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Commercial Real Estate

  • By Business Observer Staff
  • May 8, 2015
Polk County: Munn Park office building bought for executive suites

Prominent chief financial office Katherine Lake purchased a 12,000-square-foot historic office building overlooking Munn Park for $1 million.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • May 8, 2015
Sunset Automotive Group adding Audi, Infiniti support buildings

Sunset Automotive Group purchased the 10-acre former Sarasota Springfest grounds in Palmer Ranch for $2.67 million.

  • Manatee-Sarasota
  • By Business Observer Staff
  • May 8, 2015
Vanguard Cos. affiliate buys ranch's Tire Choice

Three investment firms led by Kony Properties, an affiliate of Sarasota's Vanguard Cos., purchased a 5,226-square-foot retail/automotive service building for $2.93 million.

  • Tampa Bay-Lakeland
  • By Michael Hinman
  • May 1, 2015
Augmented Realty

Some real estate firms resisted technology advancements. One firm embraces change, with stellar results.

  • Manatee-Sarasota
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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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