Journalism Industry News
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Miami hospitality and tourism group CEO to retire - South Florida Business Journal
Wendy Kallergis will retire as GMBHA president and CEO on Dec. 31. Curtis Crider appointed co-CEO to assist with leadership transition. Kallergis led GMBHA through COVID-19 and Zika virus challenges. The Greater Miami and the Beaches Hotel…
Six major projects eyed to increase space launches - Orlando Business Journal
State aerospace leaders have outlined major upgrades around Cape Canaveral as they look to build on this year's record number of launches, which were boosted Nov. 11 by the liftoff of two Falcon 9 rockets. Space Florida officials think six…
Billionaire Paul Singer's Elliott invests $5B in Honeywell - South Florida Business Journal
Elliott Investment Management acquired a $5 billion stake in Honeywell. Elliott urges Honeywell to split aerospace and automation divisions. Elliott predicts share price increase of 51% to 75% in two years. Elliott Investment Management, a hedge…
MassMutual CFO to retire after 30 years with company - Boston Business Journal
Springfield-based MassMutual said its CFO is retiring at the end of the year after 30 years with the insurance giant, and will be replaced with a top executive out of a nonprofit financial services firm out of the Midwest. Betsy Ward has served as…
Electric Daisy Carnival ignites Orlando business boom - Orlando Business Journal
Electric Daisy Carnival (EDC) attendees descended upon Orlando over the weekend, bringing in 100,000 people per day to spend an estimated $130 million. The festivalgoers spent money on hotels — downtown hotels were fully booked and demanding…
Longtime family-owned contractor files for bankruptcy - South Florida Business Journal
Firepak Inc. filed for Chapter 11 bankruptcy Nov. 7. The company has over $2.4 million in debts. Firepak intends to continue operating while restructuring. A 51-year-old family-owned company in South Florida has filed for bankruptcy. Miami-based…
Hong Kong reporter says she'll sue Wall Street Journal for dismissal because of her union role
HONG KONG -- A former Hong Kong reporter of The Wall Street Journal on Tuesday said she'll sue the publication for sacking her because she joined a trade union. Selina Cheng lost her job in July after a senior editor told her that her position was…
Broward business owner convicted in $100M Ponzi scheme - South Florida Business Journal
Sanjay Singh of Royal Bengal Logistics was found guilty of fraud tied to a multimillion-dollar Ponzi scheme. Singh targeted 1,500 investors, primarily Haitian Americans, with fraudulent securities. Singh faces up to 150 years in prison at his…
Orlando stadium, arena upgrades worth $626M+ get key approval - Orlando Business Journal
Orlando City Council approved key steps for more than $626 million in projects for two of its most prominent event venues. The council unanimously approved agreements with Orange County to use tourist development tax proceeds to fund the upgrades…
How affordable is Wichita? Here's how our costs compare. - Wichita Business Journal
Inflation has been a constant pain point for businesses and consumers since the pandemic recovery ramped up, and no metro has been immune. Wichita, though, has maintained its steely reputation for affordability. That's according to a Business…
Surf Club developer nabs $111M construction loan - South Florida Business Journal
An 11-story condo proposed at 8995 Collins Ave., Surfside. Expand to read more By Brian Bandell – Real Estate Editor, South Florida Business Journal Fort Partners secured a $110.7 million loan for Surfside condo. The Surf House will feature…
West Palm Beach apartments sold for $17 million - South Florida Business Journal
Aviara Green apartments sold for $17 million to PSL Holdco LLC. The buyer assumed a $10.11 million mortgage from Transamerica. Aviara Green, built in 2022, is 95% occupied. The Aviara Green apartments near West Palm Beach sold for $17 million to a…
19 Orlando companies named to 2024 GrowFL watch list - Orlando Business Journal
The Orlando area landed 19 companies from four counties on the 2024 GrowFL finalist list of Florida Companies to Watch. Companies to Watch recognizes high-performing, second-stage companies in a range of industries that demonstrate impressive…
Verizon reportedly signs largest Downtown Manhattan lease of Q3 - New York Business Journal
Telecommunications company Verizon Communication Inc. appears to have signed the biggest lease in Downtown Manhattan last quarter. Verizon (NYSE: VZ) renewed its lease for 173,000 square feet for a data center at Hudson Interxchange, a…
17 Miami Michelin Bib Gourmand spots: Asian, Mediterranean & more - South Florida Business Journal
Seventeen Miami-Dade County restaurants currently hold the Michelin Guide's Bib Gourmand distinction, further establishing the area's growing reputation as a world-class culinary destination. In the Michelin system, a Bib Gourmand rating signifies…
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