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Why Coaching Is The Way To Go In Team Management
By Tim Maher
When you hear the word "coach", what comes first into your mind? Do you picture a basketball team with a man/woman shouting out directions? Or perhaps a football team with a man/woman pacing to and fro and calling out the names of the players?
Coaching is no longer reserved to sports teams; it is now one of the key concepts in leadership and management. Why is coaching popular? Coaching levels the playing field.
Coaching is one of the six emotional leadership styles proposed by Daniel Goleman. Moreover, it is a behavior or role that leaders enforce in the context of situational leadership. As a leadership style, coaching is used when the members of a group or team are competent and motivated, but do not have an idea of the long-term goals of an organization. This involves two levels of coaching: team and individual. Team coaching makes members work together. In a group of individuals, not everyone may have nor share the same level of competence and commitment to a goal. A group may be a mix of highly competent and moderately competent members with varying levels of commitment. These differences can cause friction among the members. The coaching leader helps the members level their expectations. Also, the coaching leader manages differing perspectives so that the common goal succeeds over personal goals and interests. In a big organization, leaders need to align the staffs' personal values and goals with that of the organization so that long-term directions can be pursued.
Coaching builds up confidence and competence.
Individual coaching is an example of situational leadership at work. It aims to mentor one-on-one building up the confidence of members by affirming good performance during regular feedbacks; and increase competence by helping the member assess his/her strengths and weaknesses towards career planning and professional development. Depending on the individual's level of competence and commitment, a leader may exercise more coaching behavior for the less-experienced members. Usually, this happens in the case of new staffs. The direct supervisor gives more defined tasks and holds regular feedbacks for the new staff, and gradually lessens the amount of coaching, directing, and supporting roles to favor delegating as competence and confidence increase.
Coaching promotes individual
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Food safety firm Locus Traxx adding 110 jobs in JupiterLocus Traxx plans to add 110 jobs as it opens a food safety and security facility near Jupiter, according to an announcement from the Business Development Board of Palm Beach County and the Workforce Alliance.
The company will expand with a 60,000-square-foot lease in Florida Research Park, where it will report on the temperature, security and location of food shipments as they are in transit. Locus Traxx plans to boost its workforce from 50 to 160 by the end of the year.
?We are so pleased to have assisted another technology and innovation company in growing jobs in Palm Beach County,? BDB President and CEO Kelly Smallridge said in a news release...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=0VGreQPTV7k:Io85pPAD0CA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=0VGreQPTV7k:Io85pPAD0CA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=0VGreQPTV7k:Io85pPAD0CA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=0VGreQPTV7k:Io85pPAD0CA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=0VGreQPTV7k:Io85pPAD0CA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=0VGreQPTV7k:Io85pPAD0CA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=qj6IDK7rITs" border="0"></img></a>
</div>Regulators approve 1st United acquisition of Palm Harbor bankBoth federal and state regulators have approved Boca Raton-based 1st United Bancorp?s application to purchase Palm Harbor-based Anderen Financial.
The $37 million deal was announced in October. In a news release on Wednesday, 1st United (NASDAQ: FUBC) said it expects to complete the acquisition early in the second quarter.
After earning $3.7 million in 2011, 1st United finished the year with $1.42 billion in assets. Anderen Financial?s Anderen Bank subsidiary held $207 million in assets at year-end...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=MTFuiR9wcUE:zQMe3FZ6-AE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=MTFuiR9wcUE:zQMe3FZ6-AE:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=MTFuiR9wcUE:zQMe3FZ6-AE:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=MTFuiR9wcUE:zQMe3FZ6-AE:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=MTFuiR9wcUE:zQMe3FZ6-AE:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=MTFuiR9wcUE:zQMe3FZ6-AE:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=qj6IDK7rITs" border="0"></img></a>
</div>Massive mortgage settlement has winners and losers<img src='http://assets.bizjournals.com/southflorida/print-edition/Roy-Oppenheim*100.jpg?v=1'>The $25 billion federal/state settlement with the nation?s largest mortgage servicers has created some winners and loser among borrowers, especially in South Florida.
The deal is supposed to allow for financial relief to homeowners who are underwater ? owing more on their mortgages than the value of their homes. According to CoreLogic, about half of the mortgages in South Florida are underwater. However, it seems unlikely that everyone will qualify for relief, said Boca Raton attorney Marlyn Wiener, who represents borrowers in loan modifications and short sales...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=SP51lfcV4k0:zJcLPY3nPBE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=SP51lfcV4k0:zJcLPY3nPBE:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=SP51lfcV4k0:zJcLPY3nPBE:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=SP51lfcV4k0:zJcLPY3nPBE:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=SP51lfcV4k0:zJcLPY3nPBE:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=SP51lfcV4k0:zJcLPY3nPBE:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=qj6IDK7rITs" border="0"></img></a>
</div>Related Group plans new Hallandale Beach condo development<img src='http://assets.bizjournals.com/southflorida/news/SFBJ%20Jorge%20Perez%20315*100.jpg?v=1'>The Related Group is planning a new condo development in Hallandale Beach that would also include a hotel. The 31-story Beachwalk tower would have 84 residences and 432 hotel rooms.
The proposed project would be located on the Intracoastal Waterway, at the western end of the Hallandale Beach Boulevard Causeway, according to Condo Vultures.
Related is already selling units for its 49-unit, oceanfront project Apogee Beach in Hallandale Beach. It broke ground on the project in December.
Beachwalk is the 22nd project to be proposed east of Interstate 95 in South Florida...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=K5p8ARmkXtE:6QnNgpofDX4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=K5p8ARmkXtE:6QnNgpofDX4:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=K5p8ARmkXtE:6QnNgpofDX4:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=K5p8ARmkXtE:6QnNgpofDX4:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=K5p8ARmkXtE:6QnNgpofDX4:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=K5p8ARmkXtE:6QnNgpofDX4:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=qj6IDK7rITs" border="0"></img></a>
</div>Direct Title president charged with fraudThe president of an Oakland Park title company was charged with wire fraud for her participation in a mortgage fraud scheme where Bank of America provided one of the mortgages.
Michelle Austin-Wilks, 38, of Parkland, was charged with wire fraud. She faces up to 30 years in prison.
According to the criminal complaint, Austin-Wilks was president and director at Direct Title & Escrow Services. According to a news release, she and others allegedly profited by fraudulently buying and selling residential real estate property in Broward County through straw buyers...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=_in0BuXGQdY:YedaKY0D2Zo:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=_in0BuXGQdY:YedaKY0D2Zo:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=_in0BuXGQdY:YedaKY0D2Zo:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=_in0BuXGQdY:YedaKY0D2Zo:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=_in0BuXGQdY:YedaKY0D2Zo:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=_in0BuXGQdY:YedaKY0D2Zo:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=qj6IDK7rITs" border="0"></img></a>
</div>Equality Florida backs Competitive Workforce ActEquality Florida's top priority in the current legislative session is passage of the Florida Competitive Workforce Act, which would add sexual orientation and gender expression as protected in employment, housing and public accommodations, the group's deputy director said at a Miami event on Thursday.
Stratton Pollitzer, deputy director of Equality Florida, talked about his group's efforts during the Miami-Dade Gay and Lesbian Chamber of Commerce's State of our Community Luncheon.
While Miami-Dade County and many others Florida locations offer anti-discrimination protection for gays, lesbians, bisexuals and transgendered people, some areas of the state don't, he said...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=jNBNjR8tzH4:FhIGmsKkeQE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=jNBNjR8tzH4:FhIGmsKkeQE:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=jNBNjR8tzH4:FhIGmsKkeQE:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=jNBNjR8tzH4:FhIGmsKkeQE:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=jNBNjR8tzH4:FhIGmsKkeQE:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=jNBNjR8tzH4:FhIGmsKkeQE:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=qj6IDK7rITs" border="0"></img></a>
</div>Miccosukees fight IRS summons of LehtinenThe Miccosukee Tribe of Indians of Florida is trying to prevent the federal government from using a summons to obtain documents and correspondence from its former attorney, Dexter Lehtinen.
The tribe sued Lehtinen, a former U.S. attorney, in December for alleged malpractice in failing to properly advise it regarding obligations by tribe members to pay federal taxes on income that may have been derived from gambling operations. Lehtinen denies the allegations.
On Feb. 8, the tribe filed a motion to stop the summons from Internal Revenue Service attorneys...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=yOXE8uM9lX0:CbsxIaGoo3g:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=yOXE8uM9lX0:CbsxIaGoo3g:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=yOXE8uM9lX0:CbsxIaGoo3g:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=yOXE8uM9lX0:CbsxIaGoo3g:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=yOXE8uM9lX0:CbsxIaGoo3g:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=yOXE8uM9lX0:CbsxIaGoo3g:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=qj6IDK7rITs" border="0"></img></a>
</div>Florida to get $8.4B from national mortgage settlement<img src='http://assets.bizjournals.com/southflorida/news/SFBJ%20Pam%20Bondi*100.jpg?v=1'>The proposed mortgage settlement between 49 state attorneys general and the nation?s largest loan servicers could net $8.4 billion in relief to Florida homeowners, Florida Attorney General Pam Bondi announced on Thursday.
The joint federal-state investigation resulted in a proposed $25 billion settlement over the mortgage practices of large banks and loan servicers, including robo-signing, where lenders were alleged to have filed foreclosure lawsuits without verifying the accuracy of the documentation...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=2Cztb7Y1ilc:alQ2KojsLzA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=2Cztb7Y1ilc:alQ2KojsLzA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=2Cztb7Y1ilc:alQ2KojsLzA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=2Cztb7Y1ilc:alQ2KojsLzA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=2Cztb7Y1ilc:alQ2KojsLzA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=2Cztb7Y1ilc:alQ2KojsLzA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=qj6IDK7rITs" border="0"></img></a>
</div>Regulators block five South Florida assisted living/home health providersFlorida regulators said they revoked or surrendered the licenses of five assisted living and home health companies in South Florida in January.
The Agency for Health Care Administration said these providers are no longer eligible to participate in Medicaid and Medicare. They could attempt to stay in business with private pay, but most assisted living and home health facilities depend on these government programs.
Following are the companies AHCA took action against:
Lauderhill-based Shalom Manor, a 35-bed assisted living facility, had its license revoked and was fined $40,000...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=M2coQE8cjEk:fdwvvoauDsg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=M2coQE8cjEk:fdwvvoauDsg:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=M2coQE8cjEk:fdwvvoauDsg:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=M2coQE8cjEk:fdwvvoauDsg:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=M2coQE8cjEk:fdwvvoauDsg:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=M2coQE8cjEk:fdwvvoauDsg:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=qj6IDK7rITs" border="0"></img></a>
</div>University of Miami spends most on athletics in South FloridaThe University of Miami spends more on athletics than any other South Florida university, according to a new database that analyzes Equality in Athletics data from the U.S. Department of Education.
The UM athletic department ranked 43rd out of 340 athletic departments nationwide, spending $57.6 million on Hurricane sports during the 2010-2011 season. Of the total, $24.4 million was for football expenses and $5 million was for basketball expenses. Other South Florida schools trailed far behind UM...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=KKZhAJiKwvc:5ken_6mYfWk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=KKZhAJiKwvc:5ken_6mYfWk:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=KKZhAJiKwvc:5ken_6mYfWk:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=KKZhAJiKwvc:5ken_6mYfWk:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=KKZhAJiKwvc:5ken_6mYfWk:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=KKZhAJiKwvc:5ken_6mYfWk:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=qj6IDK7rITs" border="0"></img></a>
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and team excellence. Excellence is a product of habitual good practice. The regularity of meetings and constructive feedback is important in establishing habits. Members catch the habit of constantly assessing themselves for their strengths and areas for improvement that they themselves perceive what knowledge, skills, and attitudes they need to acquire to attain team goals. In the process, they attain individually excellence as well. An example is in the case of a musical orchestra: each member plays a different instrument. In order to achieve harmony of music from the different instrument, members will polish their part in the piece, aside from practicing as an ensemble. Consequently, they improve individually as an instrument player. Coaching develops high commitment to common goals. A coaching leader balances the attainment of immediate targets with long-term goals towards the vision of an organization. As mentioned earlier, with the alignment of personal goals with organizational or team goals, personal interests are kept in check. By constantly communicating the vision through formal and informal conversations, the members are inspired and motivated. Setting short-term team goals aligned with organizational goals; and making an action plan to attain these goals can help sustain the increased motivation and commitment to common goals of the members. Coaching produces valuable leaders. Leadership by example is important in coaching. A coaching leader loses credibility when he/she cannot practice what he/she preaches. This means that a coaching leader should be well organized, highly competent is his/her field, communicates openly and encourages feedback, and has a clear idea of the organization's vision-mission-goals. By vicarious and purposive learning, members catch the same good practices and attitudes from the coaching leader, turning them into coaching leaders themselves. If a member experiences good coaching, he/she is most likely to do the same things when entrusted with formal leadership roles. Some words of caution though: coaching is just one of the styles of leadership. It can be done in combination with the other five emotional leadership styles depending on the profile of the emerging team. Moreover, coaching as a leadership style requires that you are physically, emotionally, and mentally fit most of the time since it involves two levels of coaching: individual and team. Your members expect you to be the last one to give up or bail out in any situation especially during times of crises. A coaching leader must be conscious that coaching entails investing time on each individual, and on the whole team. Moreover, that the responsibilities are greater since while you are coaching members, you are also developing future coaches as well. Article Directory: http://www.articlecube.com Tim Maher is an Irish native living in England for many years. He is interested in personal development in all its facets and has read many books on this topic. It is an interest that is fed by listening to audio seminars when possible. His website can be found at www.magillaudiobooks.com
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Food safety firm Locus Traxx adding 110 jobs in Jupiter
Locus Traxx plans to add 110 jobs as it opens a food safety and security facility near Jupiter, according to an announcement from the Business Development Board of Palm Beach County and the Workforce Alliance.
The company will expand with a 60,000-square-foot lease in Florida Research Park, where it will report on the temperature, security and location of food shipments as they are in transit. Locus Traxx plans to boost its workforce from 50 to 160 by the end of the year.
?We are so pleased to have assisted another technology and innovation company in growing jobs in Palm Beach County,? BDB President and CEO Kelly Smallridge said in a news release...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=0VGreQPTV7k:Io85pPAD0CA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=0VGreQPTV7k:Io85pPAD0CA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=0VGreQPTV7k:Io85pPAD0CA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=0VGreQPTV7k:Io85pPAD0CA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?i=0VGreQPTV7k:Io85pPAD0CA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_southflorida?a=0VGreQPTV7k:Io85pPAD0CA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_southflorida?d=qj6IDK7rITs" border="0"></img></a>
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Regulators approve 1st United acquisition of Palm Harbor bank
Both federal and state regulators have approved Boca Raton-based 1st United Bancorp?s application to purchase Palm Harbor-based Anderen Financial.
The $37 million deal was announced in October. In a news release on Wednesday, 1st United (NASDAQ: FUBC) said it expects to complete the acquisition early in the second quarter.
After earning $3.7 million in 2011, 1st United finished the year with $1.42 billion in assets. Anderen Financial?s Anderen Bank subsidiary held $207 million in assets at year-end...<div class="feedflare">
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Massive mortgage settlement has winners and losers
<img src='http://assets.bizjournals.com/southflorida/print-edition/Roy-Oppenheim*100.jpg?v=1'>The $25 billion federal/state settlement with the nation?s largest mortgage servicers has created some winners and loser among borrowers, especially in South Florida.
The deal is supposed to allow for financial relief to homeowners who are underwater ? owing more on their mortgages than the value of their homes. According to CoreLogic, about half of the mortgages in South Florida are underwater. However, it seems unlikely that everyone will qualify for relief, said Boca Raton attorney Marlyn Wiener, who represents borrowers in loan modifications and short sales...<div class="feedflare">
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Related Group plans new Hallandale Beach condo development
<img src='http://assets.bizjournals.com/southflorida/news/SFBJ%20Jorge%20Perez%20315*100.jpg?v=1'>The Related Group is planning a new condo development in Hallandale Beach that would also include a hotel. The 31-story Beachwalk tower would have 84 residences and 432 hotel rooms.
The proposed project would be located on the Intracoastal Waterway, at the western end of the Hallandale Beach Boulevard Causeway, according to Condo Vultures.
Related is already selling units for its 49-unit, oceanfront project Apogee Beach in Hallandale Beach. It broke ground on the project in December.
Beachwalk is the 22nd project to be proposed east of Interstate 95 in South Florida...<div class="feedflare">
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Direct Title president charged with fraud
The president of an Oakland Park title company was charged with wire fraud for her participation in a mortgage fraud scheme where Bank of America provided one of the mortgages.
Michelle Austin-Wilks, 38, of Parkland, was charged with wire fraud. She faces up to 30 years in prison.
According to the criminal complaint, Austin-Wilks was president and director at Direct Title & Escrow Services. According to a news release, she and others allegedly profited by fraudulently buying and selling residential real estate property in Broward County through straw buyers...<div class="feedflare">
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Equality Florida backs Competitive Workforce Act
Equality Florida's top priority in the current legislative session is passage of the Florida Competitive Workforce Act, which would add sexual orientation and gender expression as protected in employment, housing and public accommodations, the group's deputy director said at a Miami event on Thursday.
Stratton Pollitzer, deputy director of Equality Florida, talked about his group's efforts during the Miami-Dade Gay and Lesbian Chamber of Commerce's State of our Community Luncheon.
While Miami-Dade County and many others Florida locations offer anti-discrimination protection for gays, lesbians, bisexuals and transgendered people, some areas of the state don't, he said...<div class="feedflare">
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Miccosukees fight IRS summons of Lehtinen
The Miccosukee Tribe of Indians of Florida is trying to prevent the federal government from using a summons to obtain documents and correspondence from its former attorney, Dexter Lehtinen.
The tribe sued Lehtinen, a former U.S. attorney, in December for alleged malpractice in failing to properly advise it regarding obligations by tribe members to pay federal taxes on income that may have been derived from gambling operations. Lehtinen denies the allegations.
On Feb. 8, the tribe filed a motion to stop the summons from Internal Revenue Service attorneys...<div class="feedflare">
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Florida to get $8.4B from national mortgage settlement
<img src='http://assets.bizjournals.com/southflorida/news/SFBJ%20Pam%20Bondi*100.jpg?v=1'>The proposed mortgage settlement between 49 state attorneys general and the nation?s largest loan servicers could net $8.4 billion in relief to Florida homeowners, Florida Attorney General Pam Bondi announced on Thursday.
The joint federal-state investigation resulted in a proposed $25 billion settlement over the mortgage practices of large banks and loan servicers, including robo-signing, where lenders were alleged to have filed foreclosure lawsuits without verifying the accuracy of the documentation...<div class="feedflare">
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Regulators block five South Florida assisted living/home health providers
Florida regulators said they revoked or surrendered the licenses of five assisted living and home health companies in South Florida in January.
The Agency for Health Care Administration said these providers are no longer eligible to participate in Medicaid and Medicare. They could attempt to stay in business with private pay, but most assisted living and home health facilities depend on these government programs.
Following are the companies AHCA took action against:
Lauderhill-based Shalom Manor, a 35-bed assisted living facility, had its license revoked and was fined $40,000...<div class="feedflare">
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University of Miami spends most on athletics in South Florida
The University of Miami spends more on athletics than any other South Florida university, according to a new database that analyzes Equality in Athletics data from the U.S. Department of Education.
The UM athletic department ranked 43rd out of 340 athletic departments nationwide, spending $57.6 million on Hurricane sports during the 2010-2011 season. Of the total, $24.4 million was for football expenses and $5 million was for basketball expenses. Other South Florida schools trailed far behind UM...<div class="feedflare">
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