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close video Miamis red-hot real estate market is an anomaly: Marc Roberts

Miami World Center and E11EVEN co-founder Marc Roberts joined Mornings with Maria to discuss Floridas fast growing real estate market.

The nationwide exodus from Democratic-run states has set Florida's real estate market "on fire," and, according to District 11 pioneer Marc Roberts, it's showing no signs of stopping.

RED-HOT MIAMI HOUSING MARKET EXPECTED TO DEFY 2023 COST CORRECTION AS BLUE STATE EXODUS CONTINUES

"The amazing part about Miami is there is no slowdown. As a matter of fact, it's progressing. The values are going up. Businesses are moving there. We're basically in the second inning of a nine inning game. There's a mass exit of businesses, people coming for jobs, people moving there. It's an exodus that nobody's ever seen before," the E11EVEN co-founder said during an appearance on "Mornings with Maria." Image 1 of 3

MIAMI, FLORIDA – SEPTEMBER 29: According to an analysis from Realtor.com, rents nationwide are rising, with the median rent for all sizes of rentals was $1,607 as of August, an increase of 11.5% from a year ago. | Getty Images

In 2022, Florida saw the biggest rush of new residents migrating from predominantly blue states with steep taxes, with about 319,000 Americans making the move there, according to data from the National Association of Realtors. That amounts to a population increase of nearly 2% – well above the 0.4% national growth rate recorded in the U.S. between July 2021 and July 2022.

Roberts continued, arguing that the historic exodus is largely due to widespread "word of mouth" praise for the Sunshine State.

“Miami is the anomaly of what’s going on in this country,” – Miami World Center and E11EVEN co-founder Marc Roberts

"The exodus is the word of mouth. What's going on in Miami right now, anyone who comes to Miami and lives in Miami for a period of time is just telling all their friends how great it is, what an amazing place to live and what amazing experiences they have with their families, and what a great quality of life it is to live in Miami," he said Thursday.

"The best publicity for anything is word of mouth. So, all you hear about Miami is because of everybody talking how what an amazing experience [it is.]" close video South Florida is the hottest real estate market today: Matija Pecoti?

Professional tennis player and Wexford Real Estate Investors director Matija Pecoti? joined Mornings with Maria to talk tennis and investing.

The nationwide crime wave has prompted some blue-state residents to seek safer cities, and, according to Roberts, the "best thing" about Miami is how safe it is.

"The best thing about Miami is how safe Miami is. You know, the Police Chief Manuel Morales, is doing an incredible job. The mayor is, of course, amazing; he's just such a great proponent of everything going on. Our commission is second to none. It's like a perfect storm. Everything about Miami is just hitting on all cylinders," he told host Maria Bartiromo.

BLUE STATE TAX EXODUS TO FLORIDA CHURNING THE 'PERFECT STORM'

The E11EVEN co-founder addressed another point of concern regarding commercial real estate, deeming Miami as a real estate "anomaly" in comparison to the rest of the United States.

"Well, it's funny. There's been about three or four speculative office buildings built, and they're all filling up. They're building office buildings right now just on spec, triple-A office space, and a lot more office is coming because the other ones are filling up so quickly. So, Miami is the anomaly of what's going on in this country," Roberts argued. close video Commercial real estate pain is here: Patrick Carroll

Carroll Organization founder and CEO Patrick Carroll reacts to investor Charlie Munger warning the commercial real estate market could be the next big problem for the banks on ‘The Claman Countdown.’

The Miami pioneer concluded by issuing a bold prediction on the city's red-hot District 11, which has seen an extraordinary boom in recent years.

"The area is on fire, and it's going to become the epicenter of Miami, which means it's the epicenter for Florida, which makes it the epicenter of, basically, the world," Roberts forecasted. 

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FOX Business' Kristen Altus contributed to this report.

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Jaguar: British luxury vehicle maker has a new advert that doesn’t feature any cars

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Jaguar: British luxury vehicle maker has a new advert that doesn't feature any cars

Jaguar has left people scratching their heads with a new glossy advert which fails to show any cars.

The British luxury vehicle maker has released a commercial featuring a series of models, in brightly-coloured clothing, emerging from a lift into an austere landscape.

They are then seen in various poses as different slogans appear on screen, including “live vivid”, “delete ordinary” and “copy nothing”.

But it has created a series of reactions online from ridicule to confusion, because there is no hint of any cars.

screengrabs from jaguar advert https://www.youtube.com/watch?v=rLtFIrqhfng
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Jaguar’s latest advert has left some people confused

screengrabs from jaguar advert https://www.youtube.com/watch?v=rLtFIrqhfng
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Jaguar says the advert represents a ‘complete reset’ for the brand

Tesla boss Elon Musk tweeted a response to Jaguar’s advert posted on X by asking: “Do you sell cars?”

It prompted the reply: “Yes. We’d love to show you” followed by an invite to a promotional event. But others on X continued to question the advert and what it represented.

“Umm where are the cars in this ad?” one user posted, while a second wrote: “I thought you guys made cars?”

screengrabs from jaguar advert https://www.youtube.com/watch?v=rLtFIrqhfng
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Bold, bright colours feature in the commercial – but not everyone is impressed

There was also confusion from another person who asked: “What are you trying to sell me?”

Jaguar teased that: “All will be revealed… Think of this [advert] as a declaration of intent. We’re shifting gears, not our purpose. Stay tuned.”

In a news release to accompany the advert, the carmaker described it as part of a “completely transformed Jaguar brand” and “a new era” which makes “it relevant for a contemporary audience”.

“This is a complete reset,” said managing director Rawdon Glover. “To bring back such a globally renowned brand we had to be fearless.”

In the lead-up to the campaign, Jaguar announced it was discontinuing five models with “close to zero profitability”.

It has developed three new ultra-luxury electric vehicles, one of which is set to be unveiled at Miami’s Art Basel event next month.

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Vogt awarded top AL manager in first year on job

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Vogt awarded top AL manager in first year on job

The Cleveland GuardiansStephen Vogt was named American League Manager of the Year on Tuesday after winning the AL Central in his first season on the job.

The 40-year-old Vogt, who had never managed before this year, steered Cleveland to a 92-69 record. The Guardians made it to the AL Championship Series before losing to the New York Yankees.

He is the third AL manager to win the award, given out since 1983, in his rookie season managing.

Despite injuries to starters Shane Bieber and Triston McKenzie that left the Guardians short-handed for most of the season, Vogt managed Cleveland’s bullpen brilliantly, with its 2.57 ERA more than half a run better than the next-best team. The Guardians improved by 16 games over the previous season and won Vogt’s first playoff series against Detroit until the Yankees dismissed them in five games.

Over his 10-year playing career, Vogt played for six teams and was twice an All-Star. He took over in Cleveland for the retiring Terry Francona — himself a three-time Manager of the Year — after spending a season as the Seattle Mariners‘ bullpen coach.

Vogt received 27 of 30 first-place votes and finished ahead of two other AL Central managers, Kansas City‘s Matt Quatraro (two first-place votes) and Detroit’s A.J. Hinch (one).

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Mets acquire OF Siri from Rays for reliever Orze

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Mets acquire OF Siri from Rays for reliever Orze

The New York Mets landed veteran outfielder Jose Siri in a trade with the Tampa Bay Rays, the team announced Tuesday. In return, the Mets surrendered reliever Eric Orze.

Siri, 29, was tied for the lead among all center fielders in defensive runs saved last season but he struggled offensively, batting .187 with 18 homers, 14 stolen bases and an adjusted OPS+ of 76.

He’ll be eligible for arbitration for the first time this winter, meaning he’s likely to get a minor bump over his 2024 salary of $757,800.

Siri had a meandering path to the big leagues, bouncing through five organizations before making his debut with the Astros in September 2021. He has been known for playing with a demonstrative flair that can sometimes bug opponents.

Early in this offseason, some industry sources said they expected the Rays to move on from Siri, who had a staggering 170 strikeouts and just 31 walks in 448 plate appearances last season.

Harrison Bader, who was the Mets’ primary center fielder last season, became a free agent again. Tyrone Taylor played well in 44 games at the position, though he just had hernia and elbow surgery, procedures from which the Mets expect him to recover by the start of spring training.

But Siri gives the Mets some coverage at the spot no matter how the rest of the offseason plays out.

A contingent representing the Mets’ organization, including owner Steve Cohen and head of baseball operations David Stearns, traveled to California in recent days to meet with slugger Juan Soto. But that negotiation could continue for another week or more, with Soto and agent Scott Boras taking information and offers from the Yankees, Red Sox, Blue Jays and other teams.

Orze, 27, pitched in two games for the Mets last season, allowing four runs in 1⅔ innings in his first-ever major league outings. He was a fifth-round pick of the Mets in the 2020 draft.

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