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Updated: 38 min 23 sec ago

A first look at Virgin Voyages' private beach

Thu, 07/18/2019 - 14:34
Virgin Voyages revealed renderings of the Beach Club at Bimini, a private beach destination for its passengers set to open in April 2020. Resorts World Bimini will build Beach Club Bimini on property it owns at the west side of North Bimini Island near Bailey Town. Miami-based architecture firm EOA Inc. is the architect. A spokesperson from Plantation-based Virgin Voyages declined to say how much the project is expected to cost or how large it is. All food at Beach Club at Bimini will be complementary…
Categories: Business

Coastal Community Bank files new application for approval

Thu, 07/18/2019 - 14:06
The bank filed a new FDIC application this month after failing to raise its initial capital target.
Categories: Business

Area businesses feel effects of water main break in Fort Lauderdale

Thu, 07/18/2019 - 13:59
Hotel and food businesses in the area are being hit especially hard by the lack of water.
Categories: Business

13th Floor has Broward property under contract for residential project

Thu, 07/18/2019 - 13:14
The site was previously approved for a commercial development.
Categories: Business

This South Florida AT&T store will be first in Florida to sell Magic Leap One

Thu, 07/18/2019 - 13:06
The AT&T store at Brickell City Centre is first in Florida to carry the Magic Leap One Creator Edition, Magic Leap's first product to go to market since the Plantation-based spatial computing company launched in 2011. The store at 701 S. Miami Ave. in downtown Miami's financial district is one of just 10 stores in the U.S. to stock the device as part of an exclusive agreement between Magic Leap and the telecommunications giant (NYSE: T). Five additional stores in the U.S., including locations…
Categories: Business

Current, former Port Everglades employees face fraud charges

Thu, 07/18/2019 - 13:03
The port said it is working with local and federal authorities on the case.
Categories: Business

South Florida firm to buy helicopter business with 865 employees

Thu, 07/18/2019 - 12:19
The helicopter company recently posted $281 million in revenue.
Categories: Business

Watsco to acquire $206M HVAC firm in Philadelphia

Thu, 07/18/2019 - 08:03
Watsco, one of South Florida's largest public companies, announced an agreement Thursday to acquire Philadelphia-based Peirce-Phelps Inc. The Miami-based air conditioning, heating and refrigeration parts and supplies distributor (NYSE: WSO) said the deal is expected to close in the next 30 days. Pierce-Phelps would then operate as part of Carrier Enterprise, a joint venture between Watsco and United Technologies (NYSE: UTX) subsidiary Carrier Corp. Watsco owns 80% of Carrier Enterprise and Palm…
Categories: Business

Richard Branson's train venture eyes Pacific Northwest rail for 'potential expansion'

Thu, 07/18/2019 - 07:27
Flight records show Branson's corporate jet landed at Sea-Tac Airport after a flight from San Francisco, stayed 99 minutes, then flew to Miami, where most of Virgin Trains USA operations are located.
Categories: Business

South Florida-based national chain buys up Arizona RV dealership

Thu, 07/18/2019 - 07:23
Fort Lauderdale-based RV Retailer has been buying a number of dealers around the country, including one in South Carolina the same day as Tom’s Camperland.
Categories: Business

Electric sports car with 536 horsepower makes South Florida debut (Photos)

Thu, 07/18/2019 - 07:16
The 2020 Karma Revero GT made its South Florida debut during an exclusive unveiling at Prestige Imports Karma Miami in North Miami Beach. Local luxury car enthusiasts were among the first invited to drive and pre-order the new model before it's sold in dealer showrooms starting in the fourth quarter. The price has not yet been revealed, but it's expected to start at about $130,000. The Karma Revero GT is powered by dual electric motors that produce 536 horsepower. Its battery lasts up to 360 miles…
Categories: Business

In the Pipeline: Melo Group proposes downtown apartments; Lennar Corp. lays plans for Cocomar

Thu, 07/18/2019 - 06:18
This week's real estate news.
Categories: Business

Ventures Roundup: South Florida VC investments rebound in Q2; CIC Miami's impact by the numbers

Thu, 07/18/2019 - 06:02
This week's technology and ventures news.
Categories: Business

Proposed density increase draws opposition from Miami Heat co-owner

Wed, 07/17/2019 - 16:15
The proposal could add about 1,000 residential units of density to the beachfront city.
Categories: Business

County denies Coral Gables’ annexation push to protect trailer park

Wed, 07/17/2019 - 14:43
The city was hoping to redevelop the trailer park with higher density.
Categories: Business

$200M Opportunity Zone investment fund launches in Miami

Wed, 07/17/2019 - 14:35
A team of executives this week launched the Miami-based Opportunity Zone Fund of America.
Categories: Business

Developers propose ice rink, dance studio in Palm Beach County

Wed, 07/17/2019 - 14:28
The vacant property is near a highway exit.
Categories: Business

South Florida company granted patent for child-resistant cannabis packaging

Wed, 07/17/2019 - 14:25
The company is one of a handful of cannabis-related companies to go public in the U.S.
Categories: Business

Shake Shack to open new location in South Florida mall

Wed, 07/17/2019 - 14:25
The new location will be the eighth in South Florida for the popular fast-casual burger chain.
Categories: Business

Report: Bed tax revenue spikes more than $10 million from Airbnb

Wed, 07/17/2019 - 14:10
The bed tax helps the region promote its tourism assets to attract more visitors.
Categories: Business