Miami, FL
Boston Celtics Super Fan Has Miami Heat Among Top 5 Bleakest Futures In the East
While the Miami Heat’s future isn’t set in stone regarding their ability to return the franchise to the high standards they strive for, there are several upcoming obstacles they will have to address.
On the Bill Simmons Podcast, he discussed with Ryan Russillo the dangers of the Heat’s first-round draft assets for 2027 and Tyler Herro’s pending $50 million max contract extension. Both can hinder their ability to continue building their young core and pursue another star player.
“The alarming thing is their 2027 first goes to Charlotte, and that’s just unprotected,” Simmons said. “That makes me nervous. And I think what really makes me nervous with this roster is if they pay Herro, I’m not sure how you get to the late 2020s with a move.”
Bam Adebayo may be an even more concerning situation for the Heat. Despite consistently finishing among the top five for Defensive Player of the Year voting, the multiple-time All-Star’s inconsistent offensive production has limited his ceiling as the best player on a team. Combined with potentially paying Herro, the Heat will need a significant leap in production from one of them to make their contracts worth it.
“As much as I like Bam, there’s probably a conversation about him being $51, $55, and $60 million,” Russillo said. “Is he that guy? And that’s where the Herro extension seems even nastier because I probably like Herro more now than I ever have. I think the shot-making is that special, but it’s pretty one-dimensional, and if there’s not somebody else to hide him defensively, it’s a disaster.”
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Miami, FL
Miami-Dade deputies detain elderly father who they say shot and killed his son after a domestic dispute
A 75-year-old man has been detained after Miami-Dade deputies say he shot and killed his son after a domestic dispute in Palmetto Bay.
This happened, according to investigators, at approximately 4:49 p.m. in the area of SW 168th Street and 92nd Avenue.
When deputies arrived, they found the elderly man, who had not yet been identified, and immediately detained him for questioning.
Afterwards, they conducted a security sweep and found an adult male, 47, suffering from an apparent gunshot wound.
Deputies say this isn’t the first time they have responded to the home.
“We have responded to this particular residence in the past due to mental health-type incidents,” MDSO PIO Detective Argemis “AC” Colome said.
Deputies say the dispatcher heard a dispute happening over the phone during the 911 call, but it’s unclear what led to the shooting and who was having the mental health crisis.
“The individual who shot was the father, and the male deceased on the scene was the son,” Colome said.
Neighbors reacted to this family tragedy with shock.
“So sad, a little bit concerned cause maybe you’re, you know, you’re staying somewhere, and you don’t know what’s actually happening at the other houses,” Giorgos Kollilekas, who lives in the area, said.
Colome said that there is no danger to the community as this was the result of a domestic dispute.
“There’s always help, please, there’s a lot of hotlines, there’s a lot of numbers. You can call us. At the end of the day, getting help early can mitigate situations like this,” Colome said.
No other information has been released, including the identities of those involved or what caused the dispute.
The investigation is ongoing.
Miami, FL
Cain, Kushner launch South Florida JV with plans for Edgewater rental tower
Cain and Kushner are launching a South Florida real estate joint venture, planning a luxury apartment tower in Edgewater for their first project, The Real Deal has learned.
London-based Cain, led by Jonathan Goldstein, and New York-based Kushner, led by Laurent Morali and Nicole Kushner Meyer, plan a 40-story, 364-unit project on Cain’s 1.5-acre site at 614 and 720 Northeast 27th Street in Miami, according to a news release. The property is near the Missoni Baia condo tower that Cain co-developed with Vlad Doronin’s OKO Group.
BDT & MSD Partners provided a $42 million loan for the project, which is in the pre-development phase. Construction is expected to start late next year, the release says.
The Cain-Kushner JV is targeting residential and mixed-use investments and developments in the tri-county region.
“We are looking at all opportunities that we think are sensible,” Goldstein said.
Their South Florida JV comes as the region is experiencing another influx of out-of-staters after the pandemic-era boom, only this time the in-migration is primarily of wealthy individuals and their companies amid the blue-to-red-state migration.
Yet, Cain and Kushner’s plans for Edgewater apartments come as the multifamily market has softened due to hefty deliveries in recent years. A record 18,600 units were completed in 2024, outpacing leasing that year by about 20 percent, CoStar Group data shows. Although construction starts have slowed, last year’s 12,718 unit completions still surpassed total leasing for the year by about 1,000 apartments.
It has led to slower lease-ups, more concessions and a drop in the average asking rents across South Florida.
Developers starting projects now have said demand will catch up by the time they finish their buildings, with many adding that South Florida remains a strong apartment market. Many are betting on luxury rentals, which CoStar’s data showed made up the bulk of leasing in recent years.
“We are big believers in South Florida and big believers in Miami,” Goldstein said.
Cain, backed by Todd Boehly’s Eldridge Industries, has been investing in South Florida for nearly a decade, with the JV in some ways marking its second chapter in the region.
Cain’s most recent project is the Delano Miami Beach renovation. The hotel, which closed in 2020, is expected to reopen in time for the Formula 1 Miami Grand Prix early next month.
Aside from the Missoni Baia condo tower, Cain also partnered with OKO on the Una Residences condo tower in Brickell and the 57-story 830 Brickell office tower. The office building was completed in 2024 fully pre-leased, catching a demand surge during the pandemic-era in-migration of out-of-state companies to Miami. Cain also is an investor in Doronin’s hospitality firm Aman Group.
Kushner has a presence in Miami’s Edgewater, completing the 37-story, 420-unit apartment tower at 2000 Biscayne Boulevard in 2024, with plans for more residential development next-door at 1900 Biscayne Boulevard. It also purchased the 276-unit Hamilton apartment building at 555 Northeast 34th Street from Aimco.
Elsewhere, Kushner plans a 932-unit multifamily development at 300 West Broward Boulevard in Fort Lauderdale. It borrowed a $115 million construction loan last year for a luxury 68-unit apartment project in Surfside. And it scored approval in October for a 470-unit rental building and synagogue development near Hollywood’s Seminole Hard Rock Hotel and Casino.
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Miami, FL
May a steadying presence as Cards hold off Marlins in Miami
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