Daily Business Review
Daily Business Review














September 2, 2010
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Fast Food

Burger King agrees to $3.26B buyout by 3G Capital

By: The Associated Press

Burger King Holdings Inc. is selling itself to private equity firm 3G Capital in a deal valued at $3.26 billion.

Real Estate

Kendall apartment complex sold for $28.5 million

By: Paola Iuspa-Abbott

Aventura-based Acumen Real Estate Advisors bought the Sunset Gardens Apartments in the most expensive multifamily deal in Miami-Dade County this year.

Banking

Gables-based BBU Bank acquires Puerto Rican bank

By: Wayne Tompkins

BBU said it is the first expansion by a U.S. mainland-based bank into Puerto Rico in more than a decade.

G. Scott Vezina, Stuart N. Ratzan and Stuart J. Weissman
Jury Verdicts & Settlements

Miami trio obtains $1.9 million from Miami VA hospital

By: Review staff & VerdictSearch

Cancer patient and Navy vet Susan Atkisson suffered respiratory depression and nocturnal hypoxemia as a result of excessive morphine intake following breast surgery.

Jeffrey Streitfeld
Attorney General

With nearly no assets left, receiver cut loose

By: Adolfo Pesquera

Broward Circuit Judge Jeffrey Streitfeld dismissed the receiver in a deceptive trade practices case brought against a Fort Lauderdale-based loan-modification company.

Maurice “Hank” Greenberg
AIG

AIG Company to receive $90 million

By: Victor Li

AIG and former chief executive officer Maurice “Hank” Greenberg have agreed to settle a derivative suit claiming they used accounting tricks to mask problems at the company.

Judiciary

Nicholas Lopane to replace retiring judge Frusciante

By: Adolfo Pesquera

Gov. Charlie Crist announced Wednesday the appointment of General Magistrate Nicholas Lopane to replace retiring Broward Circuit Judge John Frusciante.

Appeals

4th DCA kills cane cutters’ appeal over wages

By: John Pacenti


A three-judge panel ruled a Palm Beach Circuit appellate panel acted within its discretion to reject an appeal by workers challenging a section of the 1838 state Constitution requiring nonresidents to post a bond to be able to sue.

Real Estate

Two mobile-home parks bought for $22 million

By: Polyana da Costa

Affiliates of Illinois-based Lakeshore Management bought the 389-unit Country Knolls mobile home park in Deerfield Beach and the nearby 277-unit Highland Village park.
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