BRINY BREEZES residents of the 43-acre, 488-unit mobile home park, with frontage along both the Intracoastal Waterway and Atlantic Ocean, had a meeting on Wednesday where they were to learn the identity of the bidder willing to pay at least $500 million for their property. The board of directors and attorneys, however, were unable to […]
Seminole Tribe Buying Hard Rock Cafe Business for $965 Million
The Seminole Tribe of Florida is buying the Hard Rock business, including its massive collection of rock ‘n’ roll memorabilia, in a $965 million deal with British casino and hotel company Rank Group PLC, the tribe announced Thursday. The Hard Rock business includes 124 Hard Rock Cafes, four Hard Rock Hotels, two Hard Rock Casino […]
Citizens delays vote on 55 percent insurance rate increase
The state’s insurer of last resort decided Thursday to delay a vote on whether to increase its homeowners rates by an average of 55 percent, following requests from lawmakers to defer its action until after a special legislative session next month. The decision by Citizens Property Insurance Corp.’s board of governors means a reprieve at […]
Rates Drop, Home Loan Applications Soar
Overall mortgage application volume increased 8.1 percent last week on a seasonally adjusted basis from the week before, inspired by a significant drop in interest rates, the Mortgage Bankers Association reported today. The seasonally adjusted refinance index increased by 13.7 percent to 1,989.7 from 1,749.6 the previous week, and the purchase index increased by 4.9 […]
Wild Florida Preserved in Boca Raton
Boca Raton is planning a March opening for a 24-acre recreational park area between Palmetto Park Road and Camino Real, has been pushed back from January until March, when visitors are likely to come across gopher tortoises moved there from a tract next door. Damage from the past three hurricanes has postponed Blazing Star Preserve’s […]
Biotech is Drawn to South Florida
A 25-member delegation of Swiss scientists, corporate executives and government officials will visit South Florida next week, seeking to establish life science collaborations with Scripps Florida, the University of Miami and Florida Atlantic University. The visit, which reciprocates for a science and technology mission Gov. Jeb Bush led to Germany and Switzerland last year, is […]
Walgreens Offers Park to Move into Loggers Run
West Boca Raton Loggers’ Run may turn to a pharmacy to build a park. Walgreens plans to build an 8-acre park for West Boca Raton Loggers’ Run homeowners if they let the retailer build a store on 2 acres set aside for a park. The rent also would help West Boca Raton Loggers’ Run pay […]
Wind Driving Jelly Fish onto Beaches, Residents Advised to Take Extra Care
Shiny blue and gelatinous, the Portuguese man-of-war is once again washing up on South Florida beaches by the dozens. They look so pretty, they can be alluring to small children — like small blue balloons. Strong easterly winds this week have driven the jellyfish onshore, with purple flags flying from Boca Raton to Juno Beach.
Change Rules for Citizens During Insurance Session
On Wednesday, Floridians learned that in January the Legislature will hold a special session on insurance. Last week, Floridians heard what one of the items on that session’s agenda should be. Bruce Douglas, the unpaid board chairman of Citizens Property Insurance Corp., said in an interview with The St. Petersburg Times that rates for the […]
HUD Announces Grants for Construction Training
Housing and Urban Development Secretary Alphonso Jackson today announced $45.5 million in grants to assist students aged 16-24 in earning a high school diploma and receiving job training for the construction trades. These Youthbuild grants are expected to be offered to about 3,075 students and will support the construction of 702 homes for low-income families […]
