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Miami-Dade County Business Briefs - Jan. 2006
? Caballero Television has agreed to sell its youth-oriented music network -- Mas Musica -- along with 10 of the company's TV stations in Texas and California to media conglomerate Viacom for an undisclosed amount...
? The University of Miami has signed a long-term agreement to rename its convocation center the BankUnited Center. The on-campus facility is used for concerts and other events and is home to the school's NCAA basketball teams.
ISLAMORADA --
? West Palm Beach developers Ceebraid-Signal have purchased Holiday Isle, home of the legendary Tiki Bar and one of the Florida Keys' most popular tourist destinations, for an undisclosed price. The buyers plan to convert the 151-room resort into a high-end condo-hotel and spa.
MIAMI --
? Ivax (AMEX-IVX) shareholders approved the sale of the Miami-based pharmaceutical maker to Israel's Teva Pharmaceutical Industries. Ivax founder Philip Frost will stay on as vice chairman. The merger should be completed early this year...
? Miami Seaquarium will remain closed for the early part of the year after losing much of its marine life and sustaining extensive damage during Hurricane Wilma. A six-foot tidal surge swamped the waterfront, open-air attraction...
? Construction has begun on a $25-million science complex at Miami Dade College's North Campus.
? St. Thomas University has received its largest ever single donation -- $3 million from MBF Healthcare Partners Chairman Mike Fernandez. The gift will fund construction of a wellness center and provide leadership training to high-achieving students...
? Miami-based SeaSpecialties, one of the nation's largest producers and distributors of smoked fish and seafood, has filed for Chapter 7 bankruptcy liquidation. The company had been struggling to stay afloat following a federal recall of its products last year.
MIAMI-DADE --
? Voters approved a charter allowing the community of Cutler Ridge in south Miami-Dade to become the county's 35th municipality. Its new name: Cutler Bay...
? Ritz-Carlton, teaming with developers Fortune International and Lionstone Development, announced a plan to open a timeshare resort on Collins Avenue in Miami Beach. The Ritz-Carlton Club and Residences will be the fourth Ritz property in Miami-Dade...
? Spanish-language media company Univision will eliminate 260 jobs, many of them at its Miami television operation. The cost-cutting move allows the Los Angeles-based company to reduce its overall workforce by about 6%.
MIAMI LAKES --
? Satellite broadcast provider DirecTV Group will shut down its Miami Lakes facility by the middle of this year, eliminating about 100 jobs. The move follows a decision to consolidate its Latin American operations at its El Segundo, Calif., headquarters.
NORTH BAY VILLAGE --
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This affluent municipality north of Miami Beach is believed to be the state's first to require gas stations to have back-up generators allowing pumps to operate during a power outage. Miami-Dade commissioners are considering a similar ordinance for the county's unincorporated areas.
