Karen Burkett

Business
11:03 am
Fri August 23, 2013

Sawgrass Mills Mall: A Powerhouse Retail Property Expands

According to Sawgrass Mills Mall General Manager, Luanne Lenberg, the mall rents more Smart Cartes than Miami International Airport.
Credit Karen Rundlet

This week, Sawgrass Mills Mall announced that it will add the Jimmy Choo name to its lineup at the Colonnade Outlet Malls.

RELATED: The Sunshine Economy: Retail

Jimmy Choo is a new-to-market retailer.

Business reporter Karen Rundlet visits the mall to find the well documented "suitcase shoppers."

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Business
2:19 pm
Fri July 26, 2013

Manufacturing Is At The Heart Of This Growing Broward Medical Business

Workers at New Wave Surgical are paid an hourly rate and offered a full-time employee benefits package. The company is relocating from Coral Springs to a larger facility in Pompano Beach.

New Wave Surgical, a Pompano Beach based company, didn't start out in the manufacturing business.

The founder and president, Ricardo Alexander Gomez, wanted to focus on design and sales of a medical device called D-HELP.

The product helps surgeons clean the lenses of tools used during laparascopic surgeries.

Revenues grew once Gomez and his staff were able to decrease costs of producing the device.

Gomez says revenue is up 1900%.

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Real Estate
11:40 am
Fri July 19, 2013

What Rising Interest Rates Mean For South Florida Real Estate

At the end of June, mortgage interest rates moved into the fours. Psychologically, the jump has given buyers an itch. Rates have surged since the U.S. Federal Reserve began to slow its purchases of U.S. government bonds on which market rates are based. Those purchases have kept interest rates at record lows. What does this mean if you're buying or selling in the local market?

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Business
6:30 am
Fri July 5, 2013

The Fairy Tale Of A South Florida Home Buyer

When it comes to real estate in South Florida, we can’t pretend it’s anything other than a seller’s market right now.

Prices are climbing and inventory is tight.

If you’re looking for a home or a condo, you’re competing against plenty of buyers who can pay full price and more, in cash.

Miami Herald Business reporter Karen Burkett tracks a South Florida woman who has been trying to become a first time homeowner for two years.

Market forces compelled Ashley Arends to face the reality of property and neighborhoods that was possible.

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Business
12:49 pm
Fri June 28, 2013

How The University Of Miami Lures Biotech Startups To South Florida

Robert Chavez, executive director of a new seed accelerator called ProjectLift Miami, works with companies in the Miami Innovation Center at the University of Miami Life Science & Technology Park.
Credit Alex M. Sanchez/Miami Herald Staff

Many U.S. cities are competing to bring biotech companies and jobs to their communities, places like Phoenix, Buffalo, Gainesville and of course, Miami.

They all want to develop an industry cluster, and while cities like San Diego and Boston have already successfully grown theirs, Miami’s efforts are still somewhat nascent.

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Business
7:36 am
Mon June 24, 2013

Executive Pay: How South Florida CEOs Measure Up

Stuart Miller is the CEO of Lennar Corporation based in Miami. Miller reportedly makes about $4,000 an hour.

Lennar CEO Stuart Miller earned almost $13 million last year. That’s more than $4,000 per work hour, easily making the 55-year-old the highest-paid chief executive among South Florida’s largest companies.

Was Miller overpaid? His compensation from the national home builder his father co-founded amounted to 265 times what the Bureau of Labor Statistics said is the average annual pay for someone in the construction business. But by one measure of particular interest to shareholders, Miller’s pay may be seen as about right.

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Business
3:59 pm
Fri June 14, 2013

Ready For Hurricane Season In South Florida? There's A Store For That

The owners of HurricaneStore.com say their 72-hour emergency preparedness kit is one of the company's bestsellers. The backpack contains several items including a radio/flashlight, toilet paper, ponchos, food, and water.
Credit Karen Burkett

Whether or not a hurricane hits South Florida, residents pay a price. Insurance is the biggie for most people.

On the flipside, however, there are companies here that exist and even thrive specifically because of hurricane season.

Steve Sherman is CEO of the Hurricane Store,  an online business based in Davie that sells emergency supplies and kits. He loves his product.

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Business
3:09 pm
Mon June 10, 2013

A Tour Of FAU's Technology Incubator In Boca Raton

The Technology Business Incubator on the campus of Florida Atlantic University in Boca Raton currently hosts 22 technology companies in the areas of pharmaceutical development, software development and logistics management.
Credit FAU

In the world of technology, the idea is critical. But how to turn it into application and how to monetize it are how start-ups live and die.

And that’s where business incubators come in.

During a recent tour of one incubator in Palm Beach County, the conversation quickly turned to real estate, or where incubation actually takes place.

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