FORT LAUDERDALE / WEST PALM BEACH / BOCA RATON / HOLLYWOOD / PORT ST. LUCIE

NOTABLE QUOTABLE

“The opening of our Palm Beach office is a strategic move that allows us to be even closer to our clients in a market that continues to see tremendous growth.” — Nicolle Austin, COO, Americas, luxury yacht brokerage and charter company Burgess. Burgess already had an office in Miami.

HEALTH CARE

Staffing company All Star Healthcare Solutions is relocating its headquarters to offices in Boca Raton that triple the square footage of its previous base in Deerfield Beach.

REAL ESTATE

GL Homes paid $80 million to developer Minto Communities USA for a 192-acre tract in the Minto-built Westlake city in Palm Beach County, taking GL to 312 acres there. GL plans Silver Lake, a 1,000-unit single-family home community. GL earlier paid $29.4 million for a 120-acre site. Westlake itself is entitled for 4,500 homes and 2 million square feet of commercial space and includes a water park among other recreational facilities.
Related Ross obtained $157 million in construction financing from GoldenTree Asset Management for waterfront condo Shorecrest, a 98-unit West Palm Beach luxury product.
Mumbai-based MICL and Miami-based Admire Capital began pre-sales of the 83 condos forming their Ritz Carlton Residences, Fort Lauderdale Beach, on Bayshore Drive. The two-tower, 13-story project is scheduled for groundbreaking this year. Units start at $2.5 million. Douglas Elliman handles sales.
Miami-based Related Group and Aventura-based BH Group broke ground on their Ritz-Carlton Residences, West Palm Beach, project. It will have 138 condos in a 27-story tower set for completion in 2028. Coastal Construction is overseeing construction.

SERVICES

Crown Linen opened a 50,000-sq.-ft., 150-employee commercial laundry in Pompano Beach to serve hotels in Broward and Palm Beach counties. It already has an operation in Miami as part of its Florida network.

SENIOR LIVING

Michigan-based developer Beztak began construction of All Seasons Delray Beach, a 153-unit senior living facility, scheduled for completion in 2028.

AVIATION

Miramar-based after-market aviation distribution and repair company VSE Corp. will pay $2 billion in cash and equity to acquire Atlanta-based Precision Aviation Group, a 1,000-employee company that will take VSE to 60 locations globally and increase revenue by half.

BANKRUPTCY

Golf legend Jack Nicklaus and TWG Global formed a group that paid $35.7 million to acquire, in a bankruptcy court proceeding, the businesses of Palm Beach Gardens-based Nicklaus Cos., which he founded a half century ago. Nicklaus had previously sued Nicklaus Cos. for defamation.

WASTE

WM, formerly known as Waste Management, opened a $90-million recycling plant in Pembroke Pines, its largest plant company-wide with a capacity of 276,000 tons per year and 60-plus tons per hour. WM says it’s investing $1.4 billion in 39 new and upgraded recycling facilities.

RESEARCH

Florida Atlantic University won $4 million in separate federal awards for research involving defense, semiconductor workforce development and neurological disease.

FINANCIAL

Cooper City-based BrightStar Credit Union appointed Stephanie Huddleston as COO. Her resume includes First Mountain Bank, Valley Bank and Trust, Premier Members Credit Union and UNIFY Financial Credit Union.

TRANSPORTATION

The Florida Legislature renamed Palm Beach International Airport to President Donald J. Trump International Airport and set aside $5.5 million to cover renaming costs.
Dania Beach-based Spirit Airlines, working its way through its second bankruptcy court reorganization, recalled 500 flight attendants and proposed selling 20 planes.
Las Vegas-based Allegiant Air added routes from Fort Lauderdale-Hollywood International Airport to Chattanooga, Rockford, Ill., Rochester, N.Y., Albany, N.Y., and Trenton, N.J., while Utah-based Breeze added routes to Tallahassee, Jacksonville, Tampa, Birmingham, Ala., Charleston, S.C., Greenville-Spartanburg, S.C., Salisbury, Md., and Wilkes-Barre/Scranton, Pa.

The Two Towers

Developer Jeff Greene says he will complete his One West Palm residential, hotel and office project by year-end 2027. He agreed to pay the city $5 million if he misses the deadline. It includes 186 residences in two towers, 200,000 square feet of offices and a 200-room hotel.