Florida's economy unemployment rate drops in May 2010

Economy unemployment rate, Miami Beach commercial real estate

Full Article...Florida's economy unemployment rate drops in May 2010

Miami apartments for sale, Miami real estate

Lincoln Theatre to be converted into retail space in Miami Beach

The New World Symphony, whose new home is under construction, will sell the historic Lincoln Theatre to investors who will convert into retail spaces in Miami Beach.

A group of Miami Beach real estate investors will finalize their purchase of the Lincoln Theatre and have plans to convert the historic building into retail spaces in Miami Beach.

An affiliate of Savitar Realty Advisors of Miami Beach is buying the building from the New World Symphony, Architect Frank Gehry is in the process of constructing The New World Symphony’ new home. Details for the 38,000-square-foot Miami Beach real estate property on Lincoln Road Mall were not disclosed.

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Miami apartments for sale, Miami real estate

Vacancies remain high for Miami apartments for sale

Of South Florida’s three counties, the Miami apartments for sale are expected to do better with vacancies in 2010 than the counties to the north.

According to Marcus & Millichap, the nation’s largest real estate investment services firm, Miami-Dade’s 6.8 % vacancy rate placed it nearly at the middle of 44 apartment sectors ranked by their projected vacancy. Using variables, such as projected vacancies and employment, the company ranked apartment sectors nationwide, to determine where each city fit in the big picture.

Miami real estate properties vacancy rate ranked it 25th.

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