The United States EB-5 Immigrant Investor Visa Program, created in 1990 by the Immigration Act of 1990, provides a method for eligible Immigrant Investors to become lawful permanent residents. In this episode, EB-5 legal expert Julian Montero explains how the program works, who qualifies, and what the process entails. About Julian: Julian Montero is a Partner with Saul Ewing Arnstein & Lehr LLP and Vice-Chair of the Business and Finance Department and the Global Immigration & Foreign Investment Practice Group. Julian has substantial experience structuring EB5 projects and advising clients seeking to raise EB5 capital, as well as foreign investor participating in the EB5 program. Julian regularly advises foreign investors on strategies for successfully acquiring or establishing businesses in the United States and represents domestic and foreign businesses with their general corporate and transactional matters, including corporate structuring, mergers and acquisitions, cross-border transactions and finance matters. Julian frequently counsels the Chilean Foreign Ministry and Chilean Consulate General in Miami with a variety of U.S. related legal matters. Connect w/ Julian: ph. 305.428.4546 e. Julian.firstname.lastname@example.org w. www.saul.com About Us: The Miami Real Estate Podcast is made possible by the Cervera Newsroom, a sub-division of the in-house marketing department at the Miami-based brokerage firm Cervera Real Estate. In the Cervera Newsroom, we complement five decades of experience selling Miami real estate with talent and technology for today’s marketplace. From expertise in traditional and digital media, industry leading creative talent, and South Florida’s largest social media presence to innovative technology resources, our in-house brand marketing platform is designed to ensure that every client and associate we service succeeds in today’s fast-paced, tech-driven, competitive environment. To listen to more episodes, visit www.MiamiRealEstatePodcast.com from your browser or click below to find us on the Apple Podcasts, Google Play, or Spotify smartphone app. Brought to you by
There's a saying in Miami: if you haven't been to Miami lately, you haven't been to Miami at all. Today, Miami is recognized as one of the top global cities for business, trade, commerce, finance, technology, education, healthcare, entertainment, sports, fashion, the arts, and real estate. Long known as an exceptional vacation destination, the city currently is the 2nd largest foreign banking center in the U.S.A., and has been labeled as the Wall Street of the South for its business and commerce reach into South and Central America, the Caribbean and beyond. Here are five reasons Why Miami is the most attractive real estate market on earth right now. 1. Thriving Financial Center Largest concentration of international banks south of New York: 87 financial institutions and 33 foreign bank agencies Gateway to Latin America: Home to 1400 multinational corporations Top 20 Worldwide city in Gross Metropolitan Product Ranked 9th Worldwide for economic activity 2. Connectivity Miami International Airport: 150 Global Destinations PortMiami: #1 passenger port globally and China’s largest trade partner. Global HQ for five leading cruise lines. BrightLine (medium speed rail): Connecting connect Miami to Tampa. Represents $6.4 billion USD in direct economic impact to Florida’s economy over the next eight years. America’s top tourist destination: 4.25 million visitors in Q1 2015 (Source: Smith Travel Research – April 2015) Miami International Airport Photography courtesy of Miami-Dade Aviation Department (C)2016 3. World Class Lifestyle Healthcare: 33 hospitals. Baptist Hospital of Miami ranked as one of the highest performing hospital systems in the country. Baskin Palmer Eye Institute ranked #1 in the U.S. Education: University of Miami ranked top 150 worldwide. Florida Int. University College of Business ranked top 10 in USA / Top 15 in Int. Real Estate Arts & Entertainment: downtown Miami has the highest concentration of cultural institutions in the Southeast U.S. Home to Art Basel Miami Beach Miami is one of the only citites in the U.S. to house all five major sports teams. Beaches: 84 miles of Atlantic Ocean coastline, 15-miles of world-famous beaches. Miami is the only major “subtropical” city in continental U.S.; average temperature 75 F/ 23 C 4. Population Growth Only a few cities in the world can claim the same rapid growth, sustainability, and rise to global recognition as Miami… and indicators point to its continued growth. The city is a tropical waterfront paradise where people from around the world choose to meet, entrepreneurs gather, and is known as the capitol of South and Central America. 5. Value Proposition $1M USD buys you how many square feet of prime property across the world: Miami = 850 SF Beijing = 624 SF London = 323 SF New York = 280 SF Hong Kong = 215 SF
The word around town these days: Ft. Lauderdale is trending. Miami's little sister to the North recently ranked as the 6th Most Investable Real Estate market on PWC's "2017 Emerging Trends in Real Estate" study (jumping ahead 29 spots from 2016). Among the factors, Ft. Lauderdale scored positive sentiments regarding multi-family, industrial and single-family, investory demand, local economy, and capital availability. There's no sign of slowing down, with several new luxury high-rise living options sprouting up in and around the city's downtown core and beachfront. Among those include The Ocean Resort Residences, offering luxury resort hotel living at Conrad Fort Lauderdale Beach, which recently held its grand opening. The ultra-upscale project features 290 fully furnished Oceanfront Residences offering junior, one, two or three-bedroom suites beautifully designed with sprawling balconies and spectacular views of the Atlantic Ocean or the Intracoastal Waterway. The residences and resort condominium units are designed by leading international architect Michael Graves, and feature interior design by the iconic designer Carlo Colombo, and the renowned Urbano, whose designer Gabriela Lino has proven herself as a global trendsetter in interior design concepts over the past 25 years. Much of the furniture, fixtures, and equipment for the public areas were sourced at Kom Furniture and Accessories, a chic and tasteful store operated by Luis Morales in the heart of the Miami Design District. Residence and resort condominium prices start in the $500,000s. The Oceanfront Resort Residences are spacious year-round homes. All residences boast finished flooring, painted walls, and installed lighting. The exquisite vacation homes that owners can place into the resort program allow for additional generated revenue. They feature regular housekeeping other resort services, operated by Hilton’s Conrad Hotels & Resorts. Amenities include residents’ option to revel in the 20,000-square foot Sky Deck, which includes a fresh-water heated pool with views of the Atlantic, a whirlpool, sunbathing areas, and a poolside restaurant and bar. Additional amenities include food and beverage service with dedicated attendants on the pool deck, private beach concierge services and complimentary chaise lounges on Fort Lauderdale Beach, signature restaurant and lounge overlooking the Atlantic, Conrad Concierge, 4,000-square foot fitness center, Conrad Spa, 24-hour valet, and much more. The Ocean Resort Residences is located at 551 North Fort Lauderdale Beach Blvd., Fort Lauderdale, FL 33304. The on-site sales gallery is located on the 24th floor, penthouse. Exclusive sales and marketing handled by Cervera. For more information, click here or call (954) 749-7200.
Brickell Key, Miami is an exclusive island with a variety of condos and amenities. With so much to offer, the island is sure to appeal to today's most discerning condo buyer. Consider some of the factors that make this a prime location for a condo investment. Condominiums are the primary component of Brickell Key real estate. Some of the most famous condos include Carbonell, Courvoisier Courts, and Three Tequesta Point. These buildings were constructed in the 1990s, have twenty to thirty floors, and feature nearly three hundred total units. The size of a unit can vary depending on which floor it is on, the developer's floor plans, and development location. Ample distance between each building ensures a peaceful, private environment. Some developments such as the Tequesta condos are connected, which leads to a larger complex with additional features. Newer condos include Asia, Isola, and St Louis. No matter which development you choose on Brickell Key, you are sure to be pleased with bountiful amenities, facilitating both work and play. Catering to residents' physical and athletic needs, many buildings feature pools, gyms, squash courts, tennis courts, racquetball courts, and more. For convenience and security, developments often feature below-ground parking structures. Conference rooms and banquet halls are ideal for gatherings, movies, and presentations. Residents in Brickell Key condominium developments often have complimentary access to all of these amenities. Additional amenities such as massages, spa services, and onsite dining are offered by many buildings, but typically have fees associated. Residents can register guests at the front desk for overnight periods to secure parking passes. When you are looking for a condo, make sure to consider which amenities are critical to your goals and lifestyle. Does it sound like a property on Brickell Key may be ideal for you? Contact us today to discuss what features would make a condo "home" for you.
Russia is the most-active country searching Miami real estate for the first time since the MIAMI Association of REALTORS® (MIAMI) began tracking search data in 2013, according to a news release issued by the organization this week. Russia registered the most South Florida property searches among all countries on MIAMI’s portal, www.Miamire.com, in November 2016. Colombia and Venezuela finished second and third, respectively. “Miami’s emergence as one of the world’s top cities is attracting buyers from a greater array of countries than before,” said Christopher Zoller, the 2017 MIAMI Chairman of the Board. “Russian consumers and home buyers and investors from China to Canada want to own a piece of Miami real estate because Miami is young, multicultural, modern and economically diverse.” The Miami city of Sunny Isles Beach, for instance, has a large Russian population and is known as “Little Moscow” for its propensity of Russian-owned delis, restaurants, beauty spas, supermarkets and real estate companies. About 7.4 percent of Sunny Isles residents list Russian as their first language, according to the U.S. Census. Vladislav Doronin, who owns 7 million square meters of real estate in Moscow, is one Russian developer who has spent significantly on Miami real estate, including paying $54 million for a waterfront two-acre parcel in the fast-growing East Edgewater neighborhood. Boasting an impressive 200 feet of frontage on Biscayne Bay, Doronin's Missoni Baia is a one-of-a-kind work of high-performance architecture. Some investors saw Donald Trump’s election in November as a sign that relations between Russia and the U.S. may soon improve. The number of Russians who have expressed interest in buying luxury properties in the United States has increased by 35 percent over the previous year after Trump’s victory, according to global real estate consultancy Knight Frank. Canada Continues Searching Miami Real Estate Canada finished with the fifth-most web searches for Miami real estate in November 2016. The ranking comes on the heels of its first place finish in October and second place finish in September. Miami’s tropical weather, resort lifestyle and world-class shopping attract Canadians. Before the winter arrives in Canada, these Canadian “snowbirds” relocate to their Miami and Fort Lauderdale homes and live up to six months here. More than a million Canadians over 55 years old have adopted the “snowbird” lifestyle, spending the winter months in Florida. Canadian consumers buy the fourth-most South Florida real estate among all foreign countries. The North American nation registered 6 percent of all South Florida international sales last year, according to the 2016 Profile of International Home Buyers of MIAMI Association of REALTORS® Members Among all international buyers, Canadians spend the most on South Florida real estate. About 81 percent of Canadian buyers paid all-cash for South Florida real estate in 2016. Argentina (78 percent), Colombia (71 percent), Venezuela (71 percent) and Brazil (65 percent) trailed Canada in cash sales. The top-10 countries visiting Miamire.com in November 2016: 1. Russia 2. Colombia 3. Venezuela 4. Argentina 5. Canada 6. Brazil 7. India 8. Philippines 9. Spain 10. United Kingdom The top-10 countries visiting Miamire.com in November 2015: 1. Brazil 2. Venezuela 3. Argentina 4. Colombia 5. Russia 6. India 7. Canada 8. Philippines 9. Mexico 10. United Kingdom
As construction completed in late 2004, acclaimed architect Phillippe Starck saw his vision for ICON South Beach come to fruition. As the sixth tallest building in Miami, it is designed to promote a luxury lifestyle, enhanced by water and city views from every residence. Nine floor plans featuring one to six bedrooms are offered across the building’s 289 residences, ensuring that there is a layout to suit nearly any taste, goal, or need here. Regardless of which floor plan you choose, you are sure to find only the finest features and materials. Although each unit was constructed to the taste of the original buyer, nearly every residence in the building features high quality porcelain or marble in every room. Residents also enjoy modernized kitchens, with granite countertops and custom cabinetry. The bathrooms have not been overlooked either, with ample marble throughout. The building’s opulence is conveyed upon entering the Starck-designed lobby, which features breathtakingly high ceilings and luxurious finishes. Residents at ICON South Beach enjoy an array of resort-style amenities as well, including two pools, a billiards room, a library, well-equipped fitness center, event rooms, and meeting rooms for business and recreation. There are multiple services accessible to ICON residents as well, such as a concierge, receptionist, 24-hour security, valet parking, and even a dry cleaner service, among others. Pet-lovers will be happy to know that domesticated cats and dogs are welcome in the residences with no size or weight restrictions. Rentals are available at ICON South Beach, with a minimum of six months for any leases, and no more than two leases per year. Does ICON South Beach sound like the luxury Miami condo development for you? Contact us today to learn more about the condominiums for sale at ICON South Beach in Miami, FL.
Nearly 20 top real estate brokers from Chinese brokerage firm, HomeLink, toured several Miami luxury condo projects this weekend during a visit organized by Cervera Real Estate. The trip comes on the heels of a newly established partnership agreement between both firms, which forges the bond between South Florida's and the Far East as Asian buyer interest in Miami continues to climb. The attraction of Miami is clear to Chinese buyers. “Just look at this,” said Gene Shi, president of international operations for China’s massive Homelink brokerage, as he gestured toward Biscayne Bay, its waters shimmering out the window of the Missioni Baia sales center in Edgewater. “This is something you could never dream of, even for a millionaire in New York City. But this is a typical view for a citizen of Miami.” In addition to offering much lower prices than Manhattan and San Francisco, the traditional U.S. hot spots for Chinese buyers. Mayor Tomas Regalado, Miami Downtown Development Authority executives, Commisioner Russel, and Miami Association of Realtors CEO, Teresa Kinney supported Cervera in welcoming the delegation to the city. The tour itinerary featured visits to several ultra-luxury pre-construction condominiums exclusively represented and sold by Cervera, including: Missoni Baia, Elysee Miami, Aria on the Bay and The Ocean Conrad Resort Residences Ft. Lauderdale. Cervera's president of Development Sales, along with Vice President of Asia Buisiness Development, Frank Peng, led the company’s efforts to ink the strategic marketing partnership with Beijng-based HomeLink. With more than 60,000 agents in China, it is the largest real estate sales brokerage in the country.
Alicia Cervera speaks to the Wahshington Post regarding the state of the market , what $50 million can buy, and the potential of Chinese buyer's entering the Miami market. According to Alica Cervera. “I’ve been one of the holdouts,” said Alicia Cervera, managing partner of Cervera Real Estate and a member of the board of directors of Miami’s Downtown Development Authority. “I’ve been one of those who’s been saying, ‘China is a long way away. There’s lower-hanging fruit,’ and not really jumping on the China bandwagon all that quickly.” No longer, she said. “I do believe we’re at the tipping point and that there’s going to be a very strong presence of Chinese buyers in the Miami market.”