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News

    By
  • Adam Hughes
  • July 6, 2006
Coffee Talk

Bam! Emeril will return to Naples: Star chef Emeril Lagasse will return to the Naples Winter Wine Festival in January, Coffee Talk hears.A new vision for Fisher: When entrepreneur Bill Fisher resigned as Southeast Division dealer development manager for Visionary Vehicles in late 2005, Coffee Talk had a feeling there might be a story to follow. Big doings in Sarasota: The talk percolating through Sarasota County's economic development circles is that a company with $1 billion in annual revenue soon will be announcing the relocation of its corporate headquarters staff to Sarasota.Builders Split: Some of the largest members of the Pasco Building Association say it's wrong to sue Pasco County over its recently adopted comprehensive growth management plan, even though they disagree with the new rules that they consider anti-growth.Soft landing in Fort Myers?: Southwest Florida International Airport's record-breaking passenger counts may be showing signs of leveling off, the latest numbers show.Banking the campaigns: With two former Sarasota bankers in the running for Katherine Harris' U.S. Congressional seat, Coffee Talk decided to take a peek at what all the potential candidates have been getting from banks in terms of campaign donations.

  • News
    By
  • Adam Hughes
  • July 6, 2006
Real Estate Briefs

American Retirement Corp. pays $95 million for Freedom VillageAutoMaxx owner buysdealership, nearby landParadise Communities prepares start of Valencia at BurnsNorth Naples Storage owner buys land for more growthWaterman Development Group acquires Lehigh Acres landEmergency Consultants buys home for subsidiaryEquity One acquires Sunpoint Shopping CenterLowe Enterprises Real Estate acquires Land O' Lake property

  • Manatee-Sarasota
    By
  • Adam Hughes
  • July 3, 2006
Real Estate Briefs

Flying Bridge property sold to Naples developerEcono Lodge former owner buys back motelInvestors purchase Tara land for office developmentFairway Development Group buys Boleyn Road landRADISSON to open in '08 in SarasotaGreen Tee complex apartments acquired for $12.5 millionGroup buys Radio Road land for shopping centerNorth American Properties buys land in North Fort MyersFerman Motor buys dealership landMiami investors buy Campus Walk ApartmentsOsprey SA buys Westlake Corporate Center

  • Charlotte–Lee–Collier
    By
  • Adam Hughes
  • July 3, 2006
Coffee Talk

Cape Coral grows, Fort Myers sweats: The two cities that face each other across the Caloosahatchee River in Lee County - Cape Coral and Fort Myers - recently landed in the national spotlight, though for two notably different reasons.Medical manufacturers fete Tampa lawyer: Tampa's Chuck Bavol was recently recognized as one of the best lawyers in the country when it comes to defending the manufacturers of medical devices and supplies.BB&T's Klich splits duties, keeps state title: Longtime Florida banker William "Bill" Klich says he has been running hard for a guy his age (62).HMA stock prices hits new low: The promise of a $250 million stock buyback plan didn't help the stock of Naples-based Health Management Associates after it cut its earnings forecast recently.

  • News
    By
  • Adam Hughes
  • June 23, 2006
Coffee Talk

Hamburgers and postcards: What does the founder of a direct mail company and an executive of a fast-food hamburger company have in common?A magnet for Florida market: Salt Lake City-based MagnetBank wants to loan money to businesses in the Sunshine State.Building material costs still rising: Builders and consumers better get to used to steadily higher materials costs, according to Ken Simonson, chief economist for The Associated General Contractors of America. New Old Harbor raising capital for growth: A 3-year-old Clearwater bank that broke even for the first time in 2005 hopes to close at the end of this month on a public stock offering.Lee County schools foundation chief resigns: Darlene Ann Grossman recently resigned from the Foundation for Lee County Public Schools after building it into one of the county's leading charitable organizations.Commercial market still going strong: The National Association of Realtors in its latest Commercial Real Estate Outlook is predicting an improving commercial real estate market nationally at least through the end of the year.Special interests plague Babcock Ranch deal: West Palm Beach developer Syd Kitson says special interest groups deluged him when a bill for the state to purchase 74,000 acres of Babcock Ranch was passed on the final day of the legislative session.

  • News
    By
  • Adam Hughes
  • June 19, 2006
Real Estate Briefs

Signature Communities Inc. acquires Naples Vanderbilt InnWalport Properties buysCollier Boulevard SquareDRD Murdock Circle Executive CenterMichael Saunders office expands on Longboat KeyJohn McKay buys Parrish landLowe's buys land in North PortHotel industry veterans purchase Tampa blockVision 193 LLC buys 5th Avenue ApartmentsTarpon Restaurant Services buys Pappa's Riverside

  • Charlotte–Lee–Collier
    By
  • Adam Hughes
  • June 19, 2006
Coffee Talk

Name change, 2.0: The DOS Computer Center is getting a name upgrade.Sparkling ethics: Most would agree that Gary Trippe is one of the most ethical people around, which is why few will begrudge him keeping a $10,000 diamond he won at an ethics-award banquet.Wealthy people have feelings: The majority of the wealthiest Americans - and Floridians - are pessimistic when it comes to the housing market (who isn't?) yet as a group, these big spenders are almost at record high-levels when it comes to being optimistic about the overall economy.Mercantile pays premium: Quincy, Ill.-based Mercantile Bancorp paid a healthy premium for Naples-based Royal Palm Bancorp of Naples-about three times book value.Really smart people: Sarasota-based New College is Florida's honors college, so by definition, the school has a lot of smart people walking around its leafy campus a few miles north of downtown Sarasota.Sailing delayed: Material delays and labor shortages have forced Bonita Springs-based Expoships to move up the inaugural sailing of its Grand Luxe ship from December 2006 to June 2007.Money in the bank: It's much too early to count the cash, but organizers of the not-yet-chartered Insignia Bank have reason to feel positive.Lead by doing: Surveys and polls from various outlets show the poor numbers when it comes to employee job satisfaction.Insurer to grow in Florida: At a time when insurance companies and brokers are figurin

  • News
    By
  • Adam Hughes
  • June 9, 2006
Real Estate Briefs

Chartwell Senior Housing buys Venice Bella Vita centerHeartland purchases Venice Hampton InnThe Plumbing Place plans retail buildingMichigan firm proposes mixed-use projectLakewood Ranch to create 'urban hub'Investment group buys Burnt Store landDivosta Homes buys Verona Walk propertyBonita Springs Lodge buys AmericInnBethany Group buys Cooper's Pond apartmentsWoolbright Developmentbuys Murdock CarouselPulte Homes acquires land for Lakeside communityHearthstone buysTampa's Citrus Falls

  • Manatee-Sarasota
    By
  • Adam Hughes
  • June 9, 2006
Coffee Talk

Due concern: Carl Wise, president of Sarasota-based Preferred Commercial Inc. is eagerly anticipating June 15 as a sort-of D-Day for Sarasota Realtors.Best ever: The Bay Area Manufacturing Association is raving about the recent state legislative session: The group says the session was one of the best ever.Naples money managers to leave?: Coffee Talk hears that Bruce Sherman and Gregg Powers may split from Private Capital Management, the hugely successful Naples-based money management firm they oversee.Builders under pressure: When home sales were booming, investors favored builders that owned large tracts of land for future development.Fred Pezeshkan honored by Ellis Island: Fred Pezeshkan began his life in Naples in 1979 with nothing but his education. Hot Growth: Coffee Talk has long known that the Gulf Coast is a thriving business area, but it's always nice to get a little national recognition.FDIC still edgy: The Federal Deposit Insurance Corp. updated its most recent quarterly economic report for Florida last month.Furniture company turns 75: Larmon Furniture, Tampa's oldest furniture family, is celebrating its 75th anniversary the weekend of June 9 with an all-day party in Ybor City.'Shopping' up nicely: Stemming from its much-hyped Spring Convention in Las Vegas, the International Council of Shopping Centers released both its statewide retail statistics and its current listing of the biggest malls in the s

  • News
    By
  • Adam Hughes
  • June 2, 2006
Coffee Talk

Merger helps Regions: The recently announced $10 billion merger of two Alabama banks should help the new Regions Financial Corp. in Sarasota, at least on paper.Construction hammered less: Is the world truly rosier from beneath a hard hat? High fliers: The boom times are continuing at the Sarasota Bradenton International Airport. President Fred Piccolo reports that air traffic continues to grow: It was up 10% over last year, which comes off an 18% jump the previous year. What, me not worry: Part stock analyst, part historian and part scold, Richard X. Bove worries about the future of the American economy.Mel's Diner expanding: Retro-themed Bonita Springs-based restaurant chain Mel's Diner is expanding with two new locations it hopes to open on Tamiami Trail in Sarasota. Recognizing risk takers: From a self-made man who never attended college to a Harvard grad, the seven Tampa-area chief executives among the 30 Florida finalists for Ernst & Young's 2006 Entrepreneur of the Year award are a diverse lot.'Take it to the Hill': The June 18-20 national small business summit in Washington, D.C., will include tips on running a business, as well as politicking with members of Congress and a keynote address by the president and CEO of eBay.

  • News
    By
  • Adam Hughes
  • June 2, 2006
Real Estate Briefs

Benderson completes Towne Center purchaseZuckerman Group, JEG buy land for office buildingGrand Oaks Properties plans office parkSarasota Conservation Foundation group buys waterfront propertyNeviot Realty buys The Preserve at Temple TerraceWood Partners buys land for 610 FranklinMarissa Collections buys location on Third StreetManheim acquires Southwest Florida Auto AuctionNaples group buys land, plans mixed-use project

  • Manatee-Sarasota
    By
  • Adam Hughes
  • May 29, 2006
Real Estate Briefs

HMA purchases Naples Cleveland ClinicMarriott Vacation Club to buy Marco Island RadissonBradenton investor ACQUIRES retail SPACERobb & Stucky plans aggressive expansionNeal Communities buys land for River's Song communityPremier to acquire Turnberry's second phaseRanch Realty plans MEDICAL/OFFICE parkSCI buys Northbay Commerce CenterInvestment group buys Missouri CrossingsCCMS 200-1 Corporex buys Lakecrest Office

  • Charlotte–Lee–Collier
    By
  • Adam Hughes
  • May 29, 2006
Coffee Talk

Scouring for tips: Fresh from its high-profile battle to boost the value of the struggling newspaper stocks in its portfolio, Naples-based Private Capital Management has added new companies to its investment holdings this year.Another I-75 hotel: Update: Michael Lepore's MPL Properties expects to be moving forward on the Radisson Hotels & Resorts planned for the Fruitville Road/Interstate 75 intersection in Sarasota (see the Review, Nov. 11, 2005).Five bankers resign: Joseph Catti resigned recently as president of Northern Trust in Fort Myers, taking four other bankers with him.Collier shares wealth: The Collier family is well known in Southwest Florida. Nearly 100 years ago, Barron Gift Collier, who made millions with streetcar advertising, bought 1.3 million acres in what later became known as Collier and Hendry counties.Miva insiders buy stock: It's always a good sign when management eats its own cooking.TAXATION: How Florida ranks

  • News
    By
  • Adam Hughes
  • May 18, 2006
Coffee Talk

Slowdown? What slowdown?: Judging from the building-permit data in Lee County, you wouldn't think there's a construction slowdown looming.The optimist: Just when you thought hurricanes, insurance shocks and rising interest rates were starting to choke off the phenomenal growth of Florida's housing market, at least one economist is staying positive.Neogenomics profitable: Neogenomics, a small Fort Myers-based genetic cancer-testing firm recently achieved its first quarterly profit.Remarkable individual:Ali Ebrahimi, president/owner of Houston-based Ersa Grae Corp. and developer of downtown Sarasota's prominent Plaza at Five Points, has a remarkable personal story.Chico's is buying low: The stock of Fort Myers-based Chico's FAS has been hit hard this spring following disappointing sales numbers.

  • News
    By
  • Adam Hughes
  • May 12, 2006
Coffee Talk

Nervous Nellies make an appearacneHow to buy a piece of Babcock RanchA better yearfor Suncoast CEOStill Red HotChow downDagwood's dream comes to life

  • News
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