Written by Miami Today on January 5, 2012
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SCIENTIFIC PHILANTHROPY: A $10 grant from the John S. and James L. Knight Foundation puts the Patricia and Phillip Frost Museum of Science on track to meet its $100 million fundraising goal as it nears the scheduled Feb. 24 groundbreaking for the 250,000-square-foot complex in Museum Park on Biscayne Boulevard. The grant must be matched by an additional $20 million from other sources. The foundation’s contribution is to be recognized through the naming of the Learning Center, a high-tech space for students and community groups. The gift is equal in size of one the Knight Foundation gave earlier to the Miami Art Museum, which will become the Jorge M. Perez Art Museum of Miami-Dade County when its structure is completed next to the science museum site. The science museum’s overall cost is to be $275 million, with much of the funding coming from bonds to be issued by Miami-Dade County. The museum is to open early in 2015.
WHAT RECESSION?: Even as unemployment was climbing in the worst days of the economic downturn, one sector of jobs has continued to grow steadily in Miami-Dade County: employment in the educational and health services areas. New figures show the highest employment level ever in those areas, a total of 168,600 jobs in November. The previous record had been set just the month before, at 167,000 jobs in the county. A decade earlier, county employment in those areas was 124,600. By November the number had grown by 44,000, a 35% gain in jobs over the decade.
PORTS EQUAL PROSPERITY: Miami is the sixth-best metropolitan market with potential for investors in industrial property over the next five years, Grubb & Ellis Co. reported in its 2012 National Real Estate Forecast released Tuesday. "Although industrial investment opportunities do exist in local and regional markets," the forecast stated, "according to the Investment Opportunity Monitor, the top 10 prospects are those markets serving seaports or inland ports that benefit from growing international trade." The company rated Los Angeles, "with the largest port complex in the nation," highest.
WAREHOUSE SELLS: WestVest Associates Inc. announced the closing of a warehouse purchase in Doral. Bravo Companies Inc. sold the 45,000-square-foot warehouse at 2980 NW 108th Ave. to Data Tech for $4,725,000. Data Tech owns two other warehouses in Doral and was looking to purchase a large building for the last five years. Data Tech is a distributor of imaging supplies like toners and ink cartridges.
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