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News

    By
  • Business Observer Staff
  • January 29, 2010
Ohio's Maruti Properties buys airport hotel

Maruti Properties LLC, a limited liability company headed by Kaushik Patel, purchased the 90-room Comfort Inn & Suites Airport southeast of the interchange of County Highway 865 and Interstate 75 for $3.7 million.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • January 29, 2010
Plumbing owner buys Sawyer Road building

Joybill 5600 LLC, a limited liability headed by Joyce Milligan, purchased a 10,000-square-foot warehouse on five acres just off Sawyer Road north of Clark Road for $900,000.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • January 29, 2010
Vesta Equity buys Lakewood Ranch building

Real estate investment fund Vesta Equity in Sarasota purchased a 22,480-square-foot office building on Professional Parkway south of University Parkway for $2.88 million.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • January 29, 2010
LWR Communities sees sharp improvement

LWR Communities reports there are only 206 homes listed for sale in Lakewood Ranch down from 805 home on the market in February of 2007.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • January 29, 2010
Greystar, Praedium buy St. Pete Apartments

Lincoln Shores Associates LLC, a joint venture of Greystar Real Estate Partners and The Praedium Group, purchased the 631-unit Lincoln Shores Apartments east of 4th Street in the Gateway area of St. Petersburg for $24.2 million.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • January 29, 2010
Westfield Group buys Dillard's store

Little Rock, Ark.-based Dillard's sold it's 98,156-square-foot department store in Westfield Sarasota Square Mall near Potter Park Drive to the Westfield Group for $3 million. The purchase price equated to $31 per square foot of building space.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • January 29, 2010
AutoWay subsidiary buys Red Hoagland land

A subsidiary of AutoNation Inc., First Team Ford of Manatee Ltd., purchased the Red Hoagland Pontiac GMC dealership on U.S. 41, south of State Road 70, for $6 million.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • January 29, 2010
Colliers Arnold rebranded Colliers International

Following the planned new merger of Colliers International and FirstService Real Estate Advisors, Clearwater-based Colliers Arnold announced that it will rebrand its offices and operations as Colliers International.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • January 29, 2010
Cedar Mountain buys Shadow Pines

Cedar Mountain Investments LLC, an investment group headed by Tampa's Robert Uhle, purchased the 48-unit Shadow Pines Apartments at the northwest corner of 15th Street and 122nd Avenue for $1.2 million.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • January 29, 2010
Warehouse landlords see relief from Haiti supplies

Haiti supplies may need to be stored in warehouses along the Gulf Coast.

  • News
    By
  • Jean Gruss
  • January 28, 2010
Reset for Recovery

Gulf Coast office buildings now offering cheap rents and plentiful space will eventually attract new businesses.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • January 27, 2010
Business survey brings good news

A slight majority of American business owners say 2010 won't be so bad after all, according to a recent survey commissioned by Grant Thornton International, a global accounting firm.

  • News
    By
  • Business Observer Staff
  • January 23, 2010
Short sales suggest more price drops

There's a lot of important trend numbers to follow in the current residential foreclosure spike, but Peter Murphy, president of Tampa-based Home Encounter, sees one number as most important — 71%.

  • News
    By
  • Business Observer Staff
  • January 22, 2010
Office business takes major hit

The moribund office furniture business in the Sarasota-Bradenton market could be on its last legs.

  • News
    By
  • Business Observer Staff
  • January 22, 2010
Reading foreclosure tea leaves

Last year's foreclosure activity on the Gulf Coast suggests that any real estate recovery this year will be uneven.

  • News
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