Southeast Florida Business Briefs - Jan. 2008
BOCA RATON —
» Florida Atlantic University has received approval for a new graduate college, which will oversee most aspects of graduate education at the university.
DELRAY BEACH —
» Ziff Asset Management has purchased more than 17 million shares of Office Depot (NYSE-ODP), giving the hedge fund a 6.4% stake in the company. The company has had to restate earnings because of accounting errors.
» Wrestler Hulk Hogan has partnered with Delray gaming design firm ID Interactive to create a range of video slot machines in cooperation with the National Indian Gaming Association.
FORT PIERCE —
» ComNet Realty plans to convert the Florida Furniture Mart to a biotechnology research park.
» Home builder TOUSA Inc. reported a third-quarter loss of $619.7 million and is considering filing for Chapter 11 bankruptcy protection.
» The town council approved $260,000 for the Max Planck Center.
WEST PALM BEACH —
» HearUSA (Amex-EAR) has expanded into Charlotte, N.C., buying two private practices with combined estimated revenue of $2.4 million.