April 17, 2024


Magic City Magic

Proto, a hologram tech firm, has opened its first Florida studio and office in the Waterford Business District near Miami International Airport. Read more »
Published on 3/15/2024

Knight's New Leader

A veteran journalist and Miami native has been tapped as the president and CEO of the John S. and James L. Knight Foundation. Former USA Today publisher Maribel Perez Wadsworth spent more than 30 years working as a journalist, starting as an editorial assistant for the Associated Press in 1994. She spent 26 years with Gannett, moving to its corporate offices in 2009 to work on digital and audience transformation. Read more »
Published on 2/22/2024

Pitbullish on Jai Alai

Armando Christian Pérez, aka Pitbull — aka Mr. 305 and Mr. Worldwide — has taken an equity ownership role in the World Jai-Alai League operating at the Magic City Casino. The move “is not just business,” he says, “it's about celebrating Miami's culture and history. We're going to redefine the game and reach a new generation of fans.” Read more »
Published on 12/20/2023

3-D-Printed Seawalls

Could habitats within Florida's coral reefs and mangroves be saved by 3-D printers? Miami startup Kind Designs believes its 3-D-printed seawalls can trap carbon and mimic those threatened environments. Read more »
Published on 11/30/2023

MIA Facelift

FDR Miami Hotel, a partnership between Fontainebleau Development and Related Cos., is building a 451-room Westin Hotel near the Dolphin parking garage. Guests will be able to cross a pedestrian bridge to enter the airport's Concourse D. FDR will pay the county at least $2.58 million per year in a 50-year lease. Read more »
Published on 10/23/2023

Making Progress

As Florida focuses on growing its economy, experts say one of the most productive places to expand is in manufacturing. The sector pays about 117% of average annual wages in Florida, creates both blue and white-collar jobs and has one of the highest multiplier effects for return on investment. Every $1 in manufactured goods produces $3.60 across all other sectors. Read more »
Published on 10/17/2023

Towering Uncertainty

Sonja Przulj loves her two-bedroom, two-bath condominium in Miami, located on the 21st floor of the 27-story Palm Bay Yacht Club, with spectacular views of Biscayne Bay, downtown Miami and South Beach. She paid $285,000 for the corner unit in September 2021 after renting in the building for years. Read more »
Published on 10/17/2023

Messi Magic

Seemingly overnight, murals of Lionel Messi popped up on buildings across downtown Miami. Argentinian muralist Maximiliano Bagnasco, who has painted Messi murals around the world, was summoned in July shortly after word broke of the soccer icon's move to Inter Miami and went to work on the side of a mixed-use building near a rising condo development in Wynwood. Read more »
Published on 10/16/2023

Driving Climate Conversations

Miami is considered especially vulnerable to sea level rise fueled by climate change. It's also becoming an epicenter for resiliency initiatives to mitigate impact on the city and its residents. But that doesn't mean the community fully understands what future adaptations it will require. Read more »
Published on 9/30/2023

Jet Set

Pan Am airlines launched Miami's commercial aviation industry nearly a century ago. Now, its former headquarters is being turned into a luxury terminal for travelers looking to avoid crowded terminals and security lines. Read more »
Published on 8/18/2023

Island Plan Revival

After more than 20 years of stalled development, a planned project on Watson Island — a publicly owned enclave between downtown Miami and South Beach — is in the hands of developers known for making big projects happen. In a joint venture, BH3 Management and Merrimac Ventures purchased the 75-year ground lease for the vacant 10.8-acre parcel on the island from Flagstone Property Group. Read more »
Published on 7/31/2023

Key Deals

In adjacent deals, Integra Investments and Key International bought the Perry Hotel & Marina on Stock Island at Key West. Formerly known as Stock Island Marina Village, the site is five miles from historic Old Town. Read more »
Published on 6/28/2023

Just in Time Tech Boost

The company behind a project formerly known only as Confidential Project Xray is global IT management and security software giant Kaseya, which is expanding its Miami global headquarters and pledges to create 3,400 jobs paying an average of $107,000. Read more »
Published on 5/25/2023

Miami Grand Prix

For at least the next nine years, Hard Rock Stadium and its environs — also known as the Miami International Autodrome — will host a Formula 1 race, one of 23 that make up the circuit's championship. Tyler Epp, the event's president, says the goal is to ensure “Miami will be one of the must-attend races on the Formula 1 calendar for the next decade.” Read more »
Published on 5/8/2023

MIA Taxis into the Lead

Miami International Airport set a record for passenger traffic in 2022, crossing the 50 million threshold for the first time and surpassing Orlando International's total. Read more »
Published on 4/21/2023

Promoting Ownership

Small businesses are the “heartbeat” of South Florida's economy, and their soul is cultural diversity, says Brittany Morgan, economic resilience director at the Miami Foundation, which has chosen to promote asset ownership with a $20-million gift from Wells Fargo's Open For Business program. Read more »
Published on 3/15/2023

Prime Location: Miami

“Miami has arrived as a gateway primary market,” says New York-based Lauren Hochfelder, co-CEO of Morgan Stanley Real Estate Investing and its $55-billion portfolio. Speaking at the Urban Land Institute's Florida Summit in Miami in December, she also said Miami's Class A trophy office buildings are drawing interest because office utilization — an indication of how many people have returned to their pre-COVID workplaces and a reflection of office market health — is about 80% to 86% in Miami but only half that in New York and San Francisco. Read more »
Published on 2/15/2023

Miami's economic forecast for 2023

“Insurance is always front of mind for Florida owners and investors. Rising construction costs and pricing for properties has led to a dramatic increase in required total insurable value. Coupled with recent claims, this results in a difficult insurance market with little visibility for owners and buyers into future expected insurance premiums. Stability in this market will be crucial to keep transactions moving smoothly in Miami.” Read more »
Published on 1/1/2023

Emergency Ventures app helps get critical information out during natural disasters to those without cell service

Emergency Ventures, a web and mobile app that connects citizens, volunteers and emergency managers during natural disasters when there's no internet or cell service, was launched to help recovery efforts during Hurricane Ian in Southwest Florida. It uses cached data from hundreds of services and bluetooth links. Read more »
Published on 12/30/2022

Miami-based Doroni Aerospace is developing an eVTOL flying car

Miami-based electric vehicle takeoff and landing (eVTOL) company Doroni Aerospace is developing an eVTOL flying car. Read more »
Published on 11/23/2022

Miami unveils collection of nearly 5,000 NFTs designed by 56 Miami artists

Miami Mayor Francis X. Suarez announced a partnership with Time magazine, Mastercard and Salesforce to launch an NFT initiative for the city to drive revenue to local businesses and non-profits. Read more »
Published on 10/31/2022

Miami-based fintech company Pipe reaches $2 billion valuation

While companies usually sell equity or take out loans to fund growth, Miami-based Pipe makes recurring revenue streams tradable for small businesses or startups by treating the revenue streams as an asset companies can sell to investors for instant cash. Read more »
Published on 9/19/2022

OnChain Studios has signed a multi-year partnership with Mattel for its Cryptoys NFT platform

OnChain Studios has signed a multi-year partnership with Mattel for its Cryptoys NFT platform and raised $23 million in funding from Andreessen Horowitz, Dapper Labs and Mattel. Read more »
Published on 8/31/2022

Health officials issue mosquito-borne illness advisory

Release follows confirmation of one dengue case Read more »
Published on 7/18/2022

Miami Beach filmmakers Rakontur build on fame after breakout Netflix hit Cocaine Cowboys: The Kings of Miami

Miami's ‘teenage celluloid whiz kids' are in their 40s. The state's homegrown iconoclastic filmmakers are busier than ever as they pivot to Florida stories with wider import. Read more »
Published on 7/11/2022

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New art telling history of Bern’s Steakhouse
New art telling history of Bern’s Steakhouse

The second-generation owners of Tampa’s famous Bern’s Steakhouse reached out all the way to New Mexico for new artwork, reflecting the restaurant's story.

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