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Business

Showing 133 - 154 of 1248
A crying woman stands next to three U.S. House representatives at a Capitol Hill press conference

“Act Now”: Miami-Dade Affordable Housing Needs Multibillion-Dollar Injection

By Naomi FeinsteinMarch 12, 2024

A nonprofit group says that a fresh influx of funding is essential to prevent key affordable housing projects from collapsing in Miami-Dade.

Passengers walk through Concourse D at Miami International Airport.

Miami International Airport Wants CBD Shop for “Anxious” Travelers

By Alex DeLucaJanuary 31, 2024

Retailers in Florida can legally sell CBD-infused products that contain no more than 0.3 percent THC.

Billionaire Jeff Bezos and his girlfriend, Lauren Sanchez, at a red-carpet event

Miami Billionaires Are “Gentrifying” Millionaires Out of Indian Creek

By Alex DeLucaJanuary 18, 2024

Sorry, millionaires. Your bank balances don’t cut the mustard in Indian Creek anymore.

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A giant tornado made of money.

Race to the Bottom: New Reports Show How Inflation Is Draining Miami Residents’ Wallets

By Naomi FeinsteinNovember 29, 2023

Apartment construction is booming in Miami, but many of the new units are priced out of reach for longtime locals.

Bezos Is Back! Amazon Founder Announces Move to Miami

By Izzy KapnickNovember 3, 2023

Bezos’ and his family’s history in Miami-Dade County runs deep.

Doral City Council Allows Trump’s High-Rise Project to Move Forward UPDATED

By Alex DeLucaSeptember 28, 2023

The project would add a row of dense high-rise buildings onto the perimeter of the Trump resort.

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Reggaeton Producer Rvssian Wants Top Dollar for Florida Digs

By Theo KarantsalisSeptember 13, 2023

The prolific producer and Bad Bunny collaborator is looking to fetch more than seven times the 2018 purchase price of the humble home.

Feds Investigating John Ruiz’s Record-Breaking LifeWallet SPAC Deal

By Naomi FeinsteinAugust 3, 2023

Prominent attorney John Ruiz’s company LifeWallet has revealed that it’s the subject of a probe by federal regulators and received a subpoena from the Department of Justice.

Drop in a Bucket? Miami-Dade Claws for Affordable Housing Units

By Naomi FeinsteinJuly 21, 2023

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.

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Families Fear the Worst After Savings Disappear in Miami-Based Investment Program

By Izzy Kapnick and OthersJuly 13, 2023

“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.”

LGBTQ Policies, Deluge of New Rentals Blamed for Miami Airbnb Slump

By Izzy Kapnick and OthersJuly 5, 2023

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.

High-Rising: Little Santo Domingo Makes the Endangered Communities List

By Theo KarantsalisMay 17, 2023

“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.

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Indigenous Advocates Gather to Protect Ancient Relics at Related Group High-Rise Site

By Jesse FragaMay 12, 2023

“Educating is much more productive than just being an angry mob and creating tension,” the walk’s organizer Betty Osceola says.

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.

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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.

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.

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“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.

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.

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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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