The fourth annual Real Estate Luncheon, a cooperative event for the Miami Beach Chamber of Commerce and Miami Association of Realtors, took place on Friday, October 25th at the Ritz- Carlton South Beach. Over 300 local real estate professionals attended the sold out luncheon sponsored by McKafka Development Group and its latest project in Edgewater entitled The Crimson-Waterfront Residences.
The first Real Estate Luncheon addressed the importance of international buyers in the South Florida real estate market and in its recovery. Four years later, industry leaders continue to notice the significance of international buyers in the market.
This year’s theme, “Selling Miami to the World – The Diverse Faces of Today’s Buyers,” focused on the future of Miami’s buyers. The boom in the South Florida real estate market, in combination with the slowing economies in Latin America, has pushed the local real estate community to look towards the future of Miami as a “global city” and ask where the new wave of buyers will come from.
“The Real Estate Luncheon was a huge success that brought the entire South Florida real estate community together to discuss the future of our city,” said Madeleine Romanello, broker-associate at ONE Sotheby’s International Realty and immediate Miami Beach Chamber of Commerce Real Estate Council Past Chair. “I am excited to be a part of this young city that is filled with great architecture and lifestyle, and is rapidly expanding into a global international player.”
The panel discussion highlighted the growth in diversity of international buyers as well as the affect it will have on how the real estate industry designs, builds and markets properties in Miami. The panel included local real estate experts: Borges + Associates’ President and CEO, Reinaldo Borges; Miami-Dade County’s Chief Economist, Dr. Robert Cruz; Miami Association of Realtors’ Senior Vice President of Public Relations and International, Lynda Fernandez; and Condo Vultures Realty LLC’s Owner and Broker, Peter Zalewski. The panel discussion and Q&A was moderated by CBS4 anchor Rick Folbaum.
Following the luncheon, McKafka Development Group hosted a special brokers meeting on their new project, The Crimson-Waterfront Residences.
As Miami’s real estate community continues to grow and attract diverse buyers, the Miami Beach Chamber of Commerce’s Real Estate Council looks forward to celebrating even more accomplishments at next year’s Real Estate Luncheon.