The Ponzi scheme epidemic of 2008 kicked off with part-time Palm Beach resident Bernie Madoff, and then hit Florida much harder than most states. That’s the consensus of a new Forbes analysis, which found that Florida was second in total number of dollars lost to Ponzis, trailing only New York,…
It shouldn’t come as much of a surprise in a city where people often live above their means, but a new study show that Miamians simply can’t afford all those flashy cars they’re driving around town. A new study by Interest.com found that Miamians living on the median income level…
Chris Bosh may not be the league’s most valuable player, but he does own the NBA’s most valuable real estate portfolio. Not only is Bosh’s North Bay Road home on Miami Beach the most expensive home owned by a current player, but he also owns a home in California that…
The third wealthiest man in the world is now a major stakeholder in Miami’s local media market. Mega-investor Warren Buffett’s Berkshire Hathaway holding company has agreed to buy Miami’s ABC affiliate, WPLG, in a stock-swap deal that’s valued at $1.1 billion…
Stephen Ross clearly wants to spin his decision to pay for renovations to Sun Life Stadium out of pocket as an act of something akin to charity. The Miami Dolphins owner has now issued his first public statement on the decision, and sidesteps the issue that the deal would see…
The Raleigh Hotel might be about to get a new owner and it’s someone very familiar to your mid-90s wardrobe. Yes, Tommy Hilfiger is in final talks to purchase the historic South Beach Hotel and plans to turn it into a private member’s only club and hotel…
It’s the constant dilemma of Miami Beach. On one hand its tourism economy relies on it being on the world’s undeniable party hot spots. On the other it’s also supposed to be a relaxing subtropical paradise where one should not be bothered by the tikitiki music coming from the Gatsby-wannabe…
In the ludicrous world of South Beach real estate, where affluence trumps reason and an ocean view means nothing without an infinity pool, few things raise much of a stir. Except, perhaps, this. Local millionaire Russel Galbut is building a 17,000-square-foot apartment atop a parking garage that sits along Alton…
It’s 2.7 million square feet and about to get larger.
We can now imagine a scene where Real Housewives of Miami cast member Lisa Hochstein stands in front of her Star Island mansion proclaiming, “Mr. Boob God, tear down this house,” while her husband, plastic surgeon, Leonard Hochstein, sits behind the controls of a wrecking ball. Yes, the Hochsteins no…
More people from Miami-Dade County to Broward than from any county to any other county in Florida. In fact, that county-to-county migration is the sixth highest in the entire country. According to Census Bureau data from 2011, about 25,000 packed up their U=Haul and moved from the 305 to BroCo…
It’s official. Walmart now owns a big chunk of midtown Miami, and its plans to build a supercenter in the bustling neighborhood trudge on. According to exMiami, Walmart closed the deal in January for $8.2 million, though there are some conditions attached. See also: Walmart Is Coming to Midtown, Like…
Like a college freshman named Jamie who’s decided to reinvent herself under the name “Jaymi,” Coconut Grove will likely rebrand itself “the Nearby Republic of Coconut Grove.” No word on how Key West, the “Conch Republic,” feels about the Grove piling on its branding shtick. But seriously, the Grove’s current…
This shouldn’t be much a surprise to anyone, but, yes, Wynwood is Miami’s closest equivalent to Brooklyn’s formerly hip, currently over-gentrified Williamsburg neighborhood, and a big New York City website says so. Gawker recently asked its readers what the Williamsburg equivalent was in their city. See also: Wynwood Named One…
Wynwood continues its transformation from gritty arts district to commercialized, glitzy “arts” district with the addition of its first bank since the transformation. C1 Bank, a St. Pete-based bank, is opening shop on NE 26th Street and N. Miami Ave. (a plot it bought for a pricey $2.85 million) as…
New unemployment numbers are out for the state of Florida, and Gov. Rick Scott is trumpeting Miami specifically. Unemployment in the county has dropped 2.3 percent year-over-year, from 9.1 percent in December 2012 to 6.8 percent in 2013…
As far as newly elected Miami Beach Mayor Philip Levine is concerned, the city will continue to be known more for its silicone implants than silicon start-ups. While attending the U.S. Conference of Mayors, Levine straight-up told the Washington Post that the idea of turning Miami Beach into some sort…
Star Island’s most notorious residents have won the latest battle in their war to tear down a mansion they own on the island in order to build their dream home. The Miami Beach City Commission voted today not to designate the 1925 home as historic. See also: Real Housewife Made…
Ever since Genting Corporation’s aggressive plans to bring a full-service casino and mega-resort to the old Miami Herald site went boom the Malaysian conglomerate has been pretty quiet about its next step. We should have figured they were up to something. Today comes news that they’ve struck a deal with…
Having trouble trying to sell your home? Too bad it’s not a $1 million mansion. Properties in the seven figure range were selling like hot cakes this year. In fact one out of every five homes sold this year in Miami-Dade county carried a price tag at $1 million or…
We all deluded ourselves into thinking that Lincoln Road could become some sort of quirky subversion of the suburban mall shopping experience. That the uniquely Miami culture the strip once exemplified could survive peacefully alongside giant corporations’ fast fashion mega-stores. Sure, for a while it was a place where you…
Florida’s unemployment levels continue to drop. For this past November the rate was 6.4 percent, down from 6.7 percent in October. It’s the ninth straight month since March that Florida’s unemployment rate has been below the national average. Meanwhile, Miami-Dade’s unemployment rate dropped an astounding 1.5 percent to 7.0 percent…
