April 1, 2020

Southeast Florida Business Briefs - June 2006

? International construction specialist Gene McGovern has launched McGovern Management, a real estate development, design and construction consulting firm targeting the south Florida market. McGovern is co-founder of construction firm Lehrer McGovern Bovis, which managed France's EuroDisney and New York's Ellis Island restoration projects.

? Private investment firm Sun Capital Partners has opened an office in Shenzen, China, to support and facilitate sourcing activities there.

? Devcon International Corp., a Delray Beach-based security, construction and materials firm, has completed its $65.5-million acquisition of Hollywood-based Guardian International.

? A new company called Trade Center Development Corp. has a $250-million plan to build World Trade Center complexes in Fort Lauderdale and China that would link the Asian, Florida and Latin American markets, according to the South Florida Sun-Sentinel.

? The Alec Bradley Cigar Corp. has divested itself of its cigar operations and assumed the operating business of Online Vacation Center, an internet-based vacation seller that now becomes a publicly traded business.

? Eastern Financial Florida Credit Union plans to offer bilingual mortgage documents and educational materials designed to help Spanish-speaking homebuyers. Eastern Financial is working with VMP Mortgage Solutions and Freddie Mac to develop bilingual security instruments, notes and other documents, as well as brochures that address the mortgage process. The materials will be available this summer. While bilingual documents are getting more common, they are still far from mainstream, even in south Florida.

? Tech Village Partners resubmitted a development of regional impact application for the 4,763-acre Vavrus Ranch in Palm Beach Gardens near the Mecca Farms site that had been proposed as the location for Scripps Florida. The proposed mixed-use development, dubbed Exploration Pointe, would consist of nearly 10,000 residences, 250 assisted-living units, 2.7 million square feet of biotech and research space, 350,000 square feet of offices, a 644,000-sq.-ft. town center and more than 1 million square feet of university facilities.

? A planned $25-million civic center in Port St. Lucie is intended as the cornerstone of a new city center development. The center -- completion is expected in 2008 -- will include a theater, banquet hall, lobby, multipurpose gymnasium, exhibition space, art gallery, racquetball courts, fitness center, outdoor patio courtyard and cafe.

? Navarro Lowrey plans to construct a $20-million Class "A" green office building with materials that contain more than 40% recycled content. Dubbed EcoPlex, the 100,000-sq.-ft., four-story project will be located at Centrepark West, a 28-acre mixed-used corporate park in West Palm Beach. It is expected to earn a silver rating from the U.S. Green Building Council's Leadership in Energy and Environmental Design system.

? Paxson Communications Corp. is changing its name to Ion Media Networks.

? Providence, R.I.-based Nautic Partners bought West Palm Beach-based professional employer organization Oasis Outsourcing from H.I.G. capital for an undisclosed amount.

? EnerFuel, a subsidiary of Ener1 (OTCBB-ENEI) has moved its headquarters from Fort Lauderdale to West Palm Beach. The company will employ 16 with an average salary of $60,000.

Tags: Southeast, Treasure Coast

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