Miami Herald’s coverage of real estate market creates self-fulfilling prophecy

I have to admit, I rather enjoyed this story from the Miami Herald website. Basically it reports that the parent company of the Miami Herald, McClatchy Co., reported a 9.5 percent decline in their second-quarter profits and they have attributed the loss to a “sharp falloff in real estate advertising…”.  For the past two years the Herald has reported […]

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Hulk Hogan Lists Miami Beach Estate for $18.9M

Terry Bollea, aka Hulk Hogan, listed his home on prestigious North Bay Road. The home, built in 2006 and seen on the VH1 series, Hogan Knows Best, has 17,339 square feet, 6 bedroom main house with 2 full guest apartments for a total of 11 bedrooms! No word on why he is selling or where he is […]

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South Beach: Is It Really That Fabulous?

Today, The Herald wrote an AMAZING story on the evolution of South Beach.  I have been here since 1992.  I moved to Miami Beach one week after Hurricane Andrew.  Prior to that, I came to Miami Beach on vacation.  I used to attend the Winter Music Conference when attendance was about 300.  Now it is some out-of-control […]

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Carlos Justo unloads Batchelor Estate on North Bay Road, but is it too late?

June 13th, Joan Fleischman chronicled the financial distress of Sol Sotheby’s Broker Carlos Justo. Sources have said that the former home of George Batchelor was sold this week for around $12M. Terms were undisclosed except that it would be a quick closing. The parcel consists of two properties: one consisting of a 9,476 home on […]

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Madonna to buy in Miami?

Lesley Abravanel from the Miami Herald reported in her blog that Madonna is house-hunting in Miami. While reading her article today , I felt that a couple things did not make sense: If Madge was looking for privacy, Golden Beach would be the LAST place she would consider because the oceanfront homes are on a […]

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