Business and civic leaders from around Miami and South Florida joined last week at the Biltmore Hotel to honor Peter Dolara for his service to the South Florida community as Vice President of American Airlines. Mr. Dolara, who joined the airline in 1963, will retire handing over the Vice President post to Art Torno. American Airlines has about 9,000 employees in South Florida and more than 300 flights a day, up from just 18 flights in 1989 when Mr. Dolara took the helm. Pictured: Art Torno, Miami International Airport Director Jose Abreu (receiving Eagle Award) and Peter Dolara.
It finally has happened! Our inventory of single family homes in Coral Gables dropped to less than 300 properties (295)...the lowest it has been since the peak sales period of 2005-06 when prices were at their highest and we were down to less than 200 homes. Then inventory slowly expanded to over 650 homes in the sluggish years of 2007-08 and buyers were scarce. Today, of the 295 homes on the MLS, 123 properties are less than $1M, and 172 homes are at $1M or above. Now is the time to buy in the Gables while you still have a selection of affordable properties.