After cashing out of Rockstar Energy in a multibillion-dollar sale to PepsiCo five years ago, founder Russell Weiner turned his attention from energy drinks to luxury Florida real estate. Weiner, who says he recently changed his name to Russell Savage, an homage to his father’s radio name, started with a pair of modest flips. In … Read more
An exclusive community in southern Florida is proving itself to be a rising power player in the luxury housing market, going toe-to-toe against the likes of Palm Beach and Miami in a David vs. Goliath-style battle of wealth and privilege. For years, Florida’s most moneyed residents have flocked to Miami and its surrounding areas, seeking … Read more
New York City’s Mayor-elect Zohran Mamdani was on the minds of Miami developers, brokers and billionaires last week. His win on Tuesday has fueled a number of memes and social media posts claiming that a mass exodus of wealthy New Yorkers to Florida is already underway. He’s promised to freeze rents on rent-stabilized buildings and … Read more
California’s billionaires may be on the hook for a one-time 5% tax on their net worth to help the state fund health care for low-income residents after sweeping federal cuts to Medicaid—a move that could generate about $100 billion in revenue but potentially shake up the local housing market’s luxury segment. Last week, the Service … Read more