Stall in national job market hasn't stopped Florida job-stayers from seeing wage growth
While the nationwide job market stalls, Florida job-stayers’ median annual wages grew by 4.7% year-over-year in November even as pay growth slowed nationwide. That’s according to the latest report from HR and payroll solutions company ADP. The report arrives as companies across the U.S. face down hiring challenges amid a labor market in flux. Median annual salaries for job-stayers in Florida this November was $53,100, up from $52,800 in July. More from the Jackonville Business Journal.
Developer eyes ‘catalytic’ development on former Orlando Sentinel downtown site
A potential multi-billion-dollar development is in the early stages of planning on the prominent site of the Orlando Sentinel’s former headquarters, which Mayor Buddy Dyer said would be a catalyst for the downtown economy. The 20-acre property on Orange Avenue at Colonial Drive has sat dormant since the newspaper left it in 2020. The site’s owner, Richard Perez, announced at Dyer’s annual State of Downtown on Tuesday that his Midtown Development is working with a renowned architect to move the site forward. More from the Orlando Sentinel.
As markets shift and collectors change, Art Basel Miami Beach adapts
Art Basel Miami Beach itself is entering a moment of transition. As the fair hits its 23rd year, insiders are asking how its role is shifting amid market volatility and increasing global competition. Gallerists were cautiously optimistic that the market’s slump — what several dubbed “the most difficult year” — may be easing, pointing to strong sales at Art Basel Paris and the November auctions in New York. Still, Art Basel CEO Noah Horowitz says the most notable change isn’t just economic — it’s generational. More from the Miami Herald.
Tiptree shareholders approve $1.65 billion Fortegra sale
Tiptree Inc. said Dec. 3 that its shareholders approved the $1.65 billion sale of The Fortegra Group Inc. to South Korea-based DB Insurance Co. Ltd. The company said in a news release that at a special shareholders meeting, 81% of votes were cast in favor of the sale of Jacksonville-based Fortegra. The specialty insurance company is the largest holding of Connecticut-based Tiptree. More from the Jacksonville Daily Record.
Fort Lauderdale: Galleria megaproject to get expedited approval under Live Local Act
It’s full steam ahead for a controversial redesign of the Galleria mall that calls for nine 30-story towers in a Fort Lauderdale neighborhood just blocks from the beach. City officials say it won’t be long before the city issues a development permit under the Live Local Act, a new state law designed to increase affordable housing throughout Florida. Staff will spend about one month reviewing the project for issues related to urban design and planning, transportation, public works, engineering and public safety. More from the South Florida Sun Sentinel.
Transportation Trends
Tampa Bay Ferry to return, operated by Hubbard’s Marina
A passenger ferry will soon return to the waters of Tampa Bay. On Wednesday, the board of the Pinellas Suncoast Transit Authority voted to approve Hubbard’s Marina, a Madeira Beach business, to operate the revamped ferry service. The board also agreed to purchase at least one new vessel for the service, now called the Tampa Bay Ferry. The votes mean the revival of a ferry that has carried passengers across the bay since 2016, but shuttered abruptly earlier this year amid regional drama.
» More from the Tampa Bay Times.
Florida Trend Exclusive
Learning leadership
As nurses expand further into leadership roles, the need for deeper administrative knowledge increases. This was made especially clear during the COVID-19 pandemic, says Lindsay Wolf, associate dean of nursing at Jacksonville University. To help meet this growing need for expanded knowledge, Jacksonville University began to offer a Master of Science in Nursing degree with a concentration in Leadership in Healthcare Systems. It takes about 18 months to complete.
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