Industries

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By Business Observer Staff
November 20, 2009

Residential Management Inc. buys Fisherman's Landing

Brooklyn, N.Y.-based Residential Management Inc. purchased the 256-unit Fisherman's Landing apartments just north of State Road 582 from Aimco for $14.95 million. The purchase price equated to $53,398 per unit.

Tampa Bay-Lakeland

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By Business Observer Staff
November 20, 2009

TCB moving to Palmetto

Lindsay Rolfe and Rodney Cole of TCB Products Inc. purchased the 14,016-square-foot former Leather Express building on 17th Street next to 16th Avenue for $700,000. Built in 1975, the building, which occupies a 2.89-acre parcel, houses a 2,016-square-foot office.

Commercial Real Estate

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By Business Observer Staff
November 20, 2009

Fort Myers' Fiber Solutions buys new headquarters

The owners of Fort Myers-based communications contractor Fiber Solutions, purchased the 20,000-square-foot former Metro Plumbing flex building on Metro Parkway north of Crystal Drive for $900,000. The purchase equated to $45 per square foot of total building space.

Charlotte–Lee–Collier

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By Business Observer Staff
November 20, 2009

Marici buys warehouse on Whitfield Park Loop

Marici LLC, a limited liability company run by Celeste Gruenstein, purchased a 9,750-square-foot warehouse in Whitfield Industrial Park near U.S. 301 for $650,000.

Commercial Real Estate

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By Business Observer Staff
November 20, 2009

IHOP franchisee buys second Naples location

Sunshine Restaurant Partners, an IHOP franchisee for Florida and Georgia, purchased a 4,050-square-foot former IHOP restaurant building near the intersection of Pine Ridge Road and Whippoorwill Lane for $1.1 million. The purchase price equated to $272 per square foot of building space.

Charlotte–Lee–Collier

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By Business Observer Staff
November 20, 2009

Williams Parker law firm adds to Cross Street holdings

The Sarasota-based law firm of Williams Parker Harrison Dietz & Getzen purchased a 1,792-square-foot office building on Cross St. in the Burns Court area south of downtown Sarasota for $990,000. The office was best known for housing Kimbrough & Koach.

Manatee-Sarasota

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By Business Observer Staff
November 20, 2009

Literacy Council buys Old 41 building

The Literacy Council of Bonita Springs Inc. purchased a 10,400-square-foot building on Old U.S. 41 north of Terry Street for $2.6 million. The purchase price equated to $250 per square foot of building space.

Commercial Real Estate

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By Jay Brady
November 19, 2009

Government Digest 11/20/09

A look at governmental action from around the Gulf Coast.

Florida

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By Jay Brady
November 19, 2009

Empty Promise

By next year, $19 billion is projected to have been spent to fully implement class size reduction in Florida since 2003, despite a lack of quantifiable evidence to support the policy.

Florida

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By Jean Gruss
November 19, 2009

Open receiver

Developer Kenneth Saundry Jr. spent 31 years in the real estate business in Florida building homes, RV parks, shopping centers and offices. Now, he's reinvented himself as a court receiver to manage distressed properties.

Charlotte–Lee–Collier

For Subscribers Only

By Jean Gruss
November 19, 2009

Orion's Fallen Star

Jerry Williams grew Orion Bank into one of the largest lenders in Florida during the real estate boom, only to be shut down by regulators in the bust. A last-ditch gamble to raise capital backfired.

Finance

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By Jean Gruss
November 19, 2009

All hands on deck

It's hard to think of a tougher challenge than for a Florida bank to raise capital today. But Bank of Florida Chief Executive Officer Michael McMullan has been here before.

Finance

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By Jean Gruss
November 19, 2009

Cross the Gulf

Louisiana-based IberiaBank resisted the temptation to expand its banking operations to Florida during the boom. Now that its rivals are struggling, it's diving into the state with two big government-assisted acquisitions.

Finance

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By Business Observer Staff
November 12, 2009

Kennedy White Orthopedic Center buys two floors of CattleRidge Medical

The Kennedy White Orthopedic Center purchased the second and third floors — 26,000 square feet — in the CattleRidge Medical Center near the intersection of Bee Ridge and Cattlemen roads for $5.94 million.

Commercial Real Estate

For Subscribers Only

By Business Observer Staff
November 12, 2009

KAMCO Property Co. buys Manatee Woods, other units

Plano, Texas-based commercial real estate firm KAMCO Property Co. purchased the 212-unit Manatee Woods apartment complex on 4th Avenue Drive and 14 units in the nearby Serendipity condominium for $4.2 million.

Manatee-Sarasota

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Residential Management Inc. buys Fisherman's Landing

TCB moving to Palmetto

Fort Myers' Fiber Solutions buys new headquarters

Marici buys warehouse on Whitfield Park Loop

IHOP franchisee buys second Naples location

Williams Parker law firm adds to Cross Street holdings

Literacy Council buys Old 41 building

Government Digest 11/20/09

Empty Promise

Open receiver

Orion's Fallen Star

All hands on deck

Cross the Gulf

Kennedy White Orthopedic Center buys two floors of CattleRidge Medical

KAMCO Property Co. buys Manatee Woods, other units

Port Tampa Bay gets $10M grant for dredging project

Construction giant moving local HQ, jobs from Naples to Fort Myers

Goodwill Manasota leases 55K square feet in Venice

Bradenton consulting firm names new CEO, adds two more to C-suite

Ikea to open at UTC in Sarasota

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