Shifting tides of Panama real estate echo Miami trends

PANAMA CITY, Panama — As a real estate agent shows off a model apartment — white leather sectional, stainless steel appliances, open concept, ocean views — in the 59-story Yacht Club Tower, and touts its fitness center and pool deck designed to mimic a ship floating on the sea, he makes a telling statement:

“We tried to emulate the Miami style in this building.”

Approaching this Central American capital from the air, the first thing a traveler notices is a skyline on steroids — gleaming towers jutting skyward like so many pickets on a fence. There’s even a Trump high-rise here — the sail-shaped 72-story Trump Ocean Club International Hotel & Tower. And it’s not uncommon for those active in Miami real estate and development circles to try their luck in Panama or move back and forth between the markets.

Although Miami is nearly 1,200 miles from Panama City, the real estate markets of the two cities share certain similarities. Both went through booms and overbuilding and then had way too many empty condominiums. Wealthy Latin American buyers were a salvation in both cities when traditional segments of the market fell off.

“Now that things are starting to pick up in the States, they are picking up here too. Now that there’s not as much economic uncertainty in the United States, people feel more confident about Panama too,’’ said Morris Hafeitz, general manger of Emporium Developers. He used to work in Miami as a project manager for Odebrecht, the Brazilian conglomerate.

Now Hafeitz is trying to sell Allure at the Park, a 50-story building Emporium developed in Panama City’s Bella Vista neighborhood. The building is chock full of amenities — gym, teenage game room, adult lounge, toddler playroom, pool, squash court and even miniature golf on the roof — but one of its main selling points is that it overlooks a park and two low-rise historic buildings. “In the heart of the city without the hassles of the city,’’ said Hafeitz.

During the boom, many buildings in central Panama City went up practically on top of each other. “In the beginning of the boom there were no regulations on density,’’ said Mauricio Saba, a project manager at Zoom Development in Panama City and another Miami real estate alum. “I have a friend who said he could watch his neighbor’s TV from his balcony.’’

Margarita Sanclemente, a Miami real estate broker with offices in Panama City and New York, has seen it all — the boom, the irrational building and the slowdown — and has stuck with the Panamanian market.

She first ventured into Panama in 2005. The Panamanian real estate market, which had been sluggish for more than a decade, was undergoing a rebirth and Americans, lured by low prices and the low cost of living, were snapping up properties.

The sweet spot was the 1,000 to 1,500-square-foot apartment, sans maid’s quarters, which appealed to retirees from Canada and the United States, she said.

That was back when Americans still believed you couldn’t go wrong with real estate. “Some of the buyers didn’t even see the units. We sold them by phone,’’ Sanclemente said. Condo prices at new buildings such as Destiny averaged $98 to $120 per square foot. She herself bought a 1,000 square foot, one bedroom condo for $123,000 back in 2005.

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For Miami, new cruise ships a cause for celebration

Miami’s ship has come in. And it looks more like a fleet.

The Carnival Breeze, which starts regular sailings from its new year-round home Saturday, will be joined Thursday by Oceania Cruises’ Riviera and Dec. 1 by Celebrity Reflection. All three launched earlier this year in Europe and make their U.S. debut in Miami.

After a three-year dry stretch that saw no shiny new vessels mooring in Miami’s waters — and years of efforts to draw new operators coupled with millions spent on upgrades — the port is touting its biggest expansion ever with the three new ships as well as three new cruise lines signing on for this season and next.

“You want your newest ships to have the newest facilities, and that’s what Miami has done,” said Miami cruise expert Stewart Chiron, CEO of CruiseGuy.com.

Regent Seven Seas Cruises moved its ships from Port Everglades in Fort Lauderdale to Miami, and Disney Cruise Line will sail for the first time from Miami starting in late December. Next year, MSC will bring its newest ship, Divina, to Miami after previously sailing from Fort Lauderdale.

And Miami-based Norwegian Cruise Line, which reignited the parade of new ships in 2010 with the Norwegian Epic, is bringing the 4,000-passenger Norwegian Getaway in January 2014 to Miami, where it will sail year-round.

“I never, ever would have considered going anywhere else, because we are a Miami company and we really believe that means something,” said Kevin Sheehan, Norwegian’s president and CEO.

That hasn’t always been the universal sentiment. Nearly six years ago, the port was under fire for a history of inefficiency and sub-par facilities. In late 2007, Royal Caribbean chose Port Everglades in Fort Lauderdale as homeport for Oasis and Allure of the Seas, the world’s largest cruise ships — despite having a Miami headquarters.

The presence of those giant ships has meant some other cruise lines felt the squeeze, and a couple, like Regent Seven Seas Cruises and MSC Cruises, have opted to move south.

“Once upon a time, Port Everglades was known as the boutique cruise ship port,” said Frank Del Rio, chairman and CEO of Prestige Cruise Holdings, parent company of Oceania and the luxury Regent Seven Seas. “Now Port Everglades is the megaship port. We’re the antithesis of megaships.”

But Chiron said the moves aren’t necessarily a negative for Fort Lauderdale’s port.

“These ship movements and repositionings, all it’s really doing is opening up both ports for really bright future opportunities,” he said.

Port Everglades has grown its multiday cruise passenger numbers from about 2.6 million in fiscal 2008 to an expected more than 3.6 million on 45 ships in fiscal year 2012. By comparison, PortMiami’s passenger numbers have grown from about 3.8 million in 2008 to what is expected to be more than 4 million with 26 ships at the peak for the current fiscal year.

For its part, Port Everglades continues to invest in upgrades, recently finishing the $54 million reconstruction of four cruise terminals under a 2010 agreement with Carnival Corp. for brands including Holland America Line, Seabourn and Princess Cruises.

The investments go on at PortMiami as well, where director Bill Johnson, who took the job in 2006, listened to criticism that Miami hadn’t done enough to support the cruise industry. In the last few years, the port built a pair of terminals for Carnival for about $100 million. Since those terminals opened about four years ago, the port will have spent and continues to spend $70 million more in improvements, Johnson said.

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Allure of Brickell, downtown Miami drives up rental rates

When Brett Smith rented a condo at Axis Brickell last year, there were still sweet deals to be found, but when the lease came up for renewal last month, he got a sour note: The rent was spiking 15 percent.

The three-bedroom, three-bath condo would cost $3,800 a month, up from $3,300.

“We actually looked around at other places, and most looked to be around the same price range,” said Smith, a 25-year-old construction project manager who shares the apartment with two friends. “We decided with the cost of moving, we would just stay.”

Smith, who loves the urban lifestyle — “It’s great, and it’s getting better,” he says — has lots of company.

In greater downtown Miami and Brickell, residential rental rates per square foot jumped 10 percent in the first nine months of 2012 from a year earlier, according to a study conducted for Miami Downtown Development Authority by Coral Gables-based Focus Real Estate Advisors.

Rents for the sizzling Brickell neighborhood leaped even more sharply. The average monthly rental rate for Brickell jumped 17 percent to $2,242 in the first nine months of 2012 from the same period in 2010, while the rent per square foot spiked 28 percent over that period, according to additional data from Focus Real Estate Advisors and MLxchange.

Fueling the price increases: Strong demand for rental units and the growing popularity of the downtown and Brickell areas as new restaurants and entertainment spots help mold an urban core that is attractive to young professionals and students but also to an increasingly diverse crowd.

“It’s become like a restaurant Mecca in Brickell,” said Denise Sicuso, sales manager for Esslinger-Wooten-Maxwell Realty’s Brickell downtown office, which handles lots of condo rentals and sales in the area.

With Brickell CitiCentre, a massive $1.05-billion mixed-use complex with retail, entertainment, office and residential, going up at 701 South Miami Avenue, “the interest in the neighborhood is only increasing,” Sicuso added. “When we get rental listings, they’re gone within a week.”

More than 95 percent of rental units in the greater downtown Miami area are occupied, according to the Downtown Development Authority study.

Demand for rental units is strong for many reasons: Tough lending standards for mortgages are making it difficult for many people to buy a home. Coming out of the recession and housing meltdown, many people have credit histories that exclude them from becoming buyers. Others simply don’t want to own.

At the same time, a steady influx of foreigners and others relocating to Miami is bolstering rental demand, as is the gradually improving economy that is enabling some young people who had moved back to the nest with their parents to get their own place.

“There is pent-up demand for rentals, not unique to the downtown or Brickell area,” said Craig Werley, president of Focus Real Estate.

Another factor: Many of the professionally managed rental apartment buildings in South Florida were converted into condominiums before the real-estate market crashed.

Professionally managed apartment buildings account for just 10 percent of Miami’s rental market, down from 20 percent in 2000, according to Werley.

While there is a major push by developers and institutional investors to build more multifamily rental units in South Florida (and around the country), the lag time before new rental units would come to market means supply will be tight for some time.

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Black Friday is creeping into Thanksgiving evening

Marling Sequeira has her Thanksgiving all planned: turkey, trimmings and pumpkin pie at her boyfriend’s in Miami, then a moonlit drive to Walmart to snag a 72-inch Samsung TV on sale for $800.

“It’s more exciting at midnight,” said Sequeira, 22, a medical assistant who is moving into a new Brickell-area apartment with her boyfriend on Friday. “Besides that, the specials are more convenient.”

All over South Florida on Thursday, bargain-hungry shoppers will be gobbling down their Thanksgiving meals with an eye on heading to the mall.

Thursday is becoming the new Black Thursday, as the old-fashioned kickoff day of the holiday, Black Friday, creeps into Thanksgiving dessert.

“Retailers are now commercializing Thanksgiving, giving the opportunity to the consumer who doesn’t want to watch 12 hours of football,” said Marshal Cohen, chief retail analyst at the NPD Group, a consumer and retail market research firm based in Port Washington, N.Y.

The stores’ goal, he said, is to compete more vigorously with online sites for those valuable early holiday dollars.

And retailers have learned that if they open their doors and offer deals, shoppers will come. Last year those who extended their hours saw sales rise up to 22 percent for the Black Friday weekend, while those retailers that did not lost up to 8 percent, Cohen said.

The result: this year, more than ever, shopping is seeping into Thanksgiving festivities.

Kmart is opening at 6 a.m. and Bass Pro Shops at 8 a.m. on Thursday. Sears and Toys”R”Us are opening at 8 p.m. Target is opening at 9 p.m. Loads of stores, including Macy’s, The Gap, Old Navy and Best Buy are opening at midnight. Best Buy is promising deals on such items as TVs, laptop computers, digital cameras and more.

Walmart is open 24 hours, so it will stay open all day on Thanksgiving, with specials offered at 8 p.m. and 10 p.m. on Thursday and 5 a.m. on Friday.

“Whether you want to stay up late on Thursday night or get up early on Friday, at Walmart we have a Black Friday event for you,” said spokesman Steve Restivo. Walmart is offering price guarantees to shoppers who are inside a store between 10 p.m. and 11 p.m., on three hot-selling items, an Apple iPad2, an Emerson 32-inch LCD TV and an LG Blu-ray player.

In South Florida, even entire malls will open on Thanksgiving. Dolphin Mall in Sweetwater and Sawgrass Mills in Sunrise will be first, each opening at 9 p.m., and staying open until 10 p.m. and 9:30 p.m., respectively, on Black Friday.

Dadeland Mall and Miami International Mall will open at midnight Thursday.

“We’re very excited to open at midnight and give our shoppers a head start to the holiday season,” said Sara Valega, director of marketing for Miami International Mall, which will stay open until 11 p.m. on Friday.

Nationwide, 17 percent of consumers, or 41 million people are expected to shop on Thanksgiving, according to the latest consumer holiday tracking survey, released Tuesday by The International Council of Shopping Centers and Goldman Sachs.

With stores opening earlier and earlier, and some retailers launching pre-Thanksgiving sales, the retail industry has officially crossed the traditional Black Friday barrier — with no end in sight, said Kimberly Taylor, associate professor of marketing at Florida International University.

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Small Business Saturday: the anti-Black Friday

Don’t want to brave the Black Friday craziness? You can get a head start on your holiday shopping, snag some deals and support local merchants by participating in Small Business Saturday.

Nestled between Black Friday and Cyber Monday, Small Business Saturday is focused on promoting small business owners nationwide. Since it was started in 2010 by American Express, the promotional effort has grown into a national movement involving thousands of businesses, chambers of commerce and economic development organizations. According to American Express, last year more than 100 million people nationwide participated.

“The one thing businesses have told us over and over again is that they need more customers. So we thought it would be great to create a day in the holiday weekend that focuses just on the small business and shopping locally in communities around the country,” said Mary Ann Fitzmaurice Reilly, senior vice president at American Express Open.. “That’s how Small Business Saturday got its start.”

Organizations such as the Miami Beach Chamber of Commerce and Coral Gables Chamber have turned Small Business Saturday into a communitywide event.

“We decided to participate because in Coral Gables we support our small businesses,” said Mark Trowbridge, president and CEO of the chamber that is participating for the second year. “Coral Gables is an economic engine and our small businesses help to drive that engine.”

American Express cardholders who sign up at shopsmall.com will get a $25 credit on their bill if they make a purchase from a participating business on Small Business Saturday. Participating businesses get free marketing support from American Express via a toolkit on its website.

On Saturday, the Coral Gables Chamber, along with American Express, the Village of Merrick Park and Books & Books will host a day of activities, including a $100 Startup Competition, inspired by the best-selling book by Chris Guillebeau. Entrepreneurs are encouraged to bring their most innovative ideas for a business that can be launched with just $100 (register at http://100dollarstartup.co). Finalists will pitch their startup ideas to the public at the 4 p.m. event, held at Books & Books in Coral Gables; a panel of judges will select the winners.

More than 30 Coral Gables merchants will take part in the day; many will feature discounts. At Klara Chavarria Contemporary Art, for instance, patrons can take advantage of free delivery and installation of any artwork purchased Saturday.

The free toolkit has proven an invaluable resource to business owners like Michael Nucci of Fort Lauderdale-based Bluewater Books and Charts, which sells nautical books to recreational cruisers. “We decided to participate last year and again this year because we thought it would give us an advantage on the sale season,” said Nucci, who will be offering a 15 percent discount on most items he sells on Small Business Saturday. “We got started and used the toolkit to get free posters made and to send out e-mail and social media promotions to attract customers. It’s a great thing for small businesses in this economy.”

In Kendall, the Recycled Closet, a consignment shop for teens, is offering 20 percent off its already discounted clothing. “I’m so glad to see American Express and communities around the nation working to help by dedicating a day to the small business owner,” said owner Jennifer Kaloti.

In Miami Beach, small businesses are embracing Small Business Saturday, said Ana Cecilia Velasco, executive vice president and chief operating officer of the Miami Beach Chamber of Commerce. “As we are a tourist destination and get heavy traffic specifically for shopping during this time, it is a natural for us to highlight the event. Small Business Saturday makes sense to us as well because Miami Beach is known for its boutique shops.”

To survive the craziness of the season, consumers may want to treat themselves, too. At Pure Therapy, in the W Hotel on South Beach, customers get a $25 gift card with purchases of $100 or more and items from local designers will be 10 percent off on Saturday. In Bal Harbour, Gee Beauty, one of the only independently owned small businesses in the Bal Harbour Shops, will treat customers to a complimentary Gee Beauty Brow shaping with a purchase of $100 or more.

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Growing middle class feeds spirits business in Latin America

Diageo executive Randy Millian is proud of the fact that eight out of every 12 times someone pours a standard or premium whiskey in the Latin American and Caribbean region, they’re drinking one of his company’s brands.

That kind of dominance is why the spirits giant is bullish on its future in Latin America, which recently has been the fastest growing region for Diageo worldwide. In 2012, the Latin America and Caribbean region represented 12 percent of Diageo’s net worldwide sales and 11 percent of the company’s operating profit. Diageo hopes Brazil will become one of its top three markets by 2017, behind the U.S. and the United Kingdom.

But getting there hasn’t been easy. During periods of economic and political unrest in the region over the last decade, there were times when it would have been more profitable for Diageo to pull back, said Millian, president of Diageo Latin America and the Caribbean. Yet, the company focused on growing its scotch business across the region and it paid off. Over the last eight years, Diageo has increased sales more than two and a half times and almost tripled its operating profit.

“I believed it would get good,” said Millian, who supervises more than 3,000 employees across the region and 119 in Miami. “But I’m not sure I realized it would get this good.”

Millian has been running the region out of Diageo’s Miami office for more than a decade. But he’s also no stranger to this part of the world. He first lived in Argentina as a child and during his career has done stints in Venezuela, Brazil, Mexico and Costa Rica.

The Miami Herald sat down with Millian during a media day, which was part of a Diageo investor conference in Miami spotlighting the success in the Latin American and Caribbean region. Here is some of what Millian had to say:

Q. Has your growth over the last decade been comparable to Diageo’s growth around the world?

We would definitely be in the top positions in the league within Diageo. That’s one of the reasons they’re focusing on us. Like many corporations, the emerging markets have a huge potential for growth. I’m including Asia-Pacific, Africa and Latin America. We are seeing higher growth rates than we are seeing in the developed world, especially Europe. Although the U.S. is starting to come back, the growth rates in the emerging markets are significantly higher.

Q. What is driving the growth Diageo is experiencing in Latin America?

The improved demographics. You now have over 50 percent of the population who is middle class. You have had an increase in spending. Not only are there more people in the middle class, but you have more people in the (upper) class. We expect over the next year to have 60 million more people in the (upper) class. They’re also learning to spend money in different ways.

Q. In what countries do you see the most growth or most opportunities for future growth? Is Brazil the main focus?

There has been broad growth in Brazil, Colombia, Mexico, Chile and Peru. We have seen it all over, but those would be the ones we’re focusing on. It’s not just Brazil, it’s throughout the region.

Q. Why did you remain committed to this region over years when there was not a lot of growth and there was a lot of political and economic unrest in some countries?

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Panama Canal’s $5 billion makeover could be boon for South Florida

PANAMA CITY, Panama --
Huge yellow dump trucks resemble Tonka toys in a sand pile as they haul tons of rust-colored dirt and basalt rock from a 56-foot gash in the earth that will become a new access channel in the $5.25 billion expansion of the Panama Canal.

The trucks keep rumbling up muddy terraced slopes as a quick-moving storm blurs the horizon. The rain chases away workers pouring concrete for a mammoth set of locks that will lift super-size ships for their transit across the narrow Isthmus of Panama, but the crews are back in the pit as soon as the sun returns.

By April 2015, it will all be under water — ready for the ever-bigger vessels revolutionizing international trade. The expansion is expected to double the canal’s capacity.

The 2015 target is about six months behind schedule, but U.S. ports are still scrambling to ready their channels for so-called post-Panamax ships and some say they welcome the reprieve. At this point, Baltimore and Norfolk, Va. are the only ports along the Eastern Seaboard with channels deep enough to handle the vessels when they’re fully loaded.

Call it the race for deep water as ports up and down the East Coast, including PortMiami and Port Everglades, and along the Gulf of Mexico make plans to dredge their channels, shore up their docks or rustle up funding for renovations to receive the big ships. Many won’t be ready by the time water floods the new locks.

PortMiami in position to cash in

PortMiami is further along than most and is hoping that early advantage and its position as the first major U.S. port north of Panama will make it a preferred port of call for post-Panamax ships.

Latin American and Caribbean ports also are trying to figure out how to capitalize on the expansion.

As this new phase of canal construction nears completion with 13,000 people working around the clock, there is renewed interest in preserving the history of the old Panama Canal Zone as well as the legacy of those who worked and died building the canal.

While the 50-mile-long Panama Canal has provided a maritime shortcut between the Atlantic and Pacific for the past 98 years, it’s just about maxed out.

This year vessels from the four corners of the globe — car carriers from Japan, bulk carriers loaded with soybeans and wheat from the U.S. heartland, oil tankers, towering container ships carrying the output of Chinese factories to U.S. retailers — are expected to move a record 332 million tons of cargo through the waterway, said Jorge L. Quijano, chief executive of the Panama Canal Authority.

That’s only about 20 million tons short of the canal’s capacity, he said. The canal is also popular with cruise lines and dozens of cruise ships are being built that exceed the size limits of the current canal.

But the more immediate problem is that the huge cargo ships increasingly favored for trade with Asia are too wide, too long and too heavy for the current canal.

With a growing number of ships in the post-Panamax category — exceeding the specifications for the largest ship that can fit through the existing locks — the Panama Canal must expand or risk losing market share.

And post-Panamax vessels aren’t even the biggest on the high seas. Post-Panamax Plus ships, such as most U.S. tankers that carry liquefied natural gas bound for Asia, are five times too big for the Panama Canal.

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Jolly holiday shopping season already underway

Lilian Stoppa and Renata Rosa stepped out of Target in Midtown Miami with a cart piled high with holiday gifts.

Landing in Miami on Thursday morning for a five-day shopping spree, they already had spent $800 by mid-afternoon on presents for family members: toys for Rosa’s daughter, beauty items for Stoppa’s mother, plus lots of other stuff.

“This is just the start,” giggled Stoppa, 30, who works with Rosa, also 30, at a Sao Paulo telecom company. Their next stops: Sawgrass Mills, Aventura Mall and Bal Harbour Shops, if their money holds out. “We came to Miami to shop because it’s very much cheaper than in Brazil.”

Tourists like Stoppa and Rosa are exactly the reason retail experts predict Florida’s holiday shopping season will see its highest increase since the recession.

Across South Florida, stores are getting a head start on the holidays in hopes of cashing in. Sales are already underway everywhere from Neiman Marcus and Nordstrom, to Macy’s, Toys“R”Us and Anthropologie.

The Florida Retail Federation forecasts that Florida will see a 5.2 percent jump in holiday spending from $55 billion in 2011 to $58 billion this year, marking the highest percentage growth predicted since the economic slump began. Pre-recession, retail sales peaked at $54.3 billion in 2006.

“All of the indicators point to what we believe will be a very robust holiday shopping season,” said Florida Retail Federation President and Chief Executive Rick McAllister.

That also translates into more than 42,000 new retail jobs, he said.

Buoyed in large part by tourists and snowbirds, Florida is expected to outpace the nation in spending for the holiday season, as it did before the recession.

This year, the National Retail Federation is predicting holiday spending nationwide to rise 4.1 percent. On average, consumers are expected to spend about $750 each.

Economists point to strong consumer confidence as a major factor contributing to a stronger shopping season.

“By and large the consumer is very confident right now, and that usually leads to spending,” McAllister said.

Other indicators also point to a healthy season. ICSC, a trade association for the shopping center industry, this week released its ICSC-Goldman Sachs 2012 Holiday Spending Intentions Survey, which found that 19 percent of consumers plan to spend more, and 5 percent substantially more, on holiday gifts this year versus last year. It was the highest percentage of consumers reporting they intend to increase spending over the previous holiday season since ICSC began asking the question in 2004.

Retailers like West Elm are ready, beckoning gift givers. Stores are decked out with sparkly, eye-catching displays of items like candlesticks, ornaments and crystal paperweights.

“We’ve had lots of people shopping early, for several weeks,” said Ana Meza, an assistant manager at West Elm in Midtown Miami.

Without question, the holiday season is critical for retailers, a period when they typically generate 20 percent to 40 percent of the full year’s revenue.

This year brings an added bonus. With Thanksgiving falling early, the shopping season is stretched to 32 days, giving retailers more valuable time to rack up sales.

Shoppers like Jose Hernandez aren’t waiting for the last minute. Hernandez, who works as a civilian supervisor at the Naval Construction Battalion Center in Gulfport, Miss., and spends every other three months home in Miami, started his holiday shopping this week. He figures he spent $2,000 at Carter’s, GUESS, Marshalls and Target in Midtown, and plans to spend a total of $5,000 — up 40 percent from last year — before Christmas Day.

“The economy is going up,” said Hernandez, 44.

Yet experts say that many holiday revelers will avoid the stores all together, opting instead for online purchases.

Retail experts expect e-commerce to continue to post a dramatic increase this holiday season, up 15 percent. Though it still represents only about 5 percent of all shopping, online buying is the fastest-growing segment of the retail industry, McAllister said.

Many online sites are offering percentage discounts starting this weekend. Disney Store will offer a selection of “Magical Friday” deals on sale beginning Monday, at DisneyStore.com. Kohl’s is letting customers shop more than 500 “Early Bird specials” on Kohls.com starting Wednesday.

While apparel is expected to be the top category for purchases, gift cards are again projected to outsell any single article of merchandise. The National Retail Federation’s 2012 holiday consumer spending survey showed that 81.1 percent of shoppers will purchase at least one gift card, spending an average of $156.86 on them.

“Gift cards are the best invention ever,” said Jennifer Mayer, 44, a drug representative who has three daughters and lives in Miami Beach. “It’s not for everyone, but it’s great for those you don’t intimately know.”

This year, Mayer plans to buy gift cards at places like Starbucks, H&M, Forever 21 and Barnes & Noble.

“They’re great for bosses. They’re great for teenagers,” she said. “They’re a lifesaver.”

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Builders trade groups merge in South Florida

The Florida Atlantic Building Association was created recently through a merger of the Builders Association of South Florida, which was active in Miami-Dade and Broward Counties, and the Gold Coast Builders Association, which focused on Palm Beach County.

The new regional trade group, focused on government affairs issues that affect builders in South Florida, from Palm Beach to the Florida Keys, will hold an installation meeting for officers and directors Nov. 30 at the Fort Lauderdale Museum of Art.

Florida Atlantic Building Association is affiliated with the Florida Home Builders Association and National Home Builders Association.

Ben Solomon, vice president and general counsel of the new trade group, which has more than 300 members, said the merger, coming on the heels of hard times in construction, provides economies of scale and a larger coverage area for builders and related professionals. “It’s an opportunity as the market rebuilds to associate with a strong association,’’ he said.

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Job fair Thursday in Miami Lakes

One of the region’s most popular job fairs returns to Miami-Dade County on Thursday, Nov. 15, with more than 1,000 openings available.

Job News, which sells employment ads and rents out space at job fairs to companies, will hold its last fair of 2012 at the Don Shula Hotel in Miami Lakes. The hours are 10 a.m. to 2 p.m., and both admission and parking are free. Job News says more than 35 companies will be on hand looking for workers, including the Loews Miami Beach hotel, Flightstar Aviation, Okey Dokey grocery stores, and Borden Dairy.

More information is available at jobnewsmiami.com, where participants are encouraged to register ahead of time in order to avoid check-in lines. Job News recommends bringing 30 copies of a resume to the event.

DOUGLAS HANKS

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Think local, former U.N. leader Kofi Annan tells Miami forum

In the Ritz-Carlton ballroom in Coconut Grove on Monday, Kofi Annan, the former Secretary-General of the United Nations, addressed a crowd of well-dressed world savers to open the Continuity Forum of the Americas Business Council (abc*). In a speech that touched on the environment, the Arab awakening, democracy in Latin America, the spiraling conflict in Syria, nuclear war and resource scarcity, Annan encouraged attendees to address these and other problems by thinking local.

“People ask me all the time, ‘what should one do to become a global citizen?’ I tell them, get involved with your community, your city, your town, your village,” Annan said.

For abc*, a think tank dedicated to “people, planet and philanthropy” in the Americas, Miami is the center of that community. Smack dab in the middle of the hemisphere, for two years Miami has hosted the annual Continuity Forum that attracts more than 300 people from all over North and South America. Rebecca Mandelman, senior director of the abc* based in Miami Beach, said she has recently seen more and more of these would-be world changers coming to Miami to stay.

“There’s this intellectual thirst in Miami that brings a lot of these forces together,” Mandelman said. Referring to the co-sponsoring organizations — many of them local, like the Knight Foundation, Univision, PODER magazine and technology company Ico Group — she said, “Miami is like the fulcrum, the center for people in our community.”

The three-day conference, which sold tickets in advance, features a full roster of impressive speakers, including Apple co-founder Steve Wozniak, former Florida Gov. Jeb Bush and Facebook co-founder Chris Hughes. But the main focus is the competition between 32 “social entrepreneurs” who will present their projects to be judged by the five chairman of abc* and the foundation’s 23 fellows. The best three projects will receive $100,000 grants, media support and business connections for two years.

“We evaluate them by their potential to make the greatest impact,” said Mario Scarpetta, director of Colombian cement and energy company Inversiones Argos and co-chairman of abc*. To evaluate their effectiveness, he said abc* would review each project’s “strategic business plans and economic models of their impact.”

The projects range from a museum of sacred Peruvian plants and an indigenous tourism agency in Mexico to a Nicaraguan organization dedicated to fighting cancer and a “green roof” sustainable building company. The presentations, videos and question-and-answer sessions took place in English and Spanish, and Mandelman said she hoped the casual conversations between sessions would lead to future ideas and organizations.

Even entrepreneurs whose projects are not chosen for the abc* grant have the opportunity this week to interact with investors and leaders of the industries they seek to influence. Pati Ruiz of Grupo Ecológico Sierra Gorda in Mexico said her alliance of five conservation organizations is already active in central Mexico, but if awarded the grant she would use it to expand to the rest of the country and into South America.

“The strength of our project is that it’s already up and running,” Ruiz said in Spanish after her presentation. “We have the tools to expand and reproduce what we’re doing.”

Although most of the conference attendees were excited about the ideas, some expressed frustration with the lack of avenues for individuals to get involved.

“I think that’s the problem with a lot of these conferences: There are no action items, nothing you can really do if you’re not a big-time donor,” said one attendee who didn’t want to be named because he works for one of the co-sponsors of the conference. “We come, watch, applaud and leave.”

Still, abc* continues to connect some of the most creative innovators in a younger generation to current political and business leaders who have the resources to give their ideas wings, Mandelman said, and the rest of the Continuity Forum promises to help make this happen.

“We believe that collective engagement can advance the Americas,” she said.

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