The real estate market in Miami may be slowly recovering, but that’s not good news for everyone. Foreclosures in the Miami metro area surged last month with one in 236 housing units in the market receiving a foreclosure notice. That’s more than four times the national average. The recent surge…
The future of one of the most storied buildings in Miami Beach is once again in question as the owner of Casa Casuarina, still widely known as the Versace mansion, filed for Chapter 11 bankruptcy at the beginning of this month. It’s just the latest chapter in the building’s recent…
Miami certainly has some astonishing pools, but we don’t think the city has ever seen anything quite like what star architect Zaha Hadid has in store for the rooftop of the One Thousand Museum. If you’ve ever wanted to dive under water and see the view from 700 feet above…
Well, maybe he’ll have more time to watch Heat games. Less than a week after his NBA team won its third championship, Micky Arison finds himself out of a major job. Carnival Corporation announced today that Arison will be replaced as CEO by Arnold W. Donald. Arison has been the…
Florida’s unemployment rate hit another recent record low in May, according to numbers released today. The state’s unemployment rate is now down to 7.1 percent. That’s the lowest rate since September 2008 and down .1 percent from April. Though, it’s not all good news, especially here in Miami-Dade…
It truly is an end of an era. Rosie O’Donnell is no longer a resident of Star Island. The comedienne first bought the historic home back in 1999 for $6.75 million from a marijuana-loving church, and sold it recently for nearly $10 million more…
Miami’s overall economy may still be in recovery mode, but that doesn’t mean we’re scrimping when it comes to our cars. Luxury cars and trucks make up a higher percentage of the Miami area’s overall auto sales than in any other market in the country…
A higher percentage of Miamians don’t have bank accounts than any other large city in America. A new survey finds 20.1 percent of Miamians have neither a checking nor a savings account. Another 21.4 percent are considered “underbanked,” meaning while they do have a bank account, they rely more on…
The retiree is the unofficial mascot of the Sunshine State, and apparently people 65 and older are doing pretty well for themselves when it comes to money. A study compared the median income of those 65 and older with the pre-retirement 45-64 age group. Nationally, retirees make just 57 percent…
Rick Scott is personally reaching out to businesses in other states to try and get them to relocate to Florida. Which, OK, sure, we’re all for, but because Scott is apparently and almost comically incapable of doing anything without controversy, it seems he’s only trying to poach companies from states…
Malaysian gambling conglomerate Genting has taken its plans to build a casino in Miami from its initial fast and furious blitzkrieg to a long and slow waiting game. In the latest sign that the company is no longer in a hurry to plop a mega-casino downtown, Genting has allowed a…
Well, at least his neighbors hopefully won’t have to complain anymore about all the filming that was going down there Yankees slugger Alex Rodriguez has reportedly sold his Miami Beach mansion for $30 million. He had bought the home in 2010 (while dating Cameron Diaz) for $7.4 million and then…
Earlier this week, in a cringe-worthy turn of phrase The Miami Herald business section declared that Miami’s Edgewater neighborhood is “located at the intersection of funky and trendy” after realizing, a few years too late, the neighborhood has experienced some classic gentrification. Of course, the Herald only bothered to get…
Ever wonder what part of the country all that hateful Twitter trash spews from? Well a new project out of Humboldt State University called “The Hate Map,” shows you exactly what parts of the country likes to include negative slurs in their Twitter communiqués. Interestingly, Miami-Dade is among the least…
Marlins Park was at the very least supposed to be something of an economic engine for the surrounding Little Havana neighborhood, but like so many other things promised about the deal, that turned out to be a lie, too. The Miami Herald reports this morning that three tenants who were…
This week The New York Times ran one of its periodic check-ins on the Miami real estate market. Nothing particularly new in there for people who already follow the ups and downs of the property market, but it is another reminder that Miami’s latest “boom” is being driven by rich…
Miami was pretty much ground zero for the housing bubble bust, but things have begun to look up, at least according to some numbers. Home prices in the area are up 11 percent since last year, but the Washington Post warns that any semblance of a recovery might be the result…
Florida’s unemployment level has once again fallen. Unemployment for the state was down to 7.5 percent this month, the lowest level since October 2008. Florida once again remains below the national level.The news isn’t quite so rosy for Miami-Dade’s numbers, though…
Matt Damon is apparently moving out of Miami Beach. Seven years after buying his North Bay Road mansion, the actor has put the spread on the market for a cool $20 million…
You’re first in the nation, Miami! Sadly we are not talking about the Miami Heat, we are talking foreclosures. Florida, during the first quarter, has been America’s foreclosure capital, while Miami leads all cities in Florida with a terrifying one in every 79 residences being involved in some sort of…
Hey, you 20-something in skinny jeans riding a fixie, Tropical Financial Credit Union wants to be the place where you store your money to save up for Coachella tickets. In fact, they may want you to be their new “Spokester,” which we imagine is some misadvised portmanteau of “hipster” and…
Financial guru Suze Orman may be packing up her partner and her jacket collection and moving to a state that recognizes gay marriage if the Supreme Court overturns DOMA.Orman currently lives in Fort Lauderdale with partner Kathy Travis, but the tax breaks that could come with federally recognized marriage could…
