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News

    By
  • Business Observer Staff
  • November 25, 2009
The news is brought to you by ...

A new online business and news magazine for parts of the Gulf Coast has a group of financial backers that is raising eyebrows: At least 10 local governments and public-private organizations supported by business and individual taxes.

  • News
    By
  • Business Observer Staff
  • November 25, 2009
GM, Tampa and corporate PR

The Tampa Bay market has a prominent place in General Motors' latest marketing strategy — a city-by-city, grassroots campaign to improve the company's tattered image.

  • News
    By
  • Business Observer Staff
  • November 25, 2009
Better luck next time

Bank of Florida, the three-bank holding company in Naples, was forced to postpone a plan to raise at least $71 million after investors shunned its stock offering (symbol: BOFL).

  • News
    By
  • Business Observer Staff
  • November 25, 2009
Company seizes opportunity

Homeowners associations are well-documented victims of the recession: Across Florida, HOA boards and developer-owned communities are in dire cost-cutting modes, as the amount of homeowners left to pay dues shrinks with every foreclosure.

  • News
    By
  • Business Observer Staff
  • November 25, 2009
Add FDIC Friday to the holiday calendar

Betting on which Gulf Coast bank is going to fail next has become a grim sport for bankers.

  • News
    By
  • Business Observer Staff
  • November 25, 2009
Minnesota bank enters Fort Myers

Minnesota-based Central Bank grew out of the last recession when Naples part-time resident John Morrison acquired the struggling bank with the help of regulators in 1988.

  • News
    By
  • Mark Gordon
  • November 25, 2009
Workout World

A pair of commercial real estate veterans has formed a business born of the recession, to help banks and landlords navigate the miserable market. It could be a big business.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • November 25, 2009
Technology group ushers in changes

A four-year-old support organization for technology executives and entrepreneurs in Sarasota and Bradenton is getting a new name and a new partner.

  • News
    By
  • Business Observer Staff
  • November 24, 2009
First Financial Network selling $190-million in loans

An undisclosed Florida bank is looking to unload a lot of its Gulf Coast mortgage risk.

  • News
    By
  • Business Observer Staff
  • November 23, 2009
Did jobs actually increase or decrease?

Most published versions of Florida's latest unemployment numbers will quote 8,500 as the number of jobs “lost” from September 2009 to October 2009. However, 20,800 more individuals were working in October than in September.

  • News
    By
  • Business Observer Staff
  • November 20, 2009
Sunnyridge Farms buys Plant City warehouse

Winter Haven-based Sunnyridge Farms purchased a 51,000-square-foot warehouse building with refrigerated storage on Jim Johnson Road north of Roberts Ranch Road for $2.9 million.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • November 20, 2009
Residential Management Inc. buys Fisherman's Landing

Brooklyn, N.Y.-based Residential Management Inc. purchased the 256-unit Fisherman's Landing apartments just north of State Road 582 from Aimco for $14.95 million. The purchase price equated to $53,398 per unit.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • November 20, 2009
Fort Myers' Fiber Solutions buys new headquarters

The owners of Fort Myers-based communications contractor Fiber Solutions, purchased the 20,000-square-foot former Metro Plumbing flex building on Metro Parkway north of Crystal Drive for $900,000. The purchase equated to $45 per square foot of total building space.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 20, 2009
IHOP franchisee buys second Naples location

Sunshine Restaurant Partners, an IHOP franchisee for Florida and Georgia, purchased a 4,050-square-foot former IHOP restaurant building near the intersection of Pine Ridge Road and Whippoorwill Lane for $1.1 million. The purchase price equated to $272 per square foot of building space.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 20, 2009
Williams Parker law firm adds to Cross Street holdings

The Sarasota-based law firm of Williams Parker Harrison Dietz & Getzen purchased a 1,792-square-foot office building on Cross St. in the Burns Court area south of downtown Sarasota for $990,000. The office was best known for housing Kimbrough & Koach.

  • Manatee-Sarasota
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