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☆ Ken Griffin's move to Florida means losing millions on homes he never even lived in
▼ + stars: | 2024-10-21 | by ( Lian Kit Wee | Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Ken Griffin's Chicago penthouse — listed for $10 million less than he paid for it — has a buyer. A representative for Griffin said that his real-estate investments in Florida make up for the loss. AdvertisementGriffin and the listing agents for the Chicago penthouse did not respond to requests for comment sent by Business Insider. In 2023, he added, only four properties sold for that amount. AdvertisementAccording to Rafael Murillo, a Compass agent in Chicago, properties that cost eight figures are not a regular occurrence.

Persons: Ken Griffin's, —, Griffin, Ken Griffin, Walton, he's, Zia Ahmed, Michael LaFido, Knight, Rafael Murillo, Murillo, Michael Jordan's, Jordan, LaFido, homebuyers Organizations: Service, Citadel, Cook, Bloomberg, Chicago, Business, Chicago Tribune Locations: Ken Griffin's Chicago, Florida, Chicago, Gold Coast, Lake Michigan, South Florida, Coconut Grove, Miami, Palm Beach, Chicagoland, New York, city's St, Regis, Highland, COVID, Illinois

☆ Climate change is gentrifying neighborhoods. In Miami, residents fear high prices — and a lost soul
▼ + stars: | 2024-07-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +16 min

Part of the building site of the Magic City development in Little Haiti. Among the properties is Sixty Uptown Magic City, billed as a collection of luxury residential units. Plaza Equity Partners, a real estate developer and one of the Magic City partners, did not respond to CNBC's requests for comment. Magic City development site in Little Haiti. Magic City investors also invested $31 million in the Little Haiti Revitalization Trust, created and administered by the City of Miami to support community revitalization in Little Haiti.

Persons: Greg Iacurci, Greg Iacurci MIAMI — Nicole Crooks, James Brown, Sam Cooke, Ray Charles, Aretha Franklin, Ella Fitzgerald, Jackie Robinson, Joe Louis, Overtown, Crooks, Nicole Crooks, Carl Gershenson, Gershenson, Moody's, Robert Zangrillo, Princeton's Gershenson, Andrew Rumbach, Chris Rogers, Rumbach, Brown, Fredericka Brown, Carolyn Donaldson, Greg Iacurci Carolyn Donaldson, Donaldson, David Arditi, Greg Iacurci Flood, Arditi, homebuyers, Han Li, Richard J, Grant, Todd Crowl, Urban Institute Paulette Richards, Richards, who's, Carl Juste, Greg Iacurci Carl Juste's, — Viter, Maria Juste, Little, Little Haiti —, " Juste, Juste, Neil Fairman Organizations: Lyric, Greg Iacurci MIAMI, Catalyst Miami, Princeton University Eviction, Magic City, Liberty City —, Dade, Harvard University, Florida International University, Magic City Innovation, Dragon, Miami ZIP, Liberty City, Miami, West Palm Beach, Boca Raton, Urban Institute, Marshall Fire, Photodisc, Georgia Institute of Technology, Brookings Institution, Macedonia Missionary Baptist Church, Macedonia Missionary Baptist, Grove Rights, Community Equity, Development, Developers, City, Aria Development, Federal Emergency Management Agency, University of Miami, Florida International University Institute of Environment, Women, Leadership Miami, Little Haiti, Magic City Innovation District, Dragon Global, Magic, Plaza Equity Partners, Lune, Lambert, Little Haiti Revitalization Trust Locations: Miami's Overtown, Miami, Overtown , Miami, Magic, Little Haiti, U.S, Zillow, Overtown, Allapattah, Liberty, Dade County, Kendall, West Palm, Delray, Honolulu, Louisville , Colorado, Colorado, Coconut Grove, Macedonia, West, West Grove, Bahamas, Grove, City of Miami, Brickell, Caribbean, Liberty City, Haitian Diaspora, Magic City, Lune Rouge

☆ Miami is 'ground zero' for climate risk. People are moving to the area and building there anyway
▼ + stars: | 2024-04-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +20 min

South Pointe Beach in Miami Beach, Florida. Climate risk is "always on our thoughts," said Habibian, 39, who moved to Miami-Dade County about six years ago. Despite that risk, 66% of Miami-Dade County residents said they'd never leave, according to a study published in the journal Climate Risk Management. "We try to be smart about it, try to be proactive as best we can," Arditi said of climate risk. Juxtaposed at left was one of the last remaining patches of mangroves in the urban Miami area, a living memorial to a once-thriving population.

Persons: Greg Iacurci, Daniel Habibian, Harold Wanless, Sonia Brubaker, Saul Martinez, Andrew Rumbach, Rumbach, Joe Raedle, Irma, Al Diaz, they'd, Steven Bustamante, Bustamante, Jeff Greenberg, There's, David Arditi, Arditi, Aria's, Jeff Bezos, Goldman Sachs, Douglas Sacks, Ken Griffin, Brubaker, Biscayne Bay . Miami Worldcenter, Chandan Khanna, Dion Williams, Williams, Dion, Todd Crowl, Crowl, We're, Erik Salna, Chris Baraloto, Rita Teutonico, Amy Knowles, Knowles, it's, City of Miami Beach Greg Iacurci Miami Organizations: Greg Iacurci MIAMI, University of Miami, City, CNBC, Cumming Group, Florida Department of Transportation, Bentley, Bloomberg, Getty, Urban Institute, Organisation for Economic Co, Miami, Volunteers, Florida Keys, Miami Herald, Tribune, Service, Dade, Risk, Yale University's School of, Finance, SEC, Miami Beach, Universal, Group, Aria Development, National Association of Realtors ., Miami Realtors, Amazon, Citadel, Resorts, Bloomberg News, Dade County's, Getty Images, Residences, Pointe Park, Fifth, Afp, Federal Emergency Management Agency, Management, Sunshine, Insurance, Institute, Florida International University Institute of Environment, Hurricanes, University of Pennsylvania, International Hurricane Research, of, Florida International University, City of Miami Beach Locations: Pointe Beach, Miami Beach , Florida, Miami, South Beach, Dade, City of Miami, Dade County, New York, Fort Lauderdale, West Palm, South Florida, Florida, Tampa, St . Petersburg, Miami , Florida, Southeast Florida, Miami Beach, City, Aria's Miami, U.S, California , New York, New Jersey, America, Caribbean, New York City, Biscayne Bay . Miami, Pointe, It's, Surfside, . Florida, Biscayne Bay, Miami's, Bermuda, Kampong, Coconut Grove, Brittany Bay, South Pointe, City of, Brittany Bay Park

☆ The great wealth 'realignment': Affluent people keep moving from NY and SF to cheaper, warmer places
▼ + stars: | 2024-01-07 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +6 min

Wealthy people are moving to states including Florida, Texas, North Carolina, and Tennessee. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Florida, Texas, and North Carolina are popular destinations for more than just the wealthy. The reshuffling of wealth is making historically cheaper states more expensiveIn Miami, in particular, this reshuffling of wealth has ushered in an era of unaffordability. "Miami and most of Southeast Florida have rebranded into more luxury markets," housing expert Jonathan Miller told BI in September.

Persons: They've, —, SmartAsset, Ken Griffin, Jeff Bezos, Alexander Tamargo, Indxx, AllianceBernstein, Charlotte, Goldman Sachs, Griffin, plunked, Jeffrey Greenberg, Jared Kushner, Ivanka Trump, Carl Icahn, Elon Musk, he's, Jonathan Miller, Bezos, Kushner, Trump, Dina Goldentayer, Dina Goldentayer Dina Goldentayer, Zillow Organizations: Service, Bloomberg, Austin, Citadel, Amazon, Allspring Global Investments, Oracle, Tesla, Dallas ., Company, Universal, Getty, Miami Locations: Florida , Texas, North Carolina, Tennessee, Miami, Florida, New York, California, Florida , Tennessee, New Jersey , Massachusetts, Dallas, Nashville, Charlotte, New York City, Texas, Miami Beach, Chicago, San Francisco, Austin, Coconut Grove, Southeast Florida

☆ Jimmy Buffett, legendary 'Margaritaville' singer, dies at 76
▼ + stars: | 2023-09-02 | by ( Henry Austin | Phil Helsel | ) www.cnbc.com time to read: +4 min

Jimmy Buffett of Jimmy Buffett and the Coral Reefer Band performs during the 2022 New Orleans & Jazz festival at Fair Grounds Race Course on May 08, 2022 in New Orleans, Louisiana. Jimmy Buffett, the singer-songwriter who drew millions of fans with his folksy tales of living and loving on tropical sandy beaches, frozen concoction in hand, died Friday night. But it was in Key West, Florida, in the 1970s that Buffett "found his true voice," according to his website. As time went on, Buffett also appeared on TV, movies and his work became a musical. There was also a Broadway show based on Buffett's music, " Jimmy Buffett's Escape to Margaritaville," which debuted in 2017.

Persons: Jimmy Buffett, Jimmy, Buffett, Hank Williams, Alan Jackson, —, Jerry Jeff Walker, margarita, Tom Selleck, Jimmy Buffett's, Joe Merchant, Jane Slagsvol, Cameron, — Christopher Cichiello Organizations: Reefer, Orleans & Jazz, Forbes, Alabama's Auburn University, University of Southern, Billboard Magazine, Key West, University of Miami, Men's, Associated Press Locations: Orleans, New Orleans , Louisiana, Pascagoula , Mississippi, University of Southern Mississippi, New Orleans, Nashville , Tennessee, Key West , Florida, South Florida, Margaritaville, Pitcairn, Savannah

All eyes are onJudge Aileen Cannon, who is presiding over the first pretrial hearing Tuesday in the DOJ's prosecution of Donald Trump. Since the confirmation, a least one other Cannon case made national headlines. Judge Aileen Cannon gave her confirmation testimony to the Senate Judiciary Committee over Zoom on July 29, 2020. There, she prosecuted cases involving narcotics, fraud, firearms, and immigration cases, according to her Senate confirmation document. Cannon during her confirmation hearing thanked Rubio as well as fellow Republican Sen. Rick Scott of Florida for their "continued support."

Persons: Aileen Cannon, Donald Trump, Cannon, Nancy Pelosi, Alexandria Ocasio, Cortez, Department's, Trump, Jack Smith's, Bill Barr, behead, Mercedes Cubas, Federalist Society —, Steven Colloton, Gibson, Dunn, Crutcher, Josh Lorence, Ron DeSantis, Lynne Sladky, Lorence, Bobby Flay, DeSantis, Republican Sen, Marco Rubio, Rubio, Rick Scott of, " Rubio, Democratic Sen, Dianne Feinstein, they'd, Pelosi, Paul Hoeffer, Hoeffer, Cannon's, Fort, Paul G Organizations: Trump, Lago, Service, US, Justice Department, Department, FBI, Fox News, Senate, Democratic Rep, Zoom, Committee, Duke University, El, El Nuevo Herald, Miami Herald, University of Michigan Law School, Federalist Society, Crutcher LLP, Southern, Southern District of, GOP, White, Republican, Democratic, Rogers, CNN Locations: Mar, Wall, Silicon, Trump's, Lago, Florida, Alexandria, Cortez of New York, Cali , Colombia, Miami , Florida, Cuba, Spain, El Nuevo, Iowa, Washington ,, Southern District, Southern District of Florida, Athens, Greece, Vero Beach , Florida, Marco Rubio of Florida, Rick Scott of Florida, Cortez, Fort Pierce , Florida, West Palm Beach, Palm Beach

☆ Luck of the draw: Trump's judge will likely be his appointee Aileen Cannon, who has already handed him victories that had legal experts scratching their heads
▼ + stars: | 2023-06-09 | by ( Kimberly Leonard | Insider Staff | ) www.businessinsider.com time to read: +9 min

Judge Aileen Cannon is likely to preside over the first-ever federal trial of a former president. Cannon, 42, has been assigned to oversee Trump's trial, according to a summons cited by numerous news outlets. At that time, a magistrate judge on duty — and not Cannon — is expected to oversee the proceedings. The judge will likely decide whether to set bail, and read the charges against Trump before he enters a plea. "Judge Cannon is a great judge who I am very proud to have enthusiastically supported," Rubio told Insider through his office when asked about the connection.

Persons: Aileen Cannon, Trump, —, Aileen Cannon —, Donald Trump —, Cannon, Jon Sale, Sale, Cannon recuses, It's, Cannon's, Nelson Mullins Riley, Fort, Paul G, Donald Trump, ANDY BUCHANAN, Mercedes Cubas, Federalist Society —, Steven Colloton, Gibson, Dunn, Crutcher, Josh Lorence, Lorence, Bobby Flay, Ron DeSantis, Republican Sen, Marco Rubio, Rubio, Rick Scott of, " Rubio, Democratic Sen, Dianne Feinstein, they'd, Nancy Pelosi, Cortez, Paul Hoeffer, Hoeffer Organizations: Service, Department of, Trump, Southern District of, Appeals, Scarborough LLP, Miami Herald, Rogers, Getty, Committee, Duke University, El, El Nuevo Herald, University of Michigan Law School, Federalist Society, Crutcher LLP, Southern, Republican, Senate, Democratic Locations: Department of Justice's, Miami, Mar, Palm Beach , Florida, Southern District, Southern District of Florida, West Palm Beach County, Fort Pierce , Florida, West Palm Beach, AFP, Cali , Colombia, Miami , Florida, Cuba, Spain, El Nuevo, Iowa, Washington ,, Florida, Athens, Greece, Vero Beach , Florida, DeSantis, Marco Rubio of Florida, Rick Scott of Florida, Cortez of New York

☆ Billionaire Ken Griffin is raising alarm over his desire to move a 100-year-old home off his $107 million Miami estate
▼ + stars: | 2023-02-07 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

The billionaire Ken Griffin bought a historic Miami property for about $107 million in September. If the HEPB rejects the plan, Griffin could appeal to the Miami City Commission. A Citadel representative, Zia Ahmed, told the Journal that if Griffin were to move the house, "the utmost care and every precaution" would be taken. To Varas, the idea of moving the property to another piece of land was tantamount to "redacting history." Coconut Grove, the neighborhood in Miami where Griffin purchased a $107 million estate.

☆ Billionaire Ken Griffin wants to relocate a historic Miami home he purchased for $107 million. Preservationists say it could set a dangerous precedent.
▼ + stars: | 2023-02-07 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

The billionaire Ken Griffin bought a historic Miami property for about $107 million in September. A Citadel representative, Zia Ahmed, told the Journal that if Griffin were to move the house, "the utmost care and every precaution" would be taken. To Varas, the idea of moving the property to another piece of land was tantamount to "redacting history." Coconut Grove, the neighborhood in Miami where Griffin purchased a $107 million estate. Preservationists told the Journal that the home was a testament to the grand-estate days of Miami's early history when Coconut Grove experienced an economic boom.

☆ Billionaire Ken Griffin Wants to Move a Historic Home Off His Miami Property. Preservationists Aren’t Happy.
▼ + stars: | 2023-02-02 | by ( Katherine Clarke | ) www.wsj.com time to read: +1 min

When hedge-fund billionaire Ken Griffin announced plans to relocate his company Citadel to Miami last year, some predicted his presence—and subsequent bet on the local real-estate market—would shape the future of the city. Now, some local preservationists say Mr. Griffin is being cavalier about protecting the city’s past. A proposal by Mr. Griffin to relocate a historic home on a site he purchased in Miami’s Coconut Grove for $106.875 million last year has become controversial in the community. Preservationists say a property of that level of historic designation, built around 1913 for three-time presidential candidate and onetime Secretary of State William Jennings Bryan and listed on the National Register of Historic Places, shouldn’t be moved, outside of extreme circumstances. Mr. Griffin says moving the home, possibly to a city-owned site, would allow the public access to it for the first time since it was built over a century ago.

☆ Billionaire Ken Griffin Wants to Move a Historic Home off His Miami Property. Preservationists Aren’t Happy.
▼ + stars: | 2023-02-02 | by ( Katherine Clarke | ) www.wsj.com time to read: +1 min

☆ Miami's mayor said the 'single hottest city in the world' will keep attracting tons of transplants in 2023
▼ + stars: | 2022-12-31 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +7 min

Miami Mayor Francis Suarez predicted people from all over the world would move to Miami in 2023. Suarez predicted Miami would effectively weather a recession. As the top executive for the city, Miami Mayor Francis Suarez has shepherded along much of the city's economic changes by encouraging tech and venture capital companies to plant offices downtown. Miami Mayor Francis Suarez, a Republican, predicted the Magic City would be able to weather a recession. As some analysts forecast a global recession hit in 2023, the mayor predicted Miami would be able to weather it.

☆ Miami Mayor Francis Suarez voted for DeSantis in 2022 after supporting his Democratic opponent 4 years ago and not voting for Trump in 2020
▼ + stars: | 2022-12-29 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

Miami Mayor Francis Suarez voted for DeSantis for governor after supporting his challenger in 2018. Ron DeSantis' victory in Miami-Dade County included support from at least one high-profile politician who didn't vote for him four years ago: Miami Mayor Francis Suarez. In 2018, Suarez, a Republican, voted for DeSantis' Democratic challenger, then-Tallahassee Mayor Andrew Gillum. Miami mayor Francis Suarez Lynne Sladky/APSuarez has been forthcoming about certain areas in which he and DeSantis disagree. Suarez told Punchbowl News in October that he'd consider a presidential run, but told Insider on Wednesday that he wasn't close to making a decision.

☆ Meet 41-year old Judge Aileen Cannon, the Trump-nominated Floridian who will pick the special master to weed through the documents seized at Mar-a-Lago
▼ + stars: | 2022-12-13 | by ( Kimberly Leonard | Azmi Haroun | ) www.businessinsider.com time to read: +9 min

Judge Aileen Cannon recently reversed a big win that she had handed Trump's defense team. Judge Aileen Cannon gave her confirmation testimony to the Senate Judiciary Committee over Zoom on July 29, 2020. There, she prosecuted cases involving narcotics, fraud, firearms, and immigration cases, according to her Senate confirmation document. Cannon during her confirmation hearing thanked Rubio as well as fellow Republican Sen. Rick Scott of Florida for their "continued support." "Judge Cannon is a great judge who I am very proud to have enthusiastically supported," Rubio told Insider through his office when asked about the connection.

☆ Wealthy people who moved to Miami are rejecting Florida traditions and radically transforming their homes instead
▼ + stars: | 2022-10-12 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +7 min

"They're willing to bring their New York aesthetic down into Miami, or their LA or Beverly Hills aesthetic down into Miami." Miami newcomers aren't afraid to break away from aesthetic normsEilyn, who said her design style is more personable and poised, was born and raised in Miami. The result is a modern beach home that includes elements of classic Miami design "mixed with the tranquility of Mykonos" that combines a simple color palette with pops of visual interest. "You can incorporate details that maybe you wouldn't see so much in Miami design," she said. It means they have a steady stream of work, with the possibility to be creative and stretch their imaginations as they shape the future of Miami design.

☆ The company trying to buy Trump's Truth Social has changed its HQ address from a WeWork to a mailbox at a UPS Store
▼ + stars: | 2022-09-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

The company trying to buy Trump's Truth Social has changed its HQ address to a UPS mailbox. Digital World Acquisition previously had its HQ address listed as a WeWork building in Miami. The blank-check company's proposed deal with Truth Social has been plagued by setbacks. A buyout deal between Digital World and Truth Social was first announced in October 2021, and was originally set to close in September 2022. Digital World did not immediately respond to Insider's request for comment, made outside of regular working hours.

☆ $100 million is the new frontier for South Florida luxury homes, says agent Dina Goldentayer, who sold $750 million in real estate last year via chauffeured car, helicopter, and golf cart
▼ + stars: | 2022-09-27 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +4 min

Griffin's $100 million buy is more than double the 2019 record for Miami's priciest single-family home. A Golden Beach compound is on the market for $100 million — and is being marketed as a gut job. "Now $100 million seems to be the threshold that captures the public's imagination. While Miami's ultraluxury market thrives, its less-pricey sectors are beginning to normalize, Miller said. Douglas Elliman's South Florida market reports, which Miller compiles, point to a slowdown in new signed contracts, but that's in comparison with the supercharged market of 2021.

☆ Ken Griffin Is the Buyer Behind $106.875 Million Miami Deal
▼ + stars: | 2022-09-07 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A waterfront estate in Miami’s Coconut Grove area has sold for $106.875 million, setting a record for Miami-Dade County and becoming the first Miami home to cross the nine-figure price threshold, according to the listing agent, Ashley Cusack of Berkshire Hathaway HomeServices EWM Realty.

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