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FRIDAY, SEPTEMBER 10, 2010

LAW | REAL ESTATE | FINANCE

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DAILY BUSINESS REVIEW

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BROWARD

 VOL. 51, NO. 190

EXBOLLYWOODACTRESS IN PLANTATION

HELPING VICTIMSOF ABUSE

PAGE A6

LEGAL REVIEW

PANEL SUSPENDS STEM CELL RULINGA federal appeals court permitted federal funding of stemcell research to proceed temporarily until the court rules onthe merits of the government’s position. A2

GUN DEALER TRIES TO KEEP SUIT ALIVEA decision by an appeals court over a sheet of paper willdetermine whether a gun dealer’s defamation suit againstNew York Mayor Michael Bloomberg can proceed. A3

REAL ESTATE REVIEW

EXHEAT PLAYER GETS $2M FOR HOMEFormer Miami Heat player Tim Hardaway has sold hisPinecrest home for nearly $2 million to a company controlledby the basketball team’s ownership. A10

FINANCIAL REVIEW

BURGER KING TO GETA BRAZILIAN CEOThe investment firm buying Burger King,3G Capital, has named former LatinAmerican railroad executive BernardoHees to be chief executive of the Miami-based fast-food chain. A11

PNC, U.S. BANCORP EYEING TARGETSRegional banks are the new acquisition players, with hugecompetitors Bank of America, JPMorgan Chase and WellsFargo forced by regulators to sit on the sidelines. A11

EXPERTS DOWNPLAY GREENE’SODDS OF WINNING LIBEL SUIT

FIRST AMENDMENT Press is well-protected when it comes to public figures

by Jose Pagliery, DBR. SeveralSouth Florida attorneys withFirst Amendment expertise agreechances are slim that billionaireJeff Greene will find success suingtwo newspapers he blames for

derailing his U.S. Senate cam-paign.They say the odds are stacked

against him based on vast protec-tions afforded to journalists bythe U.S. Supreme Court.

Greene, who accuses the

St. Petersburg Times and theMiami Herald of orchestrating acampaign to destroy him, mustprove the newspapers knowinglyreported lies and staff membershad a reckless disregard for the

truth. It’s a standard many vet-eran First Amendment lawyersconsider insurmountable.

It will be up to Atlanta attorneyLin Wood and Miami’s StanleyWakshlag to prove otherwise.SEE STORY, PAGE A3

ECONOMIC OUTLOOK

Survey: Somecompanies

spending cashby Mike Seemuth, Special to

DBR. Some South Florida busi-nesses are boosting investment

in equipmentand facilities,but manyothers willkeep con-serving cash.

An infor-mal surveyof 20 com-panies inthe regionshows that

three-quarters put more cash into

capital spending in the first half of 2010 than the same period ayear earlier.

Among the 20 companies sur-veyed, 12 had more cash at theend of June than a year earlier,and one reported virtually nochange over the year.SEE COLUMN, PAGE A20

REAL ESTATE Resort at Pembroke Pines sold

INDEX

INSIDE

Should you have delivery questions,

call 1.877.256.2472

LEGAL REVIEW A3

REAL ESTATE REVIEW A7FINANCIAL REVIEW A11

ON REAL ESTATE A10

TROPICAL TRANSFERS A8

MARKET WATCH A14

LAW JOBS A16

BUSINESS SERVICES A13LEGAL PRACTICES A6

LEGAL SERVICES A5

REAL ESTATE

MARKETPLACE A20

At $193M, multifamily salein Broward is S. Fla’s largest

by Polyana da Costa, DBR. A largePembroke Pines apartment complexhas sold for an estimated $193 mil-lion, the priciest multifamily deal inthree years.

A fund controlled by CB RichardEllis Investors paid about $127,000per unit for the 1,520-unit Resort atPembroke Pines.

The seller is a partnership be-tween a California teachers pen-sion fund and the Chicago-basedinvestment and management firmHeitman.

The CBRE fund assumed a $120million floating-rate mortgage fromFannie Mae as part of the deal.SEE STORY, PAGE A7

TROPICAL TRANSFERS

A 3,206-square-foothome buiilt in 1962 at150 Island Drive, KeyBiscayne, was boughtfor $2.5 million. A8

STEVE MITCHELL/THE ASSOCIATED PRESS

Jeff Greene sued two Florida newspapers forlibel following his Senate primary loss.

BLOOMBERG NEWS

MELANIE BELL

A fund controlled by CB Richard Ellis Investors paid about $127,000 per unit.