South Florida’s goal to transform into a car-optional region could receive a sizable boost should the Trump administration’s proposal to invest $1 trillion into America’s infrastructure turn to reality, says a local infrastructure expert. A direct beneficiary of the capital injection would be Coral Gables-based Florida East Coast Industries, whose...

The cruise industry has come a long way in 10 years and leaders of major lines Tuesday predicted more growth in the foreseeable future provided no major geo-political or cruise-related incidents derail the momentum. This year, 25.3 million people are expected to take a cruise globally, up from 15.8 million people in 2007, marking a 61 percent growth in cruise...

The deal includes two acres of land. City National Bank of Florida sold its Miami Beach branch and office building to a commercial real estate firm for $24.59 million. The Miami-based bank, a subsidiary of BCI in Chile, sold a three-story and a six-story office building to Oliveira Plaza Associates LLC, an affiliate of Pacific Star Capital, which is based in...

Finally, the Frost Museum of Science has opening date. The $305 million museum will open to the public for the first time on May 8 after years of planning and construction. The highlights of the museum include a three-level aquarium, and a cutting-edge planetarium. According to the Herald, 700,000 visitors are expected annually. Annual memberships will cost $65...

From the New York website: The number of ultra-high net worth individuals — those with assets of $30 million or more who’ve got the funds to purchase the world’s most desirable properties — jumped 42 percent over the past decade to 193,000 worldwide, according to a new Wealth Report from Knight Frank. New York City is home to more than 6,500 of these...

The owner of the Bal Harbour Shops has modified its $400 million expansion plans to provide benefits for the village of Bal Harbour, including the construction of public buildings and donated land. Whitman Family Development said its proposed development agreement would provide more than $100 million in benefits to the village. In exchange, it wants approval to...