Commercial Real Estate

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By Business Observer Staff
May 13, 2011

iStar Financial renovates first phase of M&I building

New York City-based iStar Financial has completed the first phase of its renovation to the M&I Bank in downtown Sarasota.

Commercial Real Estate

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By Business Observer Staff
May 6, 2011

Canadian investment group buys MacDill Landings units

Vancouver, British Columbia-based A.J. Galbraith & Associates Ltd. purchased 21 residential condominium units in the 28-unit MacDill Landings for $1.84 million.

Tampa Bay-Lakeland

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By Business Observer Staff
May 6, 2011

Penn-Florida, Edge Principal Advisors buy Lakeview Center, Eastpointe

A joint venture partnership purchased a mortgage covering the Lakeview Center and Eastpointe office buildings from GE Capital and took ownership of the properties in lieu of foreclosure.

Tampa Bay-Lakeland

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By Business Observer Staff
May 6, 2011

Michigan investors buy Cape Grande land

Farmington Hills, Mich., investor John Kulhavi purchased a 3,254-square-foot office building on 3.1 acres fronting the Caloosahatchee River for $1.45 million.

Charlotte–Lee–Collier

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By Business Observer Staff
May 6, 2011

Railhead Recycling developing paper baler

The owners of Railhead Recycling purchased a 26,000-square-foot manufacturing building on three acres for $1.4 million.

Charlotte–Lee–Collier

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By Business Observer Staff
May 6, 2011

Blue Rock Partners buys Palm Grove Apartments

Tampa-based Blue Rock Partners LLC purchased the 244-unit Palm Grove Apartments for $5.55 million.

Tampa Bay-Lakeland

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By Business Observer Staff
May 6, 2011

Miami contractors buy, developing Bella Casa

A Miami company purchased 26 completed units and another 120 partially developed units in the Bella Casa condominium development for $2.4 million.

Charlotte–Lee–Collier

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By Business Observer Staff
May 6, 2011

Colony Beach & Tennis owners facing renovation restrictions

Colony Beach & Tennis Resort unit owners may have an issue renovating what's currently on the Longboat Key property because of a FEMA-related flood-control ordinance.

Commercial Real Estate

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By Business Observer Staff
May 6, 2011

Sarasota P.F. Chang's still in the works

Approval work continues for a P.F. Chang's China Bistro in downtown Sarasota.

Manatee-Sarasota

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By Business Observer Staff
May 6, 2011

Taylor-Pansing hired to renovate McCollum Hall

The City of Fort Myers approved a continuing contract with Taylor-Pansing Inc. to act as construction manager-at-risk for the first phase of the roofing and stabilization of McCollum Hall.

Charlotte–Lee–Collier

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By Business Observer Staff
May 6, 2011

Bridgeport Center renovations nearly complete

Flagler is nearing completion on its three-year, more than $1 million improvement plan at Bridgeport Center in Tampa's Westshore market.

Commercial Real Estate

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By Business Observer Staff
May 6, 2011

Nokomis investors put contract on El Patio Hotel

David and Susan Macrae of Nokomis have signed a contract to buy the historic El Patio Hotel in Venice for $2.2 million. The agreement, which is still in its due diligence period, is scheduled to close in May.

Manatee-Sarasota

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By Carl Cronan
May 6, 2011

Rental Restyling

Developer Phil Farley is turning an old public housing complex into Urban Style Lofts. The key is attracting the young clientele who will make it work.