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South Florida Business Journal
Blackstone buys Broward County warehouse for $21M
The industrial real estate arm of investment giant Blackstone paid $20.7 million for a distribution warehouse in Pompano Beach. EV 3141 LLC, an affiliate of Miami-based Elion Partners, sold the 93,873-square-foot warehouse at 3141 S.W. 10th Street to...
Wealth management leader discusses how politics, AI impacts industry
It's only May, but wealth managers are already poised for phone calls from antsy clients, following the November presidential election. That's mainly because election results can ultimately affect government policy, laws and foreign relations – factors...
Small-business grants you can apply for this month
Small-business owners are optimistic about their growth prospects as we move toward the midpoint of 2024. <\p> According to a recent WalletHub survey of business owners, more than 60% of small-business owners believe now is a good time to grow. That's despite 64% who believe inflation won’t be coming down soon, and 60% who say their business is in need of financing more than it was a year ago. <\p>
Former Diane von Furstenberg exec named CEO of public company
An executive with more than a decade of experience in the fashion industry is the newest CEO of PetMeds Express. On Monday the Delray Beach-based company named Sandra Campos as chief executive following the departure of Matt Hulett. After more than...
BizSpotlight: Becker & Poliakoff, P.A.
Becker proudly announces our employees have raised over $120,000 for this year’s Pancreatic Cancer Action Network’s PurpleStride 5K Run/Walk, ranking among the top 5 fundraising teams nationwide. In total, Becker has raised nearly $500,000 over the...
Meet the 2024 Power Brokers in Commercial Real Estate
Profiles of this year’s Power Leaders in Real Estate and Power Brokers in Residential and Commercial Real Estate revealed as much about the individuals as they did the South Florida market.<\p> From the economic turmoil dating back to the Great Recession through the fallout of the pandemic and the current high interest rates that create an undercurrent of uncertainty, these real estate professionals have proven themselves as resilient as the market they work and live in. <\p>
Meet the 2024 Power Leaders in Real Estate (Part 1)
Profiles of this year’s Power Leaders in Real Estate and Power Brokers in Residential Real Estate and Commercial Real Estate revealed as much about the individuals as they did the South Florida market. From the economic turmoil dating back to the...
What an evolving retail landscape means for America's downtowns
The challenges facing America's downtowns are frequently linked to the staggering amount of empty office space sitting in towers. But another important segment of the downtown revitalization conversation is how to fill a growing amount of vacant retail space in cities across the country.<\p> Once the core shopping hubs of cities and metro areas, downtowns for many retailers have lost favor to more suburban locations, even predating the Covid-19 pandemic, thanks to population and demographic patterns. Even the suburban retail story has faced challenges, though, with U.S. malls posting an average vacancy rate of 8.7% in 2023 — the highest of any retail property type tracked by Jones Lang LaSalle Inc. (NYSE: JLL).<\p>
Banking & Finance Tracker: Dimon on Inter Miami, local investments
JPMorgan Chase & Co. CEO and chairman Jamie Dimon recently touted the mega bank’s latest investments and contributions in South Florida, which include the naming rights to Inter Miami’s stadium. <\p> “This year, we forged a relationship with Inter Miami CF, one of the most recognizable sports teams in the world,” Dimon said. “Through this partnership and the newly named Chase Stadium, we’re continuing to contribute to South Florida and its local communities.”<\p>
Inside SFBJ's 2024 Business of the Year Awards (Photos/Video)
Nearly 220 people came together Thursday night to celebrate business excellence at the 2024 Business of the Year Awards at Gulfstream Park - Sport of Kings in Hallandale Beach. The signature South Florida Business Journal event, in its 27th year, honored...
Lutoff-Perlo steers career through uncharted waters (Video)
When Lisa Lutoff-Perlo was named to helm Celebrity Cruises in 2014, she knew she would be navigating uncharted waters. She also knew she wouldn’t sail alone. She was the first woman to lead a major cruise line as CEO. She soon brought to the bridge...
2024 Business of the Year winners and finalists in revenue categories
Each year, the South Florida Business Journal profiles and celebrates some of the region’s leading employers as part of our Business of the Year Awards. And each year, new names emerge as organizations have elevated their approach to thoughtful and...
Miami company receives $136M loan for solar energy facility
Origis Energy closed on a $136 million construction loan with Japan's Mitsubishi UFG Finance Group (MUFG) for the development of its Rice Creek Solar project in Putnam County, Florida. <\p> The solar panel facility was contracted by the Florida Municipal Power Agency, a power company owned by multiple municipal electric utilities. The FMPA will act as a project coordinator for member owners that purchase power from the Rice Creek Solar facility when it is completed. <\p>
Meet the 2024 Power Leaders in Corporate Philanthropy
Ask almost any head of a philanthropic organization about how they run the enterprise, and they’ll often tell you it’s a business posing as a nonprofit. They have every concern a business owner may have, including revenue, overhead, payroll and other expenses.<\p> While many nonprofit CEOs and directors have proven themselves to be savvy businesspeople, sometimes they require the assistance of others to help elevate their outcomes.That’s where boards of directors, and especially their chairs, play a vital role. As part of the organization’s governing body, they provide high-level strategy, oversight and accountability to help ensure the mission’s success.<\p>
Jamie Dimon on Inter Miami, local investments and contributions
JPMorgan Chase & Co. CEO and chairman Jamie Dimon touched on the mega bank's latest investments and contributions in South Florida, which include the naming rights to Inter Miami's stadium. <\p> "This year, we forged a relationship with Inter Miami CF, one of the most recognizable sports teams in the world," Dimon said. "Through this partnership and the newly named Chase Stadium, we’re continuing to contribute to South Florida and its local communities."<\p>
Local chefs named finalists for 2024 James Beard Awards
Two South Florida restaurants are finalists for the 2024 James Beard Foundation Restaurant and Chef Awards.<\p> The James Beard Foundation whittled down its semifinalist picks from January. Of the six semifinalists, only two local restaurants made the final list announced on April 3. Both restaurants hail from Miami-Dade County.<\p>
Forbes' billionaires list includes over 40 South Florida residents
South Florida residents on the 2024 Forbes World's Billionaires List include largely repeat honorees, plus five local newcomers including the CEO of a top public company and a longtime homebuilder. <\p> The business publication reported that there are now more billionaires than ever: 2,781 in all, 141 more than last year and 26 more than the record set in 2021. The list is wealthier than ever, worth $14.2 trillion in aggregate, up by $2 trillion from 2023 and $1.1 trillion above the previous record, also set in 2021.<\p>
Country club waitlists are surging. What about initiation fees?
Country clubs that made it through the leaner years of the Great Recession and the turmoil of the Covid-19 pandemic are expected to see blue skies in 2024 and beyond — and that means waitlists at well-situated clubs will likely remain robust. <\p> Right now, indicators are showing clubs are largely in the driver's seat in 2024 with increased demand and limited supply, according to Chris Davis, a director at Club Benchmarking, which uses club data and evaluations to help them plan for their capital needs.<\p>
Executive Profile: The Breakers president on leading a historic resort
Tricia Taylor Age: 51 Birthplace: Bellevue, Washington Residence: Jupiter Current position: President of The Breakers Palm Beach Previously held positions: Executive vice president and GM; housekeeping manager Boards/organizations: American...
These are America's wealthiest colleges and universities
Endowments at the 100 wealthiest colleges in America fell by an average of 3.3% between 2021 and 2022, but they rose an average of 35% since 2019. <\p> That’s according to a recent Business Journals analysis of data from the U.S. Department of Education.<\p>
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