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News

  • For Subscribers Only
    By
  • Business Observer Staff
  • January 21, 2010
The Hachems buy office building

Ashley 601 Inc., a company headed by Tampa investors Sam and Laurice Hachem, purchased the 55,000-square-foot historic office building on Ashley Drive north of Kennedy Boulevard for $4.1 million.

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 21, 2010
Asolo buys building for production center

The Asolo Repertory Theatre purchased the 36,963-square-foot former Athco flex building on Tallevast Road north of the Sarasota-Bradenton International Airport for $1.65 million

  • Manatee-Sarasota
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 21, 2010
Inland American buys Malibu Lakes

Oak Brook, Ill.-based Inland American Real Estate Trust Inc. purchased the 356-unit Malibu Lakes Apartments west of Tarpon Bay Boulevard and east of Interstate 75 for $31.02 million.

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 21, 2010
Lee County DOT buys Enterprise building

Lee County government purchased a 24,451-square-foot industrial manufacturing building on Enterprise Parkway north of Luckett Road and bordering Interstate 75 for $1.34 million.

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 21, 2010
Tampa's Encore project awarded $38 million grant

The U.S. Department of Housing and Urban Development has notified the city of Tampa that the city will receive $38 million in federal funding from the American Recovery and Reinvestment Act to build the Encore project.

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 21, 2010
Massachusetts group buys Summer Palms

Newton, Mass.-based developer Robbins Property Associates LLC purchased the 340-unit, four-story Summer Palms Apartments for $16.2 million.

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 21, 2010
Wisconsin investors buy Kozy Mobile Home park

Kozy MHP LLC, a limited liability entity affiliated with a West Bend, Wis., investment group, purchased the 95-lot Kozy Mobile Home Park on Cortez Road east of 34th Street West for $2.1 million.

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 21, 2010
Eastpoint Stimuli buys Pine Island Road land

Eastpoint Stimuli LLC, a limited liability company led by Cape Coral broker investor Steve Krieg, purchased 15.8 acres on Pine Island Road west of 21st Avenue and adjacent to a BJ's Wholesale Club for $2.2 million.

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 21, 2010
RFLP Mabry buys Dale Mabry Plaza

Tampa limited liability company RFLP Mabry LLC purchased the 18,348-square-foot South Dale Mabry Plaza for $4.3 million.

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 20, 2010
Ad firm up for award

The Syracuse, N.Y.-based parent company of one of Sarasota's largest advertising firms is a finalist for a major industry award.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 18, 2010
Apartment investors expand portfolio

Sam and Laurice Hachem have struck again, and they are no longer limiting their investments to apartment communities.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 15, 2010
Orion shutdown costs M&I millions

When state and federal regulators shut down Naples-based Orion Bank on Nov. 13, it likely wiped out a $17 million loan M&I Bank says it made to parent company Orion Bancorp.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 15, 2010
Bank takes big step in survival effort

Here's a twist in the latest episode of a Gulf Coast community's bank search for capital: Sarasota-based Landmark Bank of Florida recently received letters of intent for capital infusions worth more than $6 million — with no control changes at the bank as a prerequisite for the investment.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 15, 2010
EcoTech links with niche partner

One of the most creative persons the Review met in 2009 is already growing his business in 2010.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 15, 2010
Growth control chief quits

It's no surprise Wayne Daltry resigned recently as director of Lee County's Smart Growth Department.

  • News
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