A new office building has been proposed in Boca Raton to accommodate a growing company. Dizengoff Boca Raton LLC, managed by Ronon Saban, filed the application with the city in December to build a 7-story, 120,000-square-foot office building at 900 Peninsula Corporate Circle. It acquired the 3.76-acre site out of foreclosure in 2010 for $1.35…
A proposal to build Presidential Self-Storage is up for consideration in West Palm Beach. The city’s Plans and Plats Review Committee will hear the plans for the three-story, 105,000-square-foot facility on Feb. 10. It would be on the 2.43-acre site at 1620 N. Congress Ave., which is just north of the Palm Beach Outlets. It’s…
A new global survey of more than 21,000 companies reveals how the presence of women in top ranks is a real payoff — in profits. How much? The Peterson Institute for International Economics survey finds that the more women a firm has in its top ranks in the C-Suite, the higher its profitability will likely…
President Barack Obama’s proposed $4.1 trillion budget plan for next year is primarily a political document, setting the agenda for what Americans can expect if Democrats win the 2016 elections. This year’s Republican-controlled Congress won’t pass the plan’s tax increases — higher rates on capital gains, limits on itemized deductions for wealthy Americans, and a…
Telemundo broke ground on a $250 million international headquarters and TV production studio in Miami-Dade County in what would be the largest investment ever in such a facility in South Florida. The Spanish language media giant, a subsidiary of NBCUniversal and Comcast Corp. (NYSE: CMCSA), plans to eventually employ about 1,300 people at the site…
Thor’s Joseph Sitt, North Miami Avenue properties and Ben Bernstein Less than three years after it began assembling a war chest of properties in Miami’s Design District, Thor Equities has just sold eight sites to Redsky Capital and JZ Capital Partners for $128.285 million. The nearly two-block purchase adds to Brooklyn-based Redsky Capital and London-based…
Good morning, South Florida. The stock market has been a little tough this year. Did you cash out? Need a new Lamborghini? 1. No amount of makeup can cover this Miramar-based Elizabeth Arden is among the “weakest link” companies, according to Standard & Poor’s Ratings Services. These are companies with negative outlooks and the lowest…
A Brazilian steakhouse and contemporary American restaurant have claimed space at the massive mixed-use Metropica development coming to Sunrise, the South Florida Business Journal has learned. Metropica Holdings LLC this week added Fogo de Chão, a Brazilian churrascaria, to its lineup. The upscale concept will open its third Florida location in the 65-acre project and…
The Related Group and Atlantic Pacific Cos. have submitted competing bids with Miami-Dade County to redevelop the Liberty Square affordable housing community. The county has pledged $74 million in public support to replace the aging housing, dating back to 1937, with new homes and amenities. Liberty Square, located at the northwest corner of Northwest 62nd…
The Four Points by Sheraton Miami Airport hotel recently started construction after the developer secured a mortgage. HSBC Bank USA provided the $13.5 million construction loan to 36th Street Three LLC, an affiliate of Boca Raton-based Economos Properties. It has started building a 124-room hotel that would total 45,182 square feet. That includes a 2,220-square-foot…