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Business Observer | Business Observer

    By
  • Business Observer Staff
  • May 6, 2011
Penn-Florida, Edge Principal Advisors buy Lakeview Center, Eastpointe

A joint venture partnership purchased a mortgage covering the Lakeview Center and Eastpointe office buildings from GE Capital and took ownership of the properties in lieu of foreclosure.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • May 6, 2011
Michigan investors buy Cape Grande land

Farmington Hills, Mich., investor John Kulhavi purchased a 3,254-square-foot office building on 3.1 acres fronting the Caloosahatchee River for $1.45 million.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • May 6, 2011
Railhead Recycling developing paper baler

The owners of Railhead Recycling purchased a 26,000-square-foot manufacturing building on three acres for $1.4 million.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • May 6, 2011
Blue Rock Partners buys Palm Grove Apartments

Tampa-based Blue Rock Partners LLC purchased the 244-unit Palm Grove Apartments for $5.55 million.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • May 6, 2011
Miami contractors buy, developing Bella Casa

A Miami company purchased 26 completed units and another 120 partially developed units in the Bella Casa condominium development for $2.4 million.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • May 6, 2011
Sarasota P.F. Chang's still in the works

Approval work continues for a P.F. Chang's China Bistro in downtown Sarasota.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • May 6, 2011
Taylor-Pansing hired to renovate McCollum Hall

The City of Fort Myers approved a continuing contract with Taylor-Pansing Inc. to act as construction manager-at-risk for the first phase of the roofing and stabilization of McCollum Hall.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • May 6, 2011
Nokomis investors put contract on El Patio Hotel

David and Susan Macrae of Nokomis have signed a contract to buy the historic El Patio Hotel in Venice for $2.2 million. The agreement, which is still in its due diligence period, is scheduled to close in May.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • May 6, 2011
Corporate Report: May 6

The latest news from Ceelox Inc., Technology Research Corp., and other Gulf Coast companies.

  • News
    By
  • Business Observer Staff
  • May 6, 2011
Lee, Collier housing starts up

Falling inventory in subdivisions leads to increased construction activity.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • May 6, 2011
Home prices suffer double dip

Tampa prices down 13%; nationwide prices below March 2009 levels.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • May 6, 2011
What is the risk in this market?

The stock market is in a confusing posture. Slowly, investors are coming back, and the market continues to creep upward. But, it may not be wise to commit too much more of one's cash to stocks.

  • News
    By
  • Jean Gruss
  • May 6, 2011
What would Ayn Rand say?

From high-speed rail to Jackson Laboratory and the Boston Red Sox spring training stadium, Florida politicians and bureaucrats keep meddling in the markets, says Yaron Brook. His message: Get out of the way and let entrepreneurs fuel the recovery.

  • News
    By
  • Business Observer Staff
  • May 6, 2011
Property insurance bill passed

Legislature sends property insurance bill to governor to sign.

  • News
    By
  • Carl Cronan
  • May 6, 2011
Rental Restyling

Developer Phil Farley is turning an old public housing complex into Urban Style Lofts. The key is attracting the young clientele who will make it work.

  • Tampa Bay-Lakeland
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