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- W.R. Grace plans to expand pharmaceutical business with $570 million acquisition
W. R. Grace & Co. plans to expand its pharmaceutical manufacturing with the acquisition of Fine Chemistry Services, a division of a Charlotte, North CarolinaN.C.,-based chemical manufacturer, for $570 million.
- GMU picks development team for its Amazon-inspired Arlington campus expansion
George Mason University has picked a team of developers to manage the construction of the Amazon-induced expansion of its Arlington campus. The university announced late Thursday that it plans to begin exclusive negotiations with a team led by Edgemoor Infrastructure & Real Estate and Harrison Street, dubbed Mason Innovation Partners.
- Costco to increase starting hourly wage to $16; end hazard pay
Costco will increase its starting wage to $16 an hour passing competitors, including Amazon, Target and Best Buy, which have $15 minimum wages.
- Amazon Signs 1M SF Distribution Center in Calif.
Amazon has filled yet another major order. The king of online sales signed a lease for a 1-million-square-foot distribution center in Central California. It will be the anchor tenant at one of the largest industrial commerce complexes in the Western U.S., according to the landlord, Wonderful Real Estate Company. The
- AT&T, TPG teaming up to form new U.S. video unit in roughly $16B deal
AT&T is teaming up with TPG to form a new U.S. video business that values it more than $16 billion. The Dallas-based telecommunications company and TPG Capital have signed a deal in which they will establish a new company that will operate AT&T’s domestic video business unit, holding DirecTV, AT&T
- It’s final. Miami commissioners approve eco-adventure plan, hotel for Jungle Island.
The operators of Jungle Island got the final go-ahead from city commissioners Thursday to build a hotel and a series of recreational features designed to improve the long-struggling attraction’s fortunes … Click to Continue »
- Cushman reports 10% drop in revenue in 2020
The fourth quarter of 2020 was another tough one for Cushman & Wakefield, putting an end to a tough year for the commercial real estate giant. Cushman reported a net loss of $27.3 million in the fourth quarter, its third consecutive quarterly loss in 2020. Quarterly revenue was $2.3 billion,
- Cushman reports 10% drop in revenue in 2020
Cushman & Wakefield CEO Brett White The fourth quarter of 2020 was another tough one for Cushman & Wakefield, putting an end to a tough year for the commercial real estate giant. Cushman reported a net loss of $27.3 million in the fourth quarter, its third consecutive quarterly loss in
- Cushman reports 10% drop in revenue in 2020
Cushman & Wakefield CEO Brett White The fourth quarter of 2020 was another tough one for Cushman & Wakefield, putting an end to a tough year for the commercial real estate giant. Cushman reported a net loss of $27.3 million in the fourth quarter, its third consecutive quarterly loss in
- 2021 Businesswoman of the Year: How board of trustees Chair Beverly Seay set the path to strengthen UCF after misused funding scandal
She assumed the role of chair about a year and a half ago, moving quickly to help the university recover from controversy and a leadership shakeup.
- W.R. Grace to expand pharma portfolio with $570M acquisition
The acquisition will add to W.R. Grace’s fast-growing pharmaceuticals portfolio.
- Maryland lawmakers continue to weigh details of legal sports betting
Halfway through the General Assembly session, Maryland lawmakers are still working out how, exactly, to set up a new sports gambling industry in the state.
- Florida Republican flips vote on bill to provide protections for LGBTQ people
U.S. Rep. Mario Diaz-Balart voted against the Equality Act, a bill that would prohibit discrimination based on gender identity and sexual orientation by amending the Civil Rights Act of 1964 and the Fair Housing Act to explicitly include new protections.
- Inside the List: Dealerships discuss how to successfully make online sales
When much of the traditional car-buying experience is tied to in-person interactions, how can dealerships close the deal?
- From the Editor-in-Chief: Business Journal goes to the movies
This week’s special section highlights the innovative ways these companies inspire employees to remain engaged, despite the challenges wrought by the ongoing health crisis.
- Learn more about SFBJ’s 2021 Best Places to Work: Large Company honorees
These are companies based in the tri-county area that employ 100 people or more.
- Learn more about SFBJ’s 2021 Best Places to Work: Medium Company honorees
The 2021 Best Places to Work honorees were celebrated at a drive-in event at Signature Grand in Davie.
- Learn more about SFBJ’s 2021 Best Places to Work: Small Company honorees
As companies navigate this new normal, one reality will not change: being an employer people want to work for is a continuous process.
- Making Lemonade: Don Lemon breaks even on Harlem condo sale
Something is better than nothing, particularly after the year Manhattan’s residential real estate market had in 2020. CNN anchor Don Lemon sold his two-bedroom condo in Harlem for around $1.53 million, according to Douglas Elliman. The sale closed on Thursday, with Lemon coming out slightly ahead; the final sale price
- Women Who Mean Business: 20 examples of why Central Florida is thriving
The honorees showed great leadership in their respective industries and are among the driving forces behind a number of community efforts.
- 80 Percent of Brooklyn Small Businesses Lost Revenue Last Year
The vast majority of small businesses around Brooklyn lost revenue last year — with a good chunk losing more than half their income — as the coronavirus pandemic ripped through the city, a new survey found. A survey by the Brooklyn Chamber of Commerce of 166 small businesses in the
- Manhattan prosecutor gets Trump tax records after long fight
A New York prosecutor has obtained copies of Donald Trump’s tax records after the Supreme Court this week rejected the former president’s last-ditch effort to prevent them from being handed… To view the full story, click the title link.
- L.A. suburbs looking at a boom year as city dwellers move out
A year into the coronavirus crisis, Los Angeles city dwellers are asking themselves whether urban living is worth the cost.
- South Florida construction starts fall in January
(iStock) South Florida construction began the new year slowly with new starts falling in January by double-digits, year over year, according to a recently released report. Total construction starts fell 21 percent to $863.6 million in January. Residential construction fell 24 percent, to $573.3 million. Nonresidential fell 15 percent to
- Airbnb’s losses balloon to $4.6B in 2020
Airbnb CEO Brian Chesky (Getty) Despite the luster of its eye-popping IPO, Airbnb reported a $4.6 billion net loss in 2020 in its first earnings report as a public company. The hospitality startup, which is banking on a travel rebound, generated $3.4 billion in revenue last year, a 30 percent