Written by Miami Today on October 17, 2002
EARING A HALF-MIL: WLRN public radio has received more than $490,000 in its current pledge drive, station manager W. Ted Eldredge told almost 400 breakfast guests Tuesday at the station’s fifth annual True Friend Award Breakfast at the Hotel Inter-Continental Miami. Robert Brockway, president and general manager of Bill Ussery Motors in Coral Gables, received the award for his contributions to Friends of WLRN, which helps fund the station.
FROM AIR TO THE FAIR: Attorney Richard Krinzman, chairman of the board of Friends of WLRN, is leaving the post next month after serving 21/2 years. He’ll be replaced by attorney Rachel S. Blechman, now vice chair. But he won’t be out of civic leadership long. After a one-year hiatus, he says, he’ll be heading the Miami Youth Fair.
OPTIMISM REIGNS: Despite its current economic woes, Latin America is positioned to be a major economic power bloc, 65% of opinion leaders in six of the region’s most powerful nations told pollsters commissioned by the University of Miami School of Business Administration. The results, released this week, show the most economic optimism in Brazil, where 82% foresee that power bloc status, followed by 74% in depressed Argentina.
LOOKING NORTHEAST: Economic growth in Latin America may be Euro-centered, if the University of Miami-commissioned poll is correct. A full 72% of the opinion leaders polled said exporting to Europe is the most important way for the Latin nations to promote international trade.
APPETITE FOR MORE: PM Realty Advisors of Newport Beach, CA, which three weeks ago bought the SunTrust office building at 777 Brickell Ave., is interested in buying more office buildings, high-end apartment buildings and Publix-anchored shopping centers in the county, says spokesman David Rabin. On behalf of a pension fund, the group – affiliated with Pacific Life Insurance – paid Metropolitan Life Insurance Co. $44.5 million for the 13-story SunTrust Plaza. SunTrust is the major tenant. Insignia/ESG Inc. and Taylor & Mathis will lease and manage the property, which Mr. Rabin said is 97% full.
HOUSING RISING: A joint venture of the Carlisle Group, The Related Group of Florida, United Homes and Strategic Santa Clara has started building Santa Clara Apartments and Allapattah Garden Apartments on land adjacent to the Santa Clara Metrorail Station. Owner Miami-Dade Transit leases the site to the partnership. Santa Clara Apartments includes 208 units with a community center, library and a gym. The $18 million project is to be done by winter 2003. A 2001 survey for the Housing Finance Authority of Miami-Dade County estimated a need for 21,472 more lower-income affordable multi-family apartments countywide by 2005.
NY FUND BUYS AGAIN: UrbanAmerica, a New York real estate investment fund, last week paid $7 million for the Northside Shopping Center, 7900 NW 27th Ave. Built in 1960, the two-story, 478,000-square-foot center is home to a McDonald’s, Walgreens and Central Police Station and is 67% leased. The New York group invests in low- to moderate-income neighborhoods and in properties eligible for the Community Reinvestment Act credit. It also owns Dolphin Plaza shopping center in Opa-locka, anchored by Winn-Dixie.
AUDIT GURU FOR IVAX: Miami-based IVAX Corp., manufacturer and marketer of pharmaceuticals and veterinary products, has tapped the University of Miami’s respected senior vice president for business and finance to head its audit committee, a corporate role much in the news. In announcing the appointment of David Lieberman to its board and as audit committee chairman this week, IVAX noted that he is responsible for a staff of 700 at a university with total revenues of more than $1.2 billion. He was a CPA for more than 35 years and joined the UM in 1978.
CAT GURU FOR HUMANE SOCIETY: Another appropriate pick for an executive office is Bentonne Sarah Snay, tapped this week as executive director of the Humane Society of Greater Miami. She was founding executive director of the Burger King/McLamore Foundation in 1997 and helped raise more than $15 million and establish the Burger King Scholars Program for nearly 4,000 students. Add to her fund-raising ability another key qualification: her family has seven cats at home.
NO MORE RED NECKS: Hanes, which makes white underwear T-shirts, plans to announce retirement of its "annoying T-shirt tag" – the company’s words, not ours – at noon today (10/17) at Bayside Marketplace downtown. Baseball star Alex Rodriguez – he of the $250 million-plus contract – will presumably collect more as one of the stars of the event. It’ll be A-Rod for T-Shirts.