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Commercial Real Estate

  • By Business Observer Staff
  • June 13, 2014
Phillips Edison-ARC buys Broadway Promenade commercial portion

Cincinnati-based Phillips Edison-ARC Shopping Center REIT purchased the commercial portion of the Broadway Promenade mixed-use development for $11.33 million.

  • Manatee-Sarasota
  • By Business Observer Staff
  • June 13, 2014
Safepoint Insurance Co. buys Grand Oaks at Tampa Telecom Park

Residential insurance company SafePoint Insurance Co. purchased the 12,520-square-foot Grand Oaks at Tampa Telecom Park office building for $1.58 million.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • June 5, 2014
Phantom Fireworks buys Shoppes at the Forest

BUYER: Phantom of Fort Myers Inc. (principals: Bruce and Alan Zoldan, Jerry Bostocky, Kevin Henchar and William Weimer), Youngstown, Ohio

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • June 5, 2014
Tampa's Om Ventures buys North Port Commons

BUYER: North Port OMV LLC (principals: Dharma and Krishna Malempati), Tampa

  • Manatee-Sarasota
  • By Business Observer Staff
  • June 5, 2014
Mercury Investment buys Hunter's Ridge at Walden Lake

BUYER: MIC HR LLC (MAC Administrators XVIII Inc.), Duluth, Minn.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • June 5, 2014
TerraCap Partners II buys land for 'multifamily opportunity'

BUYER: Sun Center Village LLC (principal: Walter S. Hagenbuckle), Bonita Springs

  • Manatee-Sarasota
  • By Business Observer Staff
  • June 5, 2014
Miami investment group buys six flex/industrial buildings

BUYER: Brandon Commerce Center LLC (principal: Greg Zeifman), Miami

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • June 5, 2014
Mattamy Homes buys Thomas Ranch for $86.25M

Mattamy Homes has purchased the 9,650-acre Thomas Ranch property from Thomas Enterprises for $86.25 million. Vanguard Land, a Sarasota real estate development and investment firm, will be a minority partner in the property and will provide strategic planning and direction for Thomas Ranch.

  • Manatee-Sarasota
  • By Business Observer Staff
  • June 5, 2014
Codina-Carr, Barron Collier joint venture buys land for Moorings Park at Grey Oaks

BUYER: HCC MP LLC (principal: K. Lawrence Gragg), Coral Gables

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • June 5, 2014
Ventas buys land near The Carlisle Naples

BUYER: Ventas Naples LLC (principals: T. Richard Riney, Richard Schweinhart and Brian Wood), Louisville, Ky.

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • May 30, 2014
Holmes Beach homebuilder Kaleta buys two-home Longboat Key parcel

Shawn Kaleta, the homebuilder/owner of Holmes Beach-based Beach to Bay Construction, purchased two rental homes on a half-acre gulf-side parcel for $1.18 million.

  • Commercial Real Estate
  • By Business Observer Staff
  • May 30, 2014
Investors buy Morgan House for new downtown restaurant

Joseph Florentine and Donald Tyree, the president and operations manager of Affordable Secure Insurance, purchased the 5,155-square-foot Morgan House Restaurant building for $825,000.

  • Charlotte–Lee–Collier
  • By Mark Gordon
  • May 30, 2014
Delayed Recovery

The first three months of 2014 were solid, if not spectacular, for several commercial real estate brokers. But statistics show a widespread recovery remains elusive.

  • Manatee-Sarasota
  • By Jean Gruss
  • May 30, 2014
A New Cycle

Commercial real estate firms position themselves to benefit as buildings fill with new tenants and rents rise. Commercial Property Southwest Florida, the Cushman & Wakefield office in Fort Myers, is boosting its ranks.

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • May 30, 2014
Minnesota's Cortec Corp.opening plant in Sarasota

A company led by Boris Miksic, president and CEO of St. Paul, Minn.-based specialty chemical company Cortec Corp., purchased a 33,335-square-foot manufacturing facility in Parkland Centre for $1.4 million.

  • Tampa Bay-Lakeland
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