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Commercial Real Estate

  • For Subscribers Only
  • By Business Observer Staff
  • February 4, 2010
Iowans buy land for Rosarno condo

Mullock Creek II LLC, a limited liability company run by two Iowa construction executives — Jeffry Henning and Bernard Baker — purchased 32.3 acres of land off U.S. 41 adjacent to the Shadow Wood Preserve Golf and Country Club for $2.27 million

  • Commercial Real Estate
  • For Subscribers Only
  • By Business Observer Staff
  • February 4, 2010
West Manatee Fire buys medical building

The West Manatee Fire & Rescue District purchased the 12,026-square-foot former Manatee Obstetrics & Gynecology medical office building on 3rd Avenue north of State Road 64 for $1.1 million.

  • Manatee-Sarasota
  • For Subscribers Only
  • By Business Observer Staff
  • February 4, 2010
SamWest buys 2,259 acres in Duette

James Grainger's SamWes purchased two parcels, totaling 2,259 acres of grazing land, in Duette near State Road 64 for $12.22 million.

  • Manatee-Sarasota
  • For Subscribers Only
  • By Business Observer Staff
  • February 4, 2010
Mavilo Wholesalers Inc. moves to Henderson

South Henderson LLC, a company headed by Mark Olivia president of Mavilo Wholesalers Inc., purchased a 14,980-square-foot office building and a parking lot on Henderson Boulevard, south of Kennedy Boulevard, for $2.27 million.

  • Commercial Real Estate
  • For Subscribers Only
  • By Business Observer Staff
  • February 4, 2010
Tampa investors buy Columbus Plaza

Tampa investors Sam and Laurice Hachem purchased the 119,502-square-foot Columbus Plaza shopping center for $2.8 million.

  • Tampa Bay-Lakeland
  • For Subscribers Only
  • By Business Observer Staff
  • February 4, 2010
Bethlehem Baptist Church building for charter school

Faced with growing space needs, Bethlehem Baptist Church in Sarasota is looking to relocate its pre-school, but its ultimate development plans will also affect more school age kids.

  • Manatee-Sarasota
  • For Subscribers Only
  • By Business Observer Staff
  • February 4, 2010
Crosland, DDA awarded $2.6 million

Charlotte, N.C.-based Crosland LLC, in a partnership with DDA Development, has been awarded more than $2.6 million from the City of Tampa to acquire, rehabilitate and resell foreclosed homes in the Tampa area under HUD's Neighborhood Stabilization Program.

  • Tampa Bay-Lakeland
  • For Subscribers Only
  • By Business Observer Staff
  • February 4, 2010
Garrison Developer Group to develop Preserve at Alafia

Tampa-based Garrison Developer Group of Florida has closed on a $48-million loan to fund development of The Preserve at Alafia, 351-waterfront luxury apartment development near downtown Tampa.

  • Tampa Bay-Lakeland
  • For Subscribers Only
  • By Jean Gruss
  • February 4, 2010
Owners in distress

Commercial real estate defaults are increasing and brokers and bankers are preparing for a growing number of foreclosures on office buildings, shopping centers and warehouses. Bankers have been slow to take back property.

  • Charlotte–Lee–Collier
  • For Subscribers Only
  • By Business Observer Staff
  • January 29, 2010
Stock Development buys back Lely Resort piece

Naples-based developer and homebuilder Stock Development purchased a 14.33-acre tract in the community for $3 million. The purchase price equated to $209,351 per acre.

  • Commercial Real Estate
  • For Subscribers Only
  • By Business Observer Staff
  • January 29, 2010
Hodges University's buy to handle enrollment

Hodges University, a private, non-profit college offering 24 undergraduate and seven graduate degree programs of study, announced it is expanding its Naples campus.

  • Charlotte–Lee–Collier
  • For Subscribers Only
  • By Business Observer Staff
  • January 29, 2010
Medical user buys office building

A Bonita Springs-based limited liability company led by Daniel Thompson purchased a 15,258-square-foot office building on Colonial Boulevard west of Interstate 75 for $3.1 million.

  • Commercial Real Estate
  • For Subscribers Only
  • By Business Observer Staff
  • January 29, 2010
Ohio's Maruti Properties buys airport hotel

Maruti Properties LLC, a limited liability company headed by Kaushik Patel, purchased the 90-room Comfort Inn & Suites Airport southeast of the interchange of County Highway 865 and Interstate 75 for $3.7 million.

  • Charlotte–Lee–Collier
  • For Subscribers Only
  • By Business Observer Staff
  • January 29, 2010
Plumbing owner buys Sawyer Road building

Joybill 5600 LLC, a limited liability headed by Joyce Milligan, purchased a 10,000-square-foot warehouse on five acres just off Sawyer Road north of Clark Road for $900,000.

  • Manatee-Sarasota
  • For Subscribers Only
  • By Business Observer Staff
  • January 29, 2010
Vesta Equity buys Lakewood Ranch building

Real estate investment fund Vesta Equity in Sarasota purchased a 22,480-square-foot office building on Professional Parkway south of University Parkway for $2.88 million.

  • Manatee-Sarasota
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