Business

The average amount paid for a condo in Miami-Dade rose in July for the first time since the real estate boom of 2008. Though, the total number of condos sold dipped slightly since June…

Not even Burt Reynolds and his legendary mustache are immune to Florida’s foreclosure fiasco. According to a lawsuit filed by Merrill Lynch Credit Corp., Reynolds hasn’t made a mortgage payment on his multimillion-dollar mansion in Hobe Sound since August 2010. Not even the Bandit himself can keep himself out of foreclosure. …

Poor Mike Miller. He sat out a good chunk of last season with a thumb injury, only to return to not win the NBA Finals. Now it turns out he was taken for a financial ride by Ponzi schemer Anthony John Johnson. Guy just can’t catch a break. Of course,…

Guess we woke up this morning in the mood to piss off some rich people. The Indian Creek Country Club is Miami-Dade County’s most exclusive, and controversial, private society. Even the millionaires and billionaires of Indian Creek Village, the island just west of Surfside where the club is located, are…

Rick Scott spent his entire morning today serving doughnuts at a shop in Tampa in an effort to paint himself as a creator-of-jobs governor and score some publicity points. Of course, directly after, he got on a talk radio show to talk all about it.Scott was chatting on WFTL 850…

After receiving 105 bids, a latex mask modeled on Florida’s favorite not-quite-murderer sold on eBay for $999,900 last night. Don’t worry — shipping was free.”Prophunter,” the Los Angeles vendor who listed the mask, wrote in the item description that “Halloween is only a few months away. Forget Freddy, Jason, Meyers,…

The Raleigh Hotel already has an air of unfussy chic that’s unique in South Beach, but in this town everyone needs an occasional nip and tuck to stay looking good. Signaling yet another financial move to indicate tourism is back in business after a recession-blamed bump, the hotel has secured…

Not everyone in Miami is on the up & up. Sure, your neighbor could have bought that brand-new Mercedes-Benz with the Christmas bonus. Or it could have been that narco slush fund in the Cayman Islands. The truth is that the Magic City is awash in foreign funds — much…

Despite a rocky beginning with those weird Jerry Seinfeld commercials, locally based agency Crispin Porter + Bogusky has continued to handle advertising for tech giant Microsoft. You might remember last year’s ads peddling Microsoft’s Windows 7 line of phones by highlighting Americans’ addiction to their smartphones. Particularly, you might remember one in…

​Times are tough in Miami-Dade. But before Mayor Carlos Gimenez proposed closing 13 libraries to cut costs, he hired Genaro “Chip” Iglesias to be his chief of staff and “deputy mayor,” at the price tag of $225,000 per year. And blogger Elaine de Valle reports there could be more deputy…

Miami-Dade Mayor Carlos Gimenez yesterday proposed cutting the county’s operating budget by $350 million. That includes whacking the library system’s $50 million budget to $24.5 million.It seems 13 libraries will be shut down.Riptide contributor Theo Karantsalis obtained the list of threatened libraries Thursday morning…

Don’t worry. If the upcoming NBA season actually happens, the Heat want to protect you from homicidal arepa dealers.City commissioners are scheduled to vote tonight on an ordinance that would prohibit hot dog vendors from selling food in the area surrounding American Airlines Arena, because the arena and whiny area restaurants…

The condition that the Florida Marlins change their name to the Miami Marlins as part of the deal for their new stadium has been well known locally for years. But the baseball-loving world at large (which we assume does not care much about the Marlins otherwise) apparently learned of the news last…

Jose Canseco isn’t sorry he published his ex-girlfriend’s telephone number on Twitter Friday night. He told us he’d do it again.We spoke with his ex, Leila Shennib, a fitness model. She said she’s been getting so many calls and texts offering to trade drugs for sex that Verizon has called to…

Update: The funding campaign seems to have been suspended by Kickstarter’s staff.Wanna get high? There’s not an iPhone app for that yet, but thanks to the ingenuity of Miamians there is now an iPhone case for that. A couple of local guys, according to their Kickstarter page, are trying to…

Lawyer Jose Baez didn’t start his professional career defending capital murder cases. Before he successfully got Casey Anthony off the hook for the murder of her 2-year-old daughter, he was just another guy who couldn’t get admitted to the Florida Bar because he was a deadbeat dad — the Orlando Sentinal reported Baez had a…

Not all shoppers in Miami-Dade are feeling the heat of the area’s crappy economy. The Village of Merrick Park, the poshest shopping mall south of Bal Harbour, lately has been doing gangbusters. Sales are up 10 percent from last year, with figures rising over the past 11 months. Good to know…

Then all the trees of the forest will sing for joy; they will sing before the Lord, for he comes, he comes to judge the earth. He will judge the world in righteousness and the peoples in his truth.Psalm 96:10-13Last Friday the Herald wrote a fawning article about Notre Dame…

With the player lockout putting the 2011-2012 NBA season into question, it’s only a matter of time before the league’s poor, mistreated multi-millionaires are forced to pick up second jobs for rent money, car payments and general “make it rain all over the poor people” supplies.But, without marketable skills that…

Here’s just another bit of info to pile on to illustrate the obvious: Miami’s Real Estate market is totally fucked. Excuse the profanity, but honestly is there any better way to describe? It is fucked. That’s what it is.Anyway, Business Insider compiled a not-so-cheery listicle, and determined that Miami will…

Governor Rick Scott wants to make Florida the best state to business in in the county, but a report by CNBC suggests he has a long way to go. In its annual rankings of business friendly states Florida came in at a respectable but not stupendous 18th place tie with…

Good news, Miami! LeBron James has not fled the country, nor does he appear to be too depressed for a few photos with some fellow squagillionaires. Apparently inspired by Venezuelan President Hugo Chávez’s release of pictures to prove he’s not too dead, LeBron’s business manager Maverick Carter tweeted several pictures…