Business

It’s 2.7 million square feet and about to get larger.

We can now imagine a scene where Real Housewives of Miami cast member Lisa Hochstein stands in front of her Star Island mansion proclaiming, “Mr. Boob God, tear down this house,” while her husband, plastic surgeon, Leonard Hochstein, sits behind the controls of a wrecking ball. Yes, the Hochsteins no…

More people from Miami-Dade County to Broward than from any county to any other county in Florida. In fact, that county-to-county migration is the sixth highest in the entire country. According to Census Bureau data from 2011, about 25,000 packed up their U=Haul and moved from the 305 to BroCo…

It’s official. Walmart now owns a big chunk of midtown Miami, and its plans to build a supercenter in the bustling neighborhood trudge on. According to exMiami, Walmart closed the deal in January for $8.2 million, though there are some conditions attached. See also: Walmart Is Coming to Midtown, Like…

Like a college freshman named Jamie who’s decided to reinvent herself under the name “Jaymi,” Coconut Grove will likely rebrand itself “the Nearby Republic of Coconut Grove.” No word on how Key West, the “Conch Republic,” feels about the Grove piling on its branding shtick. But seriously, the Grove’s current…

This shouldn’t be much a surprise to anyone, but, yes, Wynwood is Miami’s closest equivalent to Brooklyn’s formerly hip, currently over-gentrified Williamsburg neighborhood, and a big New York City website says so. Gawker recently asked its readers what the Williamsburg equivalent was in their city. See also: Wynwood Named One…

Wynwood continues its transformation from gritty arts district to commercialized, glitzy “arts” district with the addition of its first bank since the transformation. C1 Bank, a St. Pete-based bank, is opening shop on NE 26th Street and N. Miami Ave. (a plot it bought for a pricey $2.85 million) as…

New unemployment numbers are out for the state of Florida, and Gov. Rick Scott is trumpeting Miami specifically. Unemployment in the county has dropped 2.3 percent year-over-year, from 9.1 percent in December 2012 to 6.8 percent in 2013…

As far as newly elected Miami Beach Mayor Philip Levine is concerned, the city will continue to be known more for its silicone implants than silicon start-ups. While attending the U.S. Conference of Mayors, Levine straight-up told the Washington Post that the idea of turning Miami Beach into some sort…

Star Island’s most notorious residents have won the latest battle in their war to tear down a mansion they own on the island in order to build their dream home. The Miami Beach City Commission voted today not to designate the 1925 home as historic. See also: Real Housewife Made…

Ever since Genting Corporation’s aggressive plans to bring a full-service casino and mega-resort to the old Miami Herald site went boom the Malaysian conglomerate has been pretty quiet about its next step. We should have figured they were up to something. Today comes news that they’ve struck a deal with…

Having trouble trying to sell your home? Too bad it’s not a $1 million mansion. Properties in the seven figure range were selling like hot cakes this year. In fact one out of every five homes sold this year in Miami-Dade county carried a price tag at $1 million or…

We all deluded ourselves into thinking that Lincoln Road could become some sort of quirky subversion of the suburban mall shopping experience. That the uniquely Miami culture the strip once exemplified could survive peacefully alongside giant corporations’ fast fashion mega-stores. Sure, for a while it was a place where you…

Florida’s unemployment levels continue to drop. For this past November the rate was 6.4 percent, down from 6.7 percent in October. It’s the ninth straight month since March that Florida’s unemployment rate has been below the national average. Meanwhile, Miami-Dade’s unemployment rate dropped an astounding 1.5 percent to 7.0 percent…

For 92 years, Miami Beach Community Church’s courtyard has been a sanctuary. The small, shaded square was one of the only clean spots back in the ’80s as South Beach spiraled downwards. And in the past 10 years, as Lincoln Road has roared back to life, the courtyard has remained…

Listen, building fancy-ass condo buildings for rich foreigners to buy on Miami Beach is not an art form. It’s business. It’s pure capitalism. Ain’t nothing wrong with that, but trying to claim otherwise gives off a vibe of mind-numbing pretension. Argentinian developer Alan Faena is busy building his “Faena District,”…

Greg Gopman has a very fitting name. The University of Florida grad and founder of the now-defunct Weekend Gator bus service moved to San Francisco in September 2011 to form a startup, AngelHack. After two years, the wannabe entrepreneur is apparently still appalled by the homeless population there. Gopman, who…

No one is sure if Alex Rodriguez will ever play another Major League Baseball game again, but it looks like he might have a promising back-up career as a Miami Beach real estate flipper. A-Rod bought a new condo unit in Midbeach’s Mei building this past June for $2.1 million…

It’s not just the lower classes that continue to get hit hard by foreclosures in South Florida. The Miami-Fort Lauderdale metro area leads the nation in foreclosures on properties worth more than $5 million, according to real estate website RealtyTrac. In fact, about a fourth of all high-end foreclosures in…

In Wynwood, even the sky often seems spray-painted. On a recent evening, two young women were suspended in midair on metal scaffolding, masks over their mouths, aerosol cans in their hands. As the setting sun shifted heaven’s hues above them, the women unleashed waves of color onto a white warehouse…

Art critic Robert Hughes once quipped of artist Jeff Koons that “he has the slimy assurance, the gross patter about transcendence through art, of a blow-dried Baptist selling swamp acres in Florida.” The irony, of course, is that Koons work is now being used as a marketing gimmick to sell…

Complete economic recovery still stubbornly refuses to come to Miami-Dade County. Even as Florida’s unemployment rate dropped to the lowest point its been since August 2008, Miami-Dade’s rose for the month of October to 8.5 percent…