In Florida, Medical Marijuana Companies
Battle For Dominance
Liberty Health Sciences is on track to open five new medical marijuana dispensaries — or, as the company calls them, “cannabis education centers” — in Florida by the end of the year, adding to the seven it has already established here.
It is far from alone. Several players are in quick-expansion mode and competing for market share as the state has now set rules and issued 14 licenses following the legalization of medical marijuana in 2016.
“There's a race,” said George Scorsis, CEO of Liberty Health Sciences, one of just 14 providers allowed in the state. "But there are also two points of hindrances. One, capital, and two, who really has the knowledge and know-how."
Although marijuana…
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Frank Stronach, Billionaire Owner of U.S. Racetracks, In Family Feud With CEO Daughter
The billionaire who has long run Gulfstream Park and other racetracks across North America is suing his daughter over mismanagement of the family's assets. His son is suing her, too.
Now 86, Frank Stronach grew up in Austria during Nazi rule, then emigrated to Canada, where he started Magna International, an auto parts company, and began accumulating wealth. He branched into breeding horses and acquiring racetracks, including Gulfstream Park in Hallandale…
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Beyond The Bio: 16 Questions With BH3 Co-Founder Greg Freedman
This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.
Greg Freedman was born to be a driver. The vehicle doesn't matter so much — he is happy behind the wheel of a car, a motorcycle or an ATV on scenic routes and fast tracks alike. When he thinks no one is watching, he is even known to hop on forklifts at construction sites.
He is a driver in the boardroom, too, as co-founder of BH3, a national development firm.
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New Luxury Apartments Mark Transformation of Hallandale Beach
Hallandale Beach has traditionally been a sleepy oceanfront city known for its annual influx of French Canadians, a couple of casinos and some trailer parks.
But change is here, as evidenced by ArtSquare at Hallandale Beach, a new luxury apartment…
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Carlyle Raises $540M For European Fund After Long, Hard Road To Recovery
Private equity giant Carlyle has raised €478M ($541M) for a new European real estate fund, its first on the continent since before the financial crisis.
Results for the Washington, D.C.-based firm founded by David Rubenstein, Bill Conway and Daniel D'Aniello show that it raised €269M for the Carlyle Europe Realty Fund during the third quarter, taking it close to its equity target of €500M.
Completing an equity raising for a European real estate fund will be a big moment for Carlyle. It is a giant in the worlds of corporate buyouts and U.S. real estate. In September it raised its largest-ever U.S. property fund, the $5.5B Carlyle Realty Partners VIII.
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Office Developers Balancing Existing, Future Parking Needs
With the advent of autonomous vehicles, the addition of more public transportation and ride-sharing, Bay Area developers are struggling with how to accommodate existing parking needs while also planning for the future. A majority of Bay Area commuters still use their cars to get to work, but that number is on the decline with more commuters preferring public transportation.
The Bay Area isn't alone in this shift. In most major markets, office parking ratios have declined since the 1990s with more people using alternative modes of transportation, according to CBRE. Ratios continue to decrease in urban, transit-oriented markets like San Francisco, Chicago, Boston and Washington, D.C.
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