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Daily Business Review

$49M Miami Beach Hotel Sale Signals Investor Confidence in Hospitality Sector

"We have witnessed the hospitality industry's evolution in the last 24 months, demonstrating that consumers are drawn to destination experiences and prime markets that are undergoing a major transformation, like Miami Beach," said Todd Rosenberg, managing principal and co-founder of Pebb Capital.
3 minute read

Daily Business Review

Veteran Developers Secure $65M Loan for Construction of Luxury Miami Residences

The loan comes at a time when residences are expected to be fitted with state-of-the-art amenities to accommodate newcomers.
3 minute read

Daily Business Review

Musk Twitter Bid Counts Secretive $5B Fund Among Backers

Elon Musk's bid for Twitter attracted a bevy of big-name backers and Silicon Valley mainstays, but there were some notable exceptions.
5 minute read

Daily Business Review

Miami Judge Approves $13M Increase to Property Loss Settlement for Champlain Towers South Unit Owners

"It's not being raised over $96 million," said Judge Michael Hanzman in court.
4 minute read

Daily Business Review

A-Rod Invests in Fight Promoter PFL, Joins Board of Directors

Alex Rodriguez has put his money behind all kinds of ventures since transitioning away from baseball and into investment.
3 minute read

Daily Business Review

Flight Attendants' Union Supports Frontier-Spirit Merger

The Association of Flight Attendants, which represents crews at both airlines, said the agreement with Frontier covers job, seniority, and contract protections.
2 minute read

Daily Business Review

'From the Ashes of Calamity': Lawyers React to Swift $997 Million Resolution of Surfside Condo Collapse Litigation

"Next time you hear someone disparage our profession, it is worth remembering some of the exceptional work done here."
8 minute read

Daily Business Review

Trump Sells Washington Hotel to Miami-Based Investor Group

CGI Merchant Group of Miami planned to remove the Trump name from the facade and rebrand the hotel a Waldorf Astoria.
2 minute read

Daily Business Review

Pfizer to Spend $11.6B on Migraine Treatment Maker Biohaven

Pfizer is starting to put its COVID-19 cash influx to use to venture deeper into a new treatment area.
3 minute read

Daily Business Review

Microsoft Has $1.3 Billion at Stake for Combat Goggles

Microsoft aims to develop a "heads-up display" for U.S. ground forces, similar to those for fighter pilots.
3 minute read

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