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Commercial Real Estate

  • By Business Observer Staff
  • March 18, 2010
Riteway Investments buys Seminole Avenue apartments

Celestino and Gustavo Marrero, the owners and founders of Hollywood-based insurance-focused building contractor Riteway Insurance Repair Service Inc., purchased an 11-unit apartment building north of Palm Beach Boulevard for $120,000.

  • Commercial Real Estate
  • By Business Observer Staff
  • March 11, 2010
Stuart S. Golding Co. buys Shoppes At 54

Clearwater developer Stuart S. Golding Co. purchased the 11,723-square-foot Shoppes At 54 retail center on State Road 54 east of Rowan Road for $1.2 million.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • March 11, 2010
Morgan House owners buy Fort Myers building

Michael and Patti Price, owners of the Morgan House restaurant, purchased a 6,250-square-foot historic building on Patio De Leon from Wachovia Commercial Mortgage for $410,000.

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • March 11, 2010
Atco Inc. buys gas station

Sarasota-based gas station company Atco Inc. purchased a 1,400-square-foot BP convenience store on Holmes Beach for $1.23 million.

  • Commercial Real Estate
  • By Business Observer Staff
  • March 11, 2010
Group buys Potter Park office buildings

Palmer Ranch Executive Office Center LLC, a real estate entity led by Stephen Anderson of the Sarasota-based general contractor Anderson & Ellis Inc., purchased two office buildings, totaling 15,987 square feet, on Potter Park Drive north of Central Sarasota Parkway for $800,000.

  • Manatee-Sarasota
  • By Business Observer Staff
  • March 11, 2010
Motel operators buy U.S. 41 motel

Karl Gerhard, Roger Herber and Karl Vivienne purchased the 28-room Warm Mineral Springs Motel on U.S. 41 for $350,000.

  • Manatee-Sarasota
  • By Business Observer Staff
  • March 11, 2010
Alliance Group of Tampa Bay buys 131st Avenue flex building

The Alliance Group of Tampa Bay VIII LLC, headed by Armando Flores and Armando Flores III, purchased a 25,500-square-foot commercial building off Ulmerton Road for $1.18 million.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • March 11, 2010
Garrison group starts Alafia project

Garrison Developer Group of Florida has started construction on The Preserve at Alafia, a Riverview development with 351 waterfront apartments.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • March 11, 2010
McGarvey Development builds villas in Quail West

Two real estate entities controlled by John McGarvey of McGarvey Development Co. and McGarvey Custom Homes, purchased 45 villa lots in the 1,180-acre Quail West community for $3.23 million.

  • Commercial Real Estate
  • By Mark Gordon
  • March 11, 2010
Dual Roles

Robert Lincoln despises Hometown Democracy and is a trusted backer of developers and their legal rights throughout the Gulf Coast. But in one huge local project, he's the man fighting developers.

  • Manatee-Sarasota
  • By Business Observer Staff
  • March 4, 2010
Hunt & Associates buys 83 condominiums

Kenmore, N.Y.-based real estate firm Kenmore Development purchased 83 units in the Windsor East Condominium in Fort Myers for $2 million.

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • March 4, 2010
Brookfield fund buys Fountain Square I, III

The Brookfield Real Estate Opportunity Fund, a collection of funds sponsored by Brookfield Asset Management, purchased the Plaza at Fountain Square III and Fountain Square I in Westshore from Chase Bankcard Services for $43.5 million.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • March 4, 2010
St. Pete business owners buy apartments

CPN Holdings LLC, a purchase entity headed by the Nguyen family of St. Petersburg, purchased the 40-unit The Ambassador apartment complex on 50th Avenue east of Seventh Street for $1.37 million.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • March 4, 2010
Aldi develops Port Richey store

Batavia, Ill.-based discount grocer Aldi USA purchased a 7,300-square-foot former Lone Star Steakhouse restaurant building on two acres along U.S. 19 for $1.56 million.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • March 4, 2010
Joneses buy Capri Inn, plan rehab, rebranding

Don and Elena Jones of Sarasota purchased the 10-unit Capri Inn at The Beach motel on Siesta Key east of Midnight Pass Road from a The Bank of Commerce subsidiary for $995,000.

  • Manatee-Sarasota
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