BOCA RATON --
? Online social networking player Multiply has completed a $6- million round of funding from Transcosmos Investments. The company plans to use the funds to speed development of new features and functionality and to expand marketing and international activities.
? Flagler/Codina Development has entered a joint venture with TIAA-CREF's Global Real Estate Group to develop 54 acres in the Arvida Park of Commerce. Future development plans include creating more than 940,000 square feet of office space in the park.
BOYNTON BEACH --
? Health-Tech Inc., a family-owned oral care products provider, is relocating its headquarters and manufacturing facilities from New Jersey to Palm Beach County. The company will business briefs bring nine jobs and create 50 new positions at its 29,500-sq.-ft. facility in Boynton Beach. The firm cited quality of life as the overwhelming factor in its relocation decision.
BROWARD --
? The Broward County Port Everglades Department has hired DMJM Harris to assess regional, national and international changes affecting the port since 2001. The engineering/planning/economic analysis firm will prepare a five-year master plan, as well as 10- and 20-year vision plans.
DEERFIELD BEACH --
? Internet service provider WebUnited has merged with Pittsburgh ethernet carrier Expedient. The merger brings an advanced menu of technology and infrastructure to Miami-Dade, Broward and Palm Beach counties. Terms were not disclosed.
DELRAY BEACH
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? Cleartel Communications has agreed to buy Orlando-based Supra Telecom. The company will serve 200,000 south Florida customers. Terms of the deal were not disclosed.
FORT LAUDERDALE
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? Charlotte, N.C.- based Sunbelt Rentals is acquiring NationsRent Cos. for $1.05 billion. NationsRent has 267 locations targeting equipment rentals to construction and industrial customers.
JUPITER --
? The Weiss Group has sold its Weiss Ratings subsidiary to financial publishing company TheStreet.com. Weiss Ratings provides independent financial evaluations in industries where it believes investors are at risk. Terms of the deal were undisclosed.
POMPANO BEACH
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? DHB Industries has relocated its headquarters from Westbury, N.Y. The body armor firm wanted to be close to two of its subsidiaries: Point Blank Body Armor in Pompano Beach and Deerfield Beach and NDL Products in Oakland Park.
PORT ST. LUCIE
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? Torrey Pines Institute for Molecular Studies is moving its headquarters from La Jolla, Calif., to Port St. Lucie. The institute was promised more than $90 million in state and local incentives to build a $40-million base west of I-95. The institute is expected to create about 190 jobs with an average salary of $57,000 over the next 10 years. Port St. Lucie beat out Boca Raton and Tallahassee for the headquarters.
? Menin Development Cos. plans to build a 260,000-sq.-ft. retail center in Port St. Lucie. It will be part of the 6,000-acre-plus PGA Village golf community built by Kolter Property Co. and connected to the 8,300-acre town of Tradition, where Core Communities is developing about 17,000 homes.
SOUTHEAST FLORIDA
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? The Florida Department of Transportation will coordinate with the South Florida Regional Transportation Authority in managing passenger and freight trains on the 81-mile Tri-Rail corridor. The move -- which includes extending commuter rail service from Miami International Airport to Homestead -- is part of a project to expand and improve the Tri-Rail system, which has seen double-digit increases in ridership, including a 35.7% increase in July.
WEST PALM BEACH --
? FedEx plans to build two facilities on 22 acres along 45th Street in the new Premier Park of Commerce. The proposed 120,000-sq.-ft. FedEx Ground hub and 80,000- sq.-ft. FedEx Freight facility are scheduled to open by July. ? Cleveland-based National City Corp. says it will acquire West Palm Beach-based Fidelity Bankshares in a $1-billion deal. The proposed sale price is 3.4 times Fidelity's June 30 book value. Last year's average price for bank mergers announced with a Florida-based seller was 2.8 times book value, according to SNL Financial.