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Genting Group downsizes plans for Miami resort site
With gambling approval denied in Tallahassee, Genting Group scales back its design to initially use just a fraction of the bayside resort site. BY ELAINE WALKER EWALKER@MIAMIHERALD.COM Even without casino gambling, Genting Group said Tuesday it is moving ahead with a dramatically scaled down mixed-use plan for Resorts World Miami. The five acres where The ...
Genting cools interest in buying Miami-Dade School District property
The cash-strapped Miami-Dade School District has several options to consider from developers interested in buying its prime downtown real estate, but interest has cooled from its biggest suitor — the Genting Group. In December, the Malaysian investors told the School Board they were interested in buying the district’s downtown property, which spans more than 10 ...
Three myths that sustain the economic crisis
The summer of 2007 was a run-of-the-mill affair. Tony Blair had stepped down as prime minister in late June and his successor Gordon Brown was enjoying a honeymoon period. It was a year without a football World Cup or an Olympics, while Roger Federer won the men’s singles at Wimbledon, and the cricket involved series ...
Why Credit-Card Firms Are Sweet on You Again
Banks are returning to a practice they abandoned after the financial crisis: taking Americans’ credit-card debt, slicing and dicing it, and selling it off as bonds. Believe it or not, that’s a good thing. So far this year, banks and other companies that issue credit cards have sold $21 billion in bonds backed by those ...
Miami Leads US Property Market Recovery
The tide is finally turning in the U.S. real estate market and the charge is being led by increased prices and sales in Miami.
4 Reasons Why Foreign Investors Are Keen to Invest in Miami Real Estate
If current trends are to be analyzed, you will see a substantial rise in foreign investment in the Miami real estate boom. Market experts believe that high-end buyers from foreign countries are helping Miami real estate come out from its dark days. These are the reasons for these foreign investors to invest in the real ...
Old Grand Bay hotel to become new residential Tower, Grove at Grand Bay
In its prime, the Grand Bay hotel in Coconut Grove was the place to be, whether you were a businessman meeting for breakfast, a celebrity seeking publicity or a bride celebrating her perfect day. But the hotel’s heyday was a long time ago. And soon, it will just be a memory. The only hotel south ...
Miami, Dubai and London Among Top Global Cities Enjoying Double-Digit Price Growth in 2012
Five cities recorded double-digit price growth in the year to September; Jakarta, Dubai, Miami, Nairobi and London - a city from each of the five key world regions. In the wake of the Arab Spring, Dubai has been seen as a relative safe haven for MENA buyers while Venezuelan and Brazilian investors have looked to Miami to limit their exposure to domestic political and economic volatility.
Chris Soares
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Zilbert International Realty
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