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Industries

  • For Subscribers Only
  • By Business Observer Staff
  • November 20, 2009
Developers Diversified Realty buys Lake Brandon Plaza

Retail real estate investment trust Developers Diversified Realty took control of the 197,000-square-foot Lake Brandon Plaza at the intersection of Causeway Boulevard and Providence Road for $18.27 million. The purchase price equated to $93 per square foot.

  • Commercial Real Estate
  • For Subscribers Only
  • By Business Observer Staff
  • November 20, 2009
Vision Development buys Sun City Wachovia branch

Orlando-based Vision Development and Management purchased a 3,916-square-foot former Wachovia Bank branch off State Road 674 in front of a Winn-Dixie-anchored shopping center for $570,000.

  • Commercial Real Estate
  • For Subscribers Only
  • By Business Observer Staff
  • November 20, 2009
Sunnyridge Farms buys Plant City warehouse

Winter Haven-based Sunnyridge Farms purchased a 51,000-square-foot warehouse building with refrigerated storage on Jim Johnson Road north of Roberts Ranch Road for $2.9 million.

  • Tampa Bay-Lakeland
  • For Subscribers Only
  • 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
  • For Subscribers Only
  • 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
  • For Subscribers Only
  • 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
  • For Subscribers Only
  • 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
  • For Subscribers Only
  • 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
  • For Subscribers Only
  • 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
  • For Subscribers Only
  • 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
  • For Subscribers Only
  • By Jay Brady
  • November 19, 2009
Government Digest 11/20/09

A look at governmental action from around the Gulf Coast.

  • Florida
  • For Subscribers Only
  • 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
  • For Subscribers Only
  • 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
  • For Subscribers Only
  • 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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