2 years ago

Chatham Lodging Completes Acquisition of the Residence Inn Fort Lauderdale Intracoastal | Reuters

Chatham Lodging Completes Acquisition of the Residence Inn Fort Lauderdale Intracoastal

Chatham Lodging Trust (NYSE:CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that it has completed the previously announced acquisition of the 105-room Residence Inn Fort Lauderdale Intracoastal/Il Lugano.

This is a great addition to our portfolio, further enhances its quality and geographic distribution, commented Dennis Craven, Chathams chief operating officer. Given the current disconnect in public pricing of our common sto

2 years ago

Real Estate Market Trends for Miami, FL

Summary for Miami

The median sales price for homes in Miami FL for Jul 15 to Oct 15 was $247,000. This represents a decline of 1.2%, or $3,000, compared to the prior quarter and an increase of 11.3% compared to the prior year. Sales prices have appreciated 65.8% over the last 5 years in Miami. The average listing price for Miami homes for sale on Trulia was $441,237 for the week ending Oct 21, which represents a decline of 2.7%, or $12,039, compared to the prior week and a decline of https://www.thumbtack.com/profile/services/XITlBY77db42ww/ 2.1%, or $9,332, compared to the week ending Sep 30. Average price per square foot for Miami FL was $174, an increase of 6.7% compared to the same period last year. Popular neighborhoods in Miami include Coral Way, Wynwood - Edgewater, Upper East Side, Northeast Coconut Grove, West Little Havana, and East Little Havana.


2 years ago

Jury convicts Miami man who says he grew pot for cancer-stricken wife | Reuters

MIAMI A Miami jury convicted a man who faces up to 35 years in prison for growing marijuana in a bedroom of his house in what he says was an act of love to help his wife who is recovering from breast cancer, local media reported.

Ricardo Varona, 43, was arrested in July 2014 and charged with marijuana trafficking after police said they seized 15 live marijuana plants that could have produced more than 30 pounds of usable weed.

In closing arguments on Friday, Varona's lawyer, Jose Aguirre, told jurors in Miami state court that detectives did not find any money ledgers, drug scales or packaging equipment at Varona's house that would show he was selling pot for money.

"They want you to believe he is Pablo Escobar and Walter White," Aguirre said, referring to the deceased Colombian cocaine baron and the drug dealing protagonist http://www.topix.com/yp/miami-fl/KPEIFNAP6IJS6U90c-stow-simple of the TV series "Breaking Bad."

"All he was trying to do was give his wife the medicine she needs."

Prosecutors also failed to prove the actual weight of the plants, Aguirre added.

Prosecutors said Varona had set up lights to mimic the sun, air filters to mask the pungent odor, and fans to cool the operation, local media reported. The size of it was far more than could ever be consumed by one person, they argued, estimating the plants' value at $90,000.

"He was helping out his wife and he was helping out his wallet," said prosecutor David Emas.

Florida last year legalized a low-potency strain of medical marijuana to treat severe epilepsy though it has yet to select approved state growers. A petition is being organized to widen medical marijuana usage in the state.

Aguirre said his client faced a maximum of 35 years in prison if found guilty.

More than 20 states have passed laws legalizing medical marijuana in recent years, while a handful of others such as Colorado also allow recreational use of the drug.

Maria Varona told jurors during the trial she has to make the costly trip to Colorado to get marijuana edibles and pills.

Although her cancer is in remission, she continues to require cannabis edibles due to the prevalence of the disease in her family, she told the court.

The prosecutor accused Varona's wife of lying on the stand. "She is covering up for her husband," he said. "Who can blame her?"

(Additional reporting by Zachary Fagenson; Editing by David Adams and Diane Craft)


2 years ago

4 injured in gas explosion at Miami-area high-rise

SUNNY ISLES BEACH, Fla.-- Numerous people were injured in an explosion at a Sunny www.fixr.com/sp.stow-simple.html Isles Beach building in Florida on Friday, reports CBS Miami.

Fire officials say a gas leak caused an explosion in the boiler room of a penthouse at a Miami-area high-rise, injuring at least four people.

Muria Serrano, public information officer for Miami-Dade Fire Rescue, says two people were taken by air to a trauma center.


Scene of an explosion in Florida.

CBS Miami

The explosion happened Friday at the top of a high-rise residence in Sunny Isles Beach, a city about 20 miles north of Miami.

Around noon, fire rescue trucks could be seen near the Chateau Beach Residences building.

CBS Miami's chopper was over the scene as a section of the top of the building could be seen apparently collapsed near a room that looked like a boiler room.

This is a breaking news story and will be updated.

2 years ago

Florida to go blue versus Tennessee

The rivalry between Tennessee and Florida is a fierce one. Nearly 100 years ago (1916) is when the two teams first faced off versus one another. Both programs have sustained great success over http://yellmy.com/index.php?page=detail&get_id=54109&category=101 the years, and there was time in which the SEC East Division went through Gainesville and/or Knoxville. As a result, the pageantry surrounding this game is usually considerable, and carnival-like in nature.

This upcoming weekend, Florida will play host to Tennessee in The Swamp. A "blue out" will be in effect. Although Orange is part of Florida's color scheme, the home team is hoping to create a crystalline sea of blue within Ben Hill Griffin Stadium.


2 years ago

$4.5 million-worth Spanish gold coins discovered on 300th anniversary of 1715 shipwreck

Exactly 300 years to the day after a hurricane destroyed 11 Spanish ships off the coast of Florida, a salvage company made an incredible discovery worth $4.5 million.

Brent Brisben, 1715 Fleet Queens Jewels CEO, said the July 30 find was "magical" and "surreal."

"Not only to have these incredible artifacts come up with their great value, but to have it actually happen on the 300th anniversary is really something I can't articulate," Brisben said Wednesday on "CBS This Morning."

Brisben's team recovered 350 sunken gold coins including nine Royals, artifacts he said haven't been found since 1998.

"These Royals are perfect specimens of coinage of the time and they we

2 years ago

Cheap, synthetic 'flakka' dethroning cocaine on Florida drug scene | Reuters

MIAMI For decades, South Florida has battled drug traffickers who ship boatloads of cocaine from South America. Now the region is dealing with http://bizdays.com/Florida/bizid-672894.html a new epidemic - cheap, synthetic drugs that arrive from China through the mail.

As authorities in the Sunshine State battle with the surge of Alpha-PVP, better known as "flakka" or "gravel," police departments have begun equipping officers with field detection kits, employing sniffer dogs at mail facilities and training patrol units to look for signs of delirium.

The drug's popularity, however, is only growing. In 2014, the first year