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News

  • For Subscribers Only
    By
  • Business Observer Staff
  • September 1, 2006
Real Estate Briefs

Retail land bank invests in Bradenton Pala Band of Mission Indians buys Bradenton RoadhousePeople's Community Bank plans new Bradenton branchIowa's BH Equites acquires Three PalmsGreenbelt's Baywood Hotels plans suites for Tampa FairfieldParadigm Properties buys Lakeview OaksSanta Fe's BGK Group pays $9 million for office buildingBradenton resident buys Fort Myers CVSTaggart buys building on First Avenue in NaplesD'Jamoos Group announces São Grato

  • Manatee-Sarasota
  • For Subscribers Only
    By
  • Business Observer Staff
  • September 1, 2006
Coffee Talk

A luxurious incentive:For many Realtors and home agents, getting those fence-sitting buyers to take the plunge and actually buy a house is an on-going battle these days. PCM trims newspaper company holdings: Naples-based Private Capital Management, which manages $24 billion for wealthy and institutional investors, is sticking to its newspaper story even as a recent filing shows the firm trimmed its newspaper-stock holdings.Going through the government gauntlet: During the past 35 years, the executives at Morton's Gourmet Market, a Sarasota-based high-end grocery and bakery, have gone through the Sarasota's county and city government permitting gauntlet plenty of times, be it trying to expand a parking lot or build an addition to the structure. St. Petersburg Chamber of Commerce President/CEO John Long says the city's skyline isn't all that's changing: The chamber is redefining itself through the shuffling of eight executives and the hiring of three new leaders in an effort to increase membership and better reflect the growth of the business community.The blogosphere and message boards are buzzing over the plunging shares of Fort Myers-based women's retailer Chico's FAS.Soon after Venice-based window and door manufacturer PGT went public earlier this summer, company president Rod Hershberger was given the rock star treatment.Coffee Talk can brag with the best of them, regularly touting Gulf Coast businesses that make the cut in n

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • August 25, 2006
Coffee Talk

Sure, Todd Katz, attorney and co-founder of Tarpon Coast Bank in Punta Gorda, says all the right things about how to successfully launch a bank on the Gulf Coast: Top-shelf central location is a priority; great customer service; competitive rates and the best use of new banking technology. If you're in the residential real estate business, it's important to know what's happening up north.One builder's loss is another builder's gain. Now that the boom in new-home construction has abated, commercial builders say they're looking forward to stabilizing costs for materials such as concrete and fill dirt. That's welcome news as commercial construction keeps booming in Southwest Florida.. According to a survey by Robert Half International Inc., 75% of executives say their firms are taking some action to reduce their employees' exposure to added gas costs. La Belle-based agriculture company Alico Inc. owes the Internal Revenue Service between $39.4 million and $82.3 million in taxes and penalties, according to a recent securities filing by the company.The Florida Venture Forum is looking for growing private companies interested in presenting at the 16th annual Florida Venture Capital Conference Feb. 6-7 in Boca Raton.The Gulf Coast is well represented in Inc.'s just-released 2006 list of the 500 fastest growing companies.While many donations to victims of Hurricane Katrina came in the form of much needed money and shelter, a Saras

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • August 25, 2006
Real Estate Briefs

Meridian preparing office condos next to former Winn-Dixie distribution centerLocal Investor Buy Two Siesta PropertiesLutz Real Estate Investment buys Central Station buildingYacht Clubs of the Americas LLC buys Tampa Bayside MarinaKawama Development Group invests in Belcher officeKimco Realty buys strip centersNaples investors buy Bougainvillea, vacant landOmega Healthcare Investors buys elder housings centersSchottenstein Stores buys three local Albertson's spaces

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Business Observer Staff
  • August 18, 2006
Commercial Real Estate

Coral Gables company buys Cypress Place ApartmentsJMC buys additional piece for OvationING Management acquires Campus Club ApartmentsNaples Center for Dermatology buys new Fort Myers locationFirst Priority buys at Toledo, PeachlandJHM Hotels buys Sanibel propertyObstetrics, Gynecology practice buys Prudential Cascade headquartersBruce Williams starting sales in Lexington PreserveEar Research buys property from Floyd Street Properties

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Business Observer Staff
  • August 18, 2006
Coffee Talk

CFO politics just plain politicalDoes buy back equal more value?Get & Go Express: convenience stores of the future?SunCoast is SunCoast no moreWCI Communities: No improvement soonDeveloper want to spin Wicker into goldSpeakers added to Technology ConferenceAffordable housing still not affordable Downtown banished from Fort Myers lexiconA One-Man Partnership

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • August 11, 2006
Coffee Talk

Hurricanes a boon for Superior MoldOne to One gets bigger and biggerA tale of roads and the rails Veteran banker forms another Lee County bankIndustry Expo seeks few good manufacturersBabcock Ranch could model homes in 2009Gulf Coast dominates insurance committeeSarasota's Saunders in Kelly's DublinTampa real estate meeting boasts CuomoEdgy moms become entrepreneurs Commercial builders still seeking more help

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • August 11, 2006
Commercial Real Estate

N.Y., Chicago firms buy Club NaplesBonita Beach Road Facility AcquiredAmSouth Bank buys at Summerlin, Boy ScoutAIMCO pays $118,000 per unit for BaLayeOhio Group plans Laurel centerHoneywell International buys contaminated propertySMH acquires physician office buildingManatee Urology Moving to DowntownNew diagnostic center buys 1250 Tamiami

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Business Observer Staff
  • August 4, 2006
Real Estate Briefs

Developer plans Longboat townhomesMarriott Vacation Club completes Radisson purchaseBarfield Bay Holdings buys Carlyle, Central ParkAnd other large real estate transactions.

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Business Observer Staff
  • August 4, 2006
Coffee Talk

D'Alessandro deal may spell new opportunitiesMorgan Stanley still raising money for Babcock RanchFounder of SKY Sotheby's to depart?Ideal time to pick up speedAir conditioning business keeps on humming Pasco invites you to the 'Land of Opportunity'Group takes startup capital to the bank Bank bug takes a bite out of Charlotte County Condo project finds an elusive gem: BuyersNew Radiation Therapy COO quits after five monthsFast Lane Clothing Co. profiled in this week's Review is a finalist for the Tampa Chamber of Commerce's 2006 Small Business of the Year award.HSN's huggable hanger sells 100 million unitsChico's is 'heard on the street'The CEO of Pinellas County-based startup ForeclosuresDaily.com will serve hamburgers Aug. 12 to the firm's customers.Business investment grows, sales tax figures show

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • July 28, 2006
Real Estate Briefs

Kite Realty Group buys three retail centersIndianapolis-based real estate investment trustInvestment group buys Metro DistributionNaples yacht club buys marina, plans Naples dockominium Sarasota hotelier acquires Regency InnForest Acquisition Fundbuys Lockwood Ridge apartmentDevelopers spend $15 millionfor Placida landACP buys two Clearwater office propertiesPrimerica buys on U.S. 301,developing retail/office plansClearwater's Gibraltar buy Tampa office building

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Business Observer Staff
  • July 28, 2006
Coffee Talk

Project still has marquee billing: Not everyone is pulling out of the residential market.Market Slowdown?: Morrison Homes sales associate Virginia Arnold apparently hasn't heard about the residential slowdown that is making many agents and Realtors anxious.Chamber cheerleaders spice things up: Who says business chamber affairs are dull?Condo towers' premiere delayed: Plans to build a pair of 16-story condo towers on a parking lot behind the Hollywood 20 movie theater and Main Plaza, at U.S. 301 and Fruitville Road in Sarasota, are being revised.Tampa office market feeling good: The old economic stand-by of supply and demand is at the heart of what one Tampa-based commercial real estate executive calls the "start of another boom" in the Tampa office market.Michael Saunders & Co. Inman finalist: Michael Saunders & Co., the dominant real estate firm in Sarasota and one of the most well-known statewide, recently received a little national attention: The firm was named a finalist for Inman News' Innovator Award.What do you think?: Floridians are inundating Gov. Jeb Bush with requests to deal with the state's property insurance crisis.Fewer Foreclosures: Florida foreclosure rates dropped 12% in the second quarter of this year over the same period in 2005.

  • News
  • For Subscribers Only
    By
  • Adam Hughes
  • July 20, 2006
Coffee Talk

WCI Communities: A buying opportunity?: At what point do the stocks of homebuilders become so ridiculously cheap that they're worth buying?Military salute: Sarasota resident Burt Bershon has been recognized for his efforts to bring military academies back to U.S. communities. Bershon, who founded the Sarasota Military Academy in 2002, was recently awarded an Eagle Laureate for creating The Charter Military Schools Development Corp. in late 2003.Former Buccaneer Warren Sapp is back: NFL Star Warren Sapp, a defensive tackle who helped the Tampa Bay Buccaneers win their only Super Bowl, plans to open a HipHopSodaShop on Bruce B. Downs Boulevard, near the University of South Florida.Davis Lucas offers business-ethics insight: Davis Lucas, the chairman of Bonita Springs-based residential developer The Bonita Bay Group, makes few public appearances and when he does, it's usually for the benefit of a local charity.Condominium's loss is apartment's gain: So with the condo conversion market way down, is it truly gloom-and-doom time for the apartment market? Not completely.Paying premium prices at the pump: The high price of gas is reaching into entrepreneurs and executives' pockets yet again.Bleak showing for Florida venture capitalists:Just two Florida firms made Entrepreneur magazine's 2005 list of the top 100 venture capital firms, and both, Palm Beach Capital Partners and HIG Capital Management of Miami, are based in South Florida.

  • News
  • For Subscribers Only
    By
  • Adam Hughes
  • July 17, 2006
Coffee Talk

Conservancy sides with Babcock: The Conservancy of Southwest Florida, a Naples-based conservation group that has tangled with developers, says the sale of Babcock Ranch to West Palm Beach developer Syd Kitson and Morgan Stanley should proceed.

  • News
  • For Subscribers Only
    By
  • Adam Hughes
  • July 17, 2006
Real Estate Briefs

Developers acquire land for lifestyle projectSunstream Hotels, Resorts buys Islands ResortInvestors pay $4.6 million for multi-tenant buildingInvestor acquires St. Armands pharmacyDeveloper buys Venice land to build office parkCostello buys office park, converting to condosLion's Gate Project to be at Entrance to RosedaleSan Francisco group acquires apartmentsInvestor buys Willow Oaks ApartmentsBoca attorney purchases pharmaceutical buildingNew Hotel

  • Charlotte–Lee–Collier
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