Despite some concerns that new management might put a damper on the unadulterated chicness of the Gansevoort South Hotel on South Beach, The Wall Street Journal reports that the hotel is still tragically hip.Though the hotel portion of the complex was reportedly very successful, slow sales on the condominium side forced Credit…
That condo you bought in downtown as an investment property in 2005? You might not be able to make a reasonable profit on it until sometime after 2030.Moody’s Economy.com says housing prices in Miami-Dade and most other southern Florida counties won’t recover until 2030. The predictions are based on Fiserv’s Leading Case-Shiller…
Oh look, former Gov. Jeb Bush has apparently joined Twitter, and even though he hasn’t twatted anything into his tweet machine yet he already has 2,323 people following him!That works out to a little less than 1 percent of the people who have followed Conan O’Brien since he joined the…
As Lil Wayne gets ready to trade in his baller lifestyle for a jail cell, he’s liquidating his Miami real estate portfolio. He’s put his four-bedroom condo in the Murano Grande on South Beach up for sale for $2.8 million, according to AllHipHop.com.This isn’t the same apartment Weezy was renting that…
William and Michael Achenbaum, the father-and-son team that own the Gansevoort Hotel in New York City, now have officially nothing to do with the massive Gansevoort South in South Beach. The duo officially lost ownership of the hotel-and-condominium building last month when they failed to find a another buyer, Credit…
Fallen superproducer Scott Storch lost his 20,000-square-foot Palm Island mansion to foreclosure. He paid $10.5 million for the pad in 2006, but SunTrust Bank foreclosed on the property last year and bought it back at auction for $5.5 million. Now the property, known by the classy and sophisticated name of Villa Ferrari,…
Diddy is probably one of the only people in the world who can say”That’s always been a hobby of mine, collecting estates,” with a straight face. Collecting estates? Most of us would be so lucky just to have one.Anyway, despite taking pride in his hobby, Diddy has a policy of…
Brian Hope, a 36-year-old attorney, moved into a Brickell condo at Quantum on the Bay in October. He signed a one-year lease for unit 3701, which has one bedroom and a sweeping view of Biscayne Bay. He was quite pleased. But then, a couple of days after moving in, he noticed…
Not long ago, Riptide implied — via a Moron of the Week post — that Miami rapper Bow Wow isn’t very smart. Sure, maybe he did announce his own drunk driving — in a “Lambo” — via Twitter. And, yeah, maybe Miami Beach cops did slap him with a DUI two seconds…
At 11.8 percent in December, the Florida unemployment rate is the highest it’s ever been since 1975. That’s up 0.3 percent from November and a whopping 4.2 percent from the same month last year. Miami-Dade’s unemployment rate is still below the state’s, but the numbers shot up in December, climbing to 11.3 percent…
For nearly a decade, Guillermo Socarras has had a dream of constructing the world’s tallest building in Miami. But plans have shifted. Backers, if they were ever really there, have backed out. The local economy, especially the building boom, has flat-lined. And just earlier this month, Dubai’s Burj Khalifa, the…
On the off chance you haven’t heard yet, 2009 was not a very good year for the economy. Which means it wasn’t a very good year for real estate, especially not luxury Miami real estate. In their wrapup of year-end stats, the South Beach Real Estate blog notes prices per square…
Normally, the sale of a parking lot shouldn’t be newsworthy, but when it combines the real estate boom in downtown Miami and the decline of the printed press, it’s worth taking note. The Miami Herald this morning reported the complicated sale of its parking lot to developers could drag on for another year…
CocoWalk, the crown jewel of downtown Coconut Grove, has been hit with a $98 million foreclosure lawsuit filed by Bank of America, putting the future of the shopping, dining, and entertainment center into question. CocoWalk was bought by PMAT Real Estate Investments, a New Orleans-based firm, in 2006. But according…
Ever since MTV Cribs moved to CMT, the world has been deprived of seeing the interiors of rapper’s Miami pads. Who could forget Missy Elliot’s Ferrari bed, or Bow Wow’s rented car controversy? Thank goodness for YouTube.While, Lil Wayne did show off his New Orleans crib for the show, we…
The employment rate in Florida increased slightly in November to 11.5 percent, up from 11.3 percent in October according to the South Florida Business Journal. That’s the highest rate since May 1975, when 11.9 percent of Floridians were out of a job, and translates to roughly 1 million people out of work. However,…
This seems almost as ridiculous as that Onion piece claiming Lil Wayne was recruited by the DEA to get rid of all the drugs in Mexico, but this one actually isn’t an attempt at satire.It’s no secret Weezy calls South Beach his part-time home and has his primary residence in…
I don’t know if you can consider a hotel a “guilty pleasure,” but the Gansevoort South certainly comes close. Home to reality TV mess Miami Social and having a strong spot on the list of Miami party spots, the Gansy can also be added to the list of South Beach…
Riptide was feeling all warm and fuzzy this morning. No, it wasn’t just from all the vodka in our coffee. (What, like you don’t start your day with a little ‘Russian java’?) The latest employment numbers came out this morning, and it looks like our Kanye-on-the-VMAs-esque disaster of an economy…
Forget Flagler, Tuttle, and Brickell. We need to start naming streets and bridges after a historical figure whose legacy is honored every day here in South Florida: Charles Ponzi. With heavyweight scammers Bernie Madoff and Allen Stanford basing their operations here, we’ve become the nation’s undisputed champion of the classic…
Since at least July, an abandoned and once pricey yacht has been beached on the trash-strewn and molester-patrolled shores of the Julia Tuttle Causeway. It’s been stripped of precious materials, spray-painted by some municipal entity, and slapped with stickers that say it’s not allowed here. It has also gained a…
If you’re behind on your bills, you might not be able to shell out for a night at the swanky Shore Club. Though it seems the posh outpost is having trouble keeping up on its own mortgage. Philip and Michael Pilevsky, owners of the South Beach hotel that’s home to Nobu,…
