Some of our South Florida readers may know that major metropolitan areas across the country are vying day and night to host conventions and symposiums held by trade associations, advocacy groups or sports organizations. These events bring much-need revenue to cities throughout America. But sometimes an organization will select a certain city to highlight that area's contribution to their overall goal. It appears that was a major factor for a recent event in Miami, the annual conference of the Global Diversity Summit.
According to a recent article, the event, which was held on November 6 and 7, is a regular part of the organization's goal of helping minorities involved in commercial real estate transactions. The article indicated that the event is usually held in Atlanta, Georgia. However, it appears that the surging commercial property market in South Florida, where office buildings and retail centers are beginning to see some of the same good indicators that the residential real estate market has enjoyed for some time, was an irresistible draw for the organization.
With numerous panels and seminars taking place over the two-day period, the organization's leaders said that the idea was to facilitate an event in which some of the most prominent players in the real estate market could come together and exchange ideas. The event benefited from the participation of dozens of local sponsors.
The Miami area may stand out as one part of the country where the real estate market is making strides toward balance, but attendees at the recent conference no doubt included many who would like to see the same resurgence duplicated in other corners of America. With the national economy stagnant, here's hoping that the Global Diversity Summit helped in this important sector.
Source: South Florida Business Journal, "Miami event promises to help minorities in commercial real estate," Oscar Pedro Musibay, Oct. 31, 2013