Thursday, April 24, 2014

Miami will be World Cup crossroads: With air connections to 10 of the 12 host cities, Miami will likely experience the biggest effect of any city outside of Brazil.

With air connections to 10 of the 12 host cities, Miami will likely experience the biggest effect of any city outside of Brazil.
By Mimi Whitefield
mwhitefield@MiamiHerald.com
Read more here: http://www.miamiherald.com/2014/04/17/4065832/miami-will-be-world-cup-crossroads.html#emlnl=Business#storylink=cpy
Read more here: http://www.miamiherald.com/2014/04/17/4065832/miami-will-be-world-cup-crossroads.html#emlnl=Business#storylink=cpy
Read more here: http://www.miamiherald.com/2014/04/17/4065832/miami-will-be-world-cup-crossroads.html#emlnl=Business#storylink=cpy

The director of Miami International Airport likens getting MIA ready to handle an extra 50,000 or so World Cup travelers this summer to a military operation.
It involves checking and rechecking. Will the toilets work, will the moving sidewalks all be running smoothly? And then there’s the big one: Will there be a logjam at Customs as passengers bound for the June 12-July 13 FIFA World Cup cities pass through MIA?
“If we get as many extra people as we anticipate, we need to be ready to accommodate them,” said MIA Director Emilio González, who has begun using a soccer ball logo on his business cards and emails that touts MIA as the “Gateway to Brazil.”
With air connections to 10 of the 12 Brazilian host cities, Miami will probably experience the biggest Copa effect of any city outside Brazil. And it wants to be more than just a gateway: Tourism officials hope to convince soccer fans to tack a few extra days in Miami on to their trips to Brazil or even use the city as their World Cup base.
American Airlines, for example, is offering a promotion that will allow Brazil-bound passengers to disembark in Miami for 48 hours before flying on to Brazil without incurring any extra flight charges.
And the Greater Miami Convention & Visitors Bureau plans to launch a new branding effort, “Miami Soccer Summer.” and a new website (miamisoccersummer.com) in early May to promote Miami’s soccer culture, says Rolando Aedo, the bureau’s executive vice and chief marketing officer.
Signs, a logo and an advertising campaign to celebrate not only Miami’s World Cup connections but also all things soccer — from the city’s growing soccer community to the coming MLS soccer franchise — will be introduced.
MIA already has more flights to Brazil than any other U.S. airport, but for the World Cup, American, TAM and GOL, the three airlines that serve Brazil from Miami, are increasing the frequency of flights, putting larger aircraft on some routes or adding new service.
TAM announced last week that it would begin new direct weekly service May 31 from Miami to Fortaleza, a coastal city in northeastern Brazil and host to six World Cup games.
There is already service from MIA to nine other host cities: Rio de Janeiro, Sao Paulo, Manaus, Recife, Salvador, Brasilia, Belo Horizonte, Curitiba and Porto Alegre. Cuiabá and Natal are the only host cities lacking air service from Miami.
You can also catch a plane from Miami to Belém, and low-fare carrier GOL plans to begin offering three flights per week between Campinas and Miami, via Santo Domingo, on July 18 — just after the World Cup ends. Belém and Campinas aren’t World Cup cities.
Come June, an estimated 578 monthly departures from MIA to Brazil are expected. In comparison, last June there were 437 departures and 75,000 passengers flew to Brazil.
During both June and July, an additional 25,000 Brazil-bound passengers are expected to depart from MIA, bringing the monthly figures to 100,000. When they finish their Brazilian sojourns, presumably many of the passengers will be returning through Miami too.
American Airlines alone will be offering 364 monthly flights to nine Brazilian cities this summer, and it also plans to fly larger planes on one of its twice daily Miami-Rio flights as well as on its service to Recife, which will be increased from four times a week to daily.
That will increase AA seats to Recife by 116 percent, said Marilyn DeVoe, Miami vice president for the airline. This June, 91 of American’s 110 weekly flights from the United States to Brazil will leave from Miami.
“We think we’ve got this covered,” DeVoe said. “Clearly the World Cup is good for business; we will have full flights. We’re excited by Brazil.” Brazil is already Miami’s top international market.
In addition to its new Fortaleza route, TAM will increase service from Miami to Sao Paulo from 14 departures weekly to 17. It will have 39 weekly flights in June.
More U.S. fans have requested FIFA World Cup tickets than any other nation besides Brazil. But MIA isn’t expected to ferry just U.S. soccer fans to Brazil, it will be a crossroads for world travelers too, González said.
European and Canadian travelers also will be taking advantage of Miami’s Brazil connections, and new Qatar Airways service from Doha to Miami begins June 10 and will help make Miami a gateway for Middle Eastern and Asian fans too.
To get Miami in the World Cup mood, the FIFA World Cup Trophy, which is on a global tour, arrived at MIA Monday for a two-day stopover.
“They said it was solid gold,” said González, who hopes that description also will apply to MIA’s performance during World Cup season.
“We’re trying to get ahead of the crowds,” said González, who has been planning for the World Cup influx since last fall. “What we want to do is mitigate any surprises as best as we can. By the way, this is very military.”
One area of concern is handling additional passengers moving through Customs and immigration lines. “If we’ve got immigration problems now, imagine what it could be like this summer,” González said.
On a recent visit to the international arrivals area, he found people waiting in line two hours to get their passports stamped and then spending additional time to collect their bags and clear Customs. “That is not how you welcome people,” he said.
González said he has been meeting regularly with U.S. Customs and Border Protection and “we’ve been promised some relief this summer.” He said he expected CBP agents from other airports would be sent to Miami during the summer crush.
Events from soccer ball giveaways to soccer-themed games for kids and a soccer art exhibition are planned at the airport. “You will not miss it if you pass through MIA,” DeVoe said.
The convention and visitors bureau also is assembling all World Cup-related activities going on in the community this summer — from block parties to massive viewing events — and making them available on its new website.
The agency also is encouraging hotels to unofficially adopt one of the 32 teams playing in the World Cup so they can plan events, use their colors during Copa season and offer menus themed to the cuisine of a team’s country. Some hotels also will be packaging soccer-themed discounts.
“We’re pitching Miami as the next best thing to being in Brazil for World Cup,” said Aedo.



Monday, March 31, 2014

Marketing tip: Real estate investment clubs

 

LOS ANGELES – March 31, 2014 – Kimberly and Edward Rushing’s fledgling real estate investment venture got off to a rocky start.


Seven years ago, at the height of the housing market, the young couple bought a home they intended to fix up and flip in San Bernardino County, Calif.
“As soon as we bought it,” Kimberly Rushing said, “the market crashed.”
They realized, however, that there was an upside to a down market. They began attending events at real estate investment clubs. Listening to speakers and meeting mentors and potential partners, they learned the nuts and bolts of property investing and formed long-lasting connections.
“It was everything,” said Kimberly Rushing, 29, who runs the couple’s real estate investments while her husband is deployed as a Marine captain in Afghanistan. “Neither of us could have done it without the clubs.”
With the housing market improving and the prevalence of social media, real estate investment clubs are proliferating. Events, typically held once a month, attract a variety of professionals, including accountants, tax lawyers, real estate agents and a mix of old-time and newbie property investors, flippers and landlords alike.
For a small fee at the door that costs less than a couple of cocktails, the evening includes a social hour, an economics and housing market update, a quick plug from a sponsor or two, the featured speakers, then more networking later.
Many clubs, like those the Rushings have attended, focus on education and networking, rather than pooling members’ money for the club to invest.
Other clubs, however, are set up to promote a particular investment program or product. There, prices can run into thousands of dollars, and attendees might be pressured to sign up for other, more expensive courses.
“Is the interest of the club to educate, or is the interest of the club to sell you?” said Joshua Dorkin, who founded the popular investment site BiggerPockets.com and is an outspoken critic of expensive seminars.
“My advice to somebody who’s looking to go to a club: Be aware that any event you go to, there’s very likely going to be somebody there who might be pitching you,” he said. “No. 1 is always leave your wallet at home. There’s no easy way to make money in real estate. There’s no ‘get rich quick.’”

Looking for deals
Investors attending recent meetings of such clubs as Orange County Real Estate Investors Association in Costa Mesa and Orange County Investment Club/For Investors By Investors in Irvine said the events have offered them a chance to learn from experienced speakers, meet lenders or eventual partners and pick up everything from tax tips to referrals for roofers.
“Old-time landlords and newbies need to talk to each other,” said Steve Dexter of Laguna Beach, as he waited for an Orange County investors association meeting in Costa Mesa to begin one evening earlier this month.
Although experienced investors have money to spend, Dexter said, “Old-timers don’t want to go out there and tear up the landscape looking for deals.”

Copyright © 2014 The Orange County Register (Santa Ana, Calif.) Distributed by MCT Information Services.

Reposted by www.miamiforrussian.com

The Albany: Starchitects help sell luxury in the Bahamas

The Albany resort community hopes design cachet will help sell luxury pool condos.

By Mimi Whitefield
mwhitefield@MiamiHerald.com

From a distance, the hexagonal balconies of a new eight-story condominium building slated to rise in the Bahamas resemble a honeycomb, but look closer and you’ll see that each contains a swimming pool with a transparent wall.
At night the water in the 34 pools will glow an azure blue, serving as a beacon to ships at sea, in the cutting-edge building designed by Swedish firm BIG — Bjarke Ingels Group in collaboration with HKS and Michael Diggiss & Associates.
Groundbreaking for the aptly named Honeycomb building, which will overlook the marina at the luxury community of Albany on the south coast of New Providence Island, is set for the third quarter, said Christopher Anand, managing partner at Albany. It’s expected to be completed in 2016.
“We are trying to be the best of the best,” said Anand. “It’s a building that I think will be heralded as genius in years to come.”
Because water is so heavy, putting a pool on each balcony was a challenge. BIG’s solution was to rest the deepest v-shaped section of each pool on the outer wall of the apartment below it.
“A honeycomb facade functionally supports the pools, making them sink into the terrace floor and provides spectacular sight lines while maintaining privacy for each residence,” said Bjarke Ingels, founder of BIG.
Honeycomb seems to be borrowing a page from South Florida real estate development where hiring starchitects helps buildings command premium prices and provides instant cachet for potential buyers.
Sales at the Honeycomb, where apartments range from 3,000 to 8,000 square feet, began in mid-January and the building is already 30 percent sold, Anand said.
Honeycomb, which is being developed and marketed by a partnership that includes Tavistock Group, New Valley and Douglas Elliman Real Estate, joins three other buildings under construction in Albany’s Marina Residences section. Big-name architects also have worked on these projects, which are all sold out.
“We’ve tried to make Albany a place that celebrates architecture,” Arnand said.
BIG has been active in the South Florida market as well. The firm has designed the Grove at Grand Bay, which will replace the demolished Grand Bay Hotel in Coconut Grove, the Marina Lofts in Fort Lauderdale and has competed to redevelop the Miami Beach Convention Center.
Prices for Albany dwellings range from about $1,000 per square foot to more than $2,500, Anand said. “We are not trying to compete on price.”
Last summer, Condo Vultures, a real Miami estate consultancy, pegged preconstruction condominium prices in South Florida at $250 per square foot to $2,650 per square foot. The median presale price was $725 per square foot.
“There is an element of competition between the Bahamas and Florida for non-Floridian buyers,” Anand said. While Miami might win for its shopping resources, he said the Bahamas “has the better boating experience with its 700 islands.”

Read more here: http://www.miamiherald.com/2014/03/30/4029537/the-albany-starchitects-help-sell.html#storylink=cpy