August 12, 2022

Friday's Daily Pulse

What you need to know about Florida today

| 6/24/2022

Judge gives final approval to ‘remarkable’ $1 billion Surfside condo collapse settlement

One day before the one-year anniversary of the Surfside condominium collapse that killed 98 people, Miami-Dade Circuit Court Judge Michael Hanzman made his deadline and gave final approval to a $1 billion settlement of the second-largest class-action lawsuit in Florida history, which he praised in court on Thursday as “remarkable not only in terms of its size but for its speed.” More from WESH and the Miami Herald.

Business BeatBusiness Beat - Week of June 24th

Get top news-to-know with Florida Trend's headline-focused video newsbrief, hosted by digital content specialist Aimée Alexander.

State of the market: Sales slow, prices rise as real estate market starts to shift

Closed sales have gone down in Florida, with more inventory coming back to the market, signaling a potential shift in what has been a two-year housing boom. “There is definitely a slow down, “said Patty Da Silva, real estate broker with Green Realty Properties in Cooper City. “It’s palpable. We have less visits and less offers. We don’t know if that means buyers are taking a little break or if this regrouping is part of a larger trend.” [Source: South Florida Sun-Sentinel]

Ken Griffin moving hedge fund headquarters from Chicago to Miami

Billionaire hedge fund manager Ken Griffin is moving his company’s headquarters from Chicago to Miami. In a note to employees Thursday, Griffin said his investment firm, Citadel, will relocate to new headquarters in Miami’s financial district after more than 30 years in Chicago. Citadel, which has about 1,000 employees in Chicago, will maintain an office in the city, but many are expected to shift with the corporate locus to the Sunshine State, where Griffin, a Florida native, recently moved with his family. More from the  Chicago Tribune and the Wall Street Journal.

Darden Restaurants raises prices but keeps hikes below inflation rate

It’s costing diners more to eat at Olive Garden and other Darden Restaurants chains, but the Orlando-based company says it’s not raising prices to match inflation completely. The company said it was hit with 7.5% inflation during the quarter ending May 29. It raised prices an average of 6% as the business continued its strategy of strengthening its “value leadership position,” said CFO Raj Vennam during an earnings call Thursday. [Source: Orlando Sentinel]

ALSO AROUND FLORIDA:

› ‘I wanted to do more.’ Miami trauma surgeon went to Ukraine to work on war victims
A woman whose arm and leg were shattered from mine-like projectiles shot into her apartment. A young man whose face was nearly blown away by a rocket-propelled grenade. A man whose chest and liver were obliterated from a missile strike. These were among the cases that Dr. Enrique Ginzburg, trauma medical director at Jackson South Ryder Trauma Center, encountered on his recent trip to Ukraine, where he worked side by side with local physicians performing complex surgeries on victims of Russia’s invasion of the Eastern European country.

› Florida steakhouse says he's become a full-time chef who cooks 200 steaks a day due to the pressures of the labor shortage
A shortfall in staff at a Florida steakhouse has forced the owner to become a full-time chef in charge of cooking around 200 steaks a day. Jay Johnson, owner of Bubba's Roadhouse and Saloon in Cape Coral, told Insider in an interview that he's working eight-hour shifts seven days a week to cover for the gaps in his workforce. There should be 12 people working in the kitchen, but there are only nine.

› FAMU Marching 100 performs in Louis Vuitton Men’s Paris Fashion Show
FAMU’s Marching 100 performed in Paris during the Louis Vuitton Fashion Show on Thursday. Benji B, music director at Louis Vuitton Men’s, said this year’s show called for a marching band, and FAMU was an easy choice. “Authenticity is really at the center of everything we’re interested in,” Benji B said, according to a university press release. “We don’t reference things or emulate things. We go to the top, and that’s why we came to you.”

› Fraz Ahmed sworn in as new JBA president
Jacksonville Bar Association President Michael Fox Orr called the final meeting of the association’s 2021-22 Bar year to order June 15 at the Marriott Jacksonville Downtown. Orr presented the annual Professionalism Award to Kelli Lueckert, assistant county attorney for the Clay County Board of Commissioners and president of the Jacksonville Women Lawyer Association.

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Florida Trend Video Pick

Rays pitcher JP Feyereisen encourages Tampa Bay area kids to read
Rays pitcher JP Feyereisen encourages Tampa Bay area kids to read

Rays pitcher JP Feyereisen reads with kids at the Largo Public Library as part of the "Reading with the Rays" program. The event hits close to home for Feyereisen, who went to school to be a teacher and plans to become a teacher and coach once his baseball career is over.

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