The 70-year-old Riviera Country Club in Coral Gables is getting a $37 million makeover. The club broke ground on a 60,000-square-foot, two-story clubhouse. Also coming: renovation of the 18-hole golf course. By 2019, construction should be complete on a fitness center, aquatic complex and a 6,000-square foot event room and other amenities designed to please future generations
LOSER: Condo Market
New condo sales in coastal Miami-Dade and Broward counties have been slow for the five months through March 2017, and some developers in preconstruction might be better off waiting until next year to gain traction, according to an analysis by ISG World. The sales pace for the time period was 111 units a month, compared to sales ranging from 140 to 163 units a month in 2016.
WINNER: Modernizing Medicine
The Boca Raton-based health tech startup raked in $231 million in equity investment from Warbur Pincus, a New York private equity firm. The company, which sells a cloud-based electronic health record software for physician groups, will use the funding to provide additional workflow automation and help doctors’ share patient information. Prior to this investment, Modernizing Medicine had raised $90 million to date.