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News

    By
  • Business Observer Staff
  • November 28, 2008
Commercial Real Estate Briefs

MCC to build medical tech centerInterShow suggests Palm dealfor parking, center, hotelStarwood buys 2,500home sites in three statesWendemen Constructionhired to build condo lobbyQuincy Investments suggestsnew Payne Park Village for siteB of A buys Countrywide Tampa officeB.E.T.-ER Mix ownerbuys Gibsonton landWade Trim, Renker Eich Parksdesign school renovationFulton, Tenn., couple buysCarrolwood Window warehouseFulton, Tenn., couple buysCarrolwood Window warehouseWalgreens buys landin Port CharlotteMillenium Partners 2 buysMurdock Family Medical Center

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • November 20, 2008
Commercial Real Estate Briefs

Naples Bay Resort becomes The ShoppesRiverside Investors LLCbuys Colonial commercial landLennar Homes LLCbuys more Bella Terra landDeAngelis Diamond finishes Collection at VanderbiltStrackbein Constructioncompletes yacht Club, marinaAndros Boatworks moves to larger buildingBradenton businessmandeveloping Parrish daycareW.S. Badcock Corp. buysSarasota furniture storeBovie Medical Corp. buys building, movingFlorida State Fair Foundationbuys warehouse, modelsFirst Intermediary Corp. buysJ.W. Conner & Sons propertyNAI Tampa Bay Commercialadds valuation servicesKona Grill restaurantsigns to lease at Met West

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 20, 2008
Coffee Talk

+ Dust off the robes,and start foreclosingThe rise in foreclosures in Lee County has been so large that retired judges are getting called up for duty, says Lee County Clerk of Courts Charlie Green. + Entrepreneurial superstarssearch continuesTwo successful entrepreneurs in Sarasota - one being one of the most successful businessmen on the Gulf Coast - are trying to spread the build-a-business love. Local bank surprise:Free moneyMost bankers aren't fond of handing out cash on the street to total strangers.+ Golfing for charity,building a businessIf you hear a little music, a little laughter, a blue tent and beer when you pull your golf cart up to the next hole, you may have discovered a new Gulf Coast business started by Clearwater entrepreneurs Pam Delaney and Justina Hopkins.+ Tampa Bay becomesa championship hostSomewhere, maybe everywhere, there are hoteliers cheering.+ Christmas shoppingfor a cancer cureWith the holidays approaching, Tampa's Moffitt Cancer Center and Mall Networks, a provider of merchant-funded loyalty shopping concepts, have come up with a way to marry shopping and fundraising for cancer research.AUGUST AUTO SALESWhat the data shows: August taxable sales of autos and accessories include the sale of new and used cars, repair shops, auto-supply stores and taxable sales at gasoline stations.Waiting in the wingsThe softer economy has touched just about every Gulf Coa

  • News
    By
  • Business Observer Staff
  • November 14, 2008
Commercial Real Estate Briefs

Local investors buy Sanibel Islander's CenterChick-Fil-A companybuys land for restaurantSunshine Structures finishes work on Pine Jog ElementaryLandmark buys Lakeside North at CarrollwoodBelleair Development Groupbuys Port Richey Lone StarThree companies buy share inMidtown Professional Center1st Manatee Bank buys Cortez branchConnecticut investorbuys Venice warehouseAPAC-Southeastreceives resurfacing contractSarasota's Players Theatreuses grant for improvementsHolland Landscaping Service improving Honore Trail ParkContractor to start secondbuilding in commerce park

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 14, 2008
Coffee Talk

+ The first change:A run on gunsBusiness has soared in the past month and a half at Shoot Straight, a chain of Florida gun shops in Tampa, Casselberry and Apopka.+ The list no onewants to be onCoStar Group, the firm that tracks commercial real estate on the Gulf Coast, recently highlighted a list of the largest problem loans in the country.+ Global construction firmlikes local marketA Portuguese-based international construction giant is entering the Gulf Coast market - and thanks to the industry slump it's doing so at a heavy discount, by buying a $100 million Manatee County company for $33.7 million. + New retailers stillstream to the Gulf CoastIt may turn out to be a dreadful holiday shopping season, but that doesn't mean new retailers have given up on the Gulf Coast.+ Entrepreneur findsright market, right timeJohn Barry had no idea how clairvoyant he was three years ago when he set out to launch his own global bonds information business from Sarasota.+ Hurricane Charleynot ancient historyIt's been four years since Hurricane Charley blew through the Gulf Coast, but we are reminded of its lingering impacts on so many businesses even today. + Rebuilt, rebranded, reborn,renamed ChappellRobertsThe transfer of ownership and authority at Tampa's Roberts Communications finished going full circle this month.+ Going green goesthe world of GoogleJust when you thought you'd heard everything

  • News
    By
  • Business Observer Staff
  • November 6, 2008
Coffee Talk

+ Riverside Bank feels regulator's pressureNow we know why a group of Brazilian investors is buying Riverside Bank of the Gulf Coast for $1.+ The sweetscent of victoryWinning baseball dramatically helped the Tampa Bay Rays this year, but so did atmosphere.+ Something old, something new: Homebuilder survivesA combination of old land deals and new pricing strategies has resulted in an odd occurrence for Lakewood Ranch-based Neal Communities, one of the leading homebuilders in Sarasota and Manatee counties: The company has increased year-to-date sales over 2007. Even more surprising, it plans on making a profit this year. + Economy-based humorlingers, even as bank expandsGrim jokes about the struggling financial-service industry were flying fast and furious recently as Northern Trust broke ground on a new two-story building in Fort Myers. + Franchise company hits YouTube for marketing pushAttention plumbers, electricians and air conditioning repairmen - or fans of anyone in those hard-labor professions: Get ready to tap into your inner Steven Spielberg.+ Another familyfeud at Alico?It was only a few years ago that the heirs of Ben Hill Griffin Jr. settled their feud over the future of LaBelle-based agribusiness giant Alico.+ Capital runs short for a second bank turnaroundFederal and state regulators have shut down another effort to save a troubled Bradenton-based bank.Going green goes the world o

  • News
    By
  • Business Observer Staff
  • November 6, 2008
Commercial Real Estate Briefs

Massachusetts investor buys Charleston SquareRyals Citrus, Cattle Ranchdoubles ranch landInvestor group buys,rezoning Daniels landDairy Queen franchise company buys storeThe Adler Group Inc. buys 15 buildingsin Breckenridge ParkBoynton Beach company buys Jackson Heights ApartmentsKimco Realty Corp.buysDale Mabry Albertsons store

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • October 30, 2008
Commercial Real Estate Briefs

Fort Myers physician buys buildingRegent Properties buys land,betting on residential recoveryPort Charlotte buyers acquire Courtyard Retirement CentreGora/McGahey Associatesdesigns Coronado High SchoolIrish group buys Citrus Falls CommonsCapital Realty Investorsbuy Selmon's Plaza in LargoCapital Realty Investorsbuy Selmon's Plaza in LargoW.S. Badcock Corp.buys Ruskin store, franchiseMobile Home Depot owner buys Antique MallBenderson Developmentfiles revised BofA plansAfter reorganization,Patrick regains Tropic IsleMedical Education Technologiesplans Bee Ridge expansionSam Rodgers Homesstart work on 'Gran' clubhouse

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • October 30, 2008
Coffee Talk

+ How lowcan Chico's go?The stock of Chico's FAS, the Fort Myers-based women's apparel retailer, hasn't sunk this low since December 2000.+ Economic fallout:additional lawsuitsSo much for a decline in lawsuits filed against businesses. + Simple advicefor selling propertyReal estate has taken a big hit in today's economy, but there is still buying, selling and construction on the Gulf Coast.+ Brazilians buyRiverside BankA group of Brazilian investors plans to buy Cape Coral-based Riverside Bank of the Gulf Coast with promises to put $23 million in new capital into the struggling bank, according to an application filed with the Florida Office of Financial Regulation.+ Technology company scores with new advisersA little known Bradenton-based solar energy company has hit the big time with its roster of senior advisers by successfully recruiting a pair of former high-level federal officials from the Bush Administration. + Commercial real estatesales move alongWhile not yet reaching trend status, the news squeaking out of some commercial real estate pockets of the Gulf Coast is surprisingly good.+ Urban Studio Architectsheads to the MidwestMickey Jacob's Tampa firm, Urban Studio Architects, has done work outside of Florida before. + CorrectionIn the Review's Oct. 17-23, 2008 issue a real estate brief listed a wrong acreage. GULF COAST UNEMPLOYMENTWhat the data shows: Local area une

  • News
    By
  • Business Observer Staff
  • October 23, 2008
Coffee Talk

+ Economic incentives:Be careful what you getAs is the case with just about every daily newspaper in the country, the Sarasota Herald-Tribune, owned by the New York Times Co., is struggling to survive the economic downturn.+ Ellert leavesFifth Third BankAfter just nine months as president and chief executive officer of Fifth Third Bank South Florida, Kent Ellert has left the bank.+ ForeclosuresDaily falters,but will continueIt is somewhat counterintuitive that a company focused on foreclosures should be in desperate financial straights.+ Gulf Coast entrepreneurto run for local officeAlan Zirkelbach, one of the more accomplished entrepreneurs on the Gulf Coast, is making a run in the political arena.+ Early Halloween scare:Economist's predictionsIt's not even Halloween yet and Robert Allsbrook, the chief economist for Regions Bank, is already scaring the wits out of business owners on the Gulf Coast. + Africa is calling.Is the Gulf Coast answering?What area is rich in natural resources, has a good workforce and is looking for Gulf Coast industries to partner and do business with?+ Homebuilders groupstake out the 'homebuilders'Apparently, there's a lot in a name. Just ask Jane Goodwin, executive vice president of the organization formerly known as the Home Builders Association of Sarasota County.

  • News
    By
  • Business Observer Staff
  • October 23, 2008
Commercial Real Estate Briefs

Juniper Communities buys Naples ALFFort Myers hoteliersbuy Naples Super 8 MotelBelleair Development Groupplans Skyline Boulevard 7-ElevenJBM Realty Advisorslisting River Reach ApartmentsHealth Care REIT funding Windsor facility in VeniceHide-Away Storage Servicesplanning Fruitville facilitySpec Building Materialsbuys Bradenton warehouseStarwood Land Venturesinks N.C.-acquisition dealKennedy Investments buys Hanna warehouseProBuild Holdingsbuys Plant City warehouseDEV Hospitalitybuys Clearwater Wingate Road, Shops at Wiregrass,set to open in October

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • October 16, 2008
Commercial Real Estate Briefs

Technical high school construction completeLandmark Residential buys Colony At El ConquistadorU.S. Postal Servicesbuys land for McIntosh annex Myakka City cattle rancherbuys additional 220 acresCounty micro surfacingeight-neighborhood roadsCharles & Chase Groupstarts Regency House phase twoPunta Gorda Lodging buys Hilton landBrookwood Value Partnersbuys Bella Vida home lotsNaples investor buysJPMorgan Chase building Rollin' Oats owners buy Nature's Harvest storeSchool District of Pasco Countybuys Handcart property Kissimmee area Patel familybuys Tarpon Springs innTower Realty Partners Inc.to lease Tampa office building

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • October 16, 2008
Coffee Talk

Economy rainson home paradeThe economic downturn is raining on the fall parade of homes.un Hydraulics founder,plant innovator, diesRobert Koski, the co-founder of Sarasota-based Sun Hydraulics who pioneered flat corporate hierarchies long before the idea became corporate dogma, died Oct. 11. He was 79.Super visiting time,just in timeThe Gulf Coast is getting ready to host the Super Bowl in February and just in time for the game and its visitors, the new 255-room, 16-story Westin Hotel will open its doors on Tampa's Courtney Campbell Causeway, just west of the Hyatt.Sarasota group aimsfor elected in mayorA plan to create an elected mayor system of government, albeit in a watered down plan, is coming back to Sarasota.dvertising firmsupset with EDCsShould economic development groups hire local marketing firms?Dear Joy:Gendusa gives adviceYou can't fault Joy Gendusa for not taking the personal approach.Fort Myers airportgets more destinationsAirlines keep trimming service at airports around the country, but Southwest Florida International Airport in Fort Myers is getting three new airline destinations this winter, according to Bob Ball, the airport's director.

  • News
    By
  • Business Observer Staff
  • October 9, 2008
Commercial Real Estate Briefs

Origin Capital buys 14 Lee County homesSellstate Professional Realtyowners buy North Cape CentreSchool Board of Lee Countybuys 19-acre Buckingham ChaseBCBE renovatingVillage on Venetian BayColorado REIT UDR buys Vintage LoftsNiagara Falls, N.Y. firmbuys Fowler Pilot Bank branchBZ Properties buys, renovating Clearwater retail strip centerSovereign Investment buys Ruth's Chris buildingMosaic Fertilizer buys270 acres from G&D FarmsFDOT buys SR-64 land,for roadway expansionSovereign Investment Co.buys Ruth's Chris building

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • October 9, 2008
Coffee Talk

+ Lee development... in 2014?Investors betting on future residential land development in Lee County may have to wait a little longer than anticipated, if a recent deal there is any indication.+ Are you in?Ad campaign hopes soWhat do a police chief, a bombastic Hall of Fame TV sports personality and the president of an arts and design college have in common?+ Winning changes everything,on and off the fieldWhat a difference a year makes at the ol' ballgame.+ Ayn Randfor every studentEvery student at Florida Gulf Coast University who signs up for the new free-markets course that will be taught there will receive a copy of Atlas Shrugged, the pro-capitalist novel by Ayn Rand.+ + Incumbent congressmanbuilds big lead in one pollOne of the most contested congressional races in the country taking place in Sarasota and Manatee counties might not be much of a contest after all, if a new poll is accurate. + Florida businesshopes to attract neighborsThe Florida real estate market is really hot after all. + Goodbye, bulletin boards, Hello, eDeanThe days of posters and paper stapled and tacked to cork college bulletin boards outside of class buildings and in libraries and dining halls may be quickly coming to an end, thanks to a two-year-old Tampa technology company.+ Put away the Capeopolyuntil next yearCapeopoly, the annual Cape Coral confab that used to draw hundreds of real estate business executi

  • News
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