Miami is a city that seems to reinvent itself every ten years or so. Change is a constant. Neighborhoods are always reinventing themselves. Cranes and jackhammers are always busy erecting new buildings. We’re so used to it, sometimes we don’t even notice when it happens. In fact, looking back just 10 years…
Chicago-based LaSalle Investment Management dubs itself as “one of the world’s leading real estate investment managers” and their mega-profitable flip of Miami’s most iconic skyscraper certainly proves why. The firm announced today that they’ve sold The Miami Tower for a cool price of $220 million. LaSalle originally purchased the property then…
If it seems like you can get almost anything delivered to your house these days, it’s because, for the most part, you can. Need a set of champagne flutes or a can of Fancy Feast or an extra phone charger? Amazon Prime Now can get it to you for free…
The number of million dollar-plus homes in Miami has doubled since 2012 (even as the number of millionaire has not). It’s part of a national trend, according to Trulia. In 2012, 1.6 percent of all homes in the USA were worth at least seven figures. That share is now 3…
Turns out Donald Trump’s most successful business move of the past decade wasn’t Trump Steaks, Trump University or Miss Universe. Nope, not at all. According to personal financial documents Trump released yesterday, out of his more than 150 various business ventures, by far the biggest money maker was the Trump National…
The world laughed when Jimmy McMillan ran for New York City mayor with the slogan, “The rent is too damn high!” Yet, how many of us now repeat that line verbatim whenever we cut our landlord a check or browse apartment listings in Miami? They are, indeed, categorically, undebatably too damn…
Florida is ground zero of the foreclosure crisis. No other state even touches Florida when it comes to the number of foreclosure over the past decade. So you would figure our state government would be first in line when it comes to taking advantage of federal assistance programs meant to help regular…
Every year Christie’s International Real Estate compiles it’s list of the world’s top luxury real estate markets. Miami’s made frequent appearances in the top ten, but its ranking in the newly released 2015 study is the highest it has ever sat. In fact, we overtook both Paris and San Francisco to…
One time two, short 150 meter horse races began in Miami-Dade County and ended in Broward, so now Malaysian gambling conglomerate Genting should be allowed to operate a casino near Downtown Miami. Or, at least, that’s the oversimplified take on a lawsuit Genting has filed against Miami-Dade County and State…
How much are the keys to your own private key in the Florida Keys? They’re now just $95 million. Pumpkin Key, a small island in Card Sound off the coast of Northern Key Largo, has cut its price down down $15 million. That makes it a bargain right? Pumpkin Key originally…
Founded by former Studio 54 co-owner Ian Schrager, Morgans Hotel group is credited with creating the idea of “boutique hotels.” The company’s early ’90s renovation of the Delano Hotel in South Beach cemented their status as innovators in the industry, but, as a company, Morgans has seen better days. Schrager sold the…
A record 15.5 million people visited Miami in 2015, up nearly 1 million from the year before. The Greater Miami & The Beaches Visitors Bureau trumpeted the numbers at a ritzy breakfast this past Friday at the Rusty Pelican on Key Biscayne. Save for Venezuela, every major market, both domestic…
A spokesperson for the project points out that the under construction building is indeed under construction.
Miami presents itself with a lot of opportunities for Millennials to live a life that seems perfect on Instagram. You’ve seen all those selfies taken in front of Wynwood murals, group shots taken at exclusive-seeming parties, pics of craft cocktails and tapas, and carefully posed thirst traps taken at the…
Back in 2004, Florida voters overwhelmingly passed a state constitutional amendment that tied increases in the state minimum wage to inflation, meaning wages would automatically increase over time without going through major legislative fights. Originally pegged at $6.15 an hour, its now risen to $8.05. Many feel that’s still not enough. …
Six months after Miami Beach voters rejected a plan to demolish historic oceanfront properties in North Beach to make way for a luxury condo tower, developer Sandor Scher is back with a new proposal for the stretch known as Ocean Terrace. His new plan would only demolish one building, and…
Considering Miami is the only U.S. city founded by a woman, it only makes sense that female founders continue to shape and define life here. In fact, according to research done by Babson College, Miami ranks in the top five metro areas for its high rate of women-owned businesses. But…
Vladislav Doronin has conquered real estate all over the world. His 1,160-foot tall OKO Tower in Moscow is currently the tallest skyscraper in all of Europe. His luxury Aman resorts dot the world’s grandest getaway spots from Thailand to the Turks. He’s left his footprint in New York, Tokyo and London…
According to a financial rule of thumb, a person should spend about 50 percent of his or her after-tax income on necessities. That includes things like rent, food, utilities, health care, and transportation. Another 30 percent should be spent on discretionary purchases, and the remaining 20 percent should be stashed…
Climate change? Real estate slow down? Rising rents? Continued unease about the health of the local economy? Apparently none of those concerns can curb growth in Downtown Miami. According to a new report from Realtor.com, the downtown zip code of 33132 is expected to be the fourth fastest growing neighborhood…
The home ownership rate in Miami is down to historic lows, and most millennials in the metro area won’t in the market to buy a home anytime soon. According to a new survey by Apartment List, 81 percent of local millennials feel buying a home is just too expensive. This…
Well, this is unfortunate timing. Just weeks after famed architect Zaha Hadid died in a Miami Beach hospital, the city of Miami Beach has decided not to go ahead with plans to build a Hadid-designed public parking garage in the Collins Park neighborhood. The city commissioned Hadid, a part-time Beach…
