November 21, 2019

Southeast Florida Roundup

A Florida market for crafts from India

Mike Vogel | 4/26/2019

PHILANTHROPY

  • Chef Emeril Lagasse and his Emeril Lagasse Foundation raised $800,000 at its third annual Line, Vine & Dine fishing tournament in Fort Lauderdale for the foundation and two organizations devoted to training young people with developmental disorders, Arc Culinary and Dan Marino Foundation.
  • Quantum Foundation donated $143,136 to provide clinical patient simulators to 20 low-income middle and high schools in Palm Beach County’s Medical Sciences Career Academies, part of $1 million in grants to 14 local organizations. Students will get experience toward becoming licensed or certified health-care providers.

FINANCE

  • A group of Broward bankers led by CEO Joe Dorsey, previously COO for Community Bank of Broward before its acquisition by Stonegate Bank, is forming Coastal Community Bank, headquartered in Hollywood, the first new Broward-based bank in a decade.

REAL ESTATE

  • Luxury home builder Toll Brothers promoted Southeast Florida Division Vice President Fred Pfister in Boca Raton to division president.
  • A joint venture of Deerfield Beach-based general contractor RCC Associates and Fort Lauderdale-based general contractor Gulf Building will be the general contractor for the $25-million renovation of the Parker Playhouse in Fort Lauderdale.

HEALTH CARE

  • Florida Atlantic University opened its first university-run primary care doctor practice near Boca Raton Regional Hospital.

ECONOMIC DEVELOPMENT

  • Three South Florida chambers of commerce launched the South Florida Business Council to work on regional solutions to issues including traffic congestion. The chair of the new council is Christine Barney, CEO of rbb Communications, from the Greater Miami Chamber of Commerce; the chairperson-elect is attorney and former Fort Lauderdale Mayor Jack Seiler of the Greater Fort Lauderdale Chamber; and the chairperson-elect designee is attorney Joseph Chase of the Chamber of Commerce of the Palm Beaches. Each chamber put up $10,000 to fund council operations and sends three representatives to the council, whose leadership alternates each year. The first task of the council is forming a mutual-aid agreement for service to chamber members in the event of disaster.

TECHNOLOGY

  • An investor group led by San Francisco-based Hellman & Friedman and including Blackstone, GIC, JMI Equity and the Canada Pension Plan Investment Board will acquire Weston-based human resources software company Ultimate Software in an $11-billion deal that takes the 5,144-employee company private. Founder and CEO Scott Scherr will remain CEO of the $1.1-billion company, which will remain in Weston.
  • Beacon Pharmaceutical plans to build up to a 200,000-sq.-ft. life sciences accelerator and biologics facility in Jupiter in about a year. The facility will support up to 50 early-stage companies in which it plans to invest.

     

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