March 29, 2024

Wednesday's Afternoon Update

What you need to know about Florida today

| 9/9/2015

Flow of private equity deals in Florida slows

The flow of private equity into Florida is slowing, according to a recent report from Miami-based investment banking firm Cassel Salpeter & Co. Just 75 private equity deals closed in the first half of 2015, compared to a record 180 in 2012, 175 in 2013, and 199 in 2014. More at the South Florida Business Journal.

AutoNation stops selling vehicles facing open safety recalls

AutoNation, the country's largest auto retailer, announced a new policy Tuesday to handle vehicles that face open safety recalls from their manufacturers: No more sales until repairs are made. More at the South Florida Sun-Sentinel.

Funding for JaxPort deepening project due within a year

Container cargo through JaxPort could triple by 2035. Nearly 14,000 new jobs could be created. The regional economic impact could top $850 million per year. But before that can happen, $684.2 million must be spent to deepen JaxPort’s shipping channel. More at the Financial News & Daily Record.

Dollar's declining value could trim prison sentences for economic crimes

Money isn't worth what it used to be, and so the U.S. Sentencing Commission wants to make stealing it a little less serious. The commission has adjusted its 16-tier theft and fraud table for inflation, meaning it could soon take higher loss amounts to trigger enhanced penalties. More at the Tampa Bay Times.

Media General to buy Meredith Corporation for $2.4 billion

The merger highlights the consolidation underway within the television industry, an arms race among multiple armies to grow ever bigger. More at DealBook.

Out of the Box
The globe's largest private residential yacht

the world Anne McBride-Schreiber feels fortunate to be able to see the world from her front window. McBride-Schreiber, 68, is among a community of nearly 150 international families that own a home aboard The World, a 644-foot-long, 12-deck luxury ship that's considered the world's largest private residential yacht.

» More from the South Florida Sun-Sentinel

Florida Trend Exclusive
Landlord Inc.

landlord inc In 2013, Florida Trend reported about the trend of private equity groups buying single-family homes. Today, investment groups that bought clusters of foreclosed homes as the market bottomed are staying in the rental business.

Also in this package: We give examples of what $250,000 buys in Florida, region-by-region. 

Tags: Daily Pulse, Afternoon Pulse

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Florida Trend Video Pick

Bitter-to-swallow cocoa costs force chocolate shops to raise prices
Bitter-to-swallow cocoa costs force chocolate shops to raise prices

Central Floirda chocolate shops are left with a bitter taste as cocoa prices hit an all-time high earlier this week.

Video Picks | Viewpoints@FloridaTrend

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