Biz Buzz of the Week: Publix pays $59M for recently renovated shopping center; Billionaire John Paulson to open his 1st South Florida office and more.
South Florida Business Journal
The Miami region's source for local business news & events. Part of the American City Business Journals network.
Publix buys Coral Springs shopping center for $59 million by Brian Bandell
Publix Super Markets paid $58.5 million for the Ramblewood Square Shopping Center in Coral Springs from private equity giant Apollo Global Management, Inc. Read more.
Billionaire John Paulson to open his 1st Florida office in West Palm Beach by Eman Elshahawy
The Wall Street legend with a Forbes estimated net worth of $3.5 billion is the latest billionaire to expand their corporate presence in South Florida; with an office lease for Paulson Capital in the One Flagler tower under construction by the Related Companies . Read more.
Margate seeks developer for massive mixed-use project on 51 acres by Erik Bojnansky
Margate's Community Redevelopment Agency issued a new request for proposals for developers interested in redeveloping up to 51.38 acres of publicly owned land. Read more.
Pharma company files for bankruptcy in wake of founder's death by Ashley Portero
ECI Pharmaceuticals filed for bankruptcy protection following the death of its founder, John S. Copanos, and is seeking to sell its business. Read more.
Delray Beach hotel starts beach club renovations, to reopen in fall by Cortney Danielle Moore
A multimillion-dollar renovation has started at The Seagate Beach Club in Delray Beach. The two-story property announced it closed its 3,500-square-foot?oceanfront clubhouse on May 20 and anticipates an October reopening. Read more.
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Market Review: Real estate still strong, but headwinds ahead by Erik Bojnansky
A panel of experts touched on the localized trends across various commercial property types and how interest rates are affecting the industry at the South Florida Business Journal 's annual Market Review with real estate editor Brian Bandell .
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That's all for this week's Biz Buzz, and thanks for supporting the SFBJ. This weekly round-up of South Florida's buzziest business news was compiled by Eman Elshahawy , digital producer. Questions? Comments? Concerns? News tips? Send them to [email protected].
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