Friday’s Daily Pulse – Florida Trend

Judge Gives Final Approval to ‘Remarkable’ Billion Dollar Surfside Condo Collapse Settlement

A day before the one-year anniversary of the Surfside condo collapse that killed 98 people, Miami-Dade Circuit Court Judge Michael Hanzman returned his deadline and gave final approval to a settlement of billion-dollar second-largest class action lawsuit in Florida history. , which he hailed in court on Thursday as “remarkable not only for its size but also for its speed”. More WESH and the Miami Herald.

Business Beat – Week of June 24

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State of the market: Sales are slowing, prices are rising as the real estate market begins to change

Closed sales fell in Florida, with more inventory returning to the market, signaling a potential change in what has been a two-year housing boom. “There is definitely a downturn,” said Patty Da Silva, realtor at Green Realty Properties in Cooper City. “It’s palpable. We have fewer visits and fewer offers. We don’t know if this means buyers are taking a little break or if this consolidation is part of a larger trend. [Source: South Florida Sun-Sentinel]

Ken Griffin moves hedge fund headquarters from Chicago to Miami

Billionaire hedge fund manager Ken Griffin is moving his company’s headquarters from Chicago to Miami. In a memo to employees Thursday, Griffin said his investment company, Citadel, would be moving to a new headquarters in Miami’s financial district after more than 30 years in Chicago. Citadel, which has about 1,000 employees in Chicago, will retain an office in the city, but many are expected to move with the company’s headquarters in the Sunshine State, where Griffin, a Florida native, recently moved with his family. More of the Chicago Grandstand and the the wall street journal.

Darden Restaurants hikes prices but keeps increases below inflation rate

It costs diners more to eat at Olive Garden and other Darden restaurant chains, but the Orlando-based company says it’s not raising prices to fully match inflation. The company said it was hit by 7.5% inflation in the quarter ending May 29. It raised prices by an average of 6% as the company continued its strategy of strengthening its “position as a value leader”, Chief Financial Officer Raj Vennam said in an earnings call on Thursday. [Source: Orlando Sentinel]

ALSO AROUND FLORIDA:

› ‘I wanted to do more.’ Miami trauma surgeon traveled to Ukraine to work on war victims
A woman whose arm and leg was shattered by mine-like projectiles fired into her apartment. A young man whose face was nearly blown off by a rocket-propelled grenade. A man whose chest and liver were destroyed by a missile strike. These are among the cases that Dr. Enrique Ginzburg, medical director of trauma at the Jackson South Ryder Trauma Center, encountered during his recent trip to Ukraine, where he worked side-by-side with local doctors performing complex surgeries on victims of the Russian invasion of Eastern Europe. country.

› Florida steakhouse says he became a full-time chef cooking 200 steaks a day due to pressure from labor shortages
A staff shortage at a Florida steakhouse forced the owner to become a full-time chef tasked with cooking around 200 steaks a day. Jay Johnson, owner of Bubba’s Roadhouse and Saloon in Cape Coral, told Insider in an interview that he works eight-hour shifts seven days a week to fill gaps in his workforce. There should be 12 people working in the kitchen, but there are only nine.

› FAMU Marching 100 performs at the Louis Vuitton men’s fashion show in Paris
The FAMU Marching 100 performed Thursday in Paris during the Louis Vuitton fashion show. Benji B, Louis Vuitton Men’s Music Director, said this year’s show called for a fanfare and FAMU was an easy choice. “Authenticity is really at the center of everything we care about,” Benji B said, according to a university press release. “We don’t reference things or emulate things. We’re going to the top, and that’s why we came to you.

› Fraz Ahmed sworn in as new JBA President
Jacksonville Bar Association President Michael Fox Orr called the final meeting of the association’s 2021-22 bar year to be held June 15 at the Marriott Jacksonville Downtown. Orr presented the annual professionalism award to Kelli Lueckert, assistant county attorney for the Clay County Board of Commissioners and president of the Jacksonville Women Lawyer Association.

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