Obama’s New Immigration Order May Boost Economy in Miami
by Sep Niakan | 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.”
Photo credit: Lincoln Road - sltrib.com
by Sep Niakan | November 29, 2016
This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...
by Sep Niakan | November 24, 2016
Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...
by Sep Niakan | November 22, 2016
It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...
by Sep Niakan | October 31, 2016
From a humble 9-to-5 district to after-dark playground for the it-crowd, Downtown Miami has had quite a turnaround in the past decade or so. According to the latest Miami Downtown Development Authority report, there are now 88,540 residents in...