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Business Observer | Business Observer

  • For Subscribers Only
    By
  • Louis Llovio
  • March 18, 2024
Nearly $1M paycheck tax scheme lands Fort Myers businessman in prison

The owner of a Fort Myers company that sold phone cards to prisoners is heading to prison himself for not paying IRS tax money collected from employee paychecks.

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Jim Stinson
  • March 18, 2024
Hillsborough County man convicted of federal pandemic loan fraud

A federal jury has found Alexander Alli, of Riverview, guilty of conspiracy to commit wire fraud and two counts of wire fraud.

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Mark Gordon
  • March 18, 2024
Sarasota mayor: Quit bashing would-be developers, projects

Liz Alpert says people considering investing in the city should be treated with courtesy, even if the project isn't in line with what people think it should be.

  • Manatee-Sarasota
  • For Subscribers Only
    By
  • Louis Llovio
  • March 17, 2024
Lakeland shopping centers bring $60 million as part of three-state deal

In the week's top commercial real estate news, a 1,200-acre farm for sale in Charlotte County, $6 million for a community center and up to 1,200 apartments coming to Sarasota mall site.

  • Florida
  • For Subscribers Only
    By
  • Mark Gordon
  • March 15, 2024
Hertz CEO resigns, to be replaced by former GM, Delta Airlines exec

Gil West is the fifth CEO of the car rental brand in the past seven years.

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Louis Llovio
  • March 15, 2024
Fort Myers office park sells for record-'shattering' $92.5 million

LQ Commercial sold the 41-acre industrial property to a Pennsylvania REIT for what it says is a record amount.

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Louis Llovio
  • March 15, 2024
Trader Joe's to open Pinellas County store

The California grocer posted on its website that it will open "soon" on U.S. 19 in Palm Harbor.

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Mark Gordon
  • March 15, 2024
Private equity-backed Miami car wash expands in Southwest Florida

Miami-based El Car Wash, with one location in Naples and one in Fort Myers, is expanding in Southwest Florida with an acquisition.

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Louis Llovio
  • March 14, 2024
Alamo Drafthouse to debut in Naples with a twist: Indoor mini golf

Following a trend to find ways to draw people to movie theaters, the Alamo Drafthouse at Mercato will have a nine-hole miniature golf course and a lounge in the lobby when it opens.

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Jim Stinson
  • March 14, 2024
BayFirst names loan production star president of SBA unit

St. Petersburg-based BayFirst promoted Christopher Hackney to president of lending for Small Business Administration and U.S. Department of Agriculture.

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Mark Gordon
  • March 14, 2024
Paul Fleming Restaurants to open diner in Founders Square

Lake Park Diner, which began from a food truck and is now run in part by Paul Fleming Restaurant Group, is readying to open its second Naples location.

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Mark Gordon
  • March 14, 2024
Prolific multi-brand firm buys another Midwest manufacturing business

The Hoffmann Family of Cos. in Naples has announced its second manufacturing company acquisition in the past 10 days.

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Mark Gordon
  • March 13, 2024
Lakewood Ranch construction company names new president

A pair of leaders at Lakewood Ranch-based Tandem Construction have been promoted.

  • Manatee-Sarasota
  • For Subscribers Only
    By
  • Louis Llovio
  • March 13, 2024
Florida's 573 Family Dollar stores in crosshairs as chain closes 1,000 stores

Dollar Tree announced Wednesday that it is closing 970 Family Dollar and 30 Dollar Tree stores, starting with 600 early this year.

  • Florida
  • For Subscribers Only
    By
  • Louis Llovio
  • March 13, 2024
Report: New home permits down 15% in Tampa-St. Pete, 34% in Naples

A new study finds that nationally and in Florida, permits for new homes fell for the second straight year, making it more difficult for buyers in an already-crowded market.

  • Florida
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