SHARE:
Miami-Dade Roundup
Pérez Art Museum Miami proves to be a work of art
MIAMI-DADE COUNTY —
Jackson Health System, the county's public health system, ended its fscal year in September with a surplus of nearly $45 million, according to its unaudited fnancial statement. It ended the year with only 27 days of cash on hand — far below the 175 days of cash that it says it needs for smooth operations, but more than the 14 days it ended with last fscal year.
OPA-LOCKA —
Miami Lakesbased aircraft engine service company TurboPower will move its headquarters to a 100,000-sq.-ft. space in the AVE Aviation & Commerce Center at Opa-Locka Executive Airport.
SUNNY ISLES BEACH —
Miamibased Fortune International Realty and Argentina-based Chateau Group, which has its U.S. headquarters in Hallandale Beach, paid $41 million for a 1.5-acre oceanfront condo site that was in foreclosure.
Condo Pipeline
LYND and Starwood Capital Group have named their 390- unit, 35-story condominium development NINE at Mary Brickell Village.
During the fourth quarter of 2013, three condominium projects completed construction: Bellini Williams Island in Aventura, MyBrickell in downtown Miami and Regalia in Sunny Isles Beach.
FORECLOSURES
High-End Woes
In 2013, the south Florida metro area of Miami-Dade, Broward and Palm Beach counties was No.1 in the nation in foreclosures on homes priced at more than $5 million.
47 Total number of $5-million-plus homes in foreclosure
488% Increase from 2012
61% Increase nationally in similar foreclosures
