Posted by : admin in (In the News, Miami, Miami Beach, South Beach, Values !)
At last, some positive economic news ….
Amidst all the news reports chronicling the unemployment numbers, an article in the Miami Herald’s business section relates the return of big projects to the area. (July 20, 2009) “Turning the Corner, Multimillion-Dollar Deals Start Flowing Again in South Florida.”
“….many of South Florida’s top lawyers, investors, developers and investment bankers, who say that despite the recession, they are very busy putting together and closing multimillion-dollar deals.”
The deals are not only for big real estate projects, according to the paper, citing a $188 million purchase of a North Dakota wind farm by a Miami corporation. Many of the deals are focused on the supposed “recession-proof” businesses such as gambling, environmental and new energy companies, however, even South Florida’s hard-hit commercial real estate industry is starting to revive, according to executives quoted in the piece.
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