Mega mansion frenzy: Buyer snaps up Pat Riley’s $16M home to level it, rebuild

Miami Heat President Pat Riley sold his spectacular bayfront mansion in gated Gables Estates for $16.8 million last March.

The 12,856-square-foot Mediterranean-style dream house at 180 Arvida Parkway has a theater, wine cellar, library, and a sprawling pool with waterfalls and an aqua bar.

But that’s all coming down.

Turns out the lure was the lot: a rare fingertip of prime land, nearly two acres, jutting into the turquoise waters of Biscayne Bay.

In December, the buyer — listed as 180 Arvida LLC represented by Miami attorney Mark Hasner — presented the city of Coral Gables with plans to tear down the home, built in 1991, and erect an even grander estate along the 900 linear feet of bayfront.

“Most people would move in and be perfectly happy, but clients are looking for perfection — really good stuff,” said Jorge Uribe, a senior vice president at One Sotheby’s International Realty, who wasn’t involved but sold an even bigger trophy property last year: a $39.4 million estate at 14 Indian Creek Dr., on Indian Creek Island in Miami Beach, dubbed “Miami’s Billionaire Bunker” by Forbes magazine.

“The trend in the last several years is a demand for very high-quality product. People are looking for really good locations, really good materials, and they’re willing to pay for it,” Uribe said.

Miami’s ultra-luxury market is on fire. Prices for the fanciest single-family homes and condominiums have soared to levels never before seen in the area, fueled by strong foreign demand and renewed interest from New Yorkers and others in the Northeast.

With Miami’s global image burnished by Art Basel Miami Beach and the debut of other cultural and entertainment venues, the city is emerging as an even greater magnet for the world’s super-rich.

In January, a penthouse at the Setai Resort & Residences on Miami Beach fetched $27 million, a new high for a Miami-Dade condominium. “Every building we do business in is at its highest price of all time,” said Mark Zilbert, president of Zilbert International Realty, which represented the buyer in the Setai deal.

Last August, a sleek, new home, built on spec at 3 Indian Creek Dr., sold for $47 million, a record high for a Miami-Dade residence. The buyer, whose identity has not been revealed, is Russian.

“People are realizing how valuable the bay waterfront is,” said Oren Alexander, co-founder of the Alexander Group at Douglas Elliman Real Estate, who co-listed the 3 Indian Creek property with The Jills team at Coldwell Banker and represented the buyer for the home. His father, Shlomy Alexander, developed the property with partner Felix Cohen.

Shlomy Alexander is working on two more extravagant spec homes — one at 30 Indian Creek Dr. and a second that is set to break ground shortly at 252 Bal Bay Dr. in Bal Harbour, his son said. Plans envision a tropical modern-style project that fuses the indoors and outdoors — a concept popular in Brazil.

The elder Alexander recently traveled to Italy to shop for exclusive stone for the projects, said the son.

“It’s really trending to the ultra-luxury. All sorts of exotic materials — exotic woods, exotic marbles, exotic stones,” said Sean Murphy, an executive vice president at Coastal Construction, a major builder of luxury hotels and condominiums that also has erected some of the most extravagant mansions in the region. “Everything is so exotic.”

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Unscreened by state, firms cash in on Florida kids

First of two parts

When Yolanda Axson wasn’t watching, a pot of hot water spilled into a crib at her daycare in Orlando, scalding a 4-month-old boy.

She served probation for felony child neglect and then, barred from child care, found a less-regulated line of work. She started a company to earn tax dollars tutoring poor kids in Florida’s failing schools.

When state officials saw Axson’s name on an application for the government tutoring program, they didn’t hesitate. They stamped their approval, and her business, Busy BEE Services, went to work tutoring Florida’s neediest children.

The cost to taxpayers per student? At least $60 an hour.

Axson’s case points to a larger problem with mandated tutoring in Florida: The program pays public money to people with criminal records, and to cheaters and profiteers who operate virtually unchecked by state regulators.

In a three-month investigation, The Tampa Bay Times examined invoice records from 59 school districts, conducted dozens of interviews and reviewed thousands of pages of complaint reports, audits and other documents, and found:

•  Florida school districts spent at least $7 million last year on tutoring companies run by people with criminal records. Among those who have headed state-approved tutoring firms are a rapist, thieves and drug users.

•  In more than 40 cases across the state, tutoring companies have faked student sign-up sheets or billed for tutoring that never happened. Companies that overcharged for tutoring earned more than $10 million last year alone.

•  The program is riddled with conflicts of interest. In one county last year, more than 100 teachers moonlighted as tutors of their own students, flouting state ethics rules by positioning themselves to steer kids toward their secondary employers.

•  Dozens of tutoring firms have broken federal rules by luring impoverished kids to sign up with promises of bicycles, gift cards and computers. Others have sent school administrators on golf outings or sponsored retreats for district officials who administer tutoring contracts.

Despite uncovering millions of dollars in potential fraud and documenting flagrant violations, school districts almost never forward cases to law enforcement.

Florida’s Department of Education doesn’t screen backgrounds of the people who profit from subsidized tutoring, and it seldom cracks down on companies accused of improper billing, illegal marketing and low-quality tutoring.

After nearly a decade, Florida last year won a waiver from the federal law that requires private tutoring. The state was set to shut down the program when lobbyists for the tutoring industry stepped in. They convinced state lawmakers to keep the money flowing.

Florida has spent $192 million on private-tutoring firms in the past two years. The companies are paid at a dramatically higher rate than conventional public schools. In the 2009-10 school year, the most recent period for which numbers are available, the state spent $9,981 per student — about $11 an hour. Florida spent $58 an hour, more than five times as much, on tutoring.

Tutoring companies, many of which meet high standards and offer quality instruction, say they provide a needed service. But researchers disagree over whether government-funded tutoring is worth the money. Studies are inconclusive or contradictory.

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Chris Brown Car Collision

ET has learned that Chris Brown was involved in a solo, non-injury traffic collision in Beverly Hills at noon today, blaming the paparazzi for losing control of his Porsche and colliding with a wall.

Pics: Remembering Whitney Houston

A statement from Lieutenant Lincoln Hoshino of the Beverly Hills police details the incident: "On February 9, 2013 at approximately 12:03 p.m., entertainer Chris Brown was involved in a solo, non-injury traffic collision in the 600 Block Bedford Drive/Camden Drive alley. Mr. Brown was the driver of the vehicle and collided with a wall. Brown stated that he was being chased by paparazzi causing him to lose control of his vehicle. Brown's Black Porsche was towed from the scene at his request."

Related: Rihanna Accompanies Chris Brown to Court

Earlier this week, Brown visited an L.A. courthouse with girlfriend Rihanna on to oppose a motion to revoke his probation stemming from his 2009 assault on Rihanna. Prosecutors claim Brown did not show sufficient evidence that he completed his required community labor sentence. 

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Left’s misfire

The left’s incessant blaming of weapons and those who manufacture them for gun violence absolves those who pull the triggers and actually commit the crimes (“Moral Grandstanding,” George Will, PostOpinion, Feb. 4).

Because a large amount of gun violence is traced to gangs, that would seem a good place to start solving the problem.

President Obama’s executive orders did not address this issue. Rahm Emanuel as mayor of Chicago has also done nothing in this regard, and the murders there, especially among young minorities, continue like clockwork.

Yet liberal politicians continue to foment fear about legally licensed gun owners who live outside of urban areas.

Herb Eichen, Bayside

UMEZ’s mission

The Post’s editorial represents a new and reckless low in its campaign to discredit UMEZ (“NY’s Profitable ‘Nonprofits,’” Feb. 3).

It contains numerous inaccuracies and falsehoods, and most outrageously, hurls the baseless accusation of “graft” at an effective local-development corporation.

UMEZ has prudently invested over $230 million of public funds into the upper Manhattan economy, leveraged over $1 billion of private investment and created more than 8,000 jobs and one of the most successful urban revitalization initiatives.

Vital investments in Harlem USA, East River Plaza, Gotham Plaza, Best Yet Market, The Apollo, Studio Museum of Harlem, El Museo del Barrio, Museum of the City of New York and numerous small businesses, have helped transform Upper Manhattan.

Gov. Cuomo has modeled his regional approach to economic development based upon UMEZ’s success.

Sadly, The Post ignored these facts, and attempted to make a ridiculous categorical link between UMEZ and two former politicians outside of Manhattan.

Kenneth Knuckles, President and CEO, Upper Manhattan Empowerment Zone, Manhattan

Upstate waits...

Bob McManus scores a solid point about Gov. Cuomo’s poll-driven policies (“Cuomo’s Nixon Game,” PostOpinion, Feb. 8).

Cuomo does, in fact, have an upstate economic-development policy. So what if the policy is to bless the totally wretched and very sad-in-human-terms casino industry?

The governor has an environmental policy. So what if the “policy” is to study to death a job- and wealth-producing industry — natural-gas fracking — for our upstate economy?

I am convinced we can develop sound policies for leveraging our natural resources without wreaking environmental havoc and do so faster than the Egyptians built the pyramids.

John McMahon, Manhattan

Hungry for jobs

What’s so disgusting about this show is how it uses people to create entertainment, showcasing just how desperate they are to find work (“America’s Hunger Games,” Maureen Callahan, PostScript, Feb. 3).

The sadder reality is that the unemployment situation is very fixable.

Obama and most who have studied economics know this.

Our free-market economy is nothing more than people and companies making and selling products, and buyers purchasing what they want.

It’s only when government gets in the way that things go bad and the economy slows down.

D. Richardson, Bridgeport, Conn.

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Sign up for Feb. 21 Miami Herald Small Business Forum

Prepare your best pitch for the Miami Herald’s Small Business Forum, Feb. 21 at the south campus of our sponsor, Florida International University.

In addition to how-to panels and inspirational stories from successful entrepreneurs, our annual small business forum will include interactive opportunities with experts to learn about financing options and polish your personal and business brands.

During our finance panel, audience volunteers will be invited to explain their financing needs to the group. During our box-lunch session, they will be invited to pitch their business or personal brand to our coaches.

Those who prefer just to listen will be treated to a keynote address by Alberto Perlman, co-founder of the global fitness craze Zumba. Panels include success stories from the local entrepreneurs who founded Sedano’s, Jennifer’s Homemade and ReStockIt.com; finance tips from experts in small business loans, venture capital, angel investments and traditional bank loans; and insiders in the burgeoning South Florida tech start-up scene.

Plus, it’s a real bargain. $25 includes the half-day seminar, continental breakfast and a box lunch.

Register here.

Program

8 a.m.

Registration and continental breakfast, provided by Bill Hansen Catering

8:30 a.m. Welcome

Host: David Suarez, president and CEO, Interactive Training Solutions, LLC

•  Jerry Haar, PhD, associate dean & director, FIU Eugenio Pino and Family Global

Entrepreneurship Center

•  Alice Horn, executive director, Network for Teaching Entrepreneurship (NFTE South Florida)

•  Jane Wooldridge, Business editor, The Miami Herald

Miami Herald Business Plan Challenge Overview:

•  Nancy Dahlberg, Business Plan Challenge coordinator, The Miami Herald

8:45 a.m. Session I – Success Stories

Moderator: Jerry Haar, PhD, associate dean & director, FIU Eugenio Pino and Family Global

Entrepreneurship Center

Speakers:

•  Jennifer Behar, founder, Jennifer’s Homemade

•  Matt Kuttler, co-president of ReStockIt.com

•  Javier Herrán, chief marketing officer, Sedano’s Supermarkets

10 a.m. Session II – All about Tech

Moderator: Jane Wooldridge, Business editor, The Miami Herald

Speakers

•  Susan Amat, founder, Launch Pad Tech

•  Nancy Borkowski, executive director, Health Management Programs, Chapman Graduate School of

Business, Florida International University

•  Mark Slaughter, CEO, Cohealo.com

•  Chris Fleck, vice president of mobility solutions at Citrix and a director of the South Florida Tech Alliance

11:15 a.m. Keynote

Speaker: Alberto Perlman, CEO and co-founder of Zumba® Fitness

Introduction: Jane Wooldridge, business editor, The Miami Herald

11:45 a.m. Session III – Show me the money: Financing your small business

An interactive session featuring audience volunteers who will be invited to make a short investment pitch before a panel, including experts in microlending, SBA loans, traditional bank loans, venture capital and angel investing. Audience volunteers should come prepared with a two-minute presentation that includes details about current backing, how much money they are seeking and a brief synosis of ow that money would be used.

Moderator: Melissa Krinzman, founder and managing director, Venture Architects

Panelists:

•  Marjorie Weber, chairman, SCORE of Miami-Dade

•  Cornell Crews, Jr., program director, Partners for Self Employment

•  Darius G. Nevin, co-founder, G3 Capital Partners, a mid-market and early-stage investment company

•  Boris Hirmas Said, chairman of the board, Tres Mares S.A. (Santiago, Chile) and entrepreneur in

residence at the Eugenio Pino and Family Global Entrepreneurship Center

1 p.m. Lunch session - Polish your Pitch, Brighten Your Personal Brand

An interactive session featuring audience volunteers who will be invited to make short pitches about their businesses and themselves. Audience volunteers should come prepared with a two-minute presentation.

Coaches: Melissa Krinzman of Venture Architects and Michelle Villalobos of Mivista Consulting

advise audience volunteers on how to best pitch themselves and their products.

Box lunch provided by Bill Hansen Catering

All speakers confirmed unless otherwise noted. Agenda is subject to change without notice .

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Red light camera opponents find questionable champion in Rep. Campbell

Opponents of red-light cameras could have found a better advocate for their cause than state Rep. Daphne Campbell, D-Miami, who is sponsoring a bill to outlaw the practice.

A Honda minivan registered to her husband, Hubert, has five red-light camera violations, according to records obtained by the Herald/Times from American Traffic Solutions, or ATS, a Scottsdale, Ariz. vendor that provides the cameras for most cities and counties in Florida.

Two of the tickets, a May 10, 2010, violation in North Miami and a July 16, 2010, violation in Hallandale Beach, remain uncollected.

A ticket costs $158. If unpaid, a traffic citation is issued and may result in the termination of the vehicle registration and suspension of the owner’s driver’s license.

ATS provided a photo of the Honda Odyssey minivan at one of the violations. It has a Campbell campaign sticker on it. Two videos show the minivan making reckless turns on red, one left and the other right.

When reached Friday night, Campbell explained she was filing the bill for her constituents.

“My constituents complained and the people are hurting,” Campbell said. “I promised them when I went to Tallahassee that I would repeal the red-light cameras.”

Asked about the five tickets, Campbell said she didn’t know about them. Or at least four of them. She said she did know about a ticket she received in the mail for an Oct. 22 Miami Gardens violation.

But she said she had no clue about the others.

“Something is definitely wrong,” Campbell said. “You are the one who just told me about it. This is news to me.”

Despite the video footage of the minivan blowing through the red lights, Campbell wasn’t buying it.

“It’s a lie,” she said. “That camera is a made up story. You can do anything with the computer now.”

ATS spokesman Charles Territo said it was unlikely Campbell wouldn’t have gotten notice of the tickets, and he vouched for the accuracy of his company’s records and the photographic evidence.

“I don’t know how she wouldn’t know, unless her husband didn’t tell her,” Territo said. “Someone there knows about them because three have been paid.”

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Inside the 55th Annual Grammy Awards Gift Lounge with LL Cool J

Sunday's Grammy Awards will feature LL Cool J's second turn as host for the big show, but even this seasoned professional gets a few butterflies now and again.

ET caught up with the NCIS: Los Angeles star in a free moment as he perused the Grammy Gift Lounge, presented by MTG, featuring signature headwear by New Era, Gibson guitars, Solstice sunglasses, M London handbags (courtesy of KeepAmerica.com) and Simone I. Smith Jewelry . Although LL exuded a calm, cool demeanor, inside he's a bit nervous about stepping onto the stage come Sunday.

Pics: The Best Grammy Gowns of All Time!

"Of course [I get nervous]," LL revealed, adding that fear isn't always a bad thing. "It feels good to know that it's a challenge that you accept and you can embrace."

So what's his strategy to combat his nerves?

Related: Stars Share Their Biggest Musical Influences

"You can't rehearse nerves," said LL, accepting an onset of the jitters this weekend. "You just gotta get out there and do what you gotta do."

Watch the video for more from LL, plus a sneak peek at the goodies in this year's gifting lounge! The 55th Annual Grammy Awards air Sunday at 8 p.m. on CBS.

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The Dow at 14,000: not as good as gold

What an illuminating week for Wall Street — the Dow Jones Industrial Average has been bobbling just above and below the record high 14,000 mark, even as the country comes to grip with the reports that its economy has actually been slumping, with GDP shrinking 0.1 percent in the last quarter of 2012.

The Obama administration is trying to put a bright face on things — but the rest of us feel like we’re smoking more now and enjoying it less.

Well, guess what: While the Dow Jones Industrials have been edging past 14,000, the actual value of those stocks has been going down.

Bernanke: Has kept the Dow floating high by sinking the dollar’s value.

By this, I mean that if you take one share of each of the stocks in the Dow index, their combined value as measured in gold is lower than it used to be. The price in paper money may be going up, but the real value is slumping.

At about 14,000, the Dow Jones Industrial Average stands at nearly twice the 7,949 at which it stood on the day in January 2009 when President Obama first took the oath of office. But value of the stocks in the index has drifted downward; a portfolio of one share of each stock is worth only 8.3 ounces of gold, down from 9.3 ounces on Jan. 20, 2009.

There are those who will say that this is a trick, that no one measures things in ounces of gold anymore. Not since 1971, when President Richard Nixon finished taking America off the gold standard — which then still defined the dollar by law as a 35th of an ounce of gold.

Nixon’s move put us on a system of fiat money, in which the dollar isn’t backed by specie but nonetheless must be accepted in payment of debts.

Throughout history, though, people all over the world thought of gold and silver as the real money — and thinking of it that way can still be illuminating.

In his weekly radio address two years ago, the president spoke on soaring gasoline prices, saying there is “no silver bullet” to solve the problem.

It was a funny choice of words. It turns out that the value of gasoline — measured in ounces of silver (or gold) — hadn’t been going up at all. It had been going down.

In other words, it wasn’t the price of gasoline that was going up. It was the value of the United States dollar that was going down.

This is the part of the policy partnership of Barack Obama and Federal Reserve chief Ben Bernankethat no one likes to talk about. What it means is that there’s little joy on the street — Wall Street or (especially) Main Street — even in a week when the Dow Jones Industrial Average touches a historic high of 14,000.

Track the Dow in terms of gold, and you see what a collapse it’s been: The index was valued at 41.3 ounces of gold as recently as 2000.

Rep. Ron Paul is practically alone in Congress in paying attention to this warning. He confronted Bernanke with the question at a congressional hearing two years ago. The Fed chairman dodged by suggesting that consumers didn’t want to buy gold.

That was a funny argument to make at a time of soaring gold prices. And it’s a hard sell at a time when the Dow Jones average is at a historical high, yet the value of the stocks in it is slumping in terms of gold. Call it “the fiat Dow.”

It’s not just gadflies who are sounding these warnings. John Taylor, one of America’s savviest economists, argued in The Wall Street Journal this week that the Federal Reserve’s “quantitative easing” policy has not only failed to solve the economic problems in the country but has actually made things worse.

If you want to draw your own conclusions as to whether he’s right, track the value of your IRA or pension fund in terms of ounces of gold.

Lipsky@nysun.com

Have a comment on this PostOpinion column? Send it in to LETTERS@NYPOST.COM!

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Miami startup that turns text to video receives $1 million in seed funding

Guide, a new technology startup based in Miami, announced Tuesday it has closed a $1 million round of seed funding from investors including the John S. and James L. Knight Foundation, Sapient Corp., MTV founder Bob Pitman, actor and producer Omar Epps, and early Google employee Steve Schimmel. The Knight Foundation is supporting Guide through its new early-stage venture fund, the Knight Enterprise Fund.

Led by CEO and founder Freddie Laker and COO Leslie Bradshaw, Guide’s team of seven is focused on turning online news, social streams and blogs into video for users who may be cooking, exercising, commuting or getting ready in the morning. The free application offers consumers a selection of about 20 “anchors” — including a dog, a robot and an anime character — that will read the article and present the accompanying photos, pull-out information and video clips in its video presentation. Revenue drivers for Guide could include in-app purchases, advertising-based anchors and customizations from publishers, said Laker, a former vice president at SapientNitro.

Laker and his team plan to launch a public beta next month, which they plan to do with a splash at the huge technology conference South by Southwest (SXSW) in Austin, Texas.

Read more about Guide here on the Starting Gate blog. Follow Nancy Dahlberg on Twitter @ndahlberg

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Stranded python hunters rescued from Broward Everglades

Two python hunters were rescued Thursday afternoon by Broward Sheriff Fire Rescue after they became stranded and disoriented in the Everglades.

According to Broward Sheriff Fire Rescue spokesman Mike Jachles, a call came in shortly before 4 p.m. that the hunters, 22 and 25 years old and from Tennessee, were stranded 15 miles west of U.S. 27 near the Broward-Palm Beach County line.

“It doesn’t seem like they were familiar with the area,” Jachles said. “They underestimated the conditions. We had temperature in the 80s. “

The men, suffering from exhaustion and dehydration, complained of lightheadedness and weakness when air rescue located them. They were taken two miles from where they were found and treated by firefighters and paramedics.

“Fortunately our helicopter and rescue crews got to them before it would have gotten much worse,” Jachles said.

The victims, thought to be staying in their car, refused to be taken to a hospital for further treatment.

Jachles could not confirm that they were taking part in the ongoing “Python Challenge,” which began last month and offers cash prizes to hunters who kill the most, and longest, Burmese pythons, which have infested the Everglades in recent years.

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