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Updated: 1 min 44 sec ago

Hedge fund CEO buys oceanfront mansion for $16 million

Tue, 05/07/2019 - 07:11
Hedge fund CEO buys an oceanfront mansion in Palm Beach.
Categories: Business

Investment company buys property near the ones it just sold

Tue, 05/07/2019 - 07:08
Jasmin Investments, managed by Jacqueline Tako and Reuven Tako, buys property near one it just sold.
Categories: Business

Lincoln Road retail building sold for $21 million

Tue, 05/07/2019 - 07:02
The buyer already owns a property in Lincoln Road.
Categories: Business

South Florida brokerage team joins Compass Florida

Mon, 05/06/2019 - 14:54
Two brokerage teams left another group to join Compass.
Categories: Business

Brazilian firm to acquire South Florida community bank

Mon, 05/06/2019 - 14:48
The deal is valued at $500 million.
Categories: Business

Kaluz Restaurant seeks second South Florida location

Mon, 05/06/2019 - 14:48
The new restaurant would have over 250 seats in a proposed Broward location.
Categories: Business

BBX sells RoboVault storage facility after colorful history

Mon, 05/06/2019 - 14:15
Six years after acquiring the RoboVault self-storage property, BBX Capital Corp. has sold the building.
Categories: Business

Study: Miami among the best cities for starting a business

Mon, 05/06/2019 - 13:58
Three Florida cities are among the top 5 in the nation for starting a new business, according to WalletHub.
Categories: Business

South Florida manufacturer seeks $1.1M incentive for expansion

Mon, 05/06/2019 - 13:34
Manufacturer with two facilities in South Florida seeks $1.1M incentive for expansion in Fort Lauderdale.
Categories: Business

Mayor's son seeks to buy county land for $224 million project

Mon, 05/06/2019 - 12:49
The project would create 236 jobs.
Categories: Business

Blanca, Motwani, Olin selected to national list of CRE executives

Mon, 05/06/2019 - 07:27
Tere Blanca of Blanca Commercial Real Estate, Dev Motwani of Merrimac Ventures and Peggy Olin of OneWorld Properties have been selected to a national list of notable commercial real estate executives. The Business Journals’ Influencers: Commercial Real Estate spotlights 100 executives making moves in the CRE space in cities across the country. The 100 individuals represent both large, nationally known firms and smaller, locally focused businesses. Some of their names, and their companies’ names,…
Categories: Business

Small business owners optimistic despite changing economy

Mon, 05/06/2019 - 00:00
Running a small business is no easy feat: it takes a lot of hard work, dedication and grit, plus a bit of good luck. But no matter how hard business owners work to realize their dreams, there will always be forces outside of their control that can have a major impact on their success. And there's no greater force than that of the economy: a downturn, correction or recession can have ripple effects from Wall Street to Main Street. Fears over economic growth and slower earnings in key industries led…
Categories: Business

Fox Sports Florida among networks acquired by Sinclair Broadcast Group

Fri, 05/03/2019 - 18:30
Sinclair Broadcast Group on Friday announced it entered a definitive agreement to acquire 21 regional sports networks from The Walt Disney Company (NYSE: DIS), including Fort Lauderdale-based Fox Sports Florida. Sinclair agreed to buy the networks and Fox College Sports in a deal worth $10.6 billion, according to a news release. The regional networks will be acquired through Diamond Sports Group LLC, a wholly-owned subsidiary of Sinclair. "While consumer viewing habits have shifted, the tradition…
Categories: Business

South Florida firm invests $6M in public company

Fri, 05/03/2019 - 17:58
Multimedia shopping network Evine Live Inc. has landed a $6 million investment from Hollywood-based Invicta Watch Group and named a new CEO. In a news release, Evine said it is Invicta's largest and most tenured vendor, with more than 20 years of business together. Invicta has the largest customer following on Evine's platform and it was the first vendor to exceed $1 billion in sales on the network. The companies also collaborate on Invicta-themed cruises and destination events. The Eden Prairie,…
Categories: Business

Judge denies injunction to stop Lockhart Stadium demolition by Beckham group

Fri, 05/03/2019 - 17:20
The court ruling removes uncertainty about where the MLS franchise will open play.
Categories: Business

CareCloud raises $33M

Fri, 05/03/2019 - 14:55
CareCloud has closed on a new funding round from its existing investors. Ken Comée, CEO of the Miami-based health care technology company, on Friday confirmed the $33 million capital raise with the Business Journal. It brings the cloud-based practice management and electronic medical records software company's total funding to over $150 million. CareCloud will use the round to capture new business. The money will also go toward building out CareCloud's technology as it expands its partnership…
Categories: Business

Property near Miami Beach Convention Center could be redeveloped into hotel

Fri, 05/03/2019 - 14:49
The recently completed renovation and expansion of the Miami Beach Convention Center is expected to lead to more convention traffic.
Categories: Business

Swiss watch company breaks ground on Broward HQ expansion

Fri, 05/03/2019 - 14:46
Invicta has licensing agreements to produce limited edition watches for Disney, Marvel, Star Wars, DC Comics, Warner Brothers and the National Football League.
Categories: Business

Ultimate Software ceases trading on Nasdaq as $11B acquisition closes

Fri, 05/03/2019 - 14:10
An investor group led by private equity investment firm Hellman & Friedman has officially closed on the acquisition of Weston-based Ultimate Software in a deal valued at $11 billion, taking the company private. Ultimate's stock ceased trading on the Nasdaq Friday. "As a privately funded company, we now have increased ability to make long-term investment decisions that will benefit our customers, while still putting our people first – always," Ultimate Software founder, President and CEO Scott…
Categories: Business

Foreclosure lawsuit targets affordable housing project for veterans

Fri, 05/03/2019 - 14:10
A local charity guaranteed the loan.
Categories: Business

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