The median list price for a home in Miami increased to nearly $600,000, which would eat up 80 percent of the typical local family’s monthly income if they took out a mortgage and paid property taxes.
“I knew the ship was coming. All signs point to the money is gone,” one investor says. “At this point, I just hope they don’t fool anybody else.”
As open hostility towards the LGBTQ community in the state reaches a fever pitch, a South Florida vacation rental manager says her visitor volume during Pride Month was much weaker than expected.
“Wynwood is running out of space and they are coming here,” the owner of Nitin Bakery in the Little Santo Domingo district tells New Times.
“Educating is much more productive than just being an angry mob and creating tension,” the walk’s organizer Betty Osceola says.
A set of high-priced merger deals by John Ruiz’s partner in Cigarette Racing have left some investors dazed and confused.
“It definitely has left a bad taste in the mouths of a lot of staffers across this newsroom,” says Joey Flechas, co-chair of the One Herald Guild.
John Ruiz’s company just pushed back its debt payment deadlines while advising investors of accounting mistakes that rendered its financial statements unreliable.
You could hear crickets in the McClatchy news landscape after federal regulators announced a multimillion-dollar case against the media company’s owner.
Miami attorney and ‘Canes NIL king John Ruiz is staving off scrutiny of his company LifeWallet after a turbulent year in which the company’s $32 billion market capitalization went up in smoke.
Miami Beach billionaire Barry Sternlicht resigned from Cano Health in fiery fashion after the company’s share value vaporized over the last six months.
Legendary North Bay Village dive bar Happy’s Stork Lounge is moving out of the premises it has occupied for more than 70 years.
This could be the last Miami Music Week in which partygoers can guzzle booze till the wee morning hours in Miami Beach’s South of Fifth District.
The suspension of MiamiCoin trading is a big blow to the “most bitcoin-friendly mayor on the planet,” who claimed the city’s crypto revenue could one day replace municipal taxes.
The Healthy Housing Foundation and Glavovic Studio are hoping their projects will serve as a model for sleek, affordable housing in Miami.
The feds say Viktor Vekselberg’s friend quietly funneled money into the U.S. to maintain Vekselberg’s properties on Miami’s exclusive Fisher Island.
A class action complaint claims skyrocketing rent in the Miami metro area has been exacerbated by a pervasive price-fixing scheme.
The rapper and his legal team played a medley of his hits in the middle of a heated court battle against beverage company Celsius.
What’s the opposite of a ribbon-cutting ceremony? We’re not sure. But the vaporization of FTX’s Brickell office leases might come close.
“Every home needs two things,” the Zillow Gone Wild post teases, “and this Miami home has both.”
Some residents fear there’s no room for a planned 800-unit complex next to the Coral Gate community.
The Miami mayor is trying to entice a disillusioned Elon Musk to make the move to the 305.
