Miami Mortgage News

Rendering of a Hyperloop One station

The Hyperloop One could eventually come to Miami, creating a 26-minute route to Orlando, which would be a fraction of the four hours it would take to drive and less than half the hour it’d take to fly.

Of the 2,600 submissions in a global challenge from earlier in the year, among the 11 U.S. finalists is the Miami-to-Orlando route.

The process works by using a linear electric motor to move an electromagnetically levitated pod through a tube at speeds up to 620 miles per hour with no turbulence. Hyperloop One’s Senior VP Nick Earle says they plan to select two or three of the 11 finalists for further study.

“The question is where are we going to get the most collaboration and willingness to work together to jointly define the regulatory framework,” Earle said. “Because we can design the product in our development to meet the regulations.”

One of those collaborators is Alice Bravo, director of public works for Miami-Dade County in Florida. Bravo is proposing a hyperloop between Orlando and Miami, which could be a huge boon, not only for moving freight from the busy Miami port but also tourists back and forth between Disney World and Miami Beach.
... Additional phases of the project could see the Florida hyperloop extend to Atlanta and then Chicago. “We think this is a corridor that could serve as a national stimulus,” Bravo said, “for this area of innovation and human capital intellect.”

There are also potential hyperloop routes being explored for six other countries.

Por es es conveniente invertir en propiedades de precio razonable y en lugares rentables entre Miami y Orlando.

La parte norte del Estado de la Florida tambien es una buena opcion para invertir aunque se vera apreciada en mucho mas tiempo, pero tiene ventajas por el clima y el nivel de elevacion sobre el nivel del mar, pensando en los cambios climaticos.

Para cualquier inversion en terrenos o propiedades en todo el estado de la Florida, le puedo servir con gusto a realizar su compra

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Posted by Nour Ailan on May 28th, 2017 2:37 PM

Emile Farah RIP

Dear Saint George Cathedral Family,

Christ is Risen!  Indeed, He is Risen!

Saint George Cathedral is saddened to inform you of the passing into eternal life of our beloved Emile Farah, at the age of 61, this past Saturday. The Clergy and Council of Saint George Cathedral offer their sincerest condolences to his wife, Zena Bardawil-Farah, children, Nader and Sama Farah, his siblings, Gisele, John, Alice, Nelly, and Francois Farah, his nephews and niece, and the entire Farah and Bardawil families.  May Christ, who is our life and resurrection, give rest to the soul of the servant of God, Emile, with all the Saints and may He grant comfort, patience, and strength to his family.

At the request of the family, in lieu of flowers, donations in memory of Emile Farah may be made to "Saint George Cathedral" or "Easter Seals of South Florida."


The following arrangements have been confirmed :


  • The Wake (Viewing) will be held at Saint George Cathedral from 6:00 p.m. - 9:00 p.m.
  • The Funeral Service will be held at 7:00 p.m. during the Wake.
  • A Mercy Meal will be offered at Saint George Cathedral Hall following the Funeral Service.



  • Divine Liturgy for the Feast of Ascension (??? ???? ???? ???? ??????) will be celebrated at 9:00 a.m. (40 Days after Pascha - Easter)
  • The Final Viewing will be held at Saint George Cathedral beginning at 10:30 a.m.
  • The Trisagion (Short Order) Service at 11:00 a.m.
  • Immediately afterwards, the funeral procession to the Cemetery and Burial Service will take place.
  • A Mercy Meal will be offered at Saint George Cathedral Hall following the Burial Service.


SUNDAY, May 28:

  • Orthros (Matins) Service at 9:15 a.m.
  • Divine Liturgy at 10:30 a.m.
  • Third / Ninth Memorial Service during Liturgy in memory of Emile Farah


May his memory be eternal!
Yours In Christ,

The Office of

Saint George Antiochian Orthodox Cathedral

320 Palermo Avenue

Coral Gables, FL 33134-6608

305-444-6541 Telephone

305-445-6530 Facsimile


Service Schedule:

Saturdays - Great Vespers Service (As Announced)

Sunday - Orthros (Matins) Service 9:15 am and Divine Liturgy 10:30 am


"Till I come, attend to the public reading of scripture, to preaching, to teaching." - St. Paul, I Timothy 4:13

Posted in:Farah News
Posted by Nour Ailan on May 23rd, 2017 4:07 PM

5 things to know, including a $464M project gets the green light

Buenos días, South Florida.

A multimillion-dollar mixed-used project has been approved.

1. Link gets OK

The $464 million Link at Douglas Station mixed-use project was approved Tuesday by the Miami-Dade County Commission. Developers 13th Floor Investments and Adler Group nabbed the top bid for the 7-acre site that neighbors the Douglas Station Metrorail stop south of downtown Miami. It will be built in four phases and include a 150-room hotel, 970 residential rental units and 75,994 square feet of retail.

2. Executive dies after illness

Business leader and philanthropist Ted Morse died Tuesday morning after a long illness. The chairman and CEO of Ed Morse Automotive Group was 66. Morse's father and grandfather founded Morse Motors in 1946, and Morse was instrumental in building the company into a brand that how has 17 franchises and 13 locations across Florida.

3. It's official

Despite attempts by some delegates on the first day of the Republican National Convention to kill Donald Trump's chances of being the GOPs presidential candidate, on Tuesday - as expected - Trump snared the nomination. The businessman bested 16 other candidates during his controversial road to battle it out Nov. 8 against presumptive Democratic nominee Hillary Clinton. But the highlights of the evening were speeches by his children that painted a warmer portrait of the presidential candidate that even many GOP party leaders had struggled to accept during his 13-month primary contest.

4. UM-based firm scores sale

InnFocus, an ophthalmology company developed within University of Miami’s Bascom Palmer Eye Institute, has been snapped up for $225 million by Japan-based pharmaceutical company Santen. Now pending approval, Santen said the acquisition would help it remain at the forefront of innovation in ophthalmology.

5. Boca livin'

Officials are reviewing two major development proposals in Boca Raton, according to documents obtained from the city. Both projects, the Ocean Palm condominium beach project from developer Ramon Llorens and a hotel in a business park, highlight the recent luxury residential and hospitality development boom in the city. The hotel would be built by Dizengoff Group, which scrapped plans to build an office building at 900 Peninsula Corporate Circle.


Posted in:Farah News
Posted by Nour Ailan on April 18th, 2017 7:13 PM

French luxury retailer debuts at mega mall

Givenchy made its debut at Aventura Mall, and it won't be the last luxury brand to open at the mega mall this year.

First announced for the mall in February, the French luxury retailer of clothing, perfumes and cosmetics opened in a nearly 2,000-square-foot space. The store features the brand's fall/winter 2016 men and women's ready-to-wear collection.

Gucci, another luxury brand, is expected to open later this year at the mall.

Recently, Aventura Mall announced the arrivals of Sugarfina, a grown-up candy boutique with confections not widely available; Sam Edelman, a lifestyle designer and La Colombe Coffee Roasters' first Florida store.

Aventura Mall is in the midst of an expansion that is expected to add more space for its existing stores and add new ones. The redevelopment is coming at a turning point in South Florida's retail landscape. The top shopping center will soon compete with major mixed-use developments coming online soon that feature big retail components, such as Brickell City Centre and Miami Worldcenter in Miami and Metropica in Sunrise.

Avenutra Mall is at 19501 Biscayne Blvd. in Aventura. It is anchored by Bloomingdale's, Nordstrom and Macy's and has more than 300 stores.


Posted in:Farah News
Posted by Nour Ailan on April 18th, 2017 7:12 PM

Legal battle gets messy at North Miami’s Jockey Club condo complex

It looks like the legal fight between developers and unit owners of an aging North Miami condo complex is starting to boil over.

This week, developers of the ultra-modern Apeiron project and the condo associations of the Jockey Club lobbed lawsuits at each other aimed at control of the condo complex’s common areas.

Apeiron Miami, led by Horst Schulze, Michael Bedner and Muayad Abbas, wants to build an ultra-modern condo and hotel complex on 13 acres of common grounds at the Jockey Club condo complex at 11111 Biscayne Boulevard, which it purchased for $3.25 million in 2014. Plans call for two 40-story towers with a total of 90 hotel rooms and 240 condos, with the residences receiving service from the hotel portion. As it stands now, the Jockey Club complex has three condo towers, two of which are 21-stories and one is 13-stories. They were built between 1971 and 1982 and house 411 units in total.

In March, the Apeiron team ran into trouble when the condo associations of two Jockey club towers — Jockey Club I and Jockey Club II — filed suit to try and stop the development, alleging Apeiron was trampling over a pair of binding agreements dating back to 1977 and 1995 that essentially blocked all further development at the club.

The situation became even messier when Jockey Club III pledged support for Apeiron, with the other two associations alleging their counterpart had been bought out by the developer to the tune of $10 million.

These most recent suits were filed in quick succession to the 11th Judicial Circuit Court of Miami-Dade County.

On one end, the Jockey Club I and II associations are alleging that Apeiron is trying to wrest control of maintenance for the common areas, and that Jockey Club III has stopped making any contributions to the shared maintenance costs.

Glen Waldman of Heller Waldman, the plaintiff’s attorney, told The Real Deal that Apeiron’s strategy is to leverage control of the common areas to help gain county approvals for its project.

Waldman said that could lead to neglect for a number of necessary maintenance issues in the complex, because Apeiron wouldn’t want to fix something it is going to demolish in the future.

“On their best day, they won’t be shoveling the ground for one to two years,” he said. So Apeiron is basically saying “‘We’re not going to fix it, because eventually we’re gonna build here.”’

The suit the associations have filed is seeking damages and relief from Apeiron, which would legally prevent it from taking over management of the Jockey Club’s common areas, as well as requesting that Jockey Club III continue making its maintenance payments.

The point of view painted in Jockey Club III’s suit, however, is much different. It alleges that the Jockey Club’s maintenance has been severely mismanaged, with no official budget, work done without permits that has drawn notices of violation from the county, and no payroll records for employees.

Jockey Club III filed an emergency motion with the court to have a third-party receiver appointed for managing the common areas, though the judge has since ruled that the situation is not an emergency.

“We’re optimistic that we have clear legal standing to proceed with Apeiron at the Jockey Club, and we look forward to delivering a first-rate project that includes major property improvements that will benefit all Jockey Club residents,” Abbas, one of the Apeiron’s developers, said in a statement. “Unfortunately, current residents – many of whom support Apeiron – are now stuck paying the steep legal bills that their Condo boards have saddled them with by filing these lawsuits.”

Posted by Nour Ailan on April 18th, 2017 7:12 PM

Elliman Palm Beach agent sues ex-boyfriend over commissions

A New York landlord is learning the hard way that you shouldn’t mix business with pleasure after his former business partner and girlfriend filed a lawsuit against him seeking $500,000 for breaches of contract and restitution.

The suit, raised by Douglas Elliman agent Vesna Todorov out of Palm Beach, alleges that her ex-lover Michael Speiser kept her on the hook for years as he promised to leave his wife for her and used her to make real estate deals in South Florida.

Speiser and Todorov met in New York around May 2010, according to the suit, filed earlier this week in New York Supreme Court. The landlord and interior designer quickly hit it off and began dating, despite Spieser being married with children.

The two even began living together full-time in a Palm Beach apartment, while Speiser continually delayed his promises to divorce his wife. Todorov, who was not working at the time, became restless and wanted to start earning her own income, according to the suit.

Speiser proposed they begin investing in real estate together: Todorov would earn her Realtor’s license and identify properties for them to invest in, and Speiser would fund the transactions.

As part of the agreement, she was to get a commission from the purchase as well as a piece of whatever the property sold for when they flipped it, according to the suit, first reported by the New York Daily News.

With Tadorov as his broker, Speiser bought a $1.775 million unit at 350 South Ocean Boulevard in Palm Beach and a flashy $3.7 million unit at the Ritz-Carlton Residences in Miami.

The suit alleges that Speiser later pocketed part of Tadorov’s $37,800 commission for the Palm Beach unit and told her she wouldn’t get anything when the Ritz-Carlton unit was eventually sold.

On top of that, Speiser picked up a new broker girlfriend when Todorov left for a few weeks in 2014. He kicked her out of his properties and refused to return all of her belongings, the suit alleges.

Posted by Nour Ailan on April 18th, 2017 7:11 PM

Stonegate Bank releases first Cuba-ready credit card

Cafecitos, cigars and a chance to experience Cuban culture? These are some of the many facets of a trip to Havana. But being able to use a credit card instead of cash to pay for your trip? Priceless.

Pompano Beach-based Stonegate Bank (NASDAQ: SGBK) issued the first of its MasterCard credit cards for use in Cuba on Tuesday.

The South Florida bank was the first – and so far the only bank to launch a debit card for use by U.S. travelers in Cuba. The bank announced a partnership with MasterCard when it launched the debit cards last year.

That move followed Stonegate’s decision to become the first U.S. bank to establish a relationship with a Cuban bank.

Since President Barack Obama announced the intention to re-establish a relationship with Cuba, Stonegate has been actively increasing its banking ties to the island nation. At the request of the U.S. Department of State, Stonegate agreed to handle the banking for the Cuban government in the U.S., which encompass services such as travel visas and any dealings with embassies in Washington, D.C.

The issuance of a credit card has been a work-in-progress for the last nine months. To commemorate the occasion, Stonegate is offering a limited-edition card featuring a design by Cuban artist Michel Mirabal.

"Hopefully, more U.S. Banks will allow their customers to use their cards in Cuba, thus helping to alleviate the burden on travelers to the island," Stonegate President and CEO Dave Seleski said. "I am very excited to introduce these products which I believe will benefit our corporate clients and provide a meaningful diversified income stream to the bank."

In addition to personal credit cards, Stonegate announced plans to issue corporate, purchasing, payroll and prepaid cards within the next 30 days.

Debit and credit cards certainly allow increased flexibility when traveling in Cuba. However, Cuba and its businesses still need to establish infrastructure to accept debit and credit cards to process sales.

Stonegate is one of the largest South Florida-based banks, with $2.45 billion in assets.


Posted by Nour Ailan on April 18th, 2017 7:10 PM

Mapping out the major development projects around Miami

It’s almost impossible to turn in any direction in downtown Miami and Brickell and not see a construction crane. There are so many projects coming out of the ground that most untrained eyes can’t tell one from the other.

SFBJ’s new Crane Watch feature will give readers the latest information about current and proposed projects so they can be in the know. It maps and describes all projects of at least 20,000 square feet and says whether they have broken ground (including the expected completion date) or whether they are in the planning stages.

Initially, Crane Watch is covering Brickell, downtown Miami, and part of the Arts & Entertainment District/Park West. It includes projects east of Interstate 95 as far north as Northeast 18th Street. There’s more than 50 projects in that area.


Posted by Nour Ailan on April 18th, 2017 7:10 PM

CBRE seeks new Florida president

Mary Jo Eaton has accepted a new position at CBRE, meaning the largest commercial real estate brokerage in Florida needs a new leader.

CBRE named Eaton president of Florida and Latin America operations in September 2015. She was previously executive managing director for CBRE in Florida.

Eaton is now listed on CBRE’s website as global president of asset services, with over 2.9 billion square feet of commercial property, and valuation and advisory services, with nearly 150,000 valuation assignments annually around the world.

CBRE spokesman Daniel Jimenez said Eaton will continue to lead Florida while the brokerage seeks a new president. CBRE announced the promotion in a corporate release in June.

On the Business Journal’ s list of top Commercial Real Estate Brokerages in South Florida, CBRE ranked No. 1 with $4.65 billion in sales and leases in 2014. It also ranked No. 1 on the Commercial Property Management Firms list with 18.2 million square feet under management in 2015.

CBRE has 18 offices and four affiliate offices in Florida, Latin America and the Caribbean.

Posted by Nour Ailan on April 18th, 2017 7:08 PM

South Florida company inks 8th acquisition of 2016

Mednax Inc. continues its rapid growth with yet another purchase of a physician group.

The Sunrise-based company (NYSE: MD) on Monday announced the purchase of Pediatric Cardiology Associates in Fairfax, Virginia. The acquisition marks the physician services company's eighth acquisition of 2016.

Pediatric Cardiology Associates employs six physicians and four sonographers that provide services to 10 office-based locations and eight hospitals in Northern Virginia and Maryland, including Inova Fairfax Hospital, an 833-bed medical center.

“We chose to join Mednax because of the support and infrastructure that comes with being part of a national medical group," said Sharon Karr, M.D., who will serve as medical director for the practice, in a statement. "We are comfortable knowing we will have clinical autonomy but be relieved of some of the regulatory and reimbursement responsibilities that have become so complex in today’s healthcare environment."

Terms of the cash deal were not disclosed.

"In addition, Mednax’s research, education and quality initiatives will give us the opportunity to engage with other pediatric subspecialty groups and strengthen the continuum of care we offer to our patients," Karr added.

Pediatric Cardiology Associates was established in 1987 and was the first full-time pediatric cardiology practice in Northern Virginia. The practice provides inpatient and outpatient cardiovascular care including diagnosis and treatment of fetuses, infants and children, as well as adults with congenital heart disease.

Mednax's last acquisition was June 20, when the company announced the purchase of White Plains, New York-based Westchester Anesthesiologists.


Posted by Nour Ailan on April 18th, 2017 7:07 PM


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