This is what’s up in the Miami real estate world.

• For the first time in years, it’s cheaper to rent in Miami than in Fort Lauderdale [Miami Herald]
• Check out Phil Collins’ stunning Miami Beach house, which just sold to a billionaire for $39.25M [Miami Herald]
• Check out the colorful new Moxy South Beach hotel [Miami Herald]
• Private equity titan has likely the record for the most expensive home sale in South Florida, at over $120 million [Real Deal Miami]
• Fort Lauderdale/Bahamas ferry service resumes operation [SFBJ]
• Inspector General report strongly criticizes City of Miami Beach’s first neighborhood project to address impacts of sea level rise [RE: Miami Beach]
• Coral Gables commissions OKs zoning shift for Crafts Section, not Miracle Mile [Political Cortadito]
• With cruises halted, PortMiami keeps its head above water [Miami Today]
• Coral Gables inaugurates new public safety building [Miami Today]
• Calle Ocho Festival canceled, again [Miami New Times]
• Downtown Miami’s 100-story Waldorf-Astoria Hotel & Residences will launch sales in March [The Next Miami]
• Trader Joe’s has applied for a construction permit to build a store in Midtown Miami [The Next Miami]
• Baccarat Hotel & Residences planned at 444 Brickell with three towers at up to 82 stories [The Next Miami]