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Charlotte–Lee–Collier

    By
  • Business Observer Staff
  • November 26, 2014
Icahn boosts Hertz stake

Activist investor Carl Icahn boosted his stake in Hertz to over 10% on the heels of the appointment of a new CEO.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 25, 2014
Chico's reports slow growth

Chico's FAS opened 87 net new stores, boosting overall sales 1.5% in the third quarter and offsetting a 1.6% drop in sales at stores opened longer than a year.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 24, 2014
Naples single-family home prices rise 20%

The median price of an existing single-family home in Naples rose 20% in October compared with one year ago.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 21, 2014
Icahn backs new Hertz CEO

Activist investor Carl Icahn says the new CEO of Hertz has experience turning around struggling companies.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 21, 2014
Housing authority, Pinnacle complete two affordable housing projects

The Housing Authority of the city of Fort Myers and Pinnacle Housing Group LLC have completed redeveloping two former public-housing properties to create 212 affordable housing units.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 21, 2014
Collier County Supervisor of Elections moving to former E.B. Simmonds HQ

Collier County government purchased a 15,716-square-foot, three-story office building and an adjacent 14,746-square-foot warehouse building for $3.34 million.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 21, 2014
Automotive Management Services buys Davis Boulevard dealership site

Terry Taylor's West Palm Beach-based Automotive Management Services Inc. purchased a 12,000-square-foot auto dealership for $2.3 million.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 21, 2014
Gordon Food Service Inc. buys back Brandon, Fort Myers stores

Restaurant distributor and retailer Gordon Food Service Inc. purchased its Brandon and Fort Myers GFS Marketplace stores for a total of $3.85 million.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 20, 2014
Newspaper battle heats up in Lee County

The Naples Daily News opened a larger office in Bonita Springs, challenging the Fort Myers News-Press in the fast-growing area of South Lee County.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 18, 2014
Hertz launches operation in Qatar

The equipment-rental division of Hertz is launching a joint venture in Qatar, which plans to spend $182 billion on public projects in the next five years.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 17, 2014
Fort Myers lands Puerto Rico flights

Sun Country Airlines will start flying nonstop jet service to Puerto Rico in May, the airport's first link to the Caribbean island.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 14, 2014
Hertz to slash $100 million in costs

The car-rental giant that moved its headquarters to Southwest Florida from New Jersey last year now plans to cut $100 million in costs after telling investors they should not rely on financial results dating back to 2011.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 14, 2014
Codina-Carr, Barron Collier start final phase of Moorings Park at Grey Oaks

HCC MP LLC, a joint venture of Coral Gables-based Codina-Carr Co. and Naples-based Barron Collier Cos., purchased 8.86 acres of vacant land for $4 million.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 14, 2014
Camden, Maine, couple buys Waterside Inn on the Beach

Christopher and Mary Nolan of Camden, Maine, purchased the 27-unit Waterside Inn on the Beach on Sanibel Island for $10 million.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 13, 2014
Premier Sotheby's opens Sanibel office

Naples-based Premier Sotheby's International Realty opened a new office on the barrier island of Sanibel after notching the highest-priced sale so far this year.

  • Charlotte–Lee–Collier
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