Severe weather conditions in the Northeast and Midwest caused new home home sales to drop, however M2E’s long-time client Lennar was not affected. The company declared a revenue of $1.64 billion at 50 cents per share after the report released in February. The reported average is 45 cents per share and $1.49 billion in revenue. This…
The beautiful Auberge Beach Residences & Spa is underway and prospective buyers are reserving and buying. Dan Marino is the first celebrity to purchase, at an undisclosed price, a unit at the luxury waterfront condo. The developer and M2E repeat client Related Group is investing $300 million into the project, with units beginning at $1.5…
Akerman is Florida’s largest law firm with over 600 attorneys and a gross revenue of $324 million. The revenue increase in 2013 was 4 percent, and for 2014 they delivered an increase of 9 percent. Per lawyer, that equates to a revenue of $590,000 and per partner, $640,000. The office in Chicago opened just last…
Industry professionals agree that the positive outcome of Miami’s current residential market will in turn create optimistic beginnings in other areas. Office, hospitality, health care, high education and infrastructure will grow once residential building slows. CEO of Fortune International Edgardo DeFortuna says residential is starting to slow for the better from decreased wage growth. Akerman’s…
With a re-energized economy, more and more developments are rising throughout Miami. Brickell, Midtown and Hollywood areas are especially seeing newly built condominiums and hotels. Gary Rosen of Becker & Poliakoff states this means more (positive) work for real estate firms, which are currently in high demand. Greenberg Traurig is rapidly working with developers on…
Buildings are getting taller and taller in Miami, and the Federal Aviation Administration is stepping in to place height limits on projects east of Miami International Airport. DBR reports the 1010 shell as it is referred to, allows buildings to be as tall as 1,010 feet above sea level. According to Dade county’s chief of…
Georg Ketelhohn of Siegfried Rivera Hyman Lerner De La Torre Mars & Sobel expressed concern in a DBR statement regarding Jay Fant’s House Bill 501. Florida law allows four years for homeowners to file a construction claim in case of structural defects. The pending proposal would decrease the 10 year statute of repose down to…
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