The retiree is the unofficial mascot of the Sunshine State, and apparently people 65 and older are doing pretty well for themselves when it comes to money. A study compared the median income of those 65 and older with the pre-retirement 45-64 age group. Nationally, retirees make just 57 percent…
Rick Scott is personally reaching out to businesses in other states to try and get them to relocate to Florida. Which, OK, sure, we’re all for, but because Scott is apparently and almost comically incapable of doing anything without controversy, it seems he’s only trying to poach companies from states…
Malaysian gambling conglomerate Genting has taken its plans to build a casino in Miami from its initial fast and furious blitzkrieg to a long and slow waiting game. In the latest sign that the company is no longer in a hurry to plop a mega-casino downtown, Genting has allowed a…
Well, at least his neighbors hopefully won’t have to complain anymore about all the filming that was going down there Yankees slugger Alex Rodriguez has reportedly sold his Miami Beach mansion for $30 million. He had bought the home in 2010 (while dating Cameron Diaz) for $7.4 million and then…
Earlier this week, in a cringe-worthy turn of phrase The Miami Herald business section declared that Miami’s Edgewater neighborhood is “located at the intersection of funky and trendy” after realizing, a few years too late, the neighborhood has experienced some classic gentrification. Of course, the Herald only bothered to get…
Ever wonder what part of the country all that hateful Twitter trash spews from? Well a new project out of Humboldt State University called “The Hate Map,” shows you exactly what parts of the country likes to include negative slurs in their Twitter communiqués. Interestingly, Miami-Dade is among the least…
Marlins Park was at the very least supposed to be something of an economic engine for the surrounding Little Havana neighborhood, but like so many other things promised about the deal, that turned out to be a lie, too. The Miami Herald reports this morning that three tenants who were…
This week The New York Times ran one of its periodic check-ins on the Miami real estate market. Nothing particularly new in there for people who already follow the ups and downs of the property market, but it is another reminder that Miami’s latest “boom” is being driven by rich…
Miami was pretty much ground zero for the housing bubble bust, but things have begun to look up, at least according to some numbers. Home prices in the area are up 11 percent since last year, but the Washington Post warns that any semblance of a recovery might be the result…
Florida’s unemployment level has once again fallen. Unemployment for the state was down to 7.5 percent this month, the lowest level since October 2008. Florida once again remains below the national level.The news isn’t quite so rosy for Miami-Dade’s numbers, though…
Matt Damon is apparently moving out of Miami Beach. Seven years after buying his North Bay Road mansion, the actor has put the spread on the market for a cool $20 million…
You’re first in the nation, Miami! Sadly we are not talking about the Miami Heat, we are talking foreclosures. Florida, during the first quarter, has been America’s foreclosure capital, while Miami leads all cities in Florida with a terrifying one in every 79 residences being involved in some sort of…
Hey, you 20-something in skinny jeans riding a fixie, Tropical Financial Credit Union wants to be the place where you store your money to save up for Coachella tickets. In fact, they may want you to be their new “Spokester,” which we imagine is some misadvised portmanteau of “hipster” and…
Financial guru Suze Orman may be packing up her partner and her jacket collection and moving to a state that recognizes gay marriage if the Supreme Court overturns DOMA.Orman currently lives in Fort Lauderdale with partner Kathy Travis, but the tax breaks that could come with federally recognized marriage could…
While Gov. Rick Scott was trumpeting the fact that Florida’s overall unemployment rate was lower than the national average for the first time in five years, the picture is considerably bleaker here in Miami-Dade. According to local numbers released today, the county’s unemployment rate is the highest its been in…
All across our lovely, sun-drenched peninsula, acres and acres of cookie-cutter suburbs sit wilting in the humidity, bereft of human beings. They’re “zombie homes”: properties mired in foreclosure whose owners have simply walked away, leaving the rotting places to become havens for drug dealers and squatters.Florida has more zombie homes than…
Florida’s economy slowly trudges on to something resembling recovery as numbers released today show that the state’s unemployment rate is now below the national average for the first time in more than five years.Florida’s unemployment rate was 7.8 percent for January. The national average stood at 7.9 percent. A tiny…
You’re not likely to hear many heavy-handed conversations about business at Ultra Music Festival this weekend, but if you do, it will more than likely be about billionaire Robert F.X. Sillerman’s plans to buy up just about everything related to electronic dance music and consolidate it all under SFX Entertainment…
The next iconic skyscraper that might sprout up in downtown Miami will take its architectural cues from a bug. Plans for the proposed One Thousand Museum building, designed by star architect Zaha Hadid, have emerged and the towering residential building sports an exoskeleton…
Florida’s economy might not exactly be fully recovered, but one of our main industries broke a record last year. Tourists spent a combined $71.8 billion in Florida in 2012. That’s an all-time record, and a 6.8 percent increase from 2011, which was also a record year…
Earlier this month, news broke that the Perry Hotel will undergo its third name change in a little more than a year. The resort was formerly known as the Gansevoort but will soon close for a nearly a yearlong, $100 million renovation to reopen as the eco-friendly 1 Hotel.Unfortunately, that…
Florida history is full of condominium-related corruption, including board members receiving kickbacks for contracts or raiding condo coffers and then disappearing into the Everglades. That’s why state statute bars condo board members and officers from receiving compensation unless explicitly outlined in the building’s bylaws.So it’s not surprising that residents of…
