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South Florida Business Journal
Local company CEO launches private equity firm
The CEO of one of South Florida's fastest-growing companies is launching a private equity firm targeting high-growth lower and middle markets. Exuma Capital Partners revealed May 9 that the team will be led by Air Pros USA CEO Anthony Perera, a serial...
Liens and Bankruptcies Leads - Collected week of May 3, 2024
Federal Tax Liens and Releases The latest information available concerning unpaid tax levies filed by the Internal Revenue Service against individuals and businesses. -State Tax Liens Business or Person: B, Name: Worldwide Elitte Aviation LLC, Address:...
Real Estate Leads - Collected week of May 3, 2024
Building Permits Identify the individuals and developers securing the largest commercial and residential building permits in the area, with details on the date, location, dollar value and parties involved. -Commercial Mortgages Permittype: C, Contractor:...
Court Records - Collected week of May 3, 2024
Judgments Legal judgments filed or recorded in local county offices. -Lawsuits Extended Business or Person: B, Plaintiff: Webfunder LLC, Defendant: Joy Opens Doors Speech and Occupational Therapy Inc./Breathe Bliss Yoga/Joy E. Festa, Defaddr: 556 N....
New Business Leads - Collected week of May 3, 2024
New Businesses New business licenses and corporate formations. -Business Taxes Company: Next Level Security Solutions Inc., Address: 13727 SW 152nd St., City: Miami, State: FL, Zip: 33177-1106, Type: security systems monitoring, Sic: 89, Recdate: 2024-04-23,...
Hotel renovations a luxe affair
I recently met a friend for lunch in South Beach, and we couldn’t help but notice how the area seems back to its pre-pandemic glory days. Shoppers rushed into boutiques and patrons savored culinary treats, as the couple dining next to us rhapsodized...
American Airlines expects summer record passengers at this airport
American Airlines Group Inc. — the largest carrier at Miami International Airport — announced it expects to have a record-breaking summer. The Fort Worth, Texas-based airline issued a travel forecast that projects the company will serve approximately...
Developers await DeSantis' approval of amended Live Local Act
An amended Live Local Act that grants extra incentives for developers who include affordable housing in their projects has reached the desk of Gov. Ron DeSantis. Julia Friedland, deputy press secretary for the executive office of the governor, stated...
4 developers competing for deal with Fort Lauderdale CRA
Fort Lauderdale officials are considering four apartment development proposals for city-owned land on Sistrunk Boulevard. The Fort Lauderdale Community Redevelopment Agency (CRA) previously issued a request for proposals (RFP) for multifamily development...
Executive Profile: Related Urban leader on affordable housing business
Albert Milo Jr. Age: 53 Birthplace: Miami Residence: Pinecrest Current position: President, Related Urban Development Group, the affordable housing division of Related Group Previous position: President, The Urban Development Group Education: Graduate,...
Office Depot parent company to sell tech business
The Boca Raton-based parent company of Office Depot and OfficeMax announced it will sell one of its tech businesses. The ODP Corp. (Nasdaq: ODP) released its first quarter earnings on May 8 and said the company’s board of directors approved a held-for-sale...
Former GlobalX CEO to launch air taxi company in Miami
Another electric aircraft business plans to take flight in Miami in the next two years. UrbanLink Air Mobility expects to launch in South Florida by 2026, founder and chairman Ed Wegel announced this week. Wegel launched the company after stepping...
Warehouse breaks ground on 40-acre site in Broward
Industrial Outdoor Ventures (IOV) broke ground on a warehouse and outdoor storage facility on the 38.5-acre site in Davie. The Schaumburg, Illinois-based industrial developer, in partnership with San Francisco-based Stockbridge Capital Group, is building...
Hundreds of jobs cut in Florida after Walmart ends contract
Hundreds of jobs will be cut throughout Florida as Walmart ends its contract with a Coral Gables-based company. Bentonville, Arkansas-based Walmart (NYSE: WMT) will be ending its wireless sales program contract with T-ROC on May 31. As a result, 302...
County could spend $49M to support 2026 FIFA World Cup
The Miami-Dade Board of County Commissioners will discuss a proposal that aims to secure millions of dollars to support the organization and execution of the 2026 FIFA World Cup. County attorney Geri Bonzon-Keenan prepared a memorandum outlining the...
Luxury hotels bank on multimillion-dollar renovations
Luxury hotels in South Florida continue to invest millions of dollars in sweeping renovations in their ongoing quest to lure discerning travelers. The trend isn’t new in a region known for its glamorous hotel industry — and one of the most competitive...
Hunter Douglas acquires local manufacturer
A Hialeah-based business that designs and manufactures patio covers, cabanas, pergolas, and swimming pool covers was just acquired by Hunter Douglas. On May 7, Azenco Outdoor announced it had been purchased for an undisclosed price by the Rotterdam,...
Repossessed hotel in Miami Beach sold for $13M
The lender that repossessed the Kayak Miami Beach hotel one month ago has sold the property for $12.8 million. VMC TRS 4 LLC, in care of loan servicer Trimont in Overland Park, Kansas, sold the 51-room hotel, at 2216 Park Ave. to 2216 Park Ave LLC,...
Miami Beach dentist sells house to neighbor for $21M
Dentist Howard M. Davis and wife Rosemary Davis sold their Miami Beach home to their neighbor for $21 million. The 4,043-square-foot home at 2184 N. Bay Road was purchased by the LKA Revocable Trust, with Charles Harris as trustee. The off market deal...
Lennar to build over 550 townhomes on recently acquired site
An affiliate of Lennar Corp. acquired a townhouse development site near Florida City for $12.28 million. CRE-KL Antillia Owner LLC, an affiliate of Delray Beach-based Kolter Group and its land banking division, sold the 45.8-acre site on the north side...
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Miami-Dade, Broward and Palm Beach's source for local business news, breaking news alerts, newsletters, business intelligence and local business networking. An American City Business Journals publication.