FNF Group: Q1 Earnings Snapshot
On a per-share basis, the Jacksonville, Florida-based company said it had net income of 30 cents. Earnings, adjusted for non-recurring costs, were 78 cents per share.
The provider of title insurance and mortgage services posted revenue of $2.73 billion in the period.
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CBS News
an hour ago
- CBS News
Real estate mogul Don Soffer, developer of Florida's Aventura Mall and city's "godfather," dies at 92
Don Soffer, a real estate mogul best known as the developer of Florida's Aventura Mall and often credited as the city's "founder," has died, CBS News Miami has learned. He was 92. The Aventura Turnberry Jewish Center (ATJC), a Miami-Dade County synagogue founded by Soffer, announced his death on social media Sunday. "Your love and support mean so much to his family during this difficult time," ATJC said. In a statement to CBS News Miami, the City of Aventura said it's mourning Soffer's death, calling him a "visionary developer and philanthropist whose leadership and foresight transformed South Florida swamplands into the thriving, vibrant community we proudly call home." "Mr. Soffer's legacy is etched into the very foundation of Aventura," the city said. "His development of what would become the city's heart-from Aventura Mall to residential communities and the Turnberry golf course and brand-laid the groundwork for Aventura's incorporation in 1995. Without his vision, the City of Aventura would not exist as we know it today." The city continued, saying that Soffer was not only a builder in the traditional sense of the word, but also a "builder of community," where his commitment to excellence, innovation and public-private collaboration helped turn Aventura into "a model city that continues to grow and flourish," and that it's proud to have its high school bear his name. "Though Don Soffer never held a formal title in Aventura's government, he was, in every sense, the godfather of the city," the City of Aventura said. Aventura ended its statement by extending its condolences to the Soffer family and his other loved ones, saying his contributions "will continue to shape our community for generations to come." "His name will forever be synonymous with [the City of Aventura] he helped bring to life," the city concluded. "May his memory be a blessing." Born on Sept. 20, 1932, Donald M. Soffer was born in Duquesne, Pennsylvania — about 12 miles outside Pittsburgh. In 1955, he graduated from Brandeis University on a football scholarship with a Bachelor of Arts in economics. After graduation, he returned to Pittsburgh and went into construction and real estate with his father, Harry, to develop suburban shopping centers. In 1967, Soffer co-led a groundbreaking deal to acquire 785 acres of swampland in Miami-Dade County, Florida, where he and his business partners would go on to create what is now the City of Aventura, building everything from high-rises and golf resorts to libraries, fire stations, and the iconic Aventura Mall — one of the largest malls in the United States. According to a January 2012 Biscayne Times article, local author and historian Seth Bramson said Soffer came up with the city's name after telling his father that developing it would be an "adventure," as "Aventura" means just that in Spanish. Ten years later, Soffer founded Turnberry Associates and expanded his footprint with other real estate projects like Turnberry Isle Resort and the purchase and restoration of Fontainebleau Miami Beach. Turnberry is currently led by his daughter Jackie Soffer, who used to lead it her brother Jeffrey as co-CEOs before they split in 2019. Jeffrey Soffer currently leads Fontainebleau Development, which includes the Miami Beach location and the Fontainebleau Las Vegas. Many people in South Florida often credit him as the city's "founder." "Without him, there would not be a City of Aventura," former mayor Jeff Perlow told Biscayne Times. "Soffer's visionary acumen is responsible for the community of Aventura," according to ATJC's About Us page. Outside of construction and real estate, Soffer was a major philanthropist, donating $15 million to Brandeis University and supporting numerous causes in education and the arts. His funeral service will be held on Monday, July 21, at 10 a.m. in the Harry & Ida Soffer Sanctuary at the Aventura Turnberry Jewish Center on 20400 NE 30th Ave in Aventura.
San Francisco Chronicle
3 hours ago
- San Francisco Chronicle
Chiefs and defensive end George Karlaftis agree to 4-year, $93M contract, AP source says
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New York Post
3 hours ago
- New York Post
Dave Portnoy calls out ‘morons' who think WNBA players shouldn't get more money
Dave Portnoy is fed up with those who believe WNBA players don't deserve a higher payday. In the wake of players wearing warmup shirts that said 'Pay Us What You Owe Us' at Saturday's All-Star Game, the Barstool Sports founder and owner made his stance clear with a lengthy post and subsequent video on X on Sunday. 'I don't know how anybody in the world with a brain, and maybe my brain is just bigger than most, can rationally say women don't deserve more money at this point,' Portnoy said in the video. Portnoy went on to reference how Caitlin Clark's rookie salary, $76,000, is less than what Barstool personalities Nicky Smokes and Ben Mintz make per year, calling the disparity 'insane.' As of the 2024 season, the WNBA's average salary was $147,745, according to DirecTV. Portnoy noted how some WNBA critics have referenced reports of the league losing tens of millions of dollars each year, but said the finances of the league are 'a mess, tied in with the NBA and purposely murky.' 3 Barstool Sports founder and owner Dave Portnoy thinks WNBA players deserve a pay raise. @stoolpresidente/X In October 2024, The Post reported the WNBA would be losing $40 million in the 2025 season. But, as Portnoy put it, the league is 'exploding.' 'Franchise values are exploding. Ticket sales, merch, tv rights all exploding. The players have an opt out in their CBA. Of course they took it. It's all about leverage in re-negotiations and for the 1st time in history of [the] league players have power,' Portnoy wrote. 3 Dave Portnoy attends a game between the Indiana Fever and the Connecticut Sun at TD Garden on July 15. NBAE via Getty Images The league agreed to an 11-year, $2.2 billion TV rights deal with Disney, Amazon Prime Video and NBCUniversal last summer, and TV ratings (up 23%), ticket sales (up 26%) and attendance (13%) are all surging halfway through the season, according to NPR. 'The players make virtually nothing while the entire league explodes,' Portnoy added. 'Of course they deserve more money.' Portnoy, who is one of Caitlin Clark's most vocal superfans, also refuted the notion that the league's recent success is unsustainable because it over-relies on Clark's star power. 'This league is so white hot right now, and I know everyone's going to say, 'Well, it's only Caitlin Clark, it's a one-person league,'' Portnoy said. 'Caitlin Clark was 100% the match that lit the fuse…but, Caitlin's not going anywhere. She's year two of a 15-year career.' 3 Fever star Caitlin Clark wearing a 'Pay Us What You Owe Us' shirt before the WNBA All-Star Game on July 19. Getty Images He added that other young stars like Angel Reese, Paige Bueckers and the soon-to-be pro JuJu Watkins mark a bright future for the league, too. Portnoy concluded by writing that if he could purchase a Boston-based WNBA franchise for $250 million, he 'would do it without blinking.' 'That's all you got to know about the WNBA finances,' he added.
