News Archive for 2003

December 21, 2003

The 100 Most Powerful People


South Florida CEO
“These are the people who make things happen, and change the course of entire communities…” With the largest institutional real estate firm in Florida, Philip Blumberg is actively changing the Miami community for the better. His involvement goes far beyond real estate investment to include work as a University of Miami trustee among [...]

December 5, 2003

Miami Dade Power Dozen


The Miami Herald
What does it take to be a member of Miami Dade’s most influential business leaders? According to Philip Blumberg, CEO of American Ventures, “have a vision, prepare like hell, persevere and treat people fairly along the way.” Full story (PDF,1446KB).

October 10, 2003

Making Markets Work for Inner City Revitalization


Inner City Economic Forum
“Investing in inner cities is an economic imperative for the country’s long-term prosperity and equity.” American Ventures, Florida’s largest real estate investment firm, takes this message to heart with the development of several Urban Initiatives Funds. According to CEO Philip Blumberg, the funds provide mezzanine capital to targeted community real estate projects. [...]

September 9, 2003

Urban Initiatives Fund Launches in Miami, New Mexico


South Florida Business Journal
American Ventures, a Florida-based real estate fund manager, is launching two real estate investment funds that offer mezzanine debt financing for experienced developers. According to CEO Philip Blumberg, the first to benefit from the funds are urban neighborhoods in Miami and Albuquerque, New Mexico. Full story (PDF,327KB).

September 5, 2003

Investment Funds Created for Urban Core Areas


New Urban News
Real estate fund manager, American Ventures, sees opportunities for New Urbanism in infill locations. “Two new funding sources for infill development are coming into being, each with the potential to leverage a half a billion dollars or more of real estate in the next decade. American Ventures CEO, Philip Blumberg, believes that the [...]

September 4, 2003

Albuquerque’s Downtown Revitalization Looking Brighter with New Urban Initiatives Fund


Albuquerque Journal
With the creation of the New Mexico Urban Initiatives Fund, Florida-based American Ventures is moving ahead with the development of a six-story Gold Avenue Lofts building in Albuquerque. According to American Ventures CEO Philip Blumberg, “clearly there’s a beginning of a trend of not just retail activity but also residential growth.” Full story [...]

Downtown Catches the Eye of New Investment Fund


Albuquerque Journal
American Ventures Corp. has recently launched a real estate investment fund in New Mexico to help finance inner city projects. According to CEO Philip Blumberg, the public participation “shows a visionary perspective of what Downtown Albuquerque could be.” Full story (PDF,385KB).

May 15, 2003

Education Destination


The Miami Herald
“Intellectual capital is indeed the most prized resource going into the 21st century…” says Philip Blumberg, CEO of American Ventures. According to Blumberg, South Florida’s Universities and Colleges play a critical role in economic and community development. “The next step is to spread the word of higher education’s size, importance, and growth opportunities.” [...]