Obama’s New Immigration Order May Boost Economy in Miami
Dec 17, 2014 December 17, 2014
Some of the recent executive actions that President Barack Obama enacted are changing a few policies, especially the immigration system, which could increase the real estate development in Miami.
The main executive initiative that is under reivew calls for the modernization and improvement of immigrant programs, which should boost investment and entrepreneurship in the United States.
“Part of the overhaul will expand programs like the EB-5 visa or create similar programs,” Helena Tetzeli, immigration attorney with Kurzban Kurzban Weinger Tetzeli and Pratt in Miami said. Foreigners may receive a visa if they invest $500,000 or more in approved real estate projects and they also create at least 10 jobs.
Developers in South Florida are already utilizing the EB-5 program to bring in funding for new residential and commercial developments.
“Miami is the focus of foreign investment in Latin America and to a certain extent Europe as well,” said David Dabby, real estate consultant with Dabby Group Advisors based out of Coral Gables, “So any [initiative] that brings more foreign investment to Miami is better for our economy.”
Source: therealdeal.com
Photo credit: Lincoln Road - sltrib.com
Share your thoughts with us
Your Miami Condo Awaits
Recent Posts
Real Estate News Coconut Grove vs South Beach: Which Miami Neighborhood is Better?
Two of Miami’s oldest and most established neighborhoods are Coconut Grove and South Beach, making them both very desirable as choices to live. They both offer an incredible quality of life, especially for those who want to be close to the water. But they are also very different Miami neighborhoods. So how can you know which neighborhood is right for you? Will the lush fauna and laid-back vibe of Coconut Grove’s bayfront lifestyle and its family friendly atmosphere suit you? Or is being able to ride your bike to the beach (or better, walk) on your list? Here, we’ll compare Coconut Grove vs South Beach to give all the inside information so you can make the best decision about these two neighborhoods that are about a 25 minute drive away from each other. — Lifestyle: Coconut Grove vs South Beach Coconut Grove is older than South Beach and older than the city of Miami itself. This historical neighborhood boasts a rich history and laid-back Caribbean lifestyle, surrounded by natural...
Lifestyle Find Design Treasures at Design Miami 2024
Once again, Miami is buzzing with the excitement of Miami Art Week, as the global art and design world gather together right here in our fair city for some of the biggest art and design events in the world. For many of us, particularly those of us with a penchant for decorating our spaces with unique and hard to find collectibles, the highlight of Miami Art Week is the arrival of Design Miami. As the fair returns to its home in South Beach for its 20th edition, the world’s top design galleries will showcase heart-stopping collections of furniture, lighting, and art objects. A gathering place for everything and everyone related to the world of design, the fair also offers lectures, panel discussions, and networking sessions that explore all facets of design, such as architecture, film, music, and fashion. — Design Miami Schedule of Events Design Miami displays objects that are influenced by and reflective of their cultural identity and heritage, their historical and social...
Lifestyle Miami Art Week 2024
Among Miami’s signature events is Miami Art Week, during which millions of artists, art exhibitors, and art aficionados from all over the world descend upon our city to experience the world’s most exciting Contemporary and Modern Art. This year, Miami Art Week 2024 will take place from December 2-9, 2024, and features a dazzling lineup of international art fairs, setting up shop across the city in various neighborhoods, including Miami Beach, Coral Gables, Wynwood, Downtown Miami, the Miami River, the Design District, North Miami, and Coconut Grove, with public pop-up exhibits happening at other locations. As many events are updated in real time, we recommend you visit the official 2024 Miami Art Week Event Guide to get the most up to date info on what’s happening at each location in real time. For a brief overview of what to see and where, here is our guide to this year’s fairs, exhibitions, events, and locations. — 2024 Miami Art Week Event Schedule The Official...
Preconstruction Riva Residenze: Live The Riva Italian Yacht Lifestyle in Fort Lauderdale
What better place for the first yacht-branded residences from the storied Italian yachting brand Riva than the yachting capital of the United States? Cruise into luxury living at Riva Residenze, where the elegance of Italian superyachts meets the vibrant spirit of Fort Lauderdale, redefining the meaning of waterfront indulgence. Developed in an exclusive collaboration between WellDuō, Vertical Developments, and GCF Development, Riva Residenze will be the area’s first luxury yacht-branded residences. Envisioned to merge world-class Italian craftsmanship, over 182 years in the making, with lavish residential living, it will be an exclusive enclave reminiscent of Riva’s signature Italian superyachts. The nautically-informed tower, set at 3019 Harbor Drive, is currently under construction and is expected to be delivered in early 2026. — Riva Residenze Fort Lauderdale: Luxury Waterfront Living Inspired by Italian Superyacht Design Designed by the esteemed Arquitectonica, Riva...
Video Blog Video: Expert Tips to Buy a Miami Short-Term Rental Investment Condo
With the potential for high returns and a steady source of income in one of the most visited cities in the U.S., Airbnb-ready condos in Miami have become one of the hottest pieces of real estate. From future-ready preconstructions to ideally located re-sale condos, investors have a huge variety of short-term rental condos to choose from in Miami. In our latest video on how to invest in Airbnb properties, top Miami real estate broker Sep Niakan, founder of Blackbook Properties and condoblackbook.com, dives into a detailed discussion with Richard Ostertag, an avid investor and our in-house Airbnb short-term rental investment expert. Join us to explore the benefits of Airbnb real estate investing, reading into profit potential, financing options, tax tips, and more to make the most of your real estate investment in Florida. Investing in a short-term rental condo in Miami is a smart move that offers you the best of both worlds: personal enjoyment and a reliable source of income....
Preconstruction October 2024: Miami New Development and Pre-Construction Condo Update
Miami’s exclusive preconstruction condo market saw a flurry of activity this October, with Surfside being a star. While Surf Row Residences launched sales, Seaway at The Surf Club ramped up closings, with 13 out of 34 units already sold out. Additionally, sales were launched for Downtown’s upcoming Flow House, the Miami Tropic Residences by Jean-Georges in Midtown, and Pool Haus planned for Bay Harbor Islands. Further, maintaining their bullish streak, developers revealed plans for eight new preconstruction projects in Miami, including a massive new Faena District with two towers on the Miami River. Developers at Edgewater’s Cove Miami and The Rider at Wynwood began converting reservations to contracts. Also, while Bruce Eichner’s La Baia North broke ground, Wynwood’s highly anticipated NoMad Residences topped off. Read on to find out which branded condo development is planned to elevate the cultural scene in East Brickell, along with details on other updates in our monthly Miami...
(305) 697-7667
(786) 321-7233 
contact@condoblackbook.com
