Beleaguered Seattle-based bank Washington Mutual will close its 175-person operations center in Boca Raton by the end of the year. The bank has laid off 1,200 workers nationally as it reels from huge loan losses. Its stock has plunged 85 percent in the last year; it lost more than $1.1 billion in the first quarter of 2008 alone.
WaMu to shutter Boca center
|Brock Development scores loan, breaks ground on Palm Beach Gardens hotel|
|The Weekly Dish: Bocce Bar’s space to become Skorpios restaurant & more|
|South Florida construction starts spike in January: report|
|Can a startup Miami brokerage make the flat-fee model work?|
|General Growth Properties raises its ownership stake in Miami Design District|