Midsize banks see slower growth in Q4

Local midsize banks, those with between $500 million and $1 billion in total assets, collectively had a more turbulent fourth quarter than the banks based in South Florida with $1 billion or more in assets. The eight midsize banks reported $73.8 million in loan growth in the fourth quarter. That’s just over half the amount…

News in Brief

• Ravi Ramnarain opened Ravi Ramnarain, CPA, LLC at 401 E. Las Olas Blvd., Suite 130-288, in Fort Lauderdale. The firm provides general taxation, bookkeeping, auditing and outsourced CFO options to individuals and businesses. • GrubHub has expanded delivery service to southeast Florida, launching local service with more than 55 restaurants. www.grubhub.com. • The Southern…

SoFla loan originations see year-end decline

A 2009 photo of Miami’s skyline (Credit: Nigel Morris) As another possible sign that South Florida’s residential market is slowing, property loan originations declined considerably at the end of 2015. Property owners signed off on 35,271 loans during the final three months of 2015. That includes financing for buying a residential property, refinancing an existing…

Miami Herald sells Doral headquarters

The Miami Herald Media Co. sold its Doral headquarters for $13.85 million to the pension plan of its parent company the McClatchy Co. The transaction was part of a six-property deal by Sacramento-based McClatchy (NYSE: MNI) where its newspapers sold six properties in four states to its pension plan for a combined $47 million. It…

Miami Herald sells Doral headquarters

The Miami Herald Media Co. sold its Doral headquarters for $13.85 million to the pension plan of its parent company the McClatchy Co. The transaction was part of a six-property deal by Sacramento-based McClatchy (NYSE: MNI) where its newspapers sold six properties in four states to its pension plan for a combined $47 million. It…