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Business

Showing 155 - 176 of 1257

Shareholders Reeling in Wake of Miami SPAC-Merger Deals

By Naomi FeinsteinApril 27, 2023

A set of high-priced merger deals by John Ruiz’s partner in Cigarette Racing have left some investors dazed and confused.

Hedge-Fund-Owned McClatchy Axed Miami Herald Employees on Good Friday

By Naomi FeinsteinApril 18, 2023

“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 LifeWallet Defers Debt Payments, Warns of Accounting Blunders

By Izzy KapnickApril 17, 2023

John Ruiz’s company just pushed back its debt payment deadlines while advising investors of accounting mistakes that rendered its financial statements unreliable.

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Mum’s the Word? McClatchy Newspapers Skip Coverage of Their Owner’s SEC Charges

By Naomi FeinsteinApril 10, 2023

You could hear crickets in the McClatchy news landscape after federal regulators announced a multimillion-dollar case against the media company’s owner.

Crunch Time: John Ruiz’s LifeWallet Delays Annual Report, $60 Million Payment

By Naomi FeinsteinApril 7, 2023

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.

a bald man, wearing a white shirt and blue jacket, stands in front of a plant wall

“It Should Be Gravy”: Miami Magnate John Ruiz Bites Back After Cano Health Drama

By Naomi FeinsteinApril 4, 2023

Miami Beach billionaire Barry Sternlicht resigned from Cano Health in fiery fashion after the company’s share value vaporized over the last six months.

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Last Call: Development Uproots Happy’s Stork Lounge

By Joseph ContrerasMarch 29, 2023

Legendary North Bay Village dive bar Happy’s Stork Lounge is moving out of the premises it has occupied for more than 70 years.

Last Hurrah? Thirty More Days of Early Morning Boozing in Miami Beach (UPDATED)

By Izzy KapnickMarch 20, 2023

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.

Cryptocurrency Exchange Suspends Trading of Suarez-Backed MiamiCoin

Cryptocurrency Exchange Suspends Trading of Suarez-Backed MiamiCoin

By Naomi FeinsteinMarch 16, 2023

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.

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Affordable New “Micro-Units” Slated for Little River, Edgewater

By Jess SwansonMarch 2, 2023

The Healthy Housing Foundation and Glavovic Studio are hoping their projects will serve as a model for sleek, affordable housing in Miami.

Feds Plan to Seize Russian Oligarch’s Luxe Fisher Island Properties

By Alex DeLucaFebruary 28, 2023

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.

Rigged Rent? Residents Allege Massive Price-Fixing Scheme in Miami Apartment Market

Rigged Rent? Residents Allege Massive Price-Fixing Scheme in Miami Apartment Market

By Izzy KapnickJanuary 20, 2023

A class action complaint claims skyrocketing rent in the Miami metro area has been exacerbated by a pervasive price-fixing scheme.

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Flo Rida Drops Beats for Jury in High-Stakes Case Against Celsius

By Naomi FeinsteinJanuary 12, 2023

The rapper and his legal team played a medley of his hits in the middle of a heated court battle against beverage company Celsius.

Bon Voyage! Crypto Firm FTX’s Miami Lease Deals Axed in Bankruptcy Court

By Izzy KapnickJanuary 10, 2023

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.

For Sale: North Miami Condo Is a Stunning 1970s Time Capsule

By Jess SwansonJanuary 6, 2023

“Every home needs two things,” the Zillow Gone Wild post teases, “and this Miami home has both.”

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Miami’s Last Sears Store Eyed for Dense Residential Development

By Maya WashburnDecember 29, 2022

Some residents fear there’s no room for a planned 800-unit complex next to the Coral Gate community.

Commenters Suggest Free Cocaine, Strip Club Visits to Entice Twitter to Relocate to Miami

By Miami New Times staffDecember 7, 2022

The Miami mayor is trying to entice a disillusioned Elon Musk to make the move to the 305.

Lawsuit: Miami Beach Failed to Seek Voter Approval of Land Transfer to Bulgari Hotel Project

By Izzy KapnickNovember 28, 2022

Outspoken Miami Beach resident Mitch Novick wants the court to axe a $7.4 million transfer of city land rights to developer BHI Miami.

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Five Francis Suarez Crypto Tweets That Aged Like Milk

Five Francis Suarez Crypto Tweets That Aged Like Milk

By Joshua CeballosNovember 11, 2022

Once upon a time, Miami Mayor Francis Suarez applauded crypto exchange FTX’s move to Miami. Now that the company is flailing, let’s look back at the irony.

Miami Beach Voters Will Decide the Fate of the Historic Deauville Hotel Site

By Maya WashburnNovember 3, 2022

The Miami Beach icon is headed into the final stage of demolition. What happens next is up to Miami Beach voters.

700 Euclid: Another Slice of Miami Beach History Crumbles

By Naomi FeinsteinOctober 28, 2022

Miami Beach’s landmarks are slowly being erased as they succumb to the elements and the hunger for redevelopment.

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Surfside Collapse Investigators Can’t Access Their Evidence

By Joshua CeballosOctober 21, 2022

Investigators say the final report on the Champlain Towers South collapse likely won’t be issued until 2025, partly because of trouble securing adequate storage for evidence.

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