Nearly 300 of the top real estate executives gathered at the fourth annual Akerman U.S. Real Estate Summit In Miami, Florida on April 12, 2013. The Akerman Summit explored the latest trends impacting investment in commercial real estate in the United States. Experts addressed the challenges still affecting the industry, the state of the global markets, and opportunities presenting value for investors. Ben Cummings was a panelist on “Alternative Capital Sources: A Look at EB-5”. Ben discussed the EB-5 program, as well as our success at the University of Miami Life Science & Technology Park and future projects.
New restaurants open in University of Miami Life Science & Technology Park
Launched in 2010, the Dolphins Cycling Challenge (“DCC”) is a two-day tri-county charity cycling event. The purpose of the DCC is to increase cancer awareness, encourage healthy hobbies, and raise funds for the University of Miami Sylvester Comprehensive Cancer Center. In 2011, DCC II raised $1,070,000 for Sylvester, more than doubling the funds raised in the 2010 inaugural ride. Again in 2012, DCC doubled in ridership and in fundraising. The DCC presented a check for $2,200,000 to Sylvester Comprehensive Cancer Center on November 25th, 2012.
Rides begin in Miami-Dade at Sun Life Stadium, in Broward at Huizenga Plaza and in Palm Beach at CityPlace through the weekend. Along each route, water stops will belocated approximately every 15-20 miles, with food, beverages, entertainment, restroom facilities, medical treatment and mechanical assistance available for riders.
Following DCC, Cyclists will be honored by the Miami Dolphins on at a select home game. The check representing 100% of allrider raised funds will be presented to Sylvester Comprehensive Cancer Center in a pregame on-field ceremony on that day.
Birch Capital’s Bruce Ricciuti’s, daughter, Maggie (right of Sebastian the Ibis), 19 and a 2nd year student at the University of Miami, rode for her aunt whose ovarian cancer is now one year in remission.
More than 30 organizations had a presence at the event. Residents received information on lung and heart health, asthma, and the dangers of smoking, as well as chair massages and spine and posture screenings.
Co-sponsored by UM, Miami Dade College and South Florida Workforce, the fair, through a virtual tour, also gave attendees a chance to learn more about R+D Building One, the first phase of UM’s ambitious LSTP, which is advancing Miami’s presence as a biotech hub.
The six-story, 252,000-square-foot facility houses wet and dry labs, offices, lab-ready development suites, and retail space. Involving UM’s Miller School of Medicine and College of Engineering, will foster collaboration among researchers, attract new ventures, and bring jobs to the area.
The Wilmington Convention Center, in Wilmington, North Carolina, recently opened and is a huge success. Birch Capital has teamed with a developer to secure financing for a hotel adjacent to the convention center. See the attached link for details from WWAY Channel 3 in Wilmington’s web site.
The Baltimore Business Journal reports Danish nutrition firm Fluxome takes space at Wexford Science + Technology’s UMB Biopark. Birch Capital is working with Wexford to provide financing for Building 3 in the Park.
The University of Miami Life Science & Technology Park is introducing co-working lab and office space aimed at fostering innovation among early-stage companies. The UM Park’s developer, Wexford Science & Technology, has selected Miami-based Right Space Management to operate and manage The Right Space Innovation Center, which will contain 40,000 square feet of shared office and lab space on the first and third floors of the UM Park’s first building.