Newsletter February 2017 & #8211; Barnes selection of activities and key real estate information

Newsletter February 2017 & #8211; Barnes selection of activities and key real estate information

The editorial of February by Adam Redolfi: What trends for new programs?

Globally, the year 2016 was synonymous with a slight slowdown in the volume of purchase of construction projects in many global cities such as New York, Paris, Miami or London. There are, however, some differences between Miami and other international cities in the structure of new programs for example, in Miami, most developers can not give a shovel before selling 60 to 70% from project & #8211; to stabilize the market and avoid unsold products on delivery.

Projects that still have many units to sell, after a few months of marketing, choose to wait for the next cycle, on average 8 years later. The aim is to avoid half-empty buildings, as it can happen in other American or European cities. Generally, in cities such as London, Paris or New York, most developers start construction simultaneously at the start of marketing with the assumption that the building will be sold at the time of delivery. In a tougher market, developers redouble their creativity and innovative ideas, combining luxury with human-sized buildings, favoring a small number of units and partnering with a luxury home, or a renowned architect. World.

Why ? Because the beautiful and the rare are part of the timeless markets.
With this in mind, the promoter Vladislav Doronin, Russian billionaire, plans to go ahead with his first round of "condos" in Florida: " Missoni Baia". Same idea for Michael Stern who builds "Monad", very exclusive building on a human scale designed in Miami Beach by Jean Nouvel. It's the same with "Aston Martin Residences", and " Armani Casa"In terms of the use of branding, or the breakthrough of" Starchitects "Zaha Hadid, Norman Foster, Renzo Piano.

As always in real estate, the place is key too, because the investment "AAA" in Miami is always feet in the water, or in a neighborhood with strong pedestrian flow and easy access. With an average of 1,000 new residents per day in Florida, encompassing all types of budgets, from the most affordable to the most extravagant, promoters and investors still have opportunities in the making. The fundamentals should not be forgotten: bet on a quality program, choose trusted promoters, be accompanied by an expert which will guide you to the choices that will be best valued in the long term.

From February 3 to 5, 2017: Browse time with the Miami Antiques exhibition, Design & Art Show

Miami Antique, Design & Art Show is a fair full of history that makes you travel through time. Organized by Dolphin Promotions at the Miami Airport Convention Center, this event will feature antiques, unique and authentic decorative arts, gems, jewelery as well as crafts from the 17th, 18th and 19th centuries.

Miami Barnes Miami-Antique-Art-Design-Show

For more information: www.miamiantiquesartdesign.com/

From February 16 to 20, 2017: Take Off at the Boat Show, "Miami International Boat Show"

With 1,300 boats and 1,100 exhibitors expected this year at the Miami Marine Stadium & Basin Park, the 2017 edition of the Miami Boat Show promises to be another success. Organized mid-February, during "President's Day", it has become in 29 years, one of the largest show in the world. Visitors come from all over the world to discover the most modern and innovative yachts and sailboats, some leave with a new acquisition, others with dreams for another year!

Barnes-Miami-Miami-Boat-Show

For more information : www.miamiboatshow.com/

From February 16 to 20, 2017: Find the prestigious exhibition "Art Wynwood" at Art Wynwood Pavilion

Produced by Art Miami LLC, the annual "Art Wynwood" exhibition will bring together for a few days, collectors, street artists, young emerging talents and contemporary and modern artists of world renown. Last year, the fascinating art exhibition attracted more than 36,500 international artists and aficionados. Sponsored by legendary street artist Shepard Fairey, the sixth edition this year will feature 50 galleries from more than a dozen countries.

Barnes-Miami Wynwood Art-2017

For more information: www.artwynwood.com/

February 22 to 26, 2017: Delight your taste buds with the SOBE Food and Wine Festival

It was in 2002 that the first culinary festival of South Beach was born. It has become a major event today, with giant tents along South Beach and more than 65,000 participants from around the world enjoying delicious meals prepared by famous chefs and enjoying fabulous wines.

Barnes-Miami-SoBeFest-2017

For more information: www.sobefest.com

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Why are Brazilians investing more in Miami?

For several years now, Miami has been seeing many Brazilian investors wishing to set up in the magic city. They come with a pragmatic vision of investment, or for fear of the political, economic and financial instability of Brazil, accentuated by the dismissal of President Dilma Roussef.

The main reasons to invest in Miami are changing

According to market experts, the reasons to invest in Miami today are not the same as 2 years ago.

According to Fernando Bergallo, owner of the foreign exchange brokerage firm FB Capital, based in São Paulo: "There is no doubt that the buying motives of Brazilian investors in Miami have changed in the last 2 years. The person who was investing in Sunny Isles Beach in 2011 was doing it because the price was interesting. Now prices are higher, our currency is weaker, and they are still buying but for other reasons than immediate profitability. They have a long-term vision with the objective of coming to install and prepare their departure from Brazil. "

The Brazilian situation still fragile

In Brazil, the economic, financial and political situation is very unstable. A report of the Brazilian Senate published on August 2, 2016 confirms accusations of makeup of public accounts by the former president to promote his reelection in 2014. It is therefore the vice president Michel Temer who takes the lead of the country until the end of the supposed term of Dilma Roussef.

Various investment sectors are targeted

The investment sectors attracting Brazilians to Miami are diverse: residential real estate first, including new construction projects that flourish in the city and its surroundings. Commercial real estate also, and businesses that represent an effective way to gain a foothold, get a visa and make a profit.

Many companies are created to promote the exchange between the 1st economy of South America and the 1st city of Florida. Marcio Kogut, a 43-year-old Brazilian, has been investing in Miami since 2013. He recently created a new startup called 20startups.com, whose goal is to connect Brazilian startups and investment funds in the United States.

Brazilian investments in Miami are not ready to stop, which provides additional stability to the local real estate market for the coming years.

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Miami rethinks public transport

Miami, like many North American cities (Los Angeles, Chicago, Washington DC), faces an auto dependency problem and a lack of transit infrastructure. Traditionally designed for and with the automobile, the city has experienced growth, including real estate, which requires it to rethink its transport policy. Especially since more and more residents are looking for "walkability" that is to say the possibility of being able to move without a car.

The city recently studied and launched several projects to relieve traffic in the busiest places, and facilitate travel between the various cities of Florida. Three projects were created: new Metrorail lines in Miami, a tram serving Miami Beach, and a train from Miami to Orlando.

An ambitious project with Alstom on the front line

For the creation of these new infrastructures, Miami relied on partners of choice.

The Japanese company Hitachi, through its Italian subsidiary Hitachi Rail Italy, will be in charge of the production of Metrorail transport systems. The company intends to establish a strong presence in the rail market in the United States, which is currently underdeveloped. She is currently creating a driverless public transit for the city of Honolulu, which will be operational next year.

In addition, a tram network will also be created in Miami Beach, on the entire South Beach / South Pointe. French society Alstom, the origin of this project, is competing for the equipment needed for this new "light train" that will facilitate the movement of tourists and residents. The construction of on-site infrastructure, apart from the production of trains, is estimated at around 387 million $. A large-scale project to modernize one of the most touristic areas of Eastern America, which is also expected to be connected to the new developed rail network in the west of the city.

Finally, the most ambitious project is that of the new generation train to connect Miami to Orlando, called Brightline. The line will run through Fort Lauderdale and West Palm Beach, ensuring optimal comfort, and will provide fast connection between cities (30 minutes between Fort Lauderdale and Miami, 60 between West Palm Beach and Miami, for example). The line will be operational in 2017.

User behavior evolves in Miami

With the emergence of new transportation solutions such as Uber, Zipcar, or even Citibike (local velib), users are changing their way of getting around, and would like to be less dependent on the car. It is the generation of the shared economy, the "green attitude", including some of the Millennium.

According to Carlos Gimenez, Mayor of Miami-Dade County, " the new generations prefer to travel by train, bus or Uber. For them, the car is a constraint, whereas it was a luxury for us. The ways of thinking are changing, and we are seeing it more and more in our community". Miami has participated in the development of Uber which is officially authorized, even near airports.

A rapprochement with the European and Asian models

These modes of transport have been tested and approved for many years in Asia and Europe, and have proven their effectiveness. These solutions represent a major step forward to reduce car traffic, help reduce fixed costs (car purchase, insurance, maintenance, parking ...) but also reduce greenhouse gas emissions and air pollution.

It will also help develop the real estate market in the more remote areas of central Miami, which will be accessible more easily and quickly.

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Expansion of the Panama Canal contributes to Miami's economic development

Panama Canal Expands to Increase Efficiency

After 9 years of pharaonic expansion work, the new Panama Canal went into service at the end of June. Five billion euros were invested in this project equipped with 2 new locks. The Canal, which used to carry 14,000 container ships a year, will increase its traffic and accommodate boats with larger capacity.

The goal is to triple the volume of goods passing through the Canal. This will help develop US-Asian trade in goods and attract global maritime trade to this area.

Potential strong spinoffs expected for Miami and its region

Miami, as the closest US port to the Canal exit, plans to take advantage of this expansion, and to accommodate a larger quantity of larger vessels. For this, Miami has not hesitated to inject $ 139 million to increase its reception capacity, both by increasing the depth of the basins but also by equipping itself with gigantic cranes, without forgetting of course the modernization of the infrastructures of the Harbor. On Saturday, July 9th, Barnes International will be present at the festivities for the mega container ship Mol Majesty, the first to take advantage of this new infrastructure.

Extraordinary investments have also been made by the state of Florida, with a budget of 8.8 billion for the state's transportation department. This is the largest budget ever allocated to this department in this state.

The increase in commercial marine traffic in Miami will contribute to its economic and financial development over the next few years. Doug Wheeler, President and CEO of the Florida Ports Council says "the level of investment is unprecedented" in the history of this state. These prospects have also boosted industrial real estate linked to logistics. The price of warehouses around Miami and the airport has skyrocketed over the past 4 years, and there is even a shortage of available space.

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Miami: these dream villas that break records

The Miami real estate marketin recent years, has mainly developed around the construction of new properties (including modern houses on the water) and apartments. Views of the sea or the bay, proximity to the beach, tourist activities or schools in residential neighborhoods, everyone finds his share of dreams.

A small market but with a strong added value

In this growing market over the last five years, luxury villas have also put Miami on the national and international scene of the most expensive transactions. Number of more than 20 million homes on the market is limited, and the selling time is longer since this type of good corresponds to very exclusive buyers, and profiles often scattered around the world.

Today, the Miami Dade County (Greater Miami) has 34 homes for sale above 20 million and of course each is located on the edge of the Bay or Ocean. Since last week, the record deal of the year is the area of las Brisas, located in the heart of Coconut Grove, which has just been sold. The story of this sale illustrates how the ultra luxury segment must be close to zero defect. Las Brisas offers a plot of over 27,000 square meters and 9 bedrooms in a charming house renovated with taste and elegance on 1,500 square meters. Marketed at $ 65 million in 2014, it had to be lowered to $ 47.5 million in 2015, eventually selling for $ 34.6 million after 214 days.

The reason ? This house offered an extraordinary park, with a private harbor and a vast expanse of mangrove along the bay. This mangrove is protected, can not be removed, and the owner could not have views of the bays of the house. In addition, a historic school in Miami, Ransom Everglades, considered one of the best private high schools in the United States, adjoins this property, with a ring every hour ... Sow doubt among potential buyers. Barnes International had invited French journalists to discover this property in 2014 and then bet on an institutional buyer (dream box for a private art collector for example).

It is ultimately Ransom Everglades School itself that this week has acquired one of the most expensive properties in Florida, to develop its campus and enrich it with a unique heritage as architectural and environmental.

People, Stars but also Great multinational bosses attracted by the shores of Miami

Luxury properties are often the prey of world artists who find the calm, the climate and the proximity of international flights to travel the planet. Ricky Martin, Shakira, Tom Cruise, Sting to name a few. If Julio Iglesias chose the very select island of Indian Creek with a prestigious golf course in the heart of the island, his son Enrique had a house built in the "asian modern" style by the bay, in the very private community from Bay Point just steps from the Design District. But lately, great bosses have also succumbed to the charm of Miami and its islands where you can build the house of your dreams. Michael Burke, Chairman and CEO of Louis Vuitton has acquired land to build in Allison Island, near the beach, from 2014. The chairman of the group Moet Hennessy, Christophe Navarre, offered a villa at $8,3 million dollars in Bay Harbor Islands. Note that this same house had been purchased $3.9 million in 2006. The luxury villas, on the edge of the Bay, allow the highest capital gains.

For lovers, the two most expensive villas currently on the market are Casuarina Concourse, south of Miami, in the area of Gables Estates. For $ 49 million, the house offers more than 2,000 square meters of living space and a plot of 9,000 square meters. It is located on the edge of the Bay, with exceptional views of Miami, and at the end of a perfectly private tip. The second ranking of the most expensive, at $42,500,000 is located in Golden Beach, north of the city, one of the only places where one can be in house and on the edge of the ocean (these are the more often the apartments that have appropriated the ocean).

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Barnes International present at the 12 Hours Chrono of the 2016 International

Real estate, immigration, everyday life ... will be the topics addressed by Barnes International

The 12 Hours Chrono of the International includes 12 programs of one hour each, devoted to all the opportunities, problems and things to know about a location in the United States. Various themes were discussed during this program: immigration, daily life, education, real estate, implantation, business acquisition, intercultural, and recipes for success in the USA. Barnes was present at this event, represented by Elisabeth Gazay, Associate Director and Barnes Miami, as well as Nicolas Billaud, Director of the commercial real estate department of the agency.

Immigration a key step in the investment process

The theme of immigration opened this series of programs. The different visas available, the green card, the process to obtain them, as well as nationalization were among the topics discussed. Important points such as family immigration, wealth management and investment were also mentioned. Depending on the reason for starting (business creation, transfer, internship, etc.), the procedures may be different. Discover the entire show right here.

Daily life in the US, from rental to driving license.

The second subject is about everyday life in the USA. From the apartment rental to the driving license, all the necessary processes, rules and documents have been explained by the experts on the set. The rhythm of life in the USA and the cost of renting according to the regions were also among the themes mentioned. Discover it in detail right here.

The real estate market in great shape.

The latest issue was more focused on the US real estate market, which is in great shape after overcoming the financial crisis. On the agenda: real estate in Miami, New York and other parts of the country, the facets of the market, the buying process and its differences with France, property tax, insurance, matrimonial regimes and inheritance rights. The completeness is presented to you right here.

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Miami's cultural diversity contributes to its real estate development

Miami's cultural diversity contributes to its real estate development

Miami-Dade: 51 % of the population is of international culture

The analysis of cultural influence on purchasing habits is essential to understand and adapt to a market. Miami is a perfect example: with more than one in two people in Miami-Dade of foreign origin, it is a mix of many cultures that form a heterogeneous market with diverse expectations. This diversity places South Florida, and more particularly Miami, as an economic player with a strong presence in international markets.

The door of Latin America

Given its geographical position, Miami has logically become over the years a necessary passage between Latin America and the United States. Many investors from this region invest in Miami, live there for part of the year, have head offices there. They represent 76% buyers in Miami-Dade and 63% buyers in Broward. They are attracted by the favorable economic prospects for investment, stability, security, geographical proximity without forgetting the climate, the atmosphere and the fashion and jet set side.

However, other parts of the world are also represented, and are investing larger amounts. It is less well known that the five largest investments last year were made by investors from Spain, China, Canada, Norway and the United Kingdom. Asians, Europeans and Canadians invest in the region, but in a different way. Asians are attracted mainly by Palm Beach, Europeans and Canadians alike, but they are also interested in Broward. Miami-Dade is favored by the South Americans.

With these particular market conditions, local real estate players have adapted. Communication tools and polyglot and multicultural agents, everything is done to attract foreign investors and support them in their real estate investment. At Barnes International Realty, we have seen that each transaction is conducted with multinational contacts: it is not uncommon to have at least four different nationalities and cultures around a negotiating table. Our teams are themselves multicultural, it allows to better navigate in this environment and to be comfortable whatever the context to ensure the success of the transaction.

A sustainable evolution for the local real estate market

This diversity of population, in addition to being a force in terms of demography with the decline of births in many US cities, is also a strong factor of attractiveness of the market at the global level. Miami has become an international magnet attracting investors and thus encouraging growth over the long term.

Despite the voices of experts announcing in 2009 that the 19,000 apartments available on the market would take decades to be absorbed by the market, this number has finally been reduced by more than 11,000 in four years. Today, the market intends to stabilize and seek to become sustainable thanks to this international attractiveness.

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Miami, the best city to work in 2016

Miami has for some years been considered one of America's most enjoyable cities to work with, and this year it has taken the top position in Forbes Magazine. It outperforms competing cities in terms of work / life balance, quality of relationships with colleagues and supervisors, general work atmosphere, compensation, career development opportunities, corporate culture, and available resources, which are the criteria taken into account for the evaluation of each city.

A city that has become a pole of international attractiveness

The world-renowned seaside resort, hard hit by the financial crisis of 2008, has reinvented itself to become a pole of international attractiveness, with many expatriates settling there with their family and sometimes their company. It is ahead of cities like San Francisco, Los Angeles, Brooklyn or Jersey City.

In addition, the city has diversified its sectors, beyond tourism, by developing aeronautics, health, fashion, arts, and design. Startups are also beginning to be attracted by the favorable economic outlook for investment, and less competition in California than in terms of human resources.

Real estate development continues and increases

The 2nd largest financial market in the United States continues to grow over the years, particularly in the real estate sector, with many large urban projects developing employment and posting one of the lowest unemployment rates in the country.

It's good to live in Miami

Access to the Americas, cultural diversity, and the tropical climate provide a unique living environment for those wishing to settle and shine throughout the continent, from North to South.

Discover the video right here created by Forbes to present the top 10 ranking cities

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Miami hosts the Maison et Objets 2016 show

Miami, emblematic emblem of design and innovation

From 10 to 13 May 2016, the trade show House and Objects will move to Miami for the second year in a row. Successfully exported in 2015 with 10,000 visitors and 300 exhibitors from 82 different countries, the show will double in size this year, with additional events including Wynwood and District Design.

The Miami Beach Convention Center will host most of the event (conferences, exhibitors, etc.). Exhibitions will also be held in museums such as the Perez Art Museum, the Lowe Art Museum and the Bass Museum of Art.

Many sectors will be represented, including lighting, interior design, furniture, or new technological developments in home automation.

France strongly represented

After participating in the Paris version of the show, several French companies will be exporting and will be present to show their innovations. For the most famous, Laguiole, Gautier, L'Atelier will present their novelties. Several French designers will also be part of this unmissable event of decoration.

Renowned artists and new talents

Many designers recognized worldwide will participate in conferences and debates. These include Rafael de Cardenas, designer of the year M & O Americas 2016, and Eugeni Quitllet, designer of the year M & O Paris 2016.

Rising stars of design will also bring their artistic touch to the show as Guilherme Wentz (Brazil), Samuel Amoia (USA), Javier Gomez (Panama), and Ben Medansky (USA).

A source of inspiration for your future development

To learn about new trends in decoration, interior design and home automation, this is the event not to be missed. A source of inspiration to personalize your future real estate investments.

You can directly access the European and American show website on the link right here

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