Miami Real Estate News

Business

Federal billions to push small business lending come up short 1:00 AM EST

Carl Calhoun makes mattresses for a living, but lately he's been enduring more than his share of sleepless nights.<p/> As the president and CEO of the Body Rest Mattress in St. Petersburg, Calhoun and his wife, Emma, are struggling to keep their 28-year-old company from becoming another casualty of the Great Recession.

Disney agrees to sell Miramax Films to investor group led by Ron Tutor 1:00 AM EST

After months of negotiations with various buyers that failed to bear fruit, Walt Disney Co. finally agreed to sell its Miramax Films unit in a deal that severs the independent movie pioneer's 17-year association with the Burbank studio.

Miami-based TotalBank reports $1.8 million loss 1:00 AM EST

TotalBank on Friday reported a second-quarter net loss of $1.8 million, compared with a first-quarter loss of $15.7 million and a loss of $136,000 in the second quarter of 2009. The Miami-based bank said its focus for the first half of this year has been boosting asset quality and fortifying capital, accomplished through a $50 million capital infusion in the first quarter and a $95 million reduction in nonperforming loans during the first half of the year.

With Heat season tickets sold out, team fires season ticket sales staff 2:19 PM EST

With the arrival of Lebron James, the Miami Heat rapidly sold out all their season tickets. That turned out to be bad news for the ticket-sales staff, which was fired Friday.

Vegas company has modest proposal for air travelers 1:00 AM EST

A Las Vegas-based website is trying to make money off the latest airport security irritant, full-body scanners.<p/> The concept comes from burlesque: Pasties. For prices starting at $9.99, the modest can use the rubbery stick-ons to cover body parts they'd prefer to keep away from the prying eyes of security officers.

Feds close two Florida banks 1:00 AM EST

Two Florida banks were shut down by regulators Friday and sold to Centennial Bank of Conway, Arkansas.<p/> Bayside Savings Bank, of Port Saint Joe and Coastal Community Bank of Panama City Beach were closed by federal and state banking agencies, which appointed the Federal Deposit Insurance Corp. as receiver. The FDIC, in turn, sold them to Centennial Bank.

Miami Heat fires sales team after season tickets sell out 2:00 PM EST

The Miami Heat easily sold out its season tickets after LeBron James announced he was joining the team. That turned out to be bad news for the ticket-sales staff, which the Heat fired Friday.<p/> The Miami Heat easily sold out its season tickets after LeBron James announced he was joining the team. That turned out to be bad news for the ticket-sales staff, which the Heat fired Friday.

Miami-Dade, Broward businesses eligible for oil spill disaster loans 1:00 AM EST

Broward and Miami-Dade counties have been added to the list of those eligible for federal disaster loans due to losses from the BP oil spill. Under the program, the Small Business Administration is offering working capital loans up to $2 million at 3 percent interest for nonprofit organizations and 4 percent for businesses with terms up to 30 years.

Work perk: Some offices allow early exit on Fridays 1:00 AM EST

Summertime and the living is easier -- at least in some Miami offices.<p/> Summer Fridays, the traditional long weekends in New York publishing houses, have trickled down to Miami in the past decade, especially in the advertising and public relations fields.

More restaurants add `Miami Spice' to the menu 2:00 AM EST

When the economy was booming, some of Miami's higher-end restaurants didn't see the benefit of Miami Spice's discount dining. Others participated but didn't readily promote the menu. They saw no need to cater to bargain-hunters.