IDEAS HAPPEN AT 3AM, SUCCESS DOESN'T KEEP STANDARD HOURS. DO YOU?
24/7/365 ACCESS! PAJAMAS ARE PROPER BUSINESS ATTIRE WHEN THE WORLD SLEEPS AND YOU STRIVE.
READY WHEN YOU ARE.

THE PERKS

  • Prestigious Business Address
  • Online Meeting Room and Workspace Booking
  • Fast & Secure Internet Connectivity & Wi-Fi
  • Access to Copier/Printers/Fax/Scan
  • 24/7 Access to Workspace and Meeting Rooms
  • On-site Business Support & Concierge Services
  • Individual Temperature Control
  • Networking Events
  • Professional Bilingual Reception & Call Answering Services
  • Ample Free Parking
  • Conveniently Located Within Minutes of Miami, Fort Lauderdale and Palm Beach
  • Business Lounge with Complimentary Gourmet Coffee & Tea

We all have missions. Ours is creating office space for yours.
One Size Does Not Fit All. BUT ONE BUSINESS ADDRESS ... YES!
Our focus is Flexibility.

Your business is a dynamic enterprise. It can grow, build, change shape, and point in new directions in the blink of an eye. At Lakeside Executive Suites, this is how we approach office space. We don’t build boxes. We create workspaces that are as future-minded as the entrepreneurs who occupy them and that deliver the flexibility and technology required to operate on the cusp of tomorrow. Whether it’s a full-time office space, or just a meeting room for the day, we offer a range of options and services designed to help you conduct business your way.

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Mergers and Acquisitions Activity Increases in South Florida
Posted On October 17, 2013 Posted By: admin

Mergers and Acquisitions Activity Increases in South Florida

In another sign that economic activity is picking up in South Florida, the Mergers and Acquisitions index has been revving up its engine. The South Florida Business Journal reports that:

Merger and acquisition deals have doubled in Florida in the first nine months of 2013, according to a report from Mergermarket Group.

There was $29.4 billion in M&A announced in the last nine months, up from $13.9 billion in a same period a year ago. The largest category this year is pharmaceutical/medical/biotech at 30 percent. Mergers for financial services, industrial/chemicals, consumer products, telecom, business services and real estate companies also increased.

However, merger activity declined for technology and leisure companies.

The biggest deal involving a South Florida company in the third quarter was Davie-based Mako Surgical Corp. (NASDAQ: MAKO) selling to Stryker Corp. (NYSE: SYK) for $1.65 billion.

This is the most merger activity in Florida since 2007, according to Mergermarket.

Increased M&A activity is a welcomed sign in South Florida. The economy is starting to go through that “inflection point” where it will change from a slow tepid flow, to a high-sloping line with significant benefits to the overall population.

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Co-working in Broward and South Florida
Posted On October 10, 2013 Posted By: admin

Co-working in Broward and South Florida

Co-working in Broward and South Florida as a whole is growing, and growing fast. What is co-working? Well it is the idea of sharing offices with other entrepreneurs, thus fostering an environment of collaboration, networking, and enhanced productivity.  Here are some of the advantages of co-working that we found online:

  • Grow your business faster

  • Expand your personal and professional networks

  • Facilitated introductions

  • Find new clients and grow your income

  • Find talent and people to work with

  • Hire and be hired

  • Be more productive

  • No distractions from family members

  • No temptations from the fridge and TV

  • Be more motivated to work by surrounding yourself of hardworking professionals like you

  • Be more creative

  • Share with soundboards that will improve your projects

  • Better work life balance

  • Work in professional environment (get out of your home and your pajamas)

  • Get a professional working routine with your own schedule

  • Work by yourself, not alone

  • Eliminate isolation

  • Increase self confidence

  • Be healthier

  • Better Internet connection

  • Flexibility

  • Reduce your commute

  • Complement your work from home

  • Cost efficient

  • No utility bills

  • No dealing with service providers and repairs

And depending as to where you co-work, you may be able to add “free coffee” to that list. If you are looking for a location to co-work, why don’t you stop by and we’ll show you what we have to offer.

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New Highs for South Florida Banks
Posted On August 9, 2013 Posted By: admin

New Highs for South Florida Banks

 

Well it seems like the financial crisis is well behind us. At least that is how our local banks made it feel like. Three of the largest South Florida banks’ stocks reached new highs. Brian Bandell reports that:

It was a record-setting day for South Florida bank stocks, with the three largest banks on the market hitting 52-week highs.

Miami Lakes-based BankUnited (NYSE: BKU), Coral Gables-based Capital Bank Financial Corp. (NASDAQ: CBF) and Boca Raton-based 1st United Bancorp (NASDAQ: FUBC) all announced their second quarter results before Wednesday’s surge at the market. The positive reaction by investors make it seem like hot times are here again for South Florida banking.

BankUnited boosted its net income to $54 million and impressed analysts with net growth of $910 million in its loan portfolio. The company’s shares hit a 52-week high of $29.99 before settling at $29.80 by the closing bell, still an increase of 90 cents, or 3.1 percent, on the day.

Capital Bank Financial nearly doubled its net income to $11.1 million. Its stock reached a 52-week high of $20.98 and ended up closing at $20.34, still a gain of 47 cents, or 2.4 percent, for the day.

After the market closed Tuesday, 1stUnited reported that its net income edged up to $1.8 million. Its stock hit a 52-week high of $7.72 on Wednesday before closing at $7.68, still up 3 cents on the day.

Although it’s no longer a bank, Fort Lauderdale-based BBX Capital Corp. (NYSE: BBX) reached a 52-week high of $15.18 before closing at $15.12, still up 43 cents on the day. It’s the former holding company for BankAtlantic and retains many of the bank’s old problem assets.

Meanwhile, Fort Lauderdale-based Stonegate Bank (OTCBB: SGBK) was also flying high by closing up 24 cents to $18.99. That’s only a cent below its 52-week high on Monday.

Keep in mind that all of this occurred on a day when the Dow Jones Industrial Average slipped 0.2 percent.

Slowly but surely, one metric at a time we seem to get an overall feeling that South Florida not only stabilized from the financial crisis but it is also growing and doing so at an expeditious pace. Keep your eyes open for opportunities as they abound during these times.

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South Florida Unemployment Rises Slightly in June
Posted On July 25, 2013 Posted By: admin

South Florida Unemployment Rises Slightly in June

This is the first downtick in the last several months. It is nothing of concern since the way up is never a straight line. In the month of June the South Florida Unemployment rate actually increased. It is still far better than what it was a year ago.

South Florida’s non-seasonally adjusted unemployment rate rose to 7.6 percent in June, but is significantly lower than the 9.1 percent rate a year ago.

Florida’s seasonally adjusted jobless rate remained unchanged, at 7.1 percent, in June, down 1.7 percentage points from 8.8 percent a year ago. The state’s May and June rates were the lowest since September 2008, when it was at 7 percent, according to the Florida Department of Economic Opportunity.

Nonagricultural employment reached 7.5 million in Florida last month, an increase of 9,300 jobs from May.

Florida jobless rate was less than the nation’s 7.6 percent unemployment rate.

The employed workforce in Miami-Dade, Broward and Palm Beach counties lost 22,058 jobs from May to June, according to state data. The labor force also shrank to 2.95 million people from 2.97 million. During the last 12 months, the region added 33,935 jobs overall, and decreased its unemployment rate by 1.5 percentage points.

Miami-Dade lost 16,285 jobs in June, while its non-seasonally adjusted unemployment rate rose 0.3 percentage points, month-over-month, to 9 percent. That number is 1.1 percentage points lower than the jobless rate one year ago. The county’s labor force also lost 14,715 workers in June.

Broward’s unemployment rate increased 0.3 percentage points, to 6.1 percent, in June. That number is significantly less than what it was a year ago, at 7.8 percent. The county lost 1,757 jobs from May to June, while its labor force grew by 1,228 workers.

Palm Beach also saw a month-over-month increase in its jobless rate – to 7.5 percent in June from 7 percent in May – but was down from last year’s 9.2 percent. The county lost 4,016 jobs between May and June, according to state data. The county’s labor force lost 1,022 workers in June.

 

These ups and downs are to be expected. What is important is to look at the overall trend. As every other business here in South Florida we hope this is not the beginning of a downward trend but just the natural process of that upward trend that we have been enjoying for the past few months.

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Wages Still Rising in South Florida
Posted On April 12, 2013 Posted By: admin

More good news South Florida. Whereas the rest of the country on average had their wage declined, South Florida’s increased year over year, and quarter over quarter. According to the South Florida Business Journal:

South Florida wage growth has again reached a new high in the first quarter, according to the PayScale Index.

Wages in the tri-county area jumped to a three-year high of 3.8 percent growth in the first quarter, compared to the same time last year, and 0.9 percent growth compared to the previous quarter.

The PayScale Index tracks the 20 largest metropolitan areas and reveals how much an employer pays a worker today, compared to last year, for the same job. It also shows how much employees can expect to earn in the same position compared to last year’s wages.

The increase in South Florida is largely driven by what is happening in the local economy, said PayScale Lead Economist Katie Bardaro. The South Florida real estate market, which was hit hard during the housing bust, contributed to the wage growth more so than any other industry, as people have become more confident and desire to buy a house, she added.

The finance and insurance industry, which includes accounting firms, venture capitalists and insurance agencies, also has not fared well in the past and saw significant improvement in the first quarter.

Many South Florida industries, hospitality, transportation, finance and real estate, were among those that have seen positive change, Bardaro said.

Nationally, wage growth declined 0.1 percent in the first quarter, compared to the prior quarter. The drop is fairly significant because it indicates that people are feeling uncertain about the economy, amid sequestration, she said.

The PayScale Index does not track public jobs since they are not necessarily driven by economic factors but more by policy, Bardaro said.

This increase in wage is actually a good sign for South Florida because it means the unemployed pool is getting small due to small businesses feeling more confident in the local economy. With the array of positive metrics that we have been observing lately it seems that it won’t be long before South Florida is back to its usual self.

Non-Profits Dominate Top Florida Women Led Organizations
Posted On March 21, 2013 Posted By: admin

Florida Women Led Organizations

The Commonwealth Institute, PNC Bank, and Moore Research announced the Top 10 women led organizations in South Florida. Non-Profit organizations dominated as they took 9 of the top 10 spots. The list is as follows:

1: Sister Linda Bevilacqua, president of Barry University

2: Paula J. Alderson, president and CEO of Hospice by the Sea

3. Deborah Spiegelman, CEO and executive director of the Miami Children’s Museum

4: Tina Philips, president and CEO of Palm Beach Habilitation Center

5: Eileen Maloney-Simon, CEO of YWCA of Greater Miami-Dade

6: Barbara Inman, president and CEO of Habitat for Humanity of Pinellas County

7: Catherine F. Penrod, CEO of Switchboard of Miami

8: Julie Swindler, CEO of Families First of Palm Beach County

9: Pam Swensen, CEO of Executive Women’s Golf Association

10: Jacqueline Kiviat, executive director and COO of TerraLex

We congratulate all the leaders that made the list and the ones that are working hard and striving to eventually make the list in the future.

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Rick Case Thinking Big in Davie, FL
Posted On March 14, 2013 Posted By: admin

Rick Case drives so much business in the Weston / Davie area that the local business community always watches what he is doing. Well, his latest venture is a biggie. The South Florida Business Journal reports that:

Rick Case Automotive Group broke ground Wednesday on its Davie Volkswagen dealership, billed as the largest and tallest Volkswagen dealership in the world.

Stiles Construction expects to use a fast-track construction process. A grand opening is planned this fall, a news release said.

The 328,000-square-foot dealership will rise eight stories, featuring 1,000 new and used cars inside. It will open with 200 employees and grow to a staff of more than 300, the release said. Rick Case Automotive already has Honda, Hyundai and Fiat dealerships near the site of the planned VW dealership. It ranked 13th on the list of the Business Journal’s largest private companies, with $687.1 million in sales for 2011, up from 19th the previous year.

The scope of the project is huge and the speed of the expected date of completion is aggressive. This innovation in project management, and aiming high is so representative of South Florida. We are proud to be part of this community and seeing our local entrepreneurs shooting for the sky.

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South Florida Biotech
Posted On February 28, 2013 Posted By: admin

South Florida Biotech

South Florida has several areas of improvement. We recently talked about the improved real estate environment and how we are recovering faster than the national average. Here is some additional news that bauds well for the South Florida economic environment thanks to Biotech.

New data from University of Florida‘s Sid Martin Biotechnology incubator shows that Florida’s life science sector continues to grow at a faster pace than the nation’s.

Biotech deals grew by 27 percent in 2012, to 19 deals from 15 in the previous year, and venture capital dollars rose to $103.5 million, a 19 percent increase over 2011.

Separately, Palm Beach County said Monday it has a contract with Kolter Homes to develop the 800-acre Briger tract in Palm Beach Gardens, adjacent to Scripps Florida research institute in Jupiter. Besides housing, 170 acres is reserved for biotech that could include lab space, biotech companies, a teaching hospital and medical offices, said Shannon LaRocque, assistant county administrator.

“This is a milestone,” she said, saying the county’s vision was to build a cluster of development around Scripps.

Biotech investment in Florida still pales in comparison to other states in actual dollars, BioFlorida’s report says, but the percentage growth of funding is outpacing the national average. In 2012, there was a 13 percent decline in life science funding, according to the National Venture Capital Association.

 

In the analysis by the incubator and BioFlorida, the industry has grown more than 60 percent during the past five years — bringing the total number of biotechnology companies to 219. The nation’s biotechnology sector grew 5 percent over the same period, according to Ernst & Young and Nature Biotechnology.

The goal of venture capitalists is generally to sell a company or take it public to provide a return for investors. But that success also can mean a loss of jobs, as in the case of Envoy Therapeutics. Envoy originally moved to Jupiter to work with Scripps Florida, which screened compounds for potential drug development for Envoy. The company now is working on improved treatments for Parkinson’s disease.

Last year, Envoy was acquired by San Diego-based Takeda in a $140 million deal that will move the company and its key staff to California.

Still, Envoy’s success has brought new business to Scripps, said Peter Hodder, who leads Scripps’ commercialization efforts. “It says ‘South Florida is a place where you can be successful.'”

In South Florida, the report notes Max Planck Florida Institute for Neuroscience, which opened its new $64 million center in Jupiter last fall, and Palm Beach State College’s biotechnology program have successfully placed most of its graduates into full-time employment.

Although South Florida is better known for its real estate and hospitality industries, it now can also count biotech as one of its fastest growing industries.

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South Florida Outpacing Its Regional Neighbors in Economic Recovery
Posted On February 20, 2013 Posted By: admin

South Florida is outpacing its regional peers in its economic recovery. Although we are far from having fully recovered, the trends and pace of recovery are very promising.

A new study shows South Florida is still distressed economically after the Great Recession hit five years ago, but the region is still better off than Orlando and Tampa-St. Petersburg.

In fact, Orlando and Tampa-St. Petersburg continue to have the most financially distressed households among the 30 largest metro areas in the nation, but South Florida, while the sixth most distressed, has shown almost as much economic improvement as the national average, according to the latest CredAbility Consumer Distress Index. The nonprofit credit counseling agency conducts the index nationally to survey how categories such as housing, employment and families’ savings rate are doing.

 

One of the biggest improvements for South Florida: The unemployment had dropped from 9.5 percent to 8.1 for Broward, Palm Beach and Miami-Dade counties as a whole,  by the end of 2012, said Broc Rosser, Florida president for CredAbility, a nonprofit counseling agency.

“That’s a huge improvement,” he said.

South Floridians are also helping themselves by saving more, Rosser added. South Floridians are saving on average nearly 5 percent of their income, he said.

The main thorn in South Florida’s recovery is the three counties are still trying to emerge from the housing bust and the massive number of foreclosures that hit the region, Rosser said.

“Housing problems are the main cause of financial distress for households” in South Florida, said Scott Scredon, a spokesman for CredAbility. “While mortgage delinquency rates are coming down, they remain the highest in the nation.”

About 17 percent of South Florida homeowners were delinquent on mortgage payments from July to October of last year, Scredon said. Still, that’s a better rate than it was a year ago, he added.

All these positive signs will reinforce each other and result in an exponential improvement of the overall South Florida economy, including Weston. Let’s just keep on doing what we are doing South Florida and we’ll ultimately not only outpace our regional neighbors, but lead the way for the rest of the country.

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Renting Office Space in South Florida
Posted On September 27, 2012 Posted By: admin

Office Space

In today’s world of home businesses, contractors and sales people and entrepreneurs, renting office space in South Florida, or anywhere for that matter, is not as one dimensional as it used to be. 10-15 years ago, if you worked for an organization, then you were given an office with furniture, a phone, and anything else you needed in order to do your job successfully.

Times have certainly changed. No one sits in an office for 8 hours a day any more, and many have found that they don’t even have an office, as their jobs are diverse and have them travelling more often than not. Even with these newly defined roles and home business offices, there are times when a professional setting is needed. Perhaps you want to meet with an important client, or you want a quite space to make sales calls. Sometimes, renting office space in South Florida just makes sense.

The good news is that you have a lot of flexibility when you’re renting office space in South Florida. Lakeside Executive Suites in Weston Florida has taken care of most issues.
You don’t have to worry about long-term contracts or leases, and you can customize a package based on your needs and the needs of your company. You don’t have to pay thousands of dollars a month for premium space, and you can pay based on how often you’re going to be using the office and the amenities Via different packages. For example, you can customize a package that includes several or all of the following

amenities:

  • Fully furnished office with desk, chair and guest chair
  • State-of-the-art technology including telephone, internet access, WI-FI, media
  • presentation tools and more.
  • Use of conference and meeting rooms
  • Complimentary coffee/tea and use of kitchen and lounge area
  • Mail handling and forwarding
  • Telephone answering service, including forwarding
  • 24/7 secured access to the building
  • Free and ample parking
  • Fax service

With renting office space in South Florida, you don’t have to worry about a large capital outlay; your office can be ready within 24 hours, so you can stay focused on your business and your goals. When you meet with clients, they will be impressed by the professional atmosphere. This shows your clients that you are a dedicated and serious business owner who is committed to their needs.

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