economy

Miami’s sports landscape has changed quite a bit over the past quarter-century. We’ve seen teams, stadiums, and superstars come and go. And through it all, the Sony Open has held its position among the world’s top tennis tournaments.

The Magic City has hosted NFL Super Bowls, ocean races that circumvent the planet, international art fairs, and just about everything in between. The one glaring omission from this list: the Olympics. Granted, we haven’t deserved an Olympiad in the past, but the last decade has seen Miami become more global, more urban, more of an economic powerhouse, and more respected on the world stage.

 Recognizing that a truly international city requires a diverse economy capable of riding out down cycles, Miami is now turning to the life sciences and biotechnology sector as the proverbial “third-leg” of the economic stool – with the region’s proximity to the Americas playing a key role in that plan. At the center of this ‘big bet on biotech’ is the University of Miami Life Science & Technology Park (UMLSTP), a state-of-the-art research complex underway in Miami’s Health District.

In today’s Wall Street Journal, reporter Robbie Whelan takes a look at the new Florida condo bill that should ease the legal path for investors looking to absorb excess condo inventory in bulk purchases. Attorney and co-author of the legislation, Mark Grant with Ruden McClosky, who is attributed in the article, believes this bill can help advance market recovery by protecting bulk buyers from carrying financial burdens of developers, encouraging sales at higher prices, and providing condo associations with stronger tools to collect assessments from delinquent owners.