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Updated: 2 min 58 sec ago

Report: Payless ShoeSource to file bankruptcy and close all locations

Fri, 02/15/2019 - 17:16
The shoe retailer would close over 60 locations in South Florida.
Categories: Business

Boca Raton lawyer gets prison time for pump-and-dump securities fraud

Fri, 02/15/2019 - 16:05
James M. Schneider was sentenced to seven years in prison Thursday for his involvement in a 15-year shell factory scheme and pump-and-dump stock swindle. Schneider, a Boca Raton securities lawyer, was convicted of 33 counts of conspiracy, securities fraud, wire fraud, money laundering and conspiracy to commit money laundering in connection with the scheme. U.S. District Judge Federico A. Moreno ordered Schneider to pay $19.7 million in restitution to more than 2,000 defrauded investors as well…
Categories: Business

Portfolio of 212 homes in South Florida sold for $48M

Fri, 02/15/2019 - 15:29
A portfolio of 212 single-family rental homes in Broward and Palm Beach counties sold for $48.44 million, or $228,490 per home. RESI REO Sub LLC, an affiliate of Duluth, Georgia-based HavenBrook Homes, sold 149 single-family homes in Broward for $32.86 million to BAR 2 LLC, an affiliate of Austin, Texas-based Amherst Holdings. The same parties exchange 63 single-family homes in Palm Beach for $15.58 million. After the recession last decade, investment groups snapped up single-family homes out of…
Categories: Business

Investcorp takes loss on $10M sale of apartments in Boca Raton

Fri, 02/15/2019 - 14:53
The New York company has sold two of the three apartment complexes it bought in Boca Raton in 2015.
Categories: Business

Workforce housing complex breaks ground near Palmetto Bay

Fri, 02/15/2019 - 14:37
The project is located near a hospital and a high school.
Categories: Business

Baptist Health battered by stock market in quarterly loss

Fri, 02/15/2019 - 13:42
The hospital recently opened a hotel near its main campus.
Categories: Business

Former No. 1 draft pick, Dolphins star sells Broward home

Fri, 02/15/2019 - 13:40
Three years after his one-year stint with the Miami Dolphins, defensive end Mario Williams, a former No. 1 overall draft pick, sold his Davie home for $1.63 million The four-time Pro Bowler sold the 6,836-square-foot house at 3004 Lake Point Place to Rosalba Contreras and Carlos Cerda, according to public records. Located in the Long Lakes Estates neighborhood, the home was built on the 33,999-square-foot site along a lake in 2000. Williams bought the house for $1.7 million in 2016 so he took…
Categories: Business

Dolphins announce multiple executive hires

Fri, 02/15/2019 - 13:34
The Miami Dolphins' partnerships, marketing and ticketing departments all have new leadership. Steve Mullins was named vice president of corporate partnerships for the Dolphins where he will report directly to Vice Chair, President and CEO Tom Garfinkel, the team announced Friday. Mullins previously served as vice president of sales for iHeartMedia, vice president of corporate partnerships for the NBA's Minnesota Timberwolves and vice president of corporate partnerships for the MLB's Arizona…
Categories: Business

Multifamily building proposed in Broward golf course community

Fri, 02/15/2019 - 12:50
This is the developer's second proposed project in this neighborhood.
Categories: Business

Kayak CEO buys new Miami Beach penthouse for $21M

Fri, 02/15/2019 - 06:56
Kayak co-founder and CEO Daniel Stephen Hafner bought a penthouse in the new L’Atelier Condo in Miami Beach for $21 million. SMGW Golden Sands LLC, a joint venture between developers Roy E. Disney of Shamrock Holdings, SMG Management and W Capital Group, sold the 7,945-square-foot PH-01 at 6901 Collins Ave. to Hafner. The price equates to $2,643 per square foot. The penthouse has six bedrooms, 6.5 bathrooms and another 8,521 square feet of exterior space. It has 22-foot-high ceilings in the living…
Categories: Business

Inside the List: Staffing agencies see high demand for temporary employees

Fri, 02/15/2019 - 06:38
Companies in most industries are seeking short-term workers more frequently, according to our listmakers.
Categories: Business

From the Editor-in-Chief: Boutique fitness a financial boon

Fri, 02/15/2019 - 06:16
Studios can focus on Pilates, yoga, indoor cycling, boxing, bootcamp, ballet and more.
Categories: Business

Cover Story: First-time business owners fuel South Florida's fitness boom

Fri, 02/15/2019 - 06:14
Rapid growth in boutique studios fueled by franchising, innovation
Categories: Business

Legal and Public Notices - February 15, 2019

Fri, 02/15/2019 - 06:00
IN THE CIRCUIT COURT OF THE SEVENTEENTH JUDICIAL CIRCUIT, IN AND FOR PALM BEACH COUNTY, FLORIDA Case No.: 19 001103 Division: ____________ _ LINDSEY HANLON Petitioner and SIGFREDO VELAZQUEZ Respondent. NOTICE OF ACTION FOR {Specify action} Paternity TO: Sigfredo Velazquez {Respondent's last known address} Unknown YOU ARE NOTIFIED that an action for {identify the type of case} Paternity has been filed against you and that you are required to serve a copy of your written defenses, if any,…
Categories: Business

Hewlett Packard CEO buys Stone Creek Ranch mansion for $8M

Thu, 02/14/2019 - 14:49
Hewlett Packard President and CEO Antonio Neri paid $7.5 million for a mansion in the Stone Creek Ranch neighborhood west of Delray Beach. Leslie D. Melamed and attorney Beth E. Melamed sold the 12,474-square-foot home at 16141 Quiet Vista Circle to Neri, of San Jose, California. Wells Fargo Bank provided a $5 million mortgage to the buyer. The price equated to $601 per square foot. The home was built on the 2.5-acre site in 2017. The Melameds bought the vacant lot for $1.05 million in 2015 and…
Categories: Business

Homebuilder secures $10M construction loan for West Palm Beach project

Thu, 02/14/2019 - 14:38
Home prices start in the $500,000s.
Categories: Business

LA Fitness-anchored retail center in Wellington sells for $43M

Thu, 02/14/2019 - 14:34
The property also has many restaurants.
Categories: Business

Florida among top US states with auto loan debt

Thu, 02/14/2019 - 14:29
Florida was among the top states in the country with car loan debt during the fourth quarter, according to the New York Federal Reserve's latest Quarterly Report on Household Debt and Credit. More than 7 million Americans were at least 90 days delinquent on their car loans in the fourth quarter of 2018, when Americans had almost $1.3 trillion of outstanding auto debt. That's more than a million more past-due loans than during the previous peak at the end of 2010, the Fed reported, indicating that…
Categories: Business

Builder seeks to redevelop golf course into recreation center, homes

Thu, 02/14/2019 - 14:26
The project would include soccer fields, basketball and tennis courts, and pools.
Categories: Business

Broward educational building sells for $19M

Thu, 02/14/2019 - 13:08
The buyer obtained a construction loan.
Categories: Business