The Real Deal Miami

Posts Tagged ‘city of miami’

  • Tensions sky-high over SkyRise funding

    Mayor, developer knocking heads over request for public money
    October 23, 2014 12:45PM

    Rendering of 1 SkyRise MiamiThe soaring $430 million SkyRise Miami tower hasn’t started construction yet, but it’s already generating considerable controversy over public subsidies for private companies.

    Plans call for the building to rise 1,000 feet in the sky with a canopy shielding an amphitheater on Biscayne Bay, according to the projections of developer Jeff Berkowitz. Initially, Miami Mayor Tomás Regalado was on board with the project. But according to an article in the Miami Herald, tensions between the developer and the mayor boiled over after Berkowitz decided to seek millions in public funding. [more]

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  • Miami’s lawsuits against Bank of America, Citigroup tossed

    City claimed lenders targeted minorities, caused tax base to plunge
    July 11, 2014 09:45AM

    Gavel-new315-304A federal judge tossed lawsuits filed by the City of Miami against Bank of America and Citigroup over alleged predatory lending practices.

    The city claimed the banks essentially caused a foreclosure crisis by targeting minorities and led to its tax base plunging. But Judge William Dimitrouleas ruled Wednesday that Miami did not have grounds to sue Citigroup for economic losses. The judge made a similar determination Tuesday in the Bank of America case. [more]

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  • CBRE study gives Miami green thumbs up

    City now ranks ninth in US for green commercial real estate
    June 26, 2014 05:15PM
    LEED

    From left: LEED Silver certification, LEED Platinum-certified Adventura Optima Plaza

    Miami might have been slow to embrace more sustainable and energy-efficient building standards, but according to a new study, the city has raised the bar for green commercial real estate. [more]

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  • Marina operator blasts City of Miami for lease default

    Melwani family attorney says officials abused power to oust them from Rickenbacker
    April 28, 2014 12:45PM
    Rickenbacker Marina

    Rickenbacker Marina

    The operator of Rickenbacker Marina blasted the City of Miami for allegedly scheming to get rid of the boat storage company in advance of a large redevelopment of the marina. [more]

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  • Marina sues City of Miami over lease

    Operator claims it is being forced out of longtime Virginia Key location
    April 16, 2014 03:45PM
    Rickenbacker Marina

    Rickenbacker Marina

    Rickenbacker Marina is in heated litigation with the City of Miami over the boat storage company’s lease for its longtime location on Virginia Key. [more]

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  • Miami sues major banks over predatory lending

    City claims Fair Housing Act violated in federal lawsuit
    December 20, 2013 12:00PM

    gavThe City of Miami believes three of the biggest banks in the world violated the Federal Fair Housing Act.

    A federal lawsuit has been filed by the city against Bank of America, Citigroup and Wells Fargo over alleged predatory lending, the Miami Herald reported. The city claims it has lost substantial property tax revenue from foreclosures filed by the banks. The lawsuit accuses each bank of regularly giving loans to minority borrowers in the city under different terms than white borrowers over the last decade. [more]

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  • filmwebA New York venture is in negotiations with the City of Miami to design a production studio north of downtown Miami.

    The board of the city’s Omni Community Redevelopment Agency chose a bid from EUE/Screen Gems for the $10 million studio facility in the Omni area north of downtown, Miami Herald reported. City officials want a building at 50 NW 14th Street to be rehabilitated into the “Miami Entertainment Complex.” The goal is to increase the volume of television shows and movies that are shot in Miami. [more]

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  • Today’s priciest listing: $5M

    Six-bedroom Miami home features a tree-top terrace
    October 01, 2013 05:00PM
    ponce-pic-Alans-house

    4965 Southwest 82nd Street in Miami

    Today’s priciest new listing is a six-bedroom, six-bathroom single-family home asking nearly $5 million. [more]

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  • Midtown residents appeal Wal-Mart permit

    Opponents say retailer's design doesn't match $160 million master-plan neighborhood
    August 28, 2013 09:48AM
    Wal-Mart's rendering for Midtown Miami (inset: opponent Grant Stern)

    Wal-Mart’s rendering for Midtown Miami (inset: opponent Grant Stern)

    Residents of Miami’s Midtown, a new, master-planned community near the artsy Design District, are appealing Wal-Mart’s Class 2 permit, saying America’s largest retailer will build a store that clashes with its neighbors. [more]

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  • SEC charges Miami with securities fraud

    The city and its former budget director were accused of misleading investors to gain better terms in bond offerings
    July 22, 2013 10:00AM

    The Securities and Exchange Commission has charged the city of Miami and its former budget director with securities fraud, saying it misled investors about its financial health in order to gain better terms on $153 million in bond offerings in 2009, the Wall Street Journal reported.

    The SEC alleged that the city offered false information in its 2007 and 2008 financial reports in order to mask a widening deficit and gain higher ratings from credit-rating agencies, the Journal said. [more]

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