First the models began leaving South Beach, and now, almost predictably, so is painfully hip hotelier Andre Balazs. According to the Miami Herald, Balazs is set to sell the Raleigh, which the newspaper describes as “a favorite stop for celebrities and local hipsters.” The sale will take Balazs almost completely out of…
Last year, Fisher Island was sitting pretty at the top of Forbes’ most expensive zip codes list. This year, it has tumbled to 33rd place. Not coincidently, the price for the only single-family waterfront home on the island was recently slashed by $3 million. This year, in the exclusive Fisher Island zip code 33109,…
Sales for single-family homes soared 64 percent in July in the Miami metropolitan area compared to the same numbers for July 2008. Meanwhile, sales for existing condos rose 48 percent over last year. The numbers continue a trend of home sales rising in each of the past 12 months, according…
Florida’s unemployment numbers for July are in, and things have stayed pretty much stable since June. The state’s jobless rate is still at 10.7%, which represents 987,000 out of work Floridians. That’s still 4.4% higher than one year ago, and 1.3% higher than the national level. Meanwhile Miami-Dade’s jobless rate also…
The recession might have you feeling poor, but the Miami/Fort Lauderdale metropolitan area is still the 10th richest in the nation in terms of combined personal income. Buffalo Business First analyzed personal income for the top 72 markets in America based on salary, interest payments, dividends, rental income, and government checks, and South Florida…
Something was funny about the landlord. A little too eager, maybe, but — for a pocketful of extra cash — aren’t we all these days? Renter Sandy Sanchez, a straight-talking 54-year-old, didn’t think much of it. She stood inside a spacious two-bedroom duplex on NE 112th Street last week and…
The annual Mercer’s cost of living survey “measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household good,s and entertainment,” according to its website. Your wallet will be happy to know that of the 143 cities measured, Miami barely cracks the top 50. Coming…
An email alert from North Miami Councilman Scott Galvin bears more bad news for a troubled residential and commercial development in his city.Galvin informs North Miami residents not to bother showing up for a town hall meeting scheduled for tonight to discuss what the heck is gonna happen with Biscayne…
One of Miami Beach’s most eccentric homes, a 10-bedroom, two-story mansion built in 1925 in the style of a medieval castle — complete with moat, draw bridge, gargoyles, and turrets — caught fire this morning. Firefighters got the blaze under control, but the AP’s YouTube channel has this video of the blaze. The…
Poor, ridiculously wealthy sports superstars. They just can’t seem to break even on their real estate transactions here in Miami. Shaq recently unloaded his Star Island spread for $19 million less than his high asking pirce. Now, Alex Rodriguez is following suit by dropping the asking price on his Coral Gables abode…
Riptide has maybe one too many friends and acquaintances who call Williamsburg, the painfully trendy Brooklyn enclave commonly seen as ground zero for everything hipster, home. At the end of the day, we love them, but sometimes they talk with such jaded snootiness it recalls Brüno minus the affected Austrian accent. “Hey, have you heard…
In April, we brought you “Treasure Island”, the story of big-time spine surgeon and developer Charles C. Edwards being accused of defrauding a North Bay Village condo building out of $233,000 that was supposed to go towards insuring the place.In three sentences: in 2004, Charles and son James Edwards were…
South Beach Condo Blog, which earlier reported Shaquille O’Neal’s Star Island manse went for a deeply discounted $19 million, is now reporting the buyer is none other than Vladislav Doronin. Roughly translated from Russian, “Vladislav Doronin” means “Naomi Campbell’s boyfriend.” Doronin, a billionaire who made his fortune in real estate, has earned a reputation as…
There once was a time, before the real estate crash, before the credit crunch, and before the global economic meltdown, when Shaquille O’Neal figured he could sell his Star Island mansion for between $32 and $35 million. That was 2005, and this is now. Joan Fleischman reported this morning that Shaq…
We imagine Florida International University higherups had some tough meetings to attend when they cut both the school’s cheerleading squad and marching bands this week. Imagine facing a roomful of cheerleaders to let them know their services are no longer needed. “But, we’re cheerleaders…” “I know, and we just can’t afford you right…
Sorry Leonard Pitts Jr., you can’t have your cake and eat it too. In March, The Miami Herald’s star columnist dashed off a “you damn kids, stay off my lawn”-style column in which he solemnly promised never to used Twitter, and claimed it’s only useful for those who find “value in banality,…
You know the economy has really gotten bad when our beloved sports stars start filing for bankruptcy. Former UM quarterback and NFL star Bernie Kosar filed for chapter 11 today, according to the Herald.According to the filings, Kosar reported his assets are only worth between $1 million and $10 million…
Here’s the bad news: According to a new study of the 100 most populous metro areas in America by the Brookings Institution, the Miami area, including the rest of South Florida, is one of the 20 economically weakest metro areas in the country. Here’s the good news: We’re only 82,…
Before the NBA Finals began, there were quite a few columns written about this Magic-Lakers series being haunted by the Ghost of Shaquille O’Neal — you know, because the former Miami fixture played for both teams and has had such a contentious history with Kobe Bryant. Seemed like a bit of…
Well, your bank account may already know this, but a new Wachovia report says that Florida was hit the hardest by the recession. Here’s your depressing factoids: Florida went into recession nine months ahead of the rest of the country.Excess real estate is more abundant then the rest of the country, duh. The Unemployment rate…
Seems like FEMA is taking a cue from a most unlikely place: Max Rameau, of Take Back the Land. New Times first broke news of the activist’s brilliant solution for what to do with all of these foreclosed homes: move homeless squatters in. FEMA folks seem to like the idea so much they’re looking…
Do you sometimes have to hide your tresses under hats and scarves? Feel like bad hair day is a description of your very existence? Luxe hair-care line Kerastase is offering a solution and it’s titled one of our fave phrases: Our Treat. Whether your hair is color-treated or sun-damaged, dry or weak, there’s…
