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News

    By
  • Adam Hughes
  • May 12, 2006
Real Estate Briefs

Drew Northport Investments buys 514 acresSarasota developer buys School Avenue landHoward Johnson owners acquire portion of existing landRe/Max expandsHealth Care Property to buy CNL PropertiesNaples' Stock Development chosen for Murdock VillageNaples Lumber, Supplyinvests in Fort Myers siteOffice SpaceRedstone buys former Winn DixieFirst Industrial Realtybuys 19 buildingsOak Bend buys Buccaneer Plaza

  • Manatee-Sarasota
    By
  • Adam Hughes
  • May 7, 2006
Real Estate Briefs

Toll Brothers Inc. plans Palazzo VillageChico's buys land for expansionThrogmartin Co. breaks groundWaterford Cos. acquires land for Villa VenetoAmSouth buys building for Bayshore branchVision Homes builds Gladstone ParkSchickedanz Homes buys land for Wyndrush CondominiumsPublix acquires two parcels in Treasure IslandSafety Harbor investors buy PALM HARBOR Plaza

  • Charlotte–Lee–Collier
    By
  • Adam Hughes
  • May 7, 2006
Coffee Talk

A good morning to you: Contractors, plumbers and anyone else working on construction sites in Sarasota County might be in for a surprise with their morning coffee: a building inspector.Cleveland Clinic land in limbo: Now that the Cleveland Clinic has sold its Naples hospital to Health Management Associates, what is it going to do with land it owns in adjacent Lee County?Dogged effort: Last November, the Review reported land agent Bill Eshenbaugh's somewhat unusual approach to selling a 450-acre development site in rural Pasco County.Floridaboom: Pity Tallahassee. While it's 1.6% job growth rate over one year and 2.8% over five years is respectable for any state capital, it's pretty paltry when compared to just about every other Florida region.Community banks, thrifts disappoint: A flat yield curve and intense competition for commercial and industrial loans hurt community banks and thrifts during the first quarter of the year. Welcome, Sabal: It looks like Brian Hall and some other bankers in the area (see AmSouth, next item) didn't get the Ryan Beck & Co. memo.Unrestrained Exuberance: AmSouth Bank is about a year behind its Florida peers, but it plans to catch up fast.Hotels are the new condos: The aftermath of the terrorist attacks of Sept. 11 and Hurricane Charley put a halt to new hotel developments in Southwest Florida.Law now fair?: The legal doctrine of joint and several liability, recently overturned by t

  • News
    By
  • Adam Hughes
  • April 28, 2006
Real Estate Briefs

TC Group buys land for Venice galleriaFirst Florida Bank expands into VeniceDeveloper plansPalmetto industrial parkFlorida Gulf Coast University buys land for expansionMiami home builderbuys in Fort MyersElias Brothers buys land for RaffiaFinergy buys in Channelside, plans condo/hotelRetail center owner buys Universal PlazaMarker 1 Marina sold to Dunedin buyersColliers Arnold report: robust growth continues

  • Manatee-Sarasota
    By
  • Adam Hughes
  • April 28, 2006
Coffee Talk

Turner still headed for the top: Tragedy recently struck Tampa businessman John Turner's team as it struggles to climb Mount Everest - the world's highest peak.Kvetko returns to Fifth Third: Colleen Kvetko has returned. And she wants her customers back.Tax surprise: Which states are burdening business with the heaviest tax load? The Golden State, run by those Hollywood liberals? Taxachusetts?Faster than an Insignia: It sounds like the organizers of the not-yet-chartered Insignia Bank are itching to start lending and spending some of its initial capital.Report: Foreclosures up: Houses going into foreclosure across the nation climbed 38% to 323,102 in the first quarter from the previous quarter; Florida had the second-highest number of foreclosures at 29,636, even though the state's foreclosures dropped 14% from the same period a year earlier, according to an online real estate company.TIB Bank joins the billion-dollar club: TIB Bank recently joined the small club of Gulf Coast-based banks and thrifts with more than $1 billion in assets.

  • News
    By
  • Adam Hughes
  • April 21, 2006
Real Estate Briefs

Realtor, RBS Cos. buy Silkwood propertyTibbetts, partner buy office on OrangeReliance Partners, others plan Mendoza developmentUPGRADES TO THE PALMS NEARLY COMPLETETarpon Springs One acquires land for marina, residentialClearwater resident buys Southron ApartmentsCompany purchases Bayside at Palma CeiaTwo land developers buy 40 acres on Pine IslandMobile home park sold, improvements plannedTwo Steves buy Sanibel marina

  • Manatee-Sarasota
    By
  • Adam Hughes
  • April 21, 2006
Coffee Talk

Naples college gets pumped up with donation: International College, a Naples-based college that focuses on career-oriented studies such as accounting and information technology for working adults, landed a multimillion-dollar gift from Lavern Norris Gaynor, an heiress to the Texaco oil fortune.Development lending up: The folks who pay off depositors at failed banks have issued their latest quarterly overview of the Florida economy, just in time for the Review's special banking issue.A good audit: During this time of year, the word audit is normally not a good thing. But for Sarasota County, a recent audit turned out OK. Bancshares of Florida reveals growth strategy: Naples-based Bancshares of Florida officials are mum about their planned secondary offering of stock, but its recent filing provides some revealing clues about the future of the company headed by CEO and President Michael L. McMullan HMA to bond market: You're OK: The corporate-bond market doesn't look so bad after all.Firm looks for strong premier: Premier Properties, the luxury real estate arm for Naples-based Lutgert Cos., confirmed April 12 what Coffee Talk reported on April 7: The company has hired away a top executive from Michael Saunders & Co. to lead its first expansion north to Sarasota.Company denies getting VC, yet: Coffee Talk thought we'd heard good news about Gemesis Corp., a Sarasota maker of synthetic diamonds, in the aftermath of a boffo presentatio

  • News
    By
  • Adam Hughes
  • April 17, 2006
Real Estate Briefs (Lee/Collier)

Investment company buys lots in River HallFort Myers investors planning office, retail developmentGE Commercial buys Robb & Stucky building

  • Charlotte–Lee–Collier
    By
  • Adam Hughes
  • April 17, 2006
Coffee Talk

HMA: Bond sale? What bond sale?: Just two days after Naples-based Health Management Associates said it would sell $400 million worth of bonds, the hospital company abruptly canceled the sale.Film fest puts on a profitable show: Sarasota residents love movies, and they spent the cash to prove it the last few weeks.Boston developer scouts for deals from Tampa to Naples: Evidence of Southwest Florida's growth has popped up on the radar of The Davis Cos., a longtime Boston development company that has developed more than $1 billion worth of real estate in 30-plus years.Demand goes up, rents rise: The Tampa Bay area's office market moved up to fourth place in 2006 on the Marcus & Millichap ranking of the country's major commercial real estate markets, thanks to a strong local economy spurred by company expansion and corporate relocation.In memoriam: Coffee Talk was saddened to hear about the death of Brent Craven, the former CEO of a Tampa online education company and one-time St. Petersburg resident.

  • News
    By
  • Adam Hughes
  • April 17, 2006
Real Estate Briefs (Tampa)

Miami investor buys St. Petersburg apartmentCastillo Housing plansCoastal Palms acquisition sets record

  • Tampa Bay-Lakeland
    By
  • Adam Hughes
  • April 17, 2006
Real Estate Briefs (Sara/Mana)

MK Equity acquires Bradenton apartments for $55 millionTarget building University super locationInvestors buy Cortez Road office buildingDeveloper permits Office building

  • Manatee-Sarasota
    By
  • Adam Hughes
  • April 7, 2006
Real Estate Briefs (Tampa)

California investors' group buys Wyndham WestshoreTampa partnership buys former Eckerd headquartersFormer ranch land slated for residential development

  • Tampa Bay-Lakeland
    By
  • Adam Hughes
  • April 7, 2006
Real Estate Briefs (Lee/Collier/Charlotte)

Developer plans Fort Myers condominium conversionBoston investor buys Naples medical-office complexDeveloper buys Naples apartment complex

  • Charlotte–Lee–Collier
    By
  • Adam Hughes
  • April 7, 2006
Real Estate Briefs (Sara/Mana)

Triton, RBS to buy Gold Bank buildingKaplans, Bennett buy three downtown propertiesADESA buys local ABC auto auctionPrudential Florida WCI Realty growing in Sarasota, CharlottFamily group purchases Palmetto office buildingVertical construction begins on Summer Cove

  • Manatee-Sarasota
    By
  • Adam Hughes
  • April 7, 2006
Coffee Talk

Game on: It looks like Naples-based luxury developer Lutgert Cos. is going to enter the Sarasota real estate market with a big hitter.Times change: At least one Sarasota-area developer has gone past the condo market slump phase and headed straight for the total bust phase.Miva top executives leaving, but not empty-handed: Craig Pisaris-Henderson, 36, resigned from his post as chairman and chief executive officer of Fort Myers-based Internet company Miva April 4.Watching the construction pump: It seems builders have been watching material suppliers as much as most drivers watch the gas pump.Goodbye retirement: After more than 35 years in the Tampa Bay area real estate market, Jim Shapiro was ready to retire, or at least that's what he thought.Loan funds to get tighter?: Pinellas Park bank analyst Richard X. Bove is reading behind the headlines again.

  • News
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