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…
• 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…
Transamerican Development Corp. plans to build a mixed-use building near Aventura with apartments, office space and retail. The Miami Beach-based developer, through subsidiary West Dixie Holdings LLC, filed an application with the county for Aventura Greynolds Village on Feb. 8. It would be located on the 3.05-acre site at 17990 W. Dixie Highway, just east…
Floridian Community Bank filed an $8.45 million foreclosure and asset repossession lawsuit against a group of related agricultural companies with operations in south and central Florida. The defendant is in the business of tree farming, plant nurseries and landscaping. The Davie-based bank filed the lawsuit on Feb. 3 against Lake Nona Outdoors, Foremost Inc., Medallion…
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…
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…
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…
Grady’s Bar & Grill in Fort Lauderdale is slated to become a mixed-use project after its owners sold the property for $2 million. The deal includes 38,071 square feet of land at 901, 903, and 915 South Andrews Avenue, the Real Deal reports. The bar and grill was founded by Grady Copeland in the 1940s…
St. Thomas University unveiled the design of its new Gus Machado School of Business. The nonprofit Miami Gardens university plans to break ground on the 45,000-square-foot facility in summer 2016 and complete it for the start of the fall semester in 2017. The building is named for local car dealer Gus Machado and his wife…