Tuesday, June 2, 2015

Zagat names Miami-Dade's most anticipated restaurants opening this summer

What's new on the menu for South Florida this summer? Mediterranean cuisine, Asian street food and tacos, says Zagat. The restaurant guide cooked up a list of the 27 most anticipated restaurant openings of the season and here's what they came up with: Nobu Restaurant & Bar, a high-end Japanese chain from Nobu Matsuhisa and Robert DeNiro will open inside the Nobu Hotel at the Eden Roc this summer at 4525 Collins Ave. in Miami Beach. 9beach Fusion Kitchen & Lounge Bar is an Israel-based concept opening…

More on the Miami Brass Trip to the Ooh La La Air Show in Paris. How Much is it Costing Us? Nothin'? by Geniusofdespair

A gaggle of Miami Dade County Brass and Lobbyists are going to the Paris Air Show.

SOLICITATION LETTER:

Solicitation Letter
WHO IS GOING:









BUDGET:
I find the sponsorship most important....Second only to who is going. Water and Sewer Department head? I don't think so. Lobbyists, I think less of that. The motivation is for the lobbyists to underwrite the Mayor and his spouse’s trip to Paris...seems simple to me..”they like Paris in the spring time." Clearly they are motivaated to gain favor with the Mayor/Commissioners.

The sponsors also get to smooze with the mayor and county commissioner’s (Two) unfettered by Press or sunshine etc. The lobbyists write it off on their taxes as a “business expense."

The elected officials all WANT to go to Paris (except maybe Daniella and Zapata ) but all are afraid of getting bad press for spending public $$ on the trip.

Beacon travel costs are underwritten in part by “in-kind” tickets from American Airlines. When Giminez got elected Mayor and the air show was coming up Lopez floated the idea of a fund that would underwrite the MAYOR'S travel expenses.

Starting in 1996 the Paris air show was always attended by Several (many) commissioners and county officials and the airport spent literally hundreds of thousands of dollars on their participation (worthless expenses like a major display and marketing materials much of which was destroyed right after the show.) After one trip which was attended by Steve Spratt (then an administrator with the county) he questioned the expense and lack of ROI (return on investment). The scope of the mission was severely cut back as he cut the airport underwriting of the “junket". No Mayor ever went on the mission, however, Giminez goes.

Giminez's first trip to the air show was when he was first elected a county commissioner. (he also took a side trip after the mission to pick up his new Mercedes in Germany).

Pepe Diaz when he was last ITC chair and was traveling to Asia on a regular basis, the Herald did a series on the ITC”s past trips and it was so bad that Joe Martinez, when he was chair, pulled Pepe from the ITC chair..,,well he’s BACK and going on the trip. Pepe is going to discuss Trade with FRANCE??


SPONSORSHIP:




THE ITINERARY:

Expedia CEO buys pair of Miami Beach condos for $10M

Expedia President and CEO Dara Khosrowshahi and his wife are no doubt well versed in travel, so they most really love Miami Beach after plopping down $9.95 million for a pair of condos in the new 321 Ocean Drive building. Khosrowshahi and wife Sydney Shapiro paid $5.5 million for unit 600 and $4.45 million for unit 601 to developer 321 Ocean Drive LLC, managed by David Arditi. The more expensive unit is 3,277 square feet with 4 bedrooms and 4.5 bathrooms and the other unit is 2,775 square feet with…

Monday, June 1, 2015

Huge money: Price tag of Palm Beach Outlets revealed

The price of the previously announced sale of the Palm Beach Outlets has been revealed in court records as $267.1 million – one of the biggest deals in South Florida this year. The price equates to $581 a square foot for the 460,000-square-foot mall, at 1751 Palm Beach Lakes Blvd. in West Palm Beach. It was built in early 2014 by Palm Beach Mall Holdings, which is the team of New England Development, Eastern Real Estate and Lubert-Adler. The partners recently announced that they had sold the…

West Palm Beach company to buy OM Group unit for $365M

West Palm Beach-based Platform Specialty Products agreed to acquire part of OM Group, with an affiliate of Apollo Global Management getting the rest of the company. Platform Specialty (NYSE: PAH) will pay $365 million in cash for the electronic chemicals and photomasks business of Cleveland-based OM Group (NYSE: OMG). That business line had $28 million in EBITDA in 2014. It expects $20 million in cost synergy opportunities can be reached over two years as Platform Specialty combines the newly acquired…

Sorry Norman Braman: No Cars From You! By Geniusofdespair

We got two cars over the weekend. Because of all the money promised to Marco Rubio, we could not in good conscience buy them from auto tycoon Norman Braman even though they are both a make and model his dealership sells.

Credit rating agency warns Florida could lose standing in budget standoff

Political brinkmanship that has led to a stalemate over the Florida budget could reflect a weakening of state budget management should it continue beyond the end of the fiscal year, Standard & Poor’s Ratings Services says. “A budget standoff that continued past June 30, without appropriations in place for upcoming debt service payments, would be a sign of weak budget management that could pressure our outlook on Florida,” S&P wrote in a May 29 report, adding a caveat that no credit rating…