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Cover story: Female business leaders forge their paths to success

Fri, 05/10/2019 - 07:10
Get to know the leaders of five of our Women-Owned Businesses listmakers.
Categories: Business

From the Editor-in-Chief: Women-led firms thrive in South Florida

Fri, 05/10/2019 - 07:05
Women-owned businesses surpassed 12.2 million, employed more than 9 million workers, and generated more than $1.7 trillion in revenue last year, according to American Express’ “State of Women-Owned Businesses” report.
Categories: Business

Legal and Public Notices - May 10, 2019

Fri, 05/10/2019 - 06:00
NOTICE OF PUBLIC SALE To satisfy the owner's storage lien, PS Orange Co. Inc. will sell at public lien sale on May 28, 2019, the personal property in the below-listed units, which may include but are not limited to: household and personal items, office and other equipment. The public sale of these items will begin at 09:30 AM and continue until all units are sold. PUBLIC STORAGE # 25820, 8452 Okeechobee Blvd, West Palm Beach, FL 33411, (561) 328-1367 Time: 09:30 AM Unit # Name B009…
Categories: Business

EXCLUSIVE: BankUnited CEO talks employee layoffs, future plans

Thu, 05/09/2019 - 19:14
BankUnited CEO outlines future strategy that includes fewer staff and branches by the end of 2020.
Categories: Business

Why Uber priced its IPO far below the hype

Thu, 05/09/2019 - 18:46
Uber Technologies priced its IPO at $45 a share Thursday, giving the company’s long-awaited and much-hyped initial public offering a fully diluted valuation of $82.2 billion – substantially below the $120 billion many expected just eight months ago, Renaissance Capital reports. That’s quite a turn for the 10-year-old, 700-city industry leader in the ride-hailing market, which has seen its revenue soar from $3.5 billion in 2016 to $9.2 billion last year and has grown trips from 2 billion to…
Categories: Business

Owners of Miami River property list development site for sale

Thu, 05/09/2019 - 15:27
The owners expect $91 million for property zoned for up to 80 stories.
Categories: Business

Former South Florida dairy plant could be redeveloped

Thu, 05/09/2019 - 14:39
Former dairy plant in Miami-Dade could be redeveloped as part of a 400,000-square-foot project.
Categories: Business

Developer wants to build 25-story office building in Palm Beach County

Thu, 05/09/2019 - 14:11
Developer's plans to build office building is one of several new projects in the works in West Palm Beach.
Categories: Business

These are the top-women led businesses in South Florida, according to survey

Thu, 05/09/2019 - 14:04
A new survey from The Commonwealth Institute and Kaufman Rossin reported more than half of the state's women-led businesses reported higher revenues in 2018.
Categories: Business

Public companies pay $15M for residential development site

Thu, 05/09/2019 - 13:34
National homebuilder D.R. Horton and its majority-owned affiliate Forestar Group bought a 25.4-acre development in Palm Beach County.
Categories: Business

South Florida apartment complex to be renovated after acquisition

Thu, 05/09/2019 - 13:20
Bar Invest Group has acquired the Glen at Lauderhill apartments for $59 million and plans to renovate it in order to achieve higher rents. TMIF Glen LLC, an affiliate of Santa Monica, California-based Turner Multifamily Impact Fund, sold the 405 apartments at 2360 N.W. 56th Ave. to Glen Apartments Holdings, an affiliate of Miami-based Bar Invest Group. Miami Lakes-based BankUnited (NYSE: BKU) provided a $39 million loan to the buyer. The price equated to $145,679 per unit. The Glen at Lauderhill…
Categories: Business

Boca Raton-based ADT hires former eBay, Apple executive

Thu, 05/09/2019 - 12:01
Executive takes over the newly created role and will oversee business and product development, innovation, strategy and other security platforms.
Categories: Business

John Vidalin returns to Miami Heat front office

Thu, 05/09/2019 - 11:16
Longtime sports exec John Vidalin has rejoined the Miami Heat after a stint of less than a year as the Baltimore Orioles' chief operating officer for business operations. Vidalin, who had served as the Heat's executive vice president and chief revenue officer until his departure last August, returns to the NBA team as chief commercial officer. He will report to Heat president of business operations Eric Woolworth. The Orioles brought on Vidalin to lead all business departments for the MBL…
Categories: Business

Time Out Market food hall opens in Miami Beach (photos)

Thu, 05/09/2019 - 07:40
The massive 18,000-square-foot food hall will feature 18 local vendors.
Categories: Business

Wawa opens its first Miami locations

Thu, 05/09/2019 - 07:15
Popular food store and gas station Wawa will open its fist Miami locations on Thursday. Wawa has a series of openings scheduled for Thursday beginning with the location at 6971 S.W. 24th Street at 9 a.m. Other openings include locations at 11990 S.W. 137th Avenue at 1 p.m. and at11191 SW 184th Street at 4 p.m. The events will feature free coffee, giveaways, music and a hoagie building contest with local firefighters, police and first responders competing. Proceeds from the events will benefit…
Categories: Business

Investment banker pays $10M for new condo (photos)

Thu, 05/09/2019 - 06:59
The Jade Springs condo sold for over $1,700 per square foot.
Categories: Business

South Florida real estate projects in the pipeline for the week of May 10

Thu, 05/09/2019 - 06:53
This week's real estate news.
Categories: Business

South Florida Seen for the week of May 10 (photos)

Thu, 05/09/2019 - 06:49
Send photos to Associate Editor Eileen Cukier at [email protected] Please include “South Florida Seen” in the subject line. Include names, titles and companies of individuals, along with event details.
Categories: Business

Ultra Music Festival will not return to Miami in 2020

Wed, 05/08/2019 - 18:07
Ultra Music Festival will not return to Miami in 2020. The electronic music festival had a $79 million impact on Miami's local economy. A letter posted on the Ultra's social media accounts said the results of its post-event survey of over 20,000 fans indicated they were unhappy about their experience on Virginia Key. "It is clear that the festival experience on Virginia Key was simply not good enough. Our attendees expect us to deliver on our commitment to excellence. Being committed to excellence…
Categories: Business

Construction loan for Zaha Hadid-designed condo in Miami boosted to $256M

Wed, 05/08/2019 - 17:34
The construction loan for One Thousand Museum, a condo designed by late celebrity architect Zaha Hadid, was boosted to $256 million as the building nears completion. Fortress Credit, acting as administrative agent for a group of lenders, inked the revised mortgage to 1000 Biscayne Tower LLC, led by Regalia Developers, Louis Birdman, Gregg Covin, Gilberto Bomeny and Kevin Venger. The loan was granted for $225 million in 2016. The 62-story tower at 1000 Biscayne Blvd. broke ground in 2014 with a…
Categories: Business