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Recent Posts

Coconut Grove Playhouse script gets major rewrite

Coconut Grove Playhouse script gets major rewrite

The script has been rewritten again in the seemingly endless drama over the fate of the closed and dilapidated Coconut Grove Playhouse. The latest plot twist has a Miami-Dade commissioner rejecting the idea of allowing a third party time to raise enough cash to rebuild a large theater. The state owns the cavernous and historic playhouse and has leased it to the...

Former Miami Herald site will become home to live events

Former Miami Herald site will become home to live events

With its plans for a casino hotel on hold, Genting subsidiary Resorts World Miami signed a multiyear deal with Loud and Live to hold events on the former site of the Miami Herald in downtown Miami. The 14.6-acre site at 1 Herald Plaza hosted the inaugural Art Miami and Context Art Fair in early December, during Art Basel. Genting cleared the waterfront site and...

2017 existing-home sales were the strongest in 11 years

2017 existing-home sales were the strongest in 11 years

Existing-home sales decreased 3.6 percent to a seasonally adjusted annual rate (SAAR) of 5.57 million in December — dipping from a downwardly revised 5.78 in November, the National Association of Realtors (NAR) reported today. This month’s sales pace is 1.1 percent above December 2016 and is the strongest sales pace in 11 years. A healthy economy drove buyer...

$500B global asset manager opens office in Miami

$500B global asset manager opens office in Miami

A global investment manager with nearly $500 billion in assets under management will open a new office in Miami. Boston-based MFS Investment Management (NYSE: MGF) announced Monday plans to open a Miami office that will serve as a regional hub for sales and client services for MFS International, Ltd., (MIL) the firm’s non-U.S. fund business. “Our...

Foreign investors pour money into Miami, LA and Manhattan luxury homes

Foreign investors pour money into Miami, LA and Manhattan luxury homes

Foreign buyers dropped $7.5 billion on homes in the U.S. costing over $1 million, with a major chunk of those purchases in Miami, Los Angeles, and Manhattan, according to a new report. The report, which calculated purchases between March 2016 and March 2017, saw a nearly three-quarter jump in total foreign investment in U.S. luxury real estate from the 12...

Along Miami River, Derelict Bait Shops Give Way to Luxury Condos

Along Miami River, Derelict Bait Shops Give Way to Luxury Condos

MIAMI — As it meandered through downtown, the Miami River was for years a slovenly mess, its shores lined with small, scrappy shipyards, bait-and-tackle shops and low-rent marinas with rotting piers. When decrepit vessels sank, they were often left where they lay, hulls protruding from the oily water. On the river, just over five miles long and formed eons ago...