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Updated: 40 min 54 sec ago

Broward senior living campus breaks ground on first phase of expansion

Wed, 07/10/2019 - 13:16
Already with 900 residents, this campus could have more homes developed.
Categories: Business

Mandarin Oriental condo boosts construction loan to $225M for third phase

Wed, 07/10/2019 - 12:16
This luxury project recently broke ground.
Categories: Business

Fort Lauderdale approves Inter Miami CF stadium deal

Wed, 07/10/2019 - 12:03
The stadium will be ready for Inter Miami CF's inaugural MLS season in 2020 and will be home to the team for two seasons.
Categories: Business

Macy's to partner with major retailer in 36 stores, including in South Florida

Wed, 07/10/2019 - 07:43
Macy's Inc. will partner with another retailer and a gardening brand for the first time on an outdoor-themed related concept in 36 stores, including in South Florida. The Cincinnati-based retailer (NYSE: M) launched Outdoor Story with Coraopolis, Pennsylvania-based Dick's Sporting Goods (NYSE: DKS) and Marysville, Ohio-based Scotts Miracle-Gro Co. (NYSE: SMG) from July 9 until September. The concept, which will feature outdoor-inspired merchandise from the companies, also will have community events…
Categories: Business

Regulators OK $1.3B FPL settlement on Irma costs

Wed, 07/10/2019 - 07:38
The Florida Public Service Commission on Tuesday approved a $1.3 billion agreement between Florida Power & Light, the state Office of Public Counsel and the Florida Industrial Power Users Group. The settlement involved costs to the Juno Beach-based utility company, owned by NextEra Energy Inc. (NYSE: NEE), for restoring electricity after Hurricane Irma hit Florida in September 2017. It also includes the development of technologies to better track storm expenses for the company, such as a new smart…
Categories: Business

Developer obtains $70M to build apartments near Biscayne Bay

Wed, 07/10/2019 - 07:27
The developer agreed that 51 of the 402 units would be workforce housing.
Categories: Business

Developer to replace Little Havana church with apartments

Wed, 07/10/2019 - 07:16
The developer obtained a big construction loan for the project.
Categories: Business

Waste industry executive buys oceanfront mansion in Palm Beach for $13M

Wed, 07/10/2019 - 06:38
Anthony Lomangino, the founder and former chairman of Southern Waste Systems, and wife Lynda Lomangino paid $12.65 million for an oceanfront mansion in Palm Beach. The 10,111-square-foot home at 1620 S. Ocean Blvd. was sold by retired attorney Laurence C. Abramson and wife Eileen T. Abramson. The price equated to $1,251 per square foot. The Abramsons acquired the home in 2009, but the price wasn’t recorded in county records. It was built on the 0.67-acre lot in 2006. The home has six bedrooms.…
Categories: Business

Modernizing Medicine names Boyd as chief revenue officer

Wed, 07/10/2019 - 06:20
He will oversee all of the health IT company's sales operations.
Categories: Business

South Florida cannabis company to buy California dispensaries

Tue, 07/09/2019 - 15:27
The Boca Raton-based company recently closed a deal to purchase a chain of dispensaries in Oregon.
Categories: Business

Lennar seeks to rezone Broward property for 260 homes

Tue, 07/09/2019 - 15:23
Lennar Corp. wants to rezone a vacant property in Coconut Creek to build 260 single-family homes. The Miami-based homebuilding giant (NYSE: LEN) filed a land use plan amendment for the 36-acre site at the northwest corner of West Atlantic Boulevard and Lyons Road. Lennar has the property under contract from Coolidge Inc. It is zoned commercial and was approved in 2008 for a shopping center, but it was never built. Lennar wants to rezone it to “irregular residential.” Officials with Lennar…
Categories: Business

Vegan food festival coming to Miami for first time

Tue, 07/09/2019 - 14:11
Vegandale Festival will launch its first Miami event at Historic Virginia Key Beach Park on Saturday. The festival will feature about 80 vendors all offering vegan food ranging from plant-based burgers to non-dairy ice cream. Vegandale is a community in Toronto with different all-vegan restaurants, and last year started a North American tour to highlight vegan concepts in cities such as Chicago, Houston, New York City and now Miami. A spokesperson for Vegandale said the festival anticipates between…
Categories: Business

Apartment complex in Opportunity Zone sells for $23M

Tue, 07/09/2019 - 14:11
The property more than tripled in value since its last trade.
Categories: Business

Fast-casual salad restaurant to open 5 South Florida locations

Tue, 07/09/2019 - 14:08
The New York City-based chain will open its first South Florida location in Pembroke Pines, then Boca Raton, Miami, Fort Lauderdale and Aventura.
Categories: Business

Inside ADT's Innovation House (Photos)

Tue, 07/09/2019 - 13:57
ADT Inc. recently sold its 100,000th Command Panel & Control platform, a system that will be key to the Boca Raton-based company's (NYSE: ADT) strategy in capturing more of the rapidly growing smart home market. "ADT is in a moment of transformation," Bob Kupbens, ADT's recently appointed president of innovation and new business told the Business Journal. "Bringing security and home automation together are things ADT will continue to be known for." Everything the system can do — from displaying…
Categories: Business

BankUnited misses the mark for "outstanding" CRA rating, again

Tue, 07/09/2019 - 13:18
The bank failed to boost its community lending to a level that would qualify as "outstanding."
Categories: Business

Developer seeks to renovate historic theater into hotel

Tue, 07/09/2019 - 12:44
The city will consider a request for proposals for the half-care property.
Categories: Business

Lawsuit could lead to sale of $74M Brickell property

Tue, 07/09/2019 - 12:14
The developer allegedly fell short of raising EB-5 fund for the project.
Categories: Business

Marriott-branded hotel breaks ground at South Florida mall

Tue, 07/09/2019 - 12:14
The new hotel will be attached to the mall's parking garage.
Categories: Business

Mobile payments company buys Boca Raton gift card platform

Tue, 07/09/2019 - 07:52
ZipLine, a Portland, Maine-based mobile payments technology platform, has acquired Boca Raton-based SmartClixx for an undisclosed amount. The buy is effective immediately and expands ZipLine's presence in a new market, CEO Stephen Goodrich said. "For two decades, SmartClixx has licensed and deployed its robust technology, processing billions of dollars in transactions on behalf of some of the world's most recognizable brands," Goodrich said. "Together, we will combine our unique platforms on behalf…
Categories: Business