Sarasota businessman Weiner buys CityPointe land

BUYER: Rosalyne Holdings LLC (BBW Holdings LLC), Pittsburgh, Pa.
SELLER: CRE Holdings LLC
PROPERTY: 735, 805, 849, 881, 913, 1335 and 1340 Florida Ave., 626, 712, 716, 800 and 900 Cocoanut Ave., 1340 Rosemary Lane, 1317 and 1341 Boulevard of the Arts and an additional portion of Florida and Cocoanut avenues and Rosemary and May lanes, Sarasota
PRICE: $4.5 million
PREVIOUS PRICE: $6 million, February 2004; $1.15 million, $1 million and $282,500, January 2005; and $3.5 million, $666,000 and $23,000, September 2004
LAW FIRM ON DEED: Shumaker Loop & Kendrick LLP, Sarasota

PLANS, DESCRIPTION: An affiliate of Longboat Enterprises LLC purchased 6.5 acres on Cocoanut Avenue, between the Boulevard of the Arts and 10th Street, for $4.5 million.

The price equated to $692,307 per acre. That figure is lower than the two-year average price per acre for retail land ($893,571) in the Tampa Bay area, according to the CoStar Group.