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News

    By
  • Business Observer Staff
  • February 27, 2015
California family performs 1031, buys Clearwater's Canterbury Oaks

The Zlotolow family of Venice, Calif., purchased the 72-unit Canterbury Oaks Apartments in Clearwater for $3.75 million.

  • Tampa Bay-Lakeland
    By
  • Michael Hinman
  • February 27, 2015
In the rough

More golf courses are closing than opening nationwide, and Florida's not immune. It might be time for a Mulligan.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • February 27, 2015
Atlanta's Cortland Partners pays $41M for Carlyle at Crosstown

Atlanta's Cortland Partners purchased the 300-unit Carlyle at Crosstown apartment complex for $41.24 million.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • February 27, 2015
Sarasota family investment group buys, repositioning South Venice Storage

A Sarasota family led by Dora Thomas purchased the 38,883-square-foot South Venice Storage for $2 million.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • February 27, 2015
So much for the uncertainty

Several industries that generated the best returns on equity in 2014 were in health care — the second straight year the sector fared well in the report from Raleigh, N.C.-based data firm Sageworks.

  • News
    By
  • Jean Gruss
  • February 27, 2015
Commercial vision

The Hertz global headquarters under construction in Estero is bringing lots of attention to surrounding properties that are ready for new development.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • February 27, 2015
Investor group buys dealership land to develop self storage on U.S. 41

An investment group led by Eric Howell, president of Bradenton-based Lancaster Realty Inc., purchased the 4.7-acre former Venice Chrysler dealership property for $2.2 million.

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • February 27, 2015
Polk County: Daytona developers buy Without Walls Lakeland mega church

A company led by Daytona Beach-area developers Douglas Cook and George Anderson purchased the former Carpenters Home mega-church property for $3.75 million.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • February 27, 2015
Catch the real estate rebound

Southwest Florida's real estate market is either red hot or down in the dumps.

  • News
    By
  • Jean Gruss
  • February 27, 2015
Good assist

Omega Communities plans to build as many as a dozen assisted-living communities from Tampa and Orlando to Naples by using creative financing and operational strategies.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • February 27, 2015
Devonshire REIT buys Twelve Oaks Shopping Center

Devonshire REIT Inc., a Whitehouse, Ohio-based private real estate investment trust, purchased the Twelve Oaks Shopping Center for $10.8 million.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • February 27, 2015
Lender Elliott Management takes ownership of Carlyle at Waters

Elliott Management Corp. acquired the 392-unit Carlyle at Waters apartment complex in exchange for $26.19 million in mortgage debit.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • February 27, 2015
The view looks good

The much-hyped resurgence in the downtown Sarasota condo market has some validation, at least from one project: The Vue Sarasota Bay has 50% of its residences under contract, which equals $85 million in advance sales.

  • News
    By
  • Jean Gruss
  • February 27, 2015
The next generation

The hot North Naples residential market will see a $1.3 billion condo development called Kalea Bay. There's been no new condo construction in the area for years.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • February 27, 2015
Fort Lauderdale developer buys land for Estero Oaks apartments

Fort Lauderdale-based Royal Palm Cos. purchased 18.14 acres in the Estero Oaks mixed-use community for $3.4 million.

  • Charlotte–Lee–Collier
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