AGP Executive Report
Last update: 10 hours agoBiotech Deal: MaxCyte agreed to buy Boca Raton-based Akron Bio for $151.8 million, adding cell-therapy manufacturing supplies and nearly doubling its revenue base. Wealth Management: Morgan Stanley’s wealth chief said at a Boca Raton conference that AI is making basic financial advice easier to replicate, giving large firms an edge through their scale and investment resources. Commercial Real Estate: Florida luxury-home prices are bucking a national decline as wealthy newcomers and limited supply support demand; Pro Movers Miami, meanwhile, is adding after-hours and weekend crews for office moves. Local Budgets: Florida’s newly approved property-tax cut could leave counties with an estimated $11.8 billion less, while local officials warn reduced revenue may put city services at risk. Development: A three-building, $65 million industrial project is underway in Tampa, and Canadian companies are exploring office locations in St. Petersburg. Energy Bills: Duke Energy Florida says typical customer bills are expected to fall by $33 a month in January 2027 compared with a year earlier.
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