April 25, 2024
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Miami-Dade Roundup
Miami-Dade Economic Assessment
Rochelle Broder-Singer | 3/27/2019
LAW
- Hilarie Bass left her position as co-president of law firm Greenberg Traurig to found the Bass Institute for Diversity and Inclusion, a Miami-based consulting firm focused on helping companies retain and promote more women in senior leadership roles.
AGRICULTURE
- New York-based Acreage Holdings paid $67 million to acquire licensed medical cannabis cultivator, processor and dispenser Nature’s Way Nursery.
BANKING
- Capital Bank hired Roberto R. Muñoz as market president of Miami and commercial bank and wealth executive; he is also this year’s chair of the World Trade Center Miami trade promotion organization.
- BBVA Compass named Giampaolo Consigliere CEO of the Miami market. He had been the bank’s segment executive for global wealth management.
EDUCATION
- Miami Dade College President Eduardo Padrón will retire at the end of this summer, becoming president emeritus after 24 years as the head of the nation’s largest campus-based college.
RETAIL
- Shula’s Restaurant Group hired William “Bill” Freeman, previously CEO of chef Michael Mina’s Mina Group, as CEO, overseeing its 29 locations. His predecessor, Mary Anne Shula (wife of the founder and former Dolphins coach Don Shula), is chairwoman.
- Commercial laundry company EVI Industries (formerly EnviroStar) paid $12.85 million in cash, stock and debt assumption to acquire Pennsylvania-based PAC Industries. This was EVI’s seventh acquisition in less than two years.
REAL ESTATE
- Swire Properties’ Brickell City Centre mixed-use project in Miami received approval to add two 927-unit residential buildings, as well as more stores, entertainment venues and parking. Construction will likely start in two or three years.
- Real estate developers Related Group and Fortune International Group became partners in private bridge lender Vaster Capital when Related bought out Rialto Capital Management’s stake in the Miami-based lender.
- Lennar promoted Fred Rothman to COO.
- Berkshire Hathaway company HomeServices of America purchased Lennar’s Florida Berkshire Hathaway real estate brokerage for an undisclosed sum; Lennar wants to focus on home building.
- Real estate brokerage Collier International South Florida made Ryan Kratz its South Florida market president, based in Miami. Kratz is also president of Colliers’ Southeast region. Former South Florida market leader Ken Krasnow is now the firm’s vice chairman of institutional client services.
- Luxcom Builders purchased 71 acres of waterfront land in the Village of Palmetto Bay from Florida Power & Light for $33 million.
TRANSPORTATION
- Miami-Dade County and the Brazilian post office launched Compra Fora, aimed at dramatically cutting shipping times for cargo flying to Brazil from Miami International Airport by pre-clearing it in Miami. MIA is the only airport the Brazilian government has such an agreement with.
INNOVATION
Rotating X-Ray
Vascular and interventional radiologist Barry Katzen, founder of the Miami Cardiac and Vascular Institute at Baptist Health South Florida, and technology giant Philips debuted an X-ray machine called the Azurion with FlexArm.
Designed for tight spaces, it rotates around an operating table to allow imaging of all parts of a patient’s body without moving the patient.
Read more in our April issue.
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