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News

    By
  • Business Observer Staff
  • October 2, 2008
Commercial Real Estate Briefs

City approves Whitaker Yacht ClubChurch buys apartment,plans housing for mothersDeveloper planningPorter Industrial expansionPublix Super Marketsbuys 25 area AlbertsonsOne Liberty Propertiesbuys Naples OfficeMax BG Capital Group buys local Neptune Society building Arthur Hill buys Westshore office buildingStirling Sotheby's Internationalmarketing Sheik Island FarmAssisted-, senior-living facilitysponsored by USF St. PeteLandscape supply firmbuys location in TampaTampa area couple buys Captiva Club apartments, more

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • October 2, 2008
Coffee Talk

+ Holland and Knightgoes to the Middle EastAt a time when many law firms are consolidating offices, freezing hiring, reorganizing or cutting pay, Holland & Knight LLP is expanding.+ Big cash paymentscome at the right timeGevity, the Lakewood Ranch-based publicly traded human resources outsourcing firm, is in the midst of a nine-month run of declining revenues and profits. But it recently received an early Christmas present in the form of a $47-million net gain in payments it had previously earmarked as collateral for worker's compensation claims. + Sell two restaurants,win a MercedesWe've all heard about incentives for brokers to sell more homes. Now that trend is beginning to appear in the slowing commercial real estate business.+ One percent of Forbes 400 on Gulf CoastFour of the 400 richest people in America call the Gulf Coast home, according to the latest ranking by Forbes magazine. The price of admission to the magazine's list this year was $1.3 billion.+ Wiregrass centerplows forwardDespite tight economic times that have forced the closure, shrinkage or stalled expansion of many retailers, the Shops at Wiregrass shopping center project in Wesley Chapel, in south central Pasco County, is still planning for an Oct. 30 grand opening.+ Florida businesshopes to attract neighborsThe Florida real estate market is really hot after all. Sarasota group aimsfor elected in mayorA plan to create an elect

  • News
    By
  • Business Observer Staff
  • September 25, 2008
Coffee Talk

+ Analyst claimsHMA selling overdoneDid investors overreact to the recent resignation of Health Management Associates Chief Executive Officer Burke Whitman?+ New home permitshit new all-time lowThe city of North Port, a onetime tiny retirement village in southern Sarasota County, has grown so fast it recently overtook Sarasota as the biggest city in the county in terms of total population.+ Where's the beef?Making the female pitchTampa-based family sports restaurant chain, Beef 'O' Brady's, is feeling the pinch like all restaurants these days. Bailout watch:Everyone wants a pieceGulf Coast real estate investors are watching the government's proposed bailout closely, wondering if that's going to stem foreclosures and home-price declines.+ Engel steps downafter long EDC tenureThe Manatee County Economic Development Council is adding a new twist to its mission to recruit and keep companies.+ Frozen markets thawed -enough to finish dealNot even one of the biggest collapses on Wall Street and in U.S. financial history could stop The Plasencia Group, a Tampa hotel brokerage, from closing a sale recently.+ Million-dollar problemsgo national in JournalSarasota and Bradenton were recently featured prominently in a long Wall Street Journal story. But it wasn't the type of clip the Chamber of Commerce will be framing anytime soon.

  • News
    By
  • Business Observer Staff
  • September 25, 2008
Commercial Real Estate Briefs

Publix Super Markets buys Longboat Key's Town Plaza IKolter Land Partnersbuys 104 Stillwater lotsFirst Industrial Realty Trustbuys Bradenton auction landPine Avenue Restorationpartners break groundBrookwood Financial companybuys Calusa Creek home lotsCorders Landscape Supply buys Production Circle propertS&O Inc. buys Ortiz,Ballard retail centerForge Capital, DeBartolo buy Fairway Oaks centerPatel family hoteliersBuy, rebrand USA InnThe Sembler Co. appointedAtlanta's top retail developerHills & Associatesjoins Atwell-HicksSt. Luke's Cataract, Laser Institutebuys Dale Mabry bank branch

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • September 18, 2008
Coffee Talk

+ Gulf Coast investorbets big on Applebee'sBurton "Skip" Sack must really have a thing for Applebee's, the casual dining restaurant chain.+ Local builder's groupclose to naming new leaderOne of the leading pro-development groups in Sarasota and Manatee Counties, the Gulf Coast Builders Exchange, is getting ready to name its new executive director.+ Jabil stays in St. Pete,Lear leaves TampaThe news of Jabil Circuit deciding to stay in St. Petersburg was welcome news to Pinellas County, which worked with the state to provide more than $20 million in incentives to keep the electronics assembly company, which employs 1,880.+ Quest followsbike path to new HQQuest Corp. of America Inc., an advertising, marketing and public relations firm in Tampa, recently broke ground on its new Pasco County headquarters in Land O' Lakes.+ Survey: Businesses mustwork to regain consumer trustBankers and Realtors are among the professions on the wrong end of a new nationwide survey from the Better Business Bureau on how much - or more to the point, how little - consumers trust American companies.+ Branching out fromupscale jewelry to deliSuzanne Perry has built Jewelry Hauture, a two-year-old custom-made and designer retail jewelry business in South Tampa, selling high-end jewelry to affluent clients.+ From Neilsen managementto herbal entrepreneurDeserie Valloreo, a former business information systems professional, g

  • News
    By
  • Business Observer Staff
  • September 18, 2008
Commercial Real Estate Briefs

102 Development, RAR-1 LLC buys Collier's Pelican PlazaLee County 20/20buys 31 acres for preserveTaylor Morrison of Floridabuys 21 Treviso Bay lotsStevens Constructionrenovates Florida Hospital ER,Lutgert Cos. renovatingVillage on Venetian BayNew Port Richey trustbuys Woodland OaksTampa investor buysformer PolyGard buildingInvestor buys LeveretteHome Design CenterWestfield seeking approvals to enlarge SouthgateTwo U.K. companiesbuy Venice commercial landBradenton real estate partnersbuy Morgan Johnson landSchenkelShultz Architecturedesigns unversities joint-use facilityBank forecloses on Mariner

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • September 11, 2008
Commercial Real Estate Briefs

Chiropractor, Realtor buy Punta Gorda ClubWilliams Scotsman moving,consolidating operationsCharlotte County buys1,600 acres of Ryals RanchCape Coral issues RFPs,for two city-owned sitesConstruction begins on newshopping center in NaplesDock N Dine LLC buys Sarasota's CoastersTucson, Ariz., investorsbuy Pods Sarasota warehouseRingling Pointe developersdemolish former school building

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • September 11, 2008
Coffee Talk

+ Game, set . . .tennis exec watchedOne of the Gulf Coast's leading sports industry executives might be in line for a big promotion. + World bankeroptimistic about FloridaSheila Bair, chairwoman of the Federal Deposit Insurance Corp. - also known as the world's second most powerful woman, according to the Aug. 27 issue of Forbes - hit Sarasota recently with a sobering message for Gulf Coast bankers: The worst is yet to come. + Builders burnedabout election resultsMichael Reitmann thinks Lee County is on its way to becoming more like Collier County after a trio of Republican incumbents won their Lee County Commission primaries on anti-growth platforms.+ The commissioneris coming to townThe buildup to Tampa's Super Bowl XLIII preparation will heat up a little more Oct. 13 when NFL Commissioner Roger Goodell comes to town.+ Philosopher brokerleads Tampa officeLucas Hewett, the new managing director of the Tampa region for GVA Advantis, does not hold an MBA or accounting degree. Nor did he intern at a financial services firm in college.+ Lee leaders seekstimulus packageEconomic stimulus and rescue packages are all the rage these days.+ Gulf Coast Apple guruutilizes advantageHere's one way to beat the economic blues: Run a business that is devoted to all things Apple - the computer company that continues to outperform its peers in an industry-wide slump, thanks to hot sellers like the iPod and the i

  • News
    By
  • Business Observer Staff
  • September 4, 2008
Commercial Real Estate Briefs

Whimsical Arts buys former Buddhist retreatRestaurant chain Mattison'smay close Longboat steakhouseNorth Port Storage Zoneadds partner, changes nameCounty issues DRIfor Lakewood CentreAdler Group buys two airport-area parksInvestor group buys PalazzoVillage at Quail CreekVine Ripe specialties buys Canal Street buildingsMarcobay buys Kuehne & Nagel warehouseIllinois investor buys buildingfor Goodard School,br>Marcobay buys Kuehne & Nagel warehouseIllinois investor buys buildingfor Goodard SchoolBoston investment firm buysUlmerton industrial building

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • September 4, 2008
Coffee Talk

+ Bank regulators seek coverBanking regulators are feeling the heat from Congress, and in turn they're putting pressure on Gulf Coast banks just as the regional economy struggles.+ Fowler White attorneysplit is amicableAbout 20% to 25% of the attorneys at Fowler White Boggs Banker in Tampa will be leaving the Tampa law firm Oct. 31. But they won't be going far.+ Lee County consultant:Raise taxesYou would think that raising taxes would be the furthest thing from the minds of Lee County commissioners, especially with the way the economy is going.+ Bank media guruplans for 'buyer's' marketOne of the Gulf Coast's most recognizable names in banking media relations has formed her own public relations firm.+ J. Christopher's looks to growBe on guard, First Watch.The Bradenton-based breakfast-brunch-and-lunch restaurant chain will likely face more competition from Atlanta-based J. Christopher's Restaurants LLC.+ Consultants to bringfirepower, ideas, to the publicA group of consultants and business gurus who have worked with numerous Gulf Coast chief executives on issues from budgeting to branding are bringing their road show to the public in a seminar scheduled for later this month.+ The next John Grisham?Cranking in Hyde Park?Cody Fowler Davis, a successful civil trial attorney and a member of a prominent Tampa family, is about to become a published author again.+ Horse droppingsto light up 1,40

  • News
    By
  • Business Observer Staff
  • August 29, 2008
Coffee Talk

+ Awards are nice,sales are nicerTop 10 lists aren't what always what they appear.+ Rooney buysKraft ConstructionWhen Kraft Construction Co. Chairman and Chief Executive Officer Fred Pezeshkan hinted to the Review about a joint venture a few weeks ago, turns out the deal was a little more than that.+ CNL makesanother big buyCNL Commercial Real Estate, which bought Two Harbour Place, a 12-story office building on Harbour Island in downtown Tampa in January, said it was bullish on Tampa Bay.+ Money in motiongains speedHere's another sign of life in the residential real estate industry. It's what mortgage broker and real estate investor Jeff Tumbarello calls "money in motion."+ What brain drain?Seeking to turn the tideA trio of Sarasota-area business have dropped a plug into the so-called brain drain of college students and young professionals leaving the Sunshine State for supposedly sunnier opportunities elsewhere.+ Naples visitorcount rises in JuneThe number of visitors staying at hotels in the Naples area rose 3.5% to 110,700 in June compared with the same month last year, according to research by Research Data Services for the Naples, Marco Island, Everglades Convention and Visitors Bureau.+ Mountain man holdsmountainous optimismDoug Dieck is president of the Tampa office for development company Ryan Southeast, which designs and builds commercial buildings.+ ClarificationThe const

  • News
    By
  • Business Observer Staff
  • August 29, 2008
Commercial Real Estate Briefs

Medi-Weightloss Clinics buys new headquartersApartment investor Mallahbuys Oceanside ApartmentsLutgert Cos. renovatingVillage on Venetian BayCoral Gables bankerbuys St. Pete warehousesInvestment group buysOld Dixie Highway RV ParkCanberra Investments addsto White Lake park holdingsPennsylvania anesthesiologistsbuy Marco Island buildingArlington Garden getsrehab, new ownershipLowe's buys Sarasota land,for Palmer Ranch storeRKM Development buysland for Venice Walgreens

  • Tampa Bay-Lakeland
    By
  • Mark Gordon
  • August 25, 2008
Broker's Blues

The negative market perception is truly reality, but at least it's not time to start slashing wrists, jokes one broker. Many are focused on 2010.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • August 25, 2008
Commercial Real Estate Briefs

Yellowfin Yachts adds Bradenton propertyNew York landlord buysBradenton Sports AuthorityWinter Park's Rock Propertiesbuys land for WalgreensAmerican Realty Capital buys Wachovia branchesBoston investment groupbuys Grove home, villa lotsLutgert Cos. renovatingVillage on Venetian BayWalgreen buys store from Paradise DevelopmentLiberty Insurance buildings sold to investorsSovran Self Storage buysLock N Key Mini StorageCrosland buys Westshore land,plans apartments, retail

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • August 22, 2008
Coffee Talk

+ Beall's to ring the bellfor a new battleSteve Knopik, chief executive officer of Bradenton-based retailer Beall's, is finally talking about the K-word.+ Gulf Coast builders' grouplooks to hire new leaderThe Gulf Coast Builders Exchange, a prominent lobbying and networking group for contractors, builders and developers in Sarasota and Bradenton, is looking for a new leader after severing ties with longtime Executive Director Jay Brady.+ Wiregrass bucksretailing trendAt a time when many retailers are slowing down or stopping expansion, and when some developers are delaying retail construction, The Shops at Wiregrass in Wesley Chapel is bucking the trend.+ Opus also hopesto buck retail trendAs Wiregrass continues to lease up its retail space, the Tampa office of Opus South is quietly planning a $160 million retail development of its own, in Tampa's Westshore area.+ Need to cut costs?Check your assessmentTampa attorney Jim Soble offers a reminder for chief executives and chief financial officers at this time of year: Check the assessed value of your property. + CorrectionA real estate brief in the Review's Aug. 8 issue contained an incorrect name. It should have read: "The purchase entity Seaside Resort Holdings LLC mortgaged the Seaside Inn & Resort to 1st Manatee Bank for $2.36 million."

  • Manatee-Sarasota
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