Japan-based pharmaceutical company Santen announced plans to acquire Innfocus, an ophthalmology company developed within University of Miami’s Bascom Palmer Eye Institute. Santen will purchase Miami’s Innfocus for an upfront payment of $225 million, plus performance-based consideration upon achievement of milestones. The transaction is pending approval. It...

The value of the US dollar has advanced to its highest levels in six weeks, signaling a boost in the economy compared to slow growth elsewhere in the global sphere. Bloomberg’s dollar index rallied 0.5% this afternoon, the highest it’s reached since June 12. The improvement has also sparked chances for a rate hike this year, Bloomberg reports. Investors...

Last fall, Federal Realty Investment Trust and its two local partners, Grass River Property and the Comras Company, announced they bought the majority interest in the Shops at Sunset Place for $110 million. The goal is to revamp the aging outdoor mall, which serves as an anchor for downtown South Miami. New tenants so far include outdoor furniture store...

Florida’s housing market reported higher median prices and fewer days to contract in June as the market sees pent-up demand and paucity of inventory. Closed sales of single-family homes statewide totaled 27,086 last month – slightly higher (0.4%) than the June 2015 level of 26,973 closed sales. More from Builder and the Sarasota Herald-Tribune. Please...

Patricia Delinois and her best-selling team explore Miami . Miami is quickly growing into a global city. Let Delinois and her team guide you in all your real estate investments. Century 21 Premier Elite Realty Miami’s leading international real estate firm PremierMiami.com Click FULL ARTICLE tab below to watch a video. Full Article Save Article Article...

Want to reduce the headache of moving into a new home? Follow these tips:   BEFORE YOU PACK  1 Plan your move well in advance. This will help you avoid a last-minute frenzy. For a timeline and checklist, visit upack.com/sites/default/ files/pdf/MovingChecklist.pdf  2 Protect critical photos and files. Store copies on a portable hard drive you carry with...