South Beach’s famous Raleigh Hotel has been sold for $55 million, and the new owners are already quite familiar with the area’s hospitality industry. They own some of the Raleigh’s rivals. Sam Nazarian, who just opened the SLS Hotel on the same block, and David Edelstein, owner of the W…
Lets party like it’s November 2008. Yes, Florida’s unemployment has dropped to its lowest level since that month.The state released new unemployment figures for November 2012 today, and the rate now stands at 8.1 percent. That’s a drop of 0.4 percent from the previous month’s rate of 8.5 percent. It’s…
With Miami’s luxury market going bananas again and Indian Creek mansions hawking for $47 million a pop, it’s easy to forget that the average Dade homeowner is still deeper underwater than James Cameron’s submarine. In fact, a new report out this morning says Miami now has the fifth highest rate…
Rick Scott tapped Hunting Deutsch to lead the Florida Department of Economic Opportunity earlier this year, a position some refer to as the “Job Czar.” Which is kind of ironic, considering Deutsch hadn’t been able to find himself a job for nearly three years prior to the appointment. After losing…
Patrons of Miami’s only nudist beach are worried they’ll be getting an eyeful of Miami-Dade’s newest erection — a big ol’ boat house right in the middle of their parking lot. Nudists are headed to Tuesday’s county commission to protest plans sponsored by Councilwoman Sally Heyman for a large boat…
It was a two-story house, periwinkle blue with white window frames and a mottled stone chimney facing the street. It was built in 1926 on NE 68th Street in a neighborhood called Elmira, so named for the upstate New York town from which its first residents had come. It, along…
While scores of Miamians lined up to get deals on $2.99 waffle presses and half-priced flat screens, or whatever it is that whips those Black Friday shoppers up into a frenzy, several disgruntled Walmart workers were there to great them.The local workers joined a national movement protesting Walmart’s questionable treatment…
Lets party like its …um, 2008. We’re still not quite back to pre-economic meltdown levels yet, but Florida’s unemployment rate has dropped to its lowest number since October of 2008.As of last month, Florida’s unemployment rate was 8.5 percent. That’s down from 8.7 percent in September…
As evidences by this BuzzFeed listicle the racist folks of American Twitter were none too pleased that President Barack Obama won reelection on Tuesday, and a new analysis by Floating Sheep found that most of the racist Tweets were coming out of — surprise! — the South. Don’t worry though,…
So, as we informed you this morning, it’s totally illegal in Florida to take a picture of your marked ballot. Well, the Connie Mack campaign only reads Riptide when we write something about Connie Mack (usually followed up by a terse e-mail). So, Mack is just retweeting out pictures of…
They can be truly hard to find in Miami, always lost between the film crews chasing Kardashian sisters to their next luxury club, the Russian oligarchs loudly racing Brazilian expats in souped up Lotuses, and the parade of art-collecting billionaires snapping up property in Fisher Island.But Miami does have a…
If only we could find a way to host Wrestlemania not just every few years, but all year long. Then maybe we’d get our economy heading back in the right direction. According to a study commissioned by World Wrestling Entertainment, this past year’s Wrestlemania, held at Sun Life Stadium, had a…
The 20,000-square-foot Palm Island mansion that once belonged to fallen prince of hip hop Scott Storch is now rightfully back in the hands of rap royalty. Birdman, the guy everyone from Nicki Minaj to Drake calls “boss,” just scooped up the massive home for $14.5 million. …
Less than 10 months after it opened, Grand Central Park has now been sold to developers for $35 million.The park, always meant to be temporary, is on the former site of the Miami Arena and wedged in between the future sites of two new large-scale development projects…
An average family will spend hundreds of thousands of dollars raising a kid up until the age of 18, but that number might be significantly higher in Miami. According to an analysis by Bundle.com, Miamians spend the the third most on their bebés behind only two New York City boroughs…
Florida uses the federal government like a sugar daddy. The Sunshine State leads the other 49 in both the total amount of money and the money-per-capita it received from the feds in 2011. That doesn’t even include that high-speed train we didn’t get.According to a CNBC analysis, Florida received $577.80…
Cuban chain restaurant Las Culebrinas is the latest Miami eatery to face charges of withholding employee salaries. According to a lawsuit filed on September 17 in District Court, the franchise’s Coconut Grove outlet didn’t pay one employee for close to five years, and also kept other workers in the dark…
When it comes to the economy Florida consumers have been muttering “Oh man, I hate that stupid thing” for the past five or so years, but according to numbers released today Florida’ consumer confidence has hit its highest level in five year. Which means Floridians are feeling more optimistic than…
There are few places in America where the contrast between the rich and the poor are as stark as they are in Miami-Dade County. While the rich are popping bubbly on their yachts and going in on $400 bottle service, the poor black out their windows because they can’t afford…
As many as 1,209 workers could find themselves out of work soon. American Airlines has filed a notice with the state that it plans to layoff up to 1,414 people between November 16 and December 16, just in time for the holidays. The vast majority of those jobs will be…
Plans to erect a giant Walmart smack dab in the middle of the Wynwood/Midtown area have garnered headlines, but that’s just the tip of the iceberg for Walmart’s plans for Miami-Dade. The controversial big-box chain is looking to add six more stores in Miami-Dade in the next two years…
Miami Beach is quickly becoming the capital of parking garages designed by world renowned architects. This week, the community got its first in depth look at what the latest, designed by Zaha Hadid — perhaps the world’s leading female architect — will look like. To our relatively uninformed eyes, it…
