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Latest reporting from the Business desk.
At the Urban Land Institute's fall meeting at the Miami Beach Convention Center, development executives argued that getting infrastructure, tenant mix and community amenities right matters more than maximizing leasable square footage for retail success.
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View MoreJulia Hotel sells for $9.1 million on Collins Avenue
The Julia Hotel, a 29-room boutique property at 336 Collins Ave. built in 1932, sold for $9.1 million on July 29 — a 146% gain over its 2015 purchase price — as larger luxury hotel projects reshape the same corridor.
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View MoreGrand Hyatt Miami Beach tops out, targets late-2027 opening
The Grand Hyatt Miami Beach topped out at 17 stories on July 28, putting the 800-room Convention Center hotel on pace for a late 2027 opening with a skybridge, new public promenades, and 110,000 square feet of meeting space.
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View MoreArt Basel seeks half-price Miami Beach rent, broader control
Art Basel is negotiating to cut its nearly $1 million annual Convention Center rent to as low as $400,000, gain exclusivity over competing art fairs, and lock in a new deal, but a commission vote expected Wednesday, July 22 never happened and the August recess leaves the agreement unresolved heading into fall.
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View MoreStubborn Seed, four hotels join 50 Best Discovery list
Chef Jeremy Ford's Michelin-starred Stubborn Seed is the only Miami-area restaurant named to 50 Best Discovery's 2026 worldwide guide, joining four local bars and four hotels in Miami Beach and Surfside on the international list.
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View MoreFIU opens startup resilience program offering $2.2 million testing resources
Florida International University's Risk and Resilience Tech Hub Innovation Center is accepting applications through August 22 for a program offering 10 to 15 companies per year access to hurricane testing facilities, engineering services, and manufacturing space worth roughly $720,000 annually.
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View MoreMiami Beach targets conventions, international visitors after Spirit collapse
FIU hospitality dean Michael Cheng forecasts that Spirit Airlines' May 2026 closure will cut budget domestic travel to South Florida, but higher-spending international visitors and a packed convention calendar anchored by the Grand Hyatt Miami Beach's November 2027 opening are expected to keep hotel revenue resilient.
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View MoreThe Bass names Philippe Vergne artistic director, chief curator
Philippe Vergne, former director of MOCA Los Angeles and the Dia Art Foundation, has joined The Bass Museum of Art in Miami Beach as artistic director and chief curator, working alongside executive director Silvia Karman Cubiñá.
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View MoreKaká, Ronaldo Nazário buy Bal Harbour, Bay Harbor condos
Brazilian soccer icons Kaká and Ronaldo Nazário have purchased luxury condos in the Miami Beach area, with Kaká paying $8.7 million at Oceana Bal Harbour and Ronaldo spending $7.8 million on a penthouse at Onda in Bay Harbor Islands.
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View MoreEx-Nautica CEO finds buyer for $22M Continuum South Beach condo
Former Nautica CEO Harvey Sanders has found a buyer for his combined unit at the Continuum South Beach, listed at $22 million, making it the priciest pending condo sale in Miami-Dade County for the week of July 6–12.
Business
View MoreCIM Group seizes Goodtime Hotel in foreclosure auction for $100
Los Angeles-based CIM Group took ownership of the 266-room Goodtime Hotel at 601 Washington Ave. through a foreclosure auction on July 1, winning the celebrity-backed South Beach property with a nominal $100 credit bid after a $204.7 million judgment against developers Eric Birnbaum and Michael Fascitelli.
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View MoreW South Beach to become Waldorf Astoria after $400M sale
Reuben Brothers and Hilton announced on July 7 that the W South Beach at 2201 Collins Ave. will be transformed into Waldorf Astoria Miami Beach, featuring 348 ocean-view suites, new dining concepts, and a renovated 48,000-square-foot pool deck, with a planned winter 2027 reopening.