News
Guggenheim C-suite exec to relocate to Miami after buying penthouses at condo tower
Guggenheim Partners’ chief investment officer is the latest “tax refugee” relocating to South Florida from California. Scott Minerd, a managing partner at the global investment giant, paid $12.5 million for two penthouses at Biscayne Beach in Miami’s Edgewater...
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Retailers trade Fifth Ave. for Worth Ave. as Palm Beach scene thrives with Americans heading South
WEST PALM BEACH, Fla. — Retailers, restaurants and other business owners want to be where the people are. And people are moving to South Florida in droves. Some are taking a temporary retreat during the Covid pandemic, away from the cold weather up North. Others are...
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Boutique developments a draw for South Florida homebuyers
Boutique developments in South Florida are making a comeback as homebuyers look to buy into smaller, less densely populated buildings. Buyers are reacting to the ongoing pandemic as well as to low inventory and high prices for single-family homes. In recent years, the...
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Vacation home sales skyrocketing
The last 12 months has not only been big for mortgage refinances and first-time homebuyers filing mortgage applications — it was also a banner year for mortgage applications for second homes, according to a new Redfin study. Applications for those purchasing a second...
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Miami-Dade mayor launches $60M relief program for landlords
UPDATED, Feb. 9, 11:15 a.m.: Some relief is coming to landlords in Miami-Dade County. Miami-Dade Mayor Daniella Levine Cava announced a $60 million relief program for residential landlords that have pending writs of possession with tenants facing eviction. The program...
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Here’s a look at Rob Gronkowski’s Miami condo ahead of Super Bowl LV
Tampa Bay Buccaneers tight end Rob Gronkowski will have his lofty Miami condo to go home to following Super Bowl LV this weekend. Gronkowski, known as The Gronk, paid $1.7 million in 2019 for the four-bedroom, 3,850-square-foot unit at Marquis, a downtown Miami condo...
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Join Us in Miami! Love, Masters of the Universe
MIAMI — America’s business leaders, freed from the office, looked around the country, taking note of its coronavirus lockdowns, taxes and rabble rousers. And many said as if in unison: Miami! Blackstone Group: Miami! Elliott Management: Miami! Silicon Valley venture...
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Moving home gives young homebuyers an easy way to save for a down payment
Returning to their childhood homes rather than renting could be the easiest way for younger homebuyers to save for a down payment in Miami and other major metro areas, according to a report by Realtor.com. The report shows how long it would take a prospective...
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SoftBank to invest $100M in Miami startups
SoftBank Group COO Marcelo Claure is launching a $100 million initiative to fund Miami-based tech companies and those moving to the Magic City. Claure, who is also CEO of SoftBank Group International and executive chairman of WeWork, made the announcement on Miami...
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Miami named most glamorous city in U.S.
More house for the money. Less taxes. More outdoor space. Warm weather. Closer to family. These are many of the reasons behind COVID-19 driven migration, as the work-from-home phenomenon opens up possibilities for Americans once tethered to the cities where they...
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Elon Musk Says He Wants To Build An Underground Transportation Network In Miami
Tesla founder Elon Musk announced on Twitter yesterday that his Boring Company would be interested in building tunnels underneath Miami to eliminate traffic and pollution. The tweet was in response to Miami Mayor Francis Suarez, who had invited him to visit city hall....
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AMAN MIAMI WINS APPROVAL FOR VERSAILLES HOTEL RESTORATION IN MIAMI BEACH’S FAENA DISTRICT
The Miami Beach Historical Preservation Board approved the Aman Miami development by OKO Group’s plan for the restoration of the historic Versailles Hotel. This a big step forward for the art deco building in Miami Beach’s Faena District. Aman Miami will consists of...
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