Corea del Norte ordena a los hospitales fabricar medicinas

Corea del Norte ordena a los hospitales fabricar medicinas

Ante la grave crisis sanitaria Corea del Norte ordenó a los hospitales que comiencen a fabricar sus propios medicamentos. Por Redacción MiamiDiario “A finales de mayo, el Ministerio de Salud Pública emitió una orden a los hospitales de cada provincia, ciudad y condado para fabricar sus propios medicamentos (…) Sin instalaciones para producir medicamentos, hay […]

La entrada Corea del Norte ordena a los hospitales fabricar medicinas se publicó primero en Miami Diario.

Miami condo sales bounce back

Miami condo sales bounce back



Condo sales in Miami-Dade last week reached pre-pandemic levels.

A total of 123 condos sold for $51 million last week in Miami-Dade County. That’s compared to 75 units that sold for $31 million the previous week. Condos last week sold for an average price of about $416,000 or $312 per square foot.

The top sale was at the Zaha Hadid-designed One Thousand Museum. After 194 days on the market, unit 3601 sold for $4.5 million, or $919 per square foot. Sylvia Fragos represented the buyer and seller of the four-bedroom, 5,576-square-foot condo.

The second most-expensive sale was at the Ritz-Carlton Residences, Miami Beach. Unit 201 sold for $4.2 million, or nearly $1,100 per square foot. It was listed for 118 days. The listing agent was Jennifer Markovich, and the buyer’s agent was Ilana Levitt.

Here’s a breakdown of the top 10 sales from June 28 to July 4. Click on the map for more information:

Most expensive
One Thousand Museum #3601 | 194 days on market | $4.5M | $919 psf | Listing agent: Sylvia Fragos | Buyer’s agent: Sylvia Fragos

Least expensive
Seacoast #1527 | 293 days on market | $1M | $485 psf | Listing agent: Ralph De Martino | Buyer’s agent: Francisco Mackintosh

Most days on market
Ocean One #2605 | 482 days on market | $1.35M | $515 psf | Listing agent: Karen Matluck

Fewest days on market
Grove Isle Condo #B509 | 7 days on market | $1.4M | $549 psf | Listing agent: Ilana Levitt | Buyer’s agent: Guillermo Freixas

The post Miami condo sales bounce back appeared first on The Real Deal Miami.

Horóscopo de Hoy, 7 de julio

Horóscopo de Hoy, 7 de julio

La frase de hoy   “La delicadeza sintetiza lo bello.” José María Eguren Doctora Aurora Horóscopo   Aries | Fecha: Del 21 de marzo al 20 de abril | Astro: Marte y Plutón | Elemento: Fuego Esfuerzo Hay que prepararse para un periodo en donde se va a exigir un nuevo nivel de esfuerzo de […]

La entrada Horóscopo de Hoy, 7 de julio se publicó primero en Miami Diario.

These real estate companies got fat PPP loans

These real estate companies got fat PPP loans

CIM Group’s Shaul Kuba, Knotel's Amol Sarva, The Agency’s Mauricio Umansky and Related Group’s Jorge Pérez (Getty, Sarva by Sasha Maslov)

CIM Group’s Shaul Kuba, Knotel’s Amol Sarva, Related Group’s Jorge Pérez and The Agency’s Mauricio Umansky (Getty, Sarva by Sasha Maslov, iStock)

In New York, California, Florida and Illinois a total of more than 1,000 real estate and real estate-related businesses received forgivable loans worth at least $1 million each through the Paycheck Protection Program.

That’s just a fraction of the newly-released loan data detailing recipients of PPP assistance, which includes tens of billions of dollars that went to brokerages, landlords, construction firms, architecture firms and hotels.

The Trump administration’s release of the massive data set follows the government’s July 4 approval of a third phase of applications for the $670 billion in PPP funding.

According to the SBA statistics released Monday, loans worth $1 million or more accounted for just 1.7 percent of all PPP loans issued, but made up 34.8 percent of the total monetary value.

The SBA’s figures show that $65 billion in PPP loans went to the hard-hit construction industry, $42 billion went to accommodations and food services — including hotels and restaurants, while another $16 billion went to real estate, rental and leasing.

The government data release does not provide specific loan amounts, only broad ranges like $5 million to $10 million, $2 million to $5 million and $1 million to $2 million, making it difficult to calculate total amounts by city or sub-industry.

In New York state, 24 real estate businesses received loans of $5 million or more, including co-working firm Knotel (retained employees: 159), Meridian Capital Group (retained employees: 330), and CIM Group’s the Dominick at 246 Spring Street, formerly known as Trump Soho.

CIM Group acquired the then Trump-branded hotel from developers the Sapir Organization and the Bayrock Group in a foreclosure auction in 2014, and the property no longer has any connection to President Trump.

Conflict-of-interest rules prevented businesses controlled by Trump and other senior government officials from receiving funds from the $2 trillion stimulus package in March. But businesses with less direct ties to the president — and the political elite in Washington more generally — have still been able to benefit greatly from the program.

And companies connected to the president’s son-in-law Jared Kushner, including Observer Media and two New Jersey hotels, have received PPP funds, the Daily Beast reported Monday.

The newly-released data also comes amid continued controversy over the program’s implementation, whose first two rounds saw hundreds of millions of dollars in Small Business Administration loans go to large, well-capitalized corporations. That’s despite the program’s stated goal of supporting small businesses hit hard by the coronavirus pandemic.

One of the largest recipients of PPP loans, Texas hotelier Monty Bennett, returned $68 million in PPP funds in May, citing “inconsistent federal guidance” and “compliance risk.” It also followed pressure for him to do so. Companies like Shake Shack, the Los Angeles Lakers and AutoNation also returned millions of dollars in loans.

PPP from coast to coast

Other notable New York-based recipients of PPP funds include Extell Development ($2 to 5 million, 88 employees), Pyramid Management Group ($2 to 5 million, 302 employees), and Thor Equities ($1 to 2 million, employee count not provided).

In Los Angeles, luxury residential brokerage the Agency received a $2 to 5 million PPP loan to retain 104 employees, according to the SBA data. Stimulus recipients in L.A. also included a number of Chinese developers, like Greenland Group, which received two $1 to 2 million loans to retain a total of 339 employees; and Shenzhen New World Group, which received two $2 to 5 million loans for a total of 533 employees. Shenzhen New World has been implicated as a major player in a bribery scheme surrounding recently-arrested City Councilmember Jose Huizar.

While U.S. subsidiaries of foreign companies are not barred from receiving PPP assistance, lack of guidance in the early days of the program had led to significant confusion among potential borrowers.

Last month, an L.A. marketing agency that had received a PPP loan sued its Canadian landlord Onni Group, alleging the foreign company was seeking “back-door” access to the program by demanding the funds be used to pay rent.

In South Florida, notable PPP recipients include Related Group affiliate PRH Investments LLC, which received $2 to $5 million to retain 232 employees, and Jeffrey Soffer’s Fontainebleau Development, which received $1 to $2 million to keep 87 employees.

In Chicago, one major recipient of PPP funds was the city’s oldest residential brokerage, Baird & Warner, which received more than $5 million for an unspecified number of employees.

The post These real estate companies got fat PPP loans appeared first on The Real Deal Miami.

Régimen de Maduro exigió encuentro con Alex Saab en la cárcel

Régimen de Maduro exigió encuentro con Alex Saab en la cárcel

El pasado viernes por la noche el empresario colombiano Alex Saab fue trasladado de manera sorpresiva de la cárcel central de Ribeirinha a la isla de Sal, donde fue capturado el 12 de junio. Rápidamente el régimen de Nicolás Maduro reaccionó y exigió un encuentro con Saab en prisión. Por redacción MiamiDiario Según informa el […]

La entrada Régimen de Maduro exigió encuentro con Alex Saab en la cárcel se publicó primero en Miami Diario.

UK home prices hit a low not seen since 2012

UK home prices hit a low not seen since 2012

(iStock)

(iStock)

Home prices in the United Kingdom dropped ever so slightly year-over-year in June, the first annual drop since December 2012.

Pricing across the country was 0.1 percent lower last month than it was in June of 2019, according to a study by mortgage lender Nationwide Building Society and reported by the Guardian.

Prices fell by 1.7 percent from May to June, a more significant drop than the 1.4 percent seen in December 2012.

The flattening of prices is directly related to the coronavirus pandemic, said Nationwide’s chief economist Robert Gardner, who called the slowdown “unsurprising.”

Gardner predicts that activity will pick up but remain below pre-pandemic levels as lockdown measures are eased in the U.K.

Better performance in April and May appears to have buoyed the market on a quarterly basis — no region of the country saw pricing drop from Q2 2019 to Q2 2020. [The Guardian] — Dennis Lynch 

The post UK home prices hit a low not seen since 2012 appeared first on The Real Deal Miami.

Horóscopo de hoy, 5 de julio

Horóscopo de hoy, 5 de julio

La frase de hoy:    Gritemos unidos, muera la opresión Himno Nacional de Venezuela       Por la Doctora Aurora         Horóscopo de Hoy   Aries |  Del 21 de marzo al 20 de abril | Astro: Marte y Plutón | Elemento: Fuego Cabeza Sientes que la cabeza te duele, tal […]

La entrada Horóscopo de hoy, 5 de julio se publicó primero en Miami Diario.

Real estate groups challenge San Fran’s permanent ban on coronavirus-related evictions

Real estate groups challenge San Fran’s permanent ban on coronavirus-related evictions

San Francisco Supervisor Dean Preston and San Francisco Apartment Association Executive Director Janan New

San Francisco Supervisor Dean Preston and San Francisco Apartment Association Executive Director Janan New

San Francisco’s landlords are not happy about the city’s recent ban on coronavirus-related evictions.

Four real estate trade groups sued the city this week over the ordinance, according to the San Francisco Chronicle. Mayor London Breed signed it on Friday.

The ordinance permanently bars landlords from evicting tenants for nonpayment of rent related to the pandemic.

The lawsuit was filed by the San Francisco Apartment Association, the San Francisco Association of Realtors, the Coalition for Better Housing, and the Small property Owners of San Francisco Institute.

They also want a judge to immediately suspend the law while the suit makes its way through court.

California’s state government put in place an eviction moratorium in late March and the state’s judicial authority recently decided they won’t consider any resumption timeline until early August.

Landlords sued over that decision earlier this month.

Beyond that, local jurisdictions have been allowed to craft and institute their own policies on evictions. In late May, the Orange County Sheriff’s Department started carrying out eviction orders that predate the pandemic.

The groups suing San Francisco claim the city’s ordinance conflicts with Governor Gavin Newsom’s moratorium and “will ultimately lead to more evictions as tenants are falsely led to believe that they can just stop paying rent.”

San Francisco City Supervisor Dean Preston, who sponsored the ordinance, called the lawsuit “disgraceful but not surprising,” according to the Chronicle.

Many jurisdictions are under pressure to come up with a more permanent solution. A recent UCLA study warned of a wave of evictions in Los Angeles County once local and state eviction moratoriums expire. [San Francisco Chronicle] — Dennis Lynch

The post Real estate groups challenge San Fran’s permanent ban on coronavirus-related evictions appeared first on The Real Deal Miami.

Detuvieron a Ghislaine Maxwell y Boris Jhonson comentó: “el príncipe Andrew tiene una historia que contar”

Detuvieron a Ghislaine Maxwell y Boris Jhonson comentó: “el príncipe Andrew tiene una historia que contar”

Hoy, Boris Johnson, el primer ministro británico, hizo referencia al escándalo del multimillonario pederastra , Jeffrey Epstein y su ex, Ghislaine Maxwell. Al respecto comentó que el príncipe Andrew “tiene una historia que contar”. Redacción MiamiDiario Ayer apresaron a Ghislaine Maxwell -en  New Hampshire- bajo cargos de tráfico sexual de menores, entre otros. Y ese […]

La entrada Detuvieron a Ghislaine Maxwell y Boris Jhonson comentó: “el príncipe Andrew tiene una historia que contar” se publicó primero en Miami Diario.

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeWork at 429 Lenox Avenue

WeWork at 429 Lenox Avenue (Credit: HFF)

The landlord of a WeWork location in South Beach is looking to evict the embattled co-working giant for what it says is more than $650,000 in unpaid rent.

A photo obtained by The Real Deal shows the three-day notice tacked onto the door of the 43,500-square-foot building at 429 Lenox Avenue, which is fully occupied by WeWork.

WeWork notice

WeWork did not pay rent in April, May or June, according to the notice. WeWork began operating at the South of Fifth location in early 2016, and its triple-net lease runs until 2031. Two years ago, Goddard Investment Group, which owns the building, secured a $23 million floating-rate loan through Granite Point Mortgage Trust Inc., a publicly-traded mortgage real estate investment trust.

WeWork has three business days from the date the notice was posted, on Thursday, to pay up, according to the notice, or it must leave the property.

In New York, the co-working company is shutting down its first-ever location as it overhauls its massive real estate portfolio following its failed IPO attempt last year.

Earlier this year, WeWork hired brokers at Newmark Knight Frank and JLL to negotiate concessions from landlords at struggling locations. If unsuccessful, some have speculated that WeWork could end up filing for bankruptcy. At its height, the company was valued at $47 billion.

In Miami-Dade, WeWork’s other locations include spots in Miami Beach at 350 Lincoln Road, downtown Miami, Brickell and Coral Gables.

The post WeDone: South Beach landlord seeks to evict WeWork for unpaid rent appeared first on The Real Deal Miami.