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News

    By
  • Adam Hughes
  • March 31, 2006
Real Estate Briefs-Tampa

Tampa warehouse sells for $8.5 millionPasco acreage sells for $3.8 million

  • Tampa Bay-Lakeland
    By
  • Adam Hughes
  • March 31, 2006
Real Estate Briefs-Lee/Collier

Chicago firm acquires Naples apartmentsNew York firm acquiresNaples commercial centerINDIANA DEVELOPER BUILDS CONDOS AT MALL

  • Charlotte–Lee–Collier
    By
  • Adam Hughes
  • March 31, 2006
Real Estate Briefs-Sara/Mana

de Morgan Homes creating Villages of AvignonKaplan, Bennett, others buy land for subdivisionInvestors buy Ellenton Sleep InnLAKESIDE SITE WORK BEGINS

  • Manatee-Sarasota
    By
  • Adam Hughes
  • March 31, 2006
Coffee Talk

No fools here: The list of debtors with claims against Infinium Labs just continues to grow.Then there were three: Two companies purchased an 11-acre portion of the much-ballyhooed $65-million Bay Street Village & Towncenter in Osprey. Should there have been three?Big bird could flyinto Fort Myers: Coffee Talk hears rumors that Southwest Florida International Airport in Fort Myers could one day be home to a maintenance and repair facility for the world's biggest passenger aircraft, the Airbus A-380.Mad Money's Jim Cramer sides with Chico's: Jim Cramer, the screeching host of the business-news show Mad Money on CNBC, told Chico's Chief Financial Officer Charlie Kleman that he was ready to rip up a recently published J.P. Morgan research report critical of the Fort Myers-based retailer.Real estate investors eye State Road 29: Bet you never heard of a small Florida town called Felda. How about the hamlets of Jerome, Sunniland or Rock Island?

  • News
    By
  • Adam Hughes
  • March 24, 2006
Tidewater Preserve to add high-rise residences

WCI Communities will build 10-story residential towers out east as part of a 374-acre community.

  • Manatee-Sarasota
    By
  • Adam Hughes
  • March 24, 2006
Coffee Talk

Domino's founder backs Naples bank: Domino's Pizza founder and Catholic philanthropist Tom Monaghan is behind the formation of a new commercial bank in Naples called Gulf Coast Bank.Changesat RJ Bank?: The chief financial officer at Raymond James Financial Inc. recently disclosed a bit of the internal thinking at the firm regarding one of its best-performing subsidiaries.Manufacturing cell phone messages?: It put Coffee Talk off guard to see Peter Straw as the head of a non-manufacturing company, and one on in Tampa, no less. The Germans are coming: Coffee Talk knows German tourists love Southwest Florida. Apparently, so do investment bankers.Bye-Bye, Bill: Bill Theroux, executive director of the Bradenton Downtown Development Authority, hoped the major improvements to Manatee Avenue would prove a capstone to his time with the city.Brisk business: Pinellas County's Class A vacancy rate dropped to 12% by the end of 2005, yet the coastal county's average rental rate of $18.92 per square foot is still $2 less than Tampa, according to an analysis of the 2005 commercial real estate market by Randy Smith of GVA Advantis.

  • News
    By
  • Adam Hughes
  • March 24, 2006
Real Estate Briefs

Sarasota Investment Co. buys Sunshine Sarasota IndustrialMapp, others, buy building, expand businessesInvestors purchase Sarasota fast-food buildingToll Brothers plans 1,000 more Florida homesGroup buys Bloomingdale Woods for condo conversionPhiladelphia group pays $39 million for complexMobile home residents buy Largo park for $60 millionHotelier buys Quality Inn in Fort Myers

  • Manatee-Sarasota
    By
  • Adam Hughes
  • March 17, 2006
Real Estate Briefs

Sunset Automotive closes on Darby dealershipSarasota developer prepares for Devonshire Park Two companies ACQUIRE Sarasota warehouseWellington-based investor buys land in Collier CountyTampa company buys RV Park at Fort Myers BeachAdams Homes buys land in Lehigh Acres

  • Manatee-Sarasota
    By
  • Adam Hughes
  • March 17, 2006
Coffee Talk

Another Sarasota 'original': Crisis management experts and media flacks are easy to find today, with the 24-hour news cycle churning out a new celebrity, well, every 24 hours.PCM'S newspaper stocks continue to lag: When McClatchy Co. agreed to buy rival newspaper chain Knight Ridder for about $6.5 billion last week, it appeared Naples-based Private Capital Management had scored a victory for shareholders.Freedom to expand: Followers of Gerald L. Anthony's career won't be surprised that the veteran Manatee County banker wants to grow his latest creation - and grow it fast. Miva's future still in question: Fort Myers-based Internet company Miva has hired Deutsche Bank Securities to explore a possible sale of the company, but the subject was barely mentioned in a March 13 conference call with analysts announcing fourth-quarter results.Will anybody follow WaMu?: Washington Mutual Inc. has presented customers in Florida and elsewhere with seven more reasons to drop their loose change into a new account at the Seattle thrift.Commercial market cools off, rents heat up: A big player in Tampa commercial real estate is predicting the market will even out over the next year and property owners will look to reap the benefits.

  • News
    By
  • Adam Hughes
  • March 10, 2006
Real Estate Briefs

Crossgate, EndVision buy into mixed-use projectVengroff, partners buy Gardenwood ApartmentsInvestor buys farm land, expects to flipBoca Raton homebuilder buys land for 900 homes in EsteroNaples company buys Fort Myers motelFamily trust invests in Fort Myers warehouses

  • Manatee-Sarasota
    By
  • Adam Hughes
  • March 10, 2006
Coffee Talk

Chicos stock takes a hit: As every novice investor learns, past performance is no indication of future returns.Villares leaves GravityFree: GravityFree, Sarasota's oldest web-design company, is undergoing a leadership change.Ringling would like to thank the Academy: It could grow into a nice trend. For the second straight year, Sarasota's Ringling School of Art and Design grads were nominated for Academy Awards.Venice company in award spotlight, too: Speaking of awards, a Venice-based company took home the top prize for its industry at an awards show in Las Vegas last month.A tale of two 'WCI's: Sarasota upscale home builder and developer Westwater Construction Inc. is dropping the "CI" from its revised logo.Shareholder shakes up Source Interlink: California billionaire Ron Burkle appears frustrated with the go-nowhere stock of Bonita Springs-based Source Interlink.

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

Tampa developer buys Mixon land for villageDevelopers purchase Siesta Key rentalsSBC Development buys land for Long Bar PointeGeorgia company buys Bay Harbor apartmentsThe Lutgert Cos. buys land in EsteroPalm Beach Garden builder buys land in North Fort Myers

  • Manatee-Sarasota
    By
  • Adam Hughes
  • March 2, 2006
Coffee Talk

Florida's job machine noticed: The Milken Institute, the California-based think tank founded by former junk-bond king Michael Milken, says the area stretching from Fort Myers to Naples is a jobs-creating machine.If only we'd invested in Chico's: Fort Myers-based women's retailer Chico's FAS has made a fortune for investors over the last 10 years.First National deal is pricey: The proposed $120 million sale of Bradenton-based First National Bancshares Inc. was one of the four highest-priced bank deals in the country last year.C&I space is scarce: Commercial and industrial property is getting tight in the Tampa Bay area, says Chris Sass, a real estate broker with Cushman & Wakefield Inc.Peach's new franchise face: When Michael Luciano, who has owned and operated Peach's restaurants for 21 years, said he was going to venture into franchising Feb. 27, Coffee Talk knew this change had to come from somewhere.One hand on your wallet: Like the sun coming up in the morning, it's only natural to read that the government is taking a bigger tax share.

  • News
    By
  • Adam Hughes
  • February 24, 2006
Coffee Talk

What bubble?: A bevy of economists, both local and nationwide, have been saying the residential real estate bubble might not be bursting, but it's at least deflating.Re-apply here: The St. Petersburg Area Chamber of Commerce wanted somebody to shake things up.Economy keeps on rolling: The top economist for Chicago-based Harris Private Bank brought her message to Longboat Key Feb. 21, and it was enough good news to make a pessimist smile: Nationwide unemployment under 5%, with Florida's at a 30-year low and Sarasota's at a near microscopic 3.3%.Orion Bank expands east, consolidates in Naples: After nearly a decade marching up the west coast of Florida from its roots in the Keys, Orion Bank is turning east.New player on the Gulf: Kolter Communities LLC obviously doesn't see the west coast of Florida as a one-trick pony.Commercial's turn?: The highpoint in well-known economist Hank Fishkind's presentation to the Manatee Chamber of Commerce Economic Development Council's State of the Economy Breakfast Feb. 21 was directed toward commercial developers and property owners.

  • News
    By
  • Adam Hughes
  • February 24, 2006
Real Estate Briefs

Equity One buys out partner in Venice centerO.E. Wheel Distributors closes on warehouseCaithness Construction acquires additional Venice landBaltic holdings buys Baltic ApartmentsNew York developer buys Fort Myers apartmentsMiami-based company buys two apartment complexesMiami Lakes-based developer plans homes in Lehigh Acres

  • Manatee-Sarasota
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