Business

Business

Eleven Cannabis Firms With a Lincoln Road Address Collapse in Coordinated Wind-Down, Handing Assets to Creditors

Five of eleven affiliated cannabis companies headquartered at 1111 Lincoln Road filed state-law insolvency petitions on July 28, saddled with hundreds of millions in debt and blocked from federal bankruptcy by cannabis's illegal status.

Journal Staff Jul 31, 2026

Business

Vacchi's $95M Fraud Case Against Developer Michael Stern Escalates: A Blown Deadline, a 'Phantom' Lawsuit, and Defamation Claims

Two weeks after Miami's highest-profile development fraud case became public, an amended complaint escalates it sharply — adding new defaults and defamation counts, and deepening the financial case against the developer behind the $95.75 million claim.

Journal Staff Jul 21, 2026

Business

Miami Beach Hotel at Center of Multimillion-Dollar Fraud and Asset-Hiding Lawsuit

Investors behind a landmark Miami Beach hotel say its developer secretly moved millions in assets into family trusts and shell companies to dodge creditors — right as a coordinated three-step scheme allegedly unfolded.

Journal Staff Jul 16, 2026

Business

Mount Sinai Fires Back at the Star Urologist — Citing an Agreement That Hasn't Surfaced in the Case Before

In a point-by-point reply to the urologist's defenses, Mount Sinai invokes a previously undisclosed agreement it says undercuts his central theory of the case — and days later, a judge set the non-compete fight on a fast track toward a jury trial.

Journal Staff Jul 03, 2026

Business

Italian Mogul Gianluca Vacchi Sues Miami Developer Michael Stern for $95 Million, Alleging Massive Ponzi Scheme Across Luxury Projects

Italian entrepreneur and social-media celebrity Gianluca Vacchi is suing Miami developer Michael Stern for $95.75 million, alleging a Ponzi-like scheme spanning several luxury condo projects — with a hook that lands squarely in Miami Beach.

Journal Staff Jul 02, 2026

Business

Contractor Sues Demolition Crew for $205K After Botched Dig Killed Miami Beach Traffic Signal, Stalled Convention Center Permits

A demolition subcontractor working at the Fontainebleau Convention Center on Collins Avenue allegedly destroyed a county traffic signal during crane foundation removal, triggering a city permit freeze and a $205,000 cleanup bill now at the center of a Miami-Dade lawsuit.

Journal Staff Jul 02, 2026

Business

Owners of Greystone Hotel Sue Powerhouse Law Firm for $70M, Alleging Years of Secret Conflicts of Interest

The investors behind the Greystone Hotel on Collins Avenue claim their own attorneys secretly represented both sides of the deal for eight years, costing them tens of millions of dollars.

Journal Staff Jul 02, 2026

Business

Diveroli Drops Brokerage and Law Firm From $100M Continuum Suit; Case Presses On Against Associations and President

Efraim Diveroli voluntarily dismissed Brown Harris Stevens and Association Law Group — both without prejudice — but his defamation case continues against the two Continuum condo associations and their president, all of whom had moved to dismiss the complaint.

Journal Staff Jun 16, 2026

Business

Star Urologist Fires Back at Mount Sinai: Says Hospital Broke the Deal First, Demands Jury Trial

In his answer to Mount Sinai's non-compete suit, Dr. Ricardo Palmerola denies wrongdoing, argues the hospital breached the employment agreement first by withholding his bonus and disaffiliating from Columbia, attacks the 15-mile restriction as unenforceable, and demands a jury trial.

Journal Staff Jun 12, 2026

Business

Sneaker Consignment Shop YankeeKicks Sued for Failing to Pay Seller After Miami Beach Store Closure

A Broward County man is suing YankeeKicks, which operated a flagship store on Collins Avenue, for over $21,000 in unpaid commissions after the sneaker consignment company closed in early 2026.

Journal Staff Jun 03, 2026

Business

Miami Beach Offers Up to $60,000 in Rent Relief to Lure Arts and Culture Businesses to South Beach's Historic Overlay District

Miami Beach's Commercial Lease Subsidy Program provides up to $60,000 over three years to eligible businesses in the Art Deco/MiMo district, aiming to replace nonconforming uses and attract new arts and culture tenants.

Journal Staff May 06, 2026

Business

Mount Sinai Medical Center Sues Star Urologist for Joining University of Miami, Violating Non-Compete

The Miami Beach hospital claims it spent years and millions building Dr. Ricardo Palmerola's urology practice — only to watch him take his patients and referrals to a direct competitor.

Journal Staff May 04, 2026