and what other freebies you can get in hiring their limousine. There are website online for limousine hiring service you can select from. Compare their prices on renting, the model you prefer and if you can get additional discount. You can also request if you prefer lady chauffer for your love one and family.

It is ideal to hire limousine in any social occasions like birthday, wedding, or VIP guest transportation. Just imagine the smile you could put on someone face by picking them up with limousine. It is a great way to celebrate a memorable occasion.

It is tradition now a day for wedding occasion to use limousine. Rolls Royce is usually used to escort newly wed. It is a once in a time occasion to celebrate it in style and luxury.

Big companies used limousine for VIP guest. They usually used to pick up guest from airport to hotel and to their business meeting. They use this to make their guest more comfortable. Even executive travelers used to hire limousine service. They feel it is more convenient because limousine service takes care of their hotel reservation and luggage as well.

Limousine hiring service can offer you different service which you can enjoy. There are some limousine company; makes special agreement with different night clubs. So they can transport you from nightclub to nightclub. Or you can enjoy wine tour with friends on hired limousine service. For a little stress relief you can travel from winery to winery, tasting their finest wine while riding in a luxurious limousine.

You can also hire limousine for sightseeing. It is the perfect way to have fun seeing beautiful tourist spot. Or to impress your date on your prom night by picking her up with limousine you hire.

If you want to hire for limousine service you can surf online. There are different companies for hiring limousine service. You can compare their price on renting depending on the model of limousine you prefer. You can also select the color and size of limousine you like. This will give more idea whom you will hire. You san even select the chauffer, if you prefer lady chauffer. Their price vary depends on the service you want. They either charge you by the hour depending on your agreement. This will give you the best deal for you money. Or you can use the yellow page to inquire.

Eliza Maledevic Ayson

Limousine Rentals: Inquiring About Other Extra Services And Perks

April 1, 2008

Limousines are wonderfully-created luxury vehicles that are effective transportation essentials for special occasions and events.

Generally, most limo rental firms charge based on the type of event, and the event may either be an airport transfer, a wedding, night outs or bar tours, birthday parties, city or wine tours, day trips, concerts, proms and other special events. Most limo rental firms have special airport transfer rates and special A to B Rates, and charge hourly minimums in days like Friday and Saturday nights.

Determining Your Entourage Helps Plan Your Event

It’s important for limo rental customers to prepare the details of what they are looking for before renting a limo, as most limo rental firms charge by the hour, so it is vital to decide how many hours you will need.

You also should determine how many people will be coming with you before you call a rental company, as this may affect the type of vehicle that you choose to ride in. Generally, standard limo vehicle types range from sedan types, which are generally Town cars or either Mercedes sedans, 6-seater limos, 8-seater limos, 10-seater and 12-seater vehicles.

Compare Rates And Possible Amenities

For starters, finding the best rental service provider will be much easier when you call on each service provider and listen carefully to how each firm deals with your phone call or additional queries. On the day or night of your special occasion, it’s important that the company is responsive to your requests and treats you with respect on all your concerns.

Call each name on the list and inquire about their different rates, which includes the gratuity, cancellation fees, how much for an extra hour and their TCP number, which refers to the state license for these types of special transport. In addition, inquire whether the vehicles come with alcohol, music, passes to clubs, concerts or sporting events.

Make Early Reservations

It’s important to make early reservations with your chosen limo rental firm, because it helps to reserve one for a duration of 2-4 weeks in advance for example. For online reservations, you may also check out the rental firm’s Web site to confirm that the firm has your preferred vehicle. Try also to look in the phone book and compare other rental firms if they offer better deals than the one you chose.

Other Important Limo Renting Items To Consider

Like in most things, you get what you pay for, and it helps if you know that the type of event can mysteriously change the price of your limo rental vehicle. Ensure that you know the location of the limo company, because some will charge drive time even if they are more than 30 minutes away. When you ask for the operator’s TCP, you should be aware that the state issues them in order, which will denote that the lower the number, the longer the company has been around in service.

In addition to licensing or legal requirements, one important aspect to inquire from the service provider, is that you should ask them about the limitations around food, drink, or smoking. This will also probably include the availability of glasses and refrigeration on the vehicle, and if the chauffeur will also be the server, or will not assist you at all. Some rental firms also will provide extras such as satellite radio or pay-per-view TV, so you need to inquire in advance or be prepared to take your CD compilation that will have enough tunes to last you the whole ride.

Vanessa Arellano Doctor