Written by Miami Today on May 26, 2011
Miami is a weekly feature of Miami Today, keeping readers ahead
of the news. Here are highlights from the most current edition.
coverage, including The Insider and all information columns,
is available in the e-edition. Sign up now.
RECORD PENTHOUSE SALE: A furnished penthouse at the condominium Jade Ocean sold for $3.25 million to a Russian buyer, representing the highest recorded price per square foot in the Multiple Listing Service for a condo in Sunny Isles Beach. The price of the nearly 3,200-square-foot unit averaged out to $1,020 per square foot. "We’re seeing a surge of interest from international buyers who appreciate the South Florida climate and lifestyle," said Marie-Charlotte Piro, vice president of MC² Realty, who represented the seller, "as well as the potential of appreciation in real estate values going forward."
WE CAN HEAR YOU NOW: Verizon’s appointment of Kerry Bailey to head its new acquisition, Terremark, may come with some friends. "There are about 3,000 folks inside Verizon’s Business Professional Services team," said Terremark spokesperson Xavier Gonzalez, "and that’s a group that could potentially join Terremark." Mr. Bailey will succeed Terremark Founder Manuel Medina, though the company, Mr. Gonzalez added, will "operate as an independent subsidiary of Verizon Communications."
NO GREEN LIGHT YET: Municipalities stretching from the City of Miami to the Town of Cutler Bay met recently to discuss issues pertaining to a pending agreement that would allow them to help fund energy-efficient improvements on property paid for through adding a small amount onto owners’ property taxes. "We had a meeting with several mayors, and representatives from other cities on May 2 and kind of resolved some questions that folks had," said Manager Steven Alexander of Cutler Bay, which is organizing the green corridor. "We think we’ve resolved everyone’s questions and now we’re just trying to make sure we get [the agreement] on everybody’s respective calendars."
BEACON HONORS: The Beacon Council honored 15 organizations and individuals at its ninth annual Beacon Awards at the J.W. Marriott Marquis hotel, handing the Jay Malina award to Terremark founder and CEO Manny Medina days before he announced his retirement. Other winners: Chairman’s Award, Goodwill Industries of South Florida; Education Award, Barry University; Judges’ Special Award, New World Symphony; Lifetime Achievement Award, William Alexander; Aviation, 482d Fighter Wing; Business Services, Carlisle Development Group; Fashion & Lifestyle, Tiffany & Co.; Film & Entertainment, TVM Productions/Burn Notice; Financial Services, Wachovia; Healthcare Services, Dade Medical College; Info Tech/Telecom, CloudCare; International Commerce, Goya Foods of Florida; Life Science, BD Biosciences-Advanced Bioprocessing; and Visitor Industry, Oceania Cruises.
Complete coverage, including The Insider and all information columns, is available in the e-edition. Sign up at www.miamitodaynews.com