Industries

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By Kevin McQuaid
June 28, 2019

Richman Group to develop Naples multifamily project

Richman Group, the nation's seventh-largest apartment developer, has acquired land in Naples known as Magnolia Pond to develop up to 434 apartments in a deal brokered by SVN Lotus and SVN KONA.

Commercial Real Estate

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By Kevin McQuaid
June 28, 2019

Investcorp buys apartments in Plant City, Winter Haven

Investcorp has purchased apartment complexes in Plant City and Winter Haven as part of a $370 million portfolio deal with Equus Capital Partners.

Commercial Real Estate

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By Kevin McQuaid
June 28, 2019

Farley White reaffirms CBRE at Fifth Third Center

Farley White Interests has reaffirmed its commitment to CBRE Group as the leasing firm for its 19-story Fifth Third Center office building at 201 E. Kennedy Blvd. in downtown Tampa amid $3 million in renovations. to the building.

Commercial Real Estate

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By Business Observer Staff
June 28, 2019

Taxing decision results in win for transportation

A Hillsborough County, Florida, judge recently upheld a voter-approved 1-cent sales tax for transportation and transit improvements, where County Commissioner Stacy White had challenged the legality of the money distribution process.

News

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By Brian Hartz
June 28, 2019

Found in translation: Japanese realtor steps in to salvage deal

Using her cultural knowledge and background, Pierce Florida Realty LLC agent Sumiko Koboi, of St. Petersburg, Florida, helped salvage a deal for a commercial property owned by a Japanese businessman.

Tampa Bay-Lakeland

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By Business Observer Staff
June 21, 2019

Advertising association gets regional chapter reboot

American Advertising Federation-Southwest Florida set for July 1 relaunch.

News

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By Kevin McQuaid
June 21, 2019

Nuveen buys Brandon apartments for $77.5 million

Nuveen Real Estate Management, the investment arm of Teachers Insurance & Annuity Association, has invested $77.5 million to buy the Azola Apartments in Brandon, its third in a strong of recent multifamily rental properties in and around Tampa.

Commercial Real Estate

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By Kevin McQuaid
June 21, 2019

New Bradenton Financial Center owner outlines capital improvement plans

Savlan Capital, in the wake of its $14.95 million purchase of the Bradenton Financial Center, the city's tallest office building, intends to invest more than $1 million to upgrade the 33-year-old building's lobby, common areas, restrooms and more.

Commercial Real Estate

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By Kevin McQuaid
June 21, 2019

Get To Know ... Scott Cietek

Scott Cietek, the new head of the commercial division at Sarasota-based real estate brokerage firm Michael Saunders & Co., joins the firm after a career in the mortgage business and in economic development.

Commercial Real Estate

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By Kevin McQuaid
June 21, 2019

Encore! Takes a Bow

The Tampa Housing Authority and joint venture partner Banc of America Community Development Corp. are offering lots for sale at Encore!, a former public housing site, to compliment four residential buildings that have been developed at the site of the for

Commercial Real Estate

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By Brian Hartz
June 21, 2019

Counter punch: Irked entrepreneur hits back at rival

The Penny Hoarder, a St. Petersburg, Florida-based personal finance advice website, has filed a multimillion-dollar copyright infringement lawsuit against a larger competitor, Fluent Inc.

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By Andrew Warfield
June 14, 2019

ConnexPay pioneers funds on the fly model for online travel agencies

Naples startup processes millions of dollars in transactions per day with a one-of-a-kind fintech model. Market education is the next hill to climb.

Finance

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By Business Observer Staff
June 14, 2019

Are credit unions the new community banks?

Credit unions, nationally and especially in Florida, are diving into a new form of expansion: buying banks. A pair of billion-dollar area credit unions lead the way in the buy-to-grow strategy.