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May 24, 2018

Wednesday's Afternoon Update

What you need to know about Florida today

| 2/14/2018

Florida commercial fishermen could get $200 million in aid

Florida’s commercial fisheries, hit hard by Hurricane Irma, should pull in a $200 million boost from the two-year federal budget passed last week. The $200 million will be included as funding for the “catastrophic regional fishery disaster for Florida” in the proposed $300 billion increase in the federal budget. “The hardworking folks in the Keys and throughout our state who rely on Florida’s bountiful marine fisheries can finally begin to rebuild their livelihoods and businesses following Hurricane Irma,” Sen Marco Rubio said in a statement. Read more at the Florida Keys News.

Boca-based prison operator Geo's 2017 revenues up 4 percent, earnings dip

Boca Raton-based prison operator The Geo Group saw a dip in earnings on higher revenues for 2017, with the new tax law affecting fourth-quarter earnings. Geo took a $9.6 million charge in the quarter related to the new tax law that reduces the corporate tax rate from 35 percent to 21 percent. More from the South Florida Sun-Sentinel.

South Florida construction workers make lower-than-average salaries

Construction workers in South Florida are paid considerably less than in other major markets, according to a study by BuildZoom. The company, which connects developers with contractors, examined U.S. Census data to compare construction salaries across major markets. More from the South Florida Business Journal.

Payday lenders in Florida a step closer to longer loans for more money

The House Government Operations & Technology Appropriations Subcommittee approved the bill (HB 857), which would allow payday lenders to provide longer-term loans for larger sums of money than under current law. More from the Orlando Sentinel.

$9.2 million deficit looms to restore Miami Marine Stadium

City of Miami officials are estimating a $9.2 million deficit for the project to restore Miami Marine Stadium and build the new maritime museum and welcoming center next door. The city intends to renovate the stadium and make other improvements on Virginia Key using revenue bonds and other funds. More from Miami Today.

Florida Politics
Democrat takes state house seat in Trump-friendly Sarasota

 Democrats seized the national spotlight with another victory in a legislative district that President Donald Trump carried and added more momentum to their midterm election ambitions by propelling Siesta Key attorney Margaret Good (photo) to an upset win Tuesday in Florida’s state House District 72 race.

» More from the Sarasota Herald-Tribune, the Miami Herald, Newsweek, and Politico.

 

Profile
Lightle Beckner Robison Inc.

florida originalsThere was a period back in 2012 — not that long ago, when you think about it — that Brian Lightle, president of Lightle Beckner Robison Inc., seemed out of gas. For a commercial property broker, that’s pretty tough.

» Read more from Florida Today.
(Photo: Brian Lightle, president of Lightle Beckner Robison Inc.)

Tags: Daily Pulse, Afternoon Pulse

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Trends in Florida's Commercial Real Estate Market
Trends in Florida's Commercial Real Estate Market

Larry Richey, Florida Managing Principal of Cushman Wakefield, offers an assessment of the state's commercial real estate market and explores industry trends influenced by the rise of ecommerce and basic supply and demand.

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