Industries

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By Michael Hinman
May 1, 2015

Land attack

Speculative investment in large land parcels is back. But it takes good timing, plus knowledge, to turn dirt into returns.

Tampa Bay-Lakeland

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By Business Observer Staff
May 1, 2015

Hospitality company executive buys two sections of island

A company led by Tom Torgerson, CEO of the Willmar, Minn.-based hotel company TPI Hospitality, purchased two large portions of Fort Myers Beach for a combined $13.3 million.

Charlotte–Lee–Collier

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By Business Observer Staff
May 1, 2015

Arthrex buys Polaris Center, Royal Palm bank building

Naples-based medical device manufacturer Arthrex Inc. purchased the 54,267-square-foot Polaris Center and a 8,853-square-foot vacant former Royal Palm Bank building for $21.95 million.

Charlotte–Lee–Collier

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By Business Observer Staff
May 1, 2015

Equity Management Partners buys Elm Lake Apartments

Multifamily owner/operator Equity Management Partners Inc. purchased the 64-unit Elm Lake Apartments for $2.5 million.

Tampa Bay-Lakeland

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By Business Observer Staff
May 1, 2015

Sheriff's Child Protective Services moving to Bright House building

Manatee County purchased the 25,186-square-foot former Bright House Networks building on Ninth Street for $2.65 million.

Manatee-Sarasota

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By Business Observer Staff
May 1, 2015

Polk County: Altamonte Springs buyer pays $3M for Maingate Inn

A company led by Paras Kayastha of Altamonte Springs purchased the 104-room Maingate Inn & Suites at Four Corners for $2.95 million.

Commercial Real Estate

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By Business Observer Staff
May 1, 2015

Ohio REIT pays $25M for The Cypress retail center

The private real estate investment trust Devonshire REIT Inc. purchased the 111,228-square-foot The Cypress shopping center in Wesley Chapel for $24.58 million.

Tampa Bay-Lakeland

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By Business Observer Staff
May 1, 2015

Investment partnership buys Hilton Garden Inn

Washington, D.C.-based private equity firm Excel Group and Wilton, Conn., investment-management company Westport Capital Partners LLC purchased the 148-room Hilton Garden Inn Tampa North for $11.15 million.

Tampa Bay-Lakeland

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By Business Observer Staff
April 24, 2015

Redstone Investments pays $28M for Austin Center

An affiliate of Redstone Investments purchased the five-building Austin Center in Westshore for $28.45 million.

Charlotte–Lee–Collier

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By Business Observer Staff
April 24, 2015

Atlanta company buys land for new industrial park

McDonald Development Co. purchased 68.7 acres east of U.S. 301 and south of Broadway Avenue for $7 million.

Commercial Real Estate

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By Jean Gruss
April 24, 2015

Pay dirt

Investors in TerraCap Management funds targeting distressed commercial real estate in Florida have benefited handsomely. The investment management firm says more deals are coming.

Charlotte–Lee–Collier

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By Business Observer Staff
April 24, 2015

Charlotte's Advanced Imaging real estate sells for $4 million

Dallas-based investment fund AIC Ventures purchased the 17,104-square foot Advanced Imaging of Port Charlotte building for $4.2 million.

Charlotte–Lee–Collier

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By Business Observer Staff
April 24, 2015

New England group buys Ringling Square

An investment group out of New England, operating as Ringling & Orange LLC, purchased the 38,420-square-foot Ringling Square and 144-space parking garage for $11.5 million.

Tampa Bay-Lakeland

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By Business Observer Staff
April 24, 2015

Orange Avenue building sells for $1.9 million

A company led by Sarasota businessman Eric Collin purchased an 11,452-square-foot office building on Orange Avenue and a vacant lot on Fruitville Road for $1.85 million.

Manatee-Sarasota

For Subscribers Only

By Business Observer Staff
April 24, 2015

N.Y. storage trust buys San Carlos Uncle Bob's

Buffalo, N.Y.-based Sovran Self Storage Inc. purchased the 57,908-square-foot San Carlos Self Storage for $4.71 million.

Commercial Real Estate

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Land attack

Hospitality company executive buys two sections of island

Arthrex buys Polaris Center, Royal Palm bank building

Equity Management Partners buys Elm Lake Apartments

Sheriff's Child Protective Services moving to Bright House building

Polk County: Altamonte Springs buyer pays $3M for Maingate Inn

Ohio REIT pays $25M for The Cypress retail center

Investment partnership buys Hilton Garden Inn

Redstone Investments pays $28M for Austin Center

Atlanta company buys land for new industrial park

Pay dirt

Charlotte's Advanced Imaging real estate sells for $4 million

New England group buys Ringling Square

Orange Avenue building sells for $1.9 million

N.Y. storage trust buys San Carlos Uncle Bob's

270 solar panels installed on Naples Airport campus

SEC accuses Port Richey real estate investment trust, founders of $152 million fraud scheme

3 master-planned communities in region among top 5 in US for home sales

Tampa approves $8.625M Army/Navy redevelopment with 1,150 homes

USF lands $1M gift to expand insurance program amid growing workforce shortage

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