May 18, 2024

Monday's Daily Pulse

What you need to know about Florida today

| 2/5/2024

› Can you lose your home when you lose a court case? Why Miami’s Joe Carollo faces seizure
Miami City Commissioner Joe Carollo may be out of legal luck if he hopes to keep his Coconut Grove residence. Both his house and personal belongings are up for grabs as he faces the reality of paying a $63.5 million judgment won last year by two Little Havana businessmen who accused him of trying to destroy their livelihood by siccing Miami code enforcement officers on their Ball & Chain restaurant and club.

› Jacksonville-based homebuilder to expand to South Carolina, Tennessee markets
Dream Finders Homes will expand into markets in South Carolina and Tennessee with the acquisition of a private homebuilder. The Jacksonville-based company acquired Crescent Ventures LLC, a private company that builds single-family homes in Charleston and Greenville, South Carolina, and Nashville, Tennessee. Through the transaction, Dream Finders Homes received 457 homesites in varying stages of construction, a sales order backlog of about 460 homes and 6,200 lots, according to a press release.

› Tampa Bay's biggest tech deal spun off start-ups on the move
Arnie Bellini, the Tampa magnate, answers the phone for an interview and says its coincidental timing — he just hung up from a call discussing a multi-million-dollar deal. It’s official: Bellini’s short-lived retirement is over. In a watershed 2019 deal, Bellini sold ConnectWise, the managed service provider he co-founded with his brother, to Silicon Valley private equity firm Thoma Bravo for more than $1 billion. The deal created 70 millionaires overnight.

› Zoning board rejects medical-marijuana site near Orlando’s College Park
A medical-marijuana dispensary needing permission to set up shop on Edgewater Drive will have to appeal or find another location after a zoning board said no, siding with College Park neighbors and Orange County’s school board chair. The Plants of Ruskin, a Tampa-area firm which owns cannabis company MÜV, sought a variance to bypass state law and an Orange County rule forbidding a medical-marijuana dispensary from operating within 500 feet of a school property.

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