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Success Sav v y
New Age Fax
Who uses a fax machine
these days? Enough
people that getting rid
of that bulky machine
taking up space in your
office can be tough.
That is, unless you’ve
got HelloFax. This handy
website allows you to
send, receive, fill out
and sign faxes through
a web browser. You’ll
never have to worry
about clearing a paper
jam again. Memberships
start at just $4.99;
HelloFax.com. Fans Rejoice
As construction on the
future home of the Florida
Marlins continues over at
the location of the former
Orange Bowl, and the new
venue is already looking
impressive. The 37,000-
seat facility will feature a natural grass playing field and an iconic retractable
roof, which means spectators will enjoy cheering in the sun during good
weather while being sheltered during the occasional afternoon thunderstorms.
Goodbye, rain delays; Florida.Marlins.MLB.com.
Over the past 4 years, Buchanan Ingersoll & Rooney’s
Miami-based lawyers have litigated scores of disputes
involving commercial real estate aggregating in excess
of $4 billion. The vast majority of cases resulted from
the rapid decline in the financial and real estate markets.
Unfortunately, these cases now pit financial institutions
against their once most-valued clientele — real estate
developers. During these difficult economic times,
however, the personal relationships between bankers and
developers that once paved the way for multi-million
dollar transactions, now encumber pragmatic resolutions.
Beyond form loan documents, statutory schemes and
regulatory compliance, there’s one dominant factor
primarily responsible for the outcome of each case: the
human component. Prior to the foreclosure crisis, personal
relationships between developers and their bankers evolved
into mutually beneficial partnerships that expedited the
free-flow of credit and afforded mounting profit for banks.
Deals were closed when people met around a table to
discuss the practical realities of their respective businesses.
After the bubble burst, practical views gave way to
resentment. Personal vendettas distorted business judgment
and led to mutually assured destruction. Foreclosures and
deficiency judgments cannot ameliorate the ills in the
market. Often they exacerbate and prolong the down cycle.
Fortunately, history has proven that the market will correct
itself. Developers who were once coveted by local bankers,
but demonized in litigation, will resume business dealings. In
time, commercial banking in Florida will once again depend
upon these very developers. Developers and bankers must
put aside personal animosity, meet around a table and, once
again, focus on pragmatic business decisions.
Richard A. Morgan is a litigation
shareholder and chairs the Miami
office of Buchanan Ingersoll &
Rooney, PC, located in Miami Tower
on 100 S.E. 2nd St. For more
information, visit BIPC.com.
Technology has made
some great leaps and
bounds in the last few
years, but it’s time to stop
resting on those laurels.
Here are 3 inventions
we’d like the world’s
weird scientists to get
24 Arm Cell
Combine your phone with a Shake
Weight, and what do you get?
Either really great bicepts and
triceps for all that time you spend
yapping, or reduced risk of brain
cancer thanks to all those calls you
skip because your arm is too tired.
Imagine a vacuum cleaner you
can strap on to your shorter-
legged pooch. Not only will
your Pomeranian or Yorkie be
providing you with love and
companionship, it’ll be cleaning
the floor at the same time.
The Jetsons debuted in 1962. Almost
40 years later, and we still haven’t
figured out how to mass produce
a flying car. What gives? It doesn’t
matter if it’s powered by gas,
electricity or by a bunch of hamsters
on wheels. Make it happen.