For renowned international architect Zaha Hadid, something in Miami never added up: the architecture didn't match the city. The city lacked residences to back up its diverse, international population and burgeoning reputation for high-end culture, including Art Basel, a large, annual contemporary fair.
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Miami is readying for the 13th installment of Art Basel Miami Beach, among the world’ most important contemporary art fairs, a five-day extravaganza that has become a magnet for high-end real estate and luxury brands to align themselves with the artistic set to attract the world’s biggest spenders.
Local private equity firm Fireman Capital Partners (FCP) picked up a majority stake in a Dunkin' Donuts franchise group in Florida for an undisclosed sum.
Miami, US-based anti-fraud startup Kairos AR raised $1.2 million in a Series A funding round led by Boca Raton-based investment firm New World Angels for the development of its facial recognition software.
In the SwitchPitch event in Miami, it's not the startups that went to the stage to make the pitch to investors. Rather, it's the big firms that did the pitching, the Miami Herald reported.
Miami, Florida-based healthcare analytics startup QualMetrix raised an undisclosed amount in its Series A funding round to continue its expansion efforts through acquisition of other related companies.
Former LA Galaxy soccer star David Beckham reportedly sought help from Qatar Sports Investment (QSI) in funding his new Major League Soccer (MLS) franchise to be established in Miami, Florida.
Genting Malaysia Group, which is majority owned by Genting Bhd, has signed an agreement with American groups Gulfstream Park Racing Association, Florida Horsemen's Benevolent & Protective Association and Florida Thoroughbred Breeders' Association to build a gaming resort in Miami, Florida.
Miami failed to convince US District Judge Cecilia Altonaga that the lawsuit filed against the city by the US Securities and Exchange Commission should be dismissed, Reuters reported.
Hollywood actor Leonardo DiCaprio has invested an undisclosed amount in Monaco-based electric car startup Venturi Automobiles and co-founded a new electric racing team which will compete in the Formula E series next September.
Miami is reported to top US in foreclosures amid private-equity buying and bank property selling.
