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Business Observer | Business Observer

    By
  • Business Observer Staff
  • February 15, 2019
Bend it like Echelman

The design for the aerial art installation planned for the St. Petersburg Pier District — a piece that will be created by world-renowned artist Janet Echelman, who lives in Boston but grew up in Tampa, Florida — was officially unveiled in late January at

  • News
    By
  • Business Observer Staff
  • February 15, 2019
Business owners head for the exits

As the baby boom generation continues to exert its influence on macroeconomic trends, a record number of businesses were again sold in 2018, according to BizBuySell, a website that helps business owners and brokers sell a business.

  • News
    By
  • Kevin McQuaid
  • February 15, 2019
New York's Red Apple Group planning a "destination block" in St. Petersburg

Developer Red Apple Group hopes to create a building that is accretive to the community when it builds a 200-plus-room hotel and condo tower at 400 Central Ave. in downtown St. Petersburg.

  • Commercial Real Estate
    By
  • Kevin McQuaid
  • February 15, 2019
Market Spotlight: Sarasota.Manatee Retail Market

The Sarasota and Manatee retail submarket has enjoyed steady activity over the past four years, with shrinking occupancies and rising rental rates. At the same time, development has largely been limited to certain sectors and projects.

  • Commercial Real Estate
    By
  • Kevin McQuaid
  • February 15, 2019
Nuveen buys Tampa apartments for $62 million

Nuveen Real Estate, the affiliate of the Teachers Insurance & Annuity Association, has purchased the 5 West apartments in Tampa's Rocky Point, it's third major multifamily rental project in the region in the past 18 months.

  • Commercial Real Estate
    By
  • Kevin McQuaid
  • February 15, 2019
Key Logistics Center building sells — again

Chicago-based logistics leader GLP spent $47 million to buy a Lakeland Ikea fulfillment center run by DHL Supply Chain, part of a portfolio deal involving multiple properties worldwide.

  • Commercial Real Estate
    By
  • Kevin McQuaid
  • February 15, 2019
NAIOP Hall of Famer's "Fan Club" well deserved

CRE Consultants' Managing Partner and former Florida Market Leader at CBRE Inc. Ray Sandelli was recently inducted into the NAIOP Tampa Bay's Hall of Fame, and former colleagues marked the occasion to create a "Fan Club" for him

  • Commercial Real Estate
    By
  • Business Observer Staff
  • February 15, 2019
In Memoriam: Barbara Dell, 1952-2019

Barbara Dell died Jan. 1 after battling cancer. She was 66.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • February 14, 2019
Pharmacy, owners to pay $775K to resolve kickback scheme allegations

A Sarasota pharmacy was accused of engaging in an illegal kickback scheme to induce the referral of compounded drug prescriptions for Tricare and Medicare beneficiaries.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • February 14, 2019
Grocery chains subtly seek to raise prices

From diapers to dog food, grocery prices in wide range of categories are on a five-year increase in prices, according to a new study.

  • News
    By
  • Business Observer Staff
  • February 14, 2019
Area tech firm promotes executive to top post

David Wirta has been named president of managed IT services provider Vology.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • February 14, 2019
Public relations agency snags exclusive resort as client

Paradise Advertising & Marketing will handle promotions for LaPlaya Beach and Golf Resort in Naples, touting recent renovation.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • February 13, 2019
Bank unveils new name, plans for expansion

First State Bank of Arcadia, now Crews Bank & Trust, plans to open a full-service office in Sarasota County soon.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • February 13, 2019
Real estate brokerage acquires rival, doubles in size

Tampa, Florida-based Pineywoods Realty, a division of Katz Capital, has acquired Brandon-based Kings Realty & Property Management, doubling its property management portfolio to more than 1,000 doors and adding 10 new property managers to its team.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • February 13, 2019
Brisk sales reported in luxury condo development

First three buildings in 205-unit Genova near Coconut Point in Estero have sold out as construction remains underway.

  • Charlotte–Lee–Collier
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