business

The Sunshine Economy
12:30 pm
Wed August 28, 2013

The Sunshine Economy: The High Price of Luxury In South Florida Retail

Credit Tom Hudson

One square foot is not a lot of space. You can fit a pair of shoes in one square foot. But, if you are a luxury retailer at Bal Harbour Shops in Bal Harbour, you sell $2,800 worth of merchandise per square every year. That's six times what the average shopping center generates in the same amount space.

RELATED: The Sunshine Economy: Retail

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The Sunshine Economy
11:59 am
Tue August 27, 2013

The Sunshine Economy: From Water Beds To Today

In the 1970’s it was water beds. In the 1980’s, Keith Koenig sold dinette sets. Now it’s couches and entertainment centers.

Koenig and his brother began what would become City Furniture in 1971. He has seen plenty of cycles in the South Florida economy, as well as how consumer tastes impact his business. Housing booms and housing busts. A growing population. And wicker. Koenig has a unique perspective at the intersection of two industries: real estate and retail. His outlook?  Very positive.

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Business
11:03 am
Fri August 23, 2013

Sawgrass Mills Mall: A Powerhouse Retail Property Expands

According to Sawgrass Mills Mall General Manager, Luanne Lenberg, the mall rents more Smart Cartes than Miami International Airport.
Credit Karen Rundlet

This week, Sawgrass Mills Mall announced that it will add the Jimmy Choo name to its lineup at the Colonnade Outlet Malls.

RELATED: The Sunshine Economy: Retail

Jimmy Choo is a new-to-market retailer.

Business reporter Karen Rundlet visits the mall to find the well documented "suitcase shoppers."

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Media
10:53 am
Tue August 6, 2013

Will 'The New York Times' Be Next To Be Sold?

The New York Times' front page on Tuesday.
NYTimes.com

Originally published on Tue August 6, 2013 10:26 am

  • On 'Morning Edition': NPR's Wendy Kaufman reports on Jeff Bezos
  • On 'Morning Edition': NPR's David Folkenflik talks with Linda Wertheimer about the sale of 'The Washington Post'

After Monday's surprising news that Amazon.com founder Jeff Bezos is buying The Washington Post for $250 million — a deal that came just days after the Boston Globe was sold for $70 million to Boston Red Sox owner John Henry — a question naturally occurs:

Who's next?

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People
10:50 am
Tue August 6, 2013

Jeff Bezos: A Rocket Launched From Miami’s Palmetto High

This undated photo shows Jeff Bezos as a Palmetto Senior High student in Miam-Dadei.
Credit Yearkbook photo/ Palm Echo 1982

When Jeffrey Preston Bezos graduated from Miami Palmetto Senior High in 1982, he had big plans to change the world.

The valedictorian, National Merit Scholar and Silver Knight award winner for science told the Miami Herald he wanted to “build space hotels, amusement parks, yachts and colonies for two or three million people orbiting around the earth.”

Eventually, his grand plan included getting everybody off the blue planet and turning it into a big park of sorts.

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Energy
8:23 am
Tue August 6, 2013

Florida Power & Light Asks To Continue To Collect For Turkey Point Expansion

Steam partly obscures Tower 4 (right) at Florida Power & Light's Turkey Point nuclear plant in Homestead on April 11, 2013.
Credit Marsha Halper / Miami Herald Staff

Five years and more than $650 million into refurbishing and building nuclear reactors, Florida Power & Light officials told regulators Monday that it can’t guarantee what new reactors will cost consumers, when the reactors will deliver energy, or even if it will get a license to finish the job.

Despite the uncertainty, the state’s largest electric company asked regulators to allow it to continue to charge customers to pay for the prospective expansion of the Turkey Point plant on Biscayne Bay in south Miami-Dade County.

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The Sunshine Economy
1:15 pm
Mon August 5, 2013

Video: How A Miami Designer Fashions His Workforce

Designer Rene Ruiz (left) instructs workers on the finer points of dress making.
Credit Tom Hudson

Designing high fashion is an art. So is making those designs into dresses.

Designer Rene Ruiz does both from a low-slung building in Hialeah. His factory is tucked in with furniture makers and hurricane shutters installers. About 50 people work there making dresses for Ruiz's well-heeled clients in South Florida and for his dresses destined for Neiman Marcus stores.

RELATED: The Sunshine Economy: Fashion

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Business
2:19 pm
Fri July 26, 2013

Manufacturing Is At The Heart Of This Growing Broward Medical Business

Workers at New Wave Surgical are paid an hourly rate and offered a full-time employee benefits package. The company is relocating from Coral Springs to a larger facility in Pompano Beach.

New Wave Surgical, a Pompano Beach based company, didn't start out in the manufacturing business.

The founder and president, Ricardo Alexander Gomez, wanted to focus on design and sales of a medical device called D-HELP.

The product helps surgeons clean the lenses of tools used during laparascopic surgeries.

Revenues grew once Gomez and his staff were able to decrease costs of producing the device.

Gomez says revenue is up 1900%.

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Business
6:30 am
Fri July 5, 2013

The Fairy Tale Of A South Florida Home Buyer

When it comes to real estate in South Florida, we can’t pretend it’s anything other than a seller’s market right now.

Prices are climbing and inventory is tight.

If you’re looking for a home or a condo, you’re competing against plenty of buyers who can pay full price and more, in cash.

Miami Herald Business reporter Karen Burkett tracks a South Florida woman who has been trying to become a first time homeowner for two years.

Market forces compelled Ashley Arends to face the reality of property and neighborhoods that was possible.

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Business
3:22 pm
Thu June 27, 2013

U.S. Businessman Trapped By Chinese Workers Is Freed

American Chip Starnes, co-owner of Specialty Medical Supplies, spoke to the media Tuesday from a window at a factory on the outskirts of Beijing.
Andy Wong AP

Originally published on Thu June 27, 2013 2:49 pm

American businessman Chip Starnes finally left his factory in China on Thursday after he and a union negotiator worked out severance payments for Chinese employees.

Starnes had been stuck inside his medical supply parts factory since last Friday. That's when workers, fearing they were all going to be laid off and that the company wasn't going to compensate them fairly, blocked all of the exits out of the plant. Starnes couldn't get out.

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Education, Health Care
12:16 pm
Fri March 29, 2013

Business Group Says Health Care Expansion Threatens Education Funding

Originally published on Fri March 29, 2013 10:25 am

A business advocacy group is running television ads that say Florida might have to cut education funding if the state expands Medicaid health coverage.

The National Federation of Independent Business has also set up a website — FloridaCanDoBetter.com.

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End of the Line
6:34 pm
Mon March 18, 2013

End Of The Line: Postcard From Alabama Jack’s

Betty Whitten is a regular at Alabama Jack’s. She clogs to the music of the Card Sound Machine Band.
Robert Lyle

If you follow U.S. 1 to the very end of the Florida peninsula, veer onto Card Sound Road, and make your way through the mangrove swamps, you’ll find it.  A wooden shanty with a roof but no walls: an open-air bar and restaurant.  It’s the very last place on the U.S. mainland.  And it’s called Alabama Jack’s.

Under the Sun
4:29 pm
Mon March 18, 2013

Episode 4: Second(hand) Chances

Heather Klinker and Jennifer Rousseau at the Give Good Works thrift store in Wynwood
Sammy Mack

Give Good Works, a Wynwood thrift store and charity, gives your old and gently used items a second chance.  However, the point is to give people a second chance.  Jennifer Rousseau, who works at the store, transformed her life with the help of the shop’s founder Heather Klinker.

“A lot of people would have given up on us girls,” said Rousseau. “Heather didn’t. She kept going. She’s a hero to me. I love her.”

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News
9:30 am
Wed October 31, 2012

Several Protest David's Cafe On Miami Beach

Carlos Perez said the group will continue protesting until they recoup their wages.
Credit Melissa Sanchez, El Nuevo Herald

David's Café in Miami Beach is a popular campaign stop for politicians. Now, it's become a site for protest.

A group of former workers claims they are owed about $70,000 in unpaid wages from a satellite location that closed in July.

Carlos Perez was among the protestors outside the main restaurant on Collins Avenue in South Beach Tuesday. He claimed its owners offered to pay a fraction of his original wages.

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Agriculture
11:12 am
Tue October 16, 2012

Agriculture Commissioner Says Industry Needs 'Stable, Legal Workforce'

Starfruit inside Sarasota Jungle Gardens
DeusXFlorida/flickr

Immigration and agriculture go hand in hand.

That's what community and business leaders in Tallahassee recently heard from Florida Agriculture Commissioner Adam Putnam.

He said immigration reform is vital to the health of the state’s agriculture industry

Putnam told the Economic Club of Florida he is concerned the U.S. is losing business to developing countries that have different standards for hiring farm workers.

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