Wednesday's Afternoon Update
What you need to know about Florida today
Florida cities lead nation in high-end foreclosures
Two Florida cities lead the nation in foreclosures of high-end properties worth $5 million or more. The research firm RealtyTrac said in a report Wednesday that Miami and Orlando were at the top of the list of foreclosure activity on homes in the $5 million-plus range. More at the AP.
Tax breaks for Office Depot stall in Illinois
Office Depot, which recently merged with Illinois-based OfficeMax, was approved for tax breaks by the Illinois Senate that could sway the office-supply company toward a northern headquarters. But the Illinois House adjourned Tuesday, stalling the bill. More from the South Florida Sun-Sentinel and the Chicago Tribune.
Florida Poly opens first building on Lakeland campus
Today is your first chance to set foot onto the campus of the Tampa Bay Area's newest university. The school is under construction on the east side of Lakeland and set to open in just a few months. They have the concept: focusing entirely on science and technology, with hands-on learning. More at WTSP.
Art Basel chief: We’re not going anywhere
Art Basel Miami Beach now feels confident the show can go on during an extensive renovation of the Miami Beach Convention Center, with fair executives backing off contingency plans that could have sent the major tourism event to San Francisco once construction began, Art Basel’s director said Tuesday. More at the Miami Herald.
Saveology relocates headquarters, call centers
Saveology, a deals company that in 2012 transformed a renovated Margate retail space into a showy headquarters, promising to create 700 jobs over three years, has relocated to a smaller office in Tamarac and moved most of its call center operations to Jamaica. More at the South Florida Sun-Sentinel.
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