Developer launches Upper Buena Vista mixed-use project

Renderings of Upper Buena Vista Developer Michal Aviv has launched a project in Miami’s Buena Vista neighborhood, aimed at retaining the area’s charm. Upper Buena Vista, a mixed-use development north of the Design District, will span 60,000 square feet and include retail, a 24-room luxury bed and breakfast, and rental cottages. “The general idea is…

Fed finally raises short-term interest rate

From the New York website: For the first time in nearly a decade, the Federal Reserve opted Wednesday to raise short-term interest rates, signaling growing confidence in the U.S. economy and completing an action that those in the real estate industry had long expected. The Fed raised its benchmark interest rate by 0.25 percentage points,…