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News

  • For Subscribers Only
    By
  • Kevin McQuaid
  • April 19, 2019
Market Comparison

Lee County and Southwest Florida have experienced significant gains in their industrial real estate markets over the past three years, with improvements in vacancy, absorption, leasing rates and other metrics

  • Commercial Real Estate
  • For Subscribers Only
    By
  • Kevin McQuaid
  • April 19, 2019
Carter Validus merging to create $3 billion real estate firm

Carter Validus Mission Critical REIT and the related Carter Validus Mission Critical REIT II intend to merge later this year and create a $3 billion company

  • Commercial Real Estate
  • For Subscribers Only
    By
  • Kevin McQuaid
  • April 19, 2019
Preferred Materials buys Naples mining land

Preferred Materials, of Lutz, has purchased a 425-acre tract in the Naples area of Collier County known as the Brown Mine for $22 million.

  • Commercial Real Estate
  • For Subscribers Only
    By
  • Kevin McQuaid
  • April 19, 2019
Sears shedding closed stores throughout the Gulf Coast

Sears, Roebuck & Co. Chairman Edward Lambert's ESL Investments Inc. has purchased a pair of shuttered Sears stores along the Gulf Coast, part of a $5.2 billion purchase of the assets of the bankrupt retail icon.

  • Commercial Real Estate
  • For Subscribers Only
    By
  • Business Observer Staff
  • April 19, 2019
Investment firm lands veteran leadership

Jim Cheatham — one of Wendy’s fast food chain’s first franchise owners and a former marketing executive for Holiday Inns — has joined forces with a trio of other Tampa, Florida, executives to launch a private equity firm called Eagle Rock Partners.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • April 19, 2019
Zeroed in: New-home sales sizzle, drive construction for Lennar

Riverview, Florida, has become ground zero for Miami-based homebuilder Lennar, which recently announced plans to add three new communities to the seven it already has under development in the south Hillsborough County area.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • April 18, 2019
University to kick off construction of new residence hall, dining facility

The University of South Florida plans to break ground next week on a much-needed new residence hall and dining facility at its St. Petersburg, Florida, campus.

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Business Observer Staff
  • April 18, 2019
Restaurant chain names three new executives

Matthew Eisenacher is First Watch's new senior vice president of brand strategy and innovation.

  • Manatee-Sarasota
  • For Subscribers Only
    By
  • Business Observer Staff
  • April 18, 2019
Nonprofit breaks ground on $6.5 million headquarters

Naples Children & Education Foundation will invest $6.5 million in new, permanent home. The organization has raised $191 million since 2001 through its annual Naples Winter Wine Festival.

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Business Observer Staff
  • April 17, 2019
AC, plumbing company acquires area firm

Troy Thomas, owner of Allied Cooling & Heating, will work with Badger Bob’s Services.

  • Manatee-Sarasota
  • For Subscribers Only
    By
  • Business Observer Staff
  • April 17, 2019
New restaurant brings island flavors to area

WEPA! Cocina de Puerto Rico has planned a grand opening celebration for April 26 that will see a portion of the new St. Petersburg, Florida, restaurant’s proceeds donated to PRxPR, a nonprofit organization that supports efforts for hurricane recovery effo

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Business Observer Staff
  • April 17, 2019
New resort company hires sales and marketing veteran

Sunseeker Resorts taps Ryan O’Byrne to develop marketing strategy and build brand awareness.

  • Charlotte–Lee–Collier
  • For Subscribers Only
    By
  • Business Observer Staff
  • April 16, 2019
Hospital breaks ground on eight-story cancer tower

Sarasota Memorial Hospital's oncology and surgical tower is expected to be completed in 2021.

  • Manatee-Sarasota
  • For Subscribers Only
    By
  • Business Observer Staff
  • April 16, 2019
Pioneer in software for alcohol payments swallows acquisition

Financial Information Technologies LLC, also known as Fintech, a Tampa-based provider of business management solutions for the beverage alcohol industry, has acquired Lilypad Solutions LLC, also headquartered in Tampa, Florida.

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Business Observer Staff
  • April 16, 2019
Infrastructure firm announces 40% growth

Naples-based EHC Inc. rides steady increase in multi-family and commercial development in 2018.

  • Charlotte–Lee–Collier
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