Southeast Florida Roundup
The Art of Play
Kevin Daniels and Jimi Dennison share a love of the “flow arts” — a mix of skills and creative expression. Think of juggling meets dance. In 2010, they founded Fun in Motion Toys to bring “movement-inspired” toys to the world. The company’s Shashibo — a magnetic puzzle box that can be flipped and folded into a variety of shapes — hit No. 1 among best-selling toys on Amazon a couple years back and still regularly makes Amazon’s top toy sales list. Other company toys include light-up spinballs, which are whirled around to create visual effects, and a glowing wand that appears to levitate when it’s twirled around. The company employs nearly 30, most of them at its Dania Beach headquarters. It sells through general and specialty retailers and from its own website. Revenue by 2022 had grown nearly 2,000% in three years.
- Memorial Healthcare System paid $49 million for a 155,000-sq.-ft. building on an eight-acre site at Hollywood Boulevard and State Road 7 just east of Florida’s Turnpike in Hollywood. The system is considering a wellness hub at the site. Construction is at least two to three years away.
- Jupiter Medical Center received Jupiter town approval for a $110-million, five-story, 92-bed patient tower and an 800-space parking deck. Completion is scheduled for May 2025. The hospital’s current capacity is 248 beds.
- Broward College was honored as one of 10 finalists for the 2023 Aspen Prize for Community College Excellence in recognition of its transfer partnerships with Florida Atlantic University and Florida International University and for its work in the community.
- Indian River State College and MxV Rail, a research and engineering subsidiary of the Washington, D.C.-based Association of American Railroads, agreed to develop programs for responding to hazardous material incidents and establishing pathways to railroad careers.
- Vitamin and supplement gummy maker GummyWorks leased a new warehouse where it plans to employ 350 in Airport Logistics Park adjacent to Palm Beach International Airport in West Palm Beach. Colliers represented landlord McCraney Property. SVN Safe Haven Advisors represented GummyWorks, a subsidiary of Boston-based SLS Ventures.
- Aventura-based BH Group and Boca Raton-based Pebb Enterprises paid $104 million to acquire the 650,000-sq.-ft., 29- acre Office Depot headquarters campus in Boca Raton. Office Depot leased back 285,000 square feet. Berkadia arranged a $63 million loan for the purchase.
- Real estate firm Compass opened offices in Weston and Jupiter, adding to offices in Palm Beach and Boca Raton.
- El-Ad National Properties plans a 2.8-million-sq.-ft., mixed-use project called The District in Davie that will include 1,256 rental units in five, 20- to 24-story towers constructed in three phases, the first of which is scheduled for completion in 2025.
- Fort Lauderdale-based OceanLand Investments broke ground on a 100-unit condo project called Sixth & Rio overlooking the New River. Prices range from $900,000 to approximately $2.5 million, with completion scheduled for early 2025.
- A majority of Palm Beach County commissioners approved a deal in which GL Homes would swap 1,600 acres in the Loxahatchee area, build a water treatment facility and provide land for farming, a park, a Jewish school, a synagogue and senior housing in return for the right to build 1,000 luxury homes and 277 workforce homes on 682 acres in the county Agricultural Reserve area.
Florida health coverage rate is better but still lags most of the U.S.
Numerous Florida college rankings drop under new U.S. News methodology