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Business Observer | Business Observer

    By
  • Business Observer Staff
  • May 30, 2014
Fraudulent home inspector sentenced

Authorities say a Palm Harbor company created fraudulent inspection reports when it couldn't keep up with requests for services.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • May 30, 2014
North Port's Thomas Ranch sells for $86.25M

Mattamy Homes bought the 9,650-acre ranch to start developing it in pieces starting in 2016.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • May 30, 2014
County opens baseball academy

Lee County unveiled a new professional player-development facility in Fort Myers for the Minnesota Twins baseball team thanks to nearly $50 million in upgrades to the county's stadium.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • May 30, 2014
Alico out of sugar

Fort Myers-based agribusiness company Alico is getting out of growing sugarcane.

  • News
    By
  • Business Observer Staff
  • May 30, 2014
Still in it after they win it

Winning the lottery, it turns out, isn't a ticket to the good life for many entrepreneurs.

  • News
    By
  • Business Observer Staff
  • May 30, 2014
IPO market gets chilly

The once-hot IPO market could be cooling down, at least on the Gulf Coast.

  • News
    By
  • Business Observer Staff
  • May 30, 2014
Investors buy Morgan House for new downtown restaurant

Joseph Florentine and Donald Tyree, the president and operations manager of Affordable Secure Insurance, purchased the 5,155-square-foot Morgan House Restaurant building for $825,000.

  • Charlotte–Lee–Collier
    By
  • Mark Gordon
  • May 30, 2014
Delayed Recovery

The first three months of 2014 were solid, if not spectacular, for several commercial real estate brokers. But statistics show a widespread recovery remains elusive.

  • Manatee-Sarasota
    By
  • Jean Gruss
  • May 30, 2014
A New Cycle

Commercial real estate firms position themselves to benefit as buildings fill with new tenants and rents rise. Commercial Property Southwest Florida, the Cushman & Wakefield office in Fort Myers, is boosting its ranks.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • May 30, 2014
No retirement for Reitmann

Michael Reitmann, the man who led the home building association in Lee County for 27 years, has come out of retirement to lead the organization that's been beset by staff resignations.

  • News
    By
  • Business Observer Staff
  • May 30, 2014
Minnesota's Cortec Corp.opening plant in Sarasota

A company led by Boris Miksic, president and CEO of St. Paul, Minn.-based specialty chemical company Cortec Corp., purchased a 33,335-square-foot manufacturing facility in Parkland Centre for $1.4 million.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • May 30, 2014
Laramar Group, Lubert-Adler buy South Tampa's The Cove

Chicago's The Laramar Group and Philadelphia-based real estate investment company Lubert-Adler Partners LP purchased the 689-unit The Cove apartments for $53.03 million.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • May 30, 2014
Tampa's Metis Property Group buys Oakwood Village Apartments

Metis Property Group purchased the 120-unit Oakwood Village Apartments in Palmetto for $1.2 million.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • May 30, 2014
Carroll Organization, AIMS Real Estate pay $122.5M for West Park Village

A joint venture of Atlanta-based Carroll Organization and AIMS Real Estate, a business unit within Goldman Sachs Asset Management, purchased the mixed-use West Park Village for $122.5 million.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • May 30, 2014
Tampa urologist buys building, plans cancer treatment center

Tampa urologist Dr. Malcolm Root of Florida Urology Partners LLP purchased a 4,416-square-foot medical office building for $1.3 million.

  • Tampa Bay-Lakeland
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