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Commercial Real Estate

  • By Business Observer Staff
  • November 5, 2009
Peninsula Bank takes Days Inn, Veranda

Peninsula Bank has taken back the 38-room Veranda Inn and the 73-room Days Inn in Venice in lieu of foreclosure from Best Southwestern Motels for a value of $2.42 million.

  • Manatee-Sarasota
  • By Business Observer Staff
  • November 5, 2009
Mobile Home Depot owner buys retail building

Stephen Guzman's 41 N. Fort Myers Real Estate Investment LLC purchased a 7,000 square foot retail building near the intersection of Pine Island Road and U.S. 41 for $500,000.

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • November 5, 2009
Bank of Naples finishes headquarters

Bank of Naples has completed construction of its headquarters and main banking office at 4099 N. Tamiami Trail. The project began last summer to upgrade the 36,000-square-foot, four-story building.

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • November 5, 2009
Lee County buys 56 acres for preserve

Lee County government purchased 56 acres at the eastern end of the Six Mile Cypress Slough Preserve next to Interstate 75 and north of Penzance Road for $1.5 million.

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • November 5, 2009
Coastland expanding to Bonita Springs

James and Kimberley Walker of Coastland Auto Body in Naples purchased a 12,844-square-foot industrial building on Production Circle east of U.S. 41 for $1.2 million.

  • Charlotte–Lee–Collier
  • By Alex Walsh
  • November 5, 2009
Southern Stability

The management team at Southern Crafted Homes decided to avoid getting swept up in the boom of 2005. By focusing on serving “a different kind of buyer,” the company is already seeing significant sales growth in 2009 — and 2010 could be even better.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • October 30, 2009
Discovery Point franchisee buys child development center

Sarah Bowie and her parents Christopher and Jane Moore purchased a 10,121-square-foot child care center on a Post Oak Boulevard for $2.63 million.

  • Commercial Real Estate
  • By Business Observer Staff
  • October 30, 2009
Franklin Property buys Verizon 56th Street building

Franklin Property & Development Group LLC purchased a 57,347-square-foot, two-story office building at the northwest corner of 56th Street and Serena Drive for $2.6 million.

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • October 30, 2009
Berth 12 dredging work starts at Port Manatee

Construction has started on the first phase of Port Manatee's Berth 12 dredging project.

  • Manatee-Sarasota
  • By Business Observer Staff
  • October 30, 2009
Bogey's Restaurant, Sports Pub buys original, Venice building

Albert Myara's Bogey's of Venice Holdings LLC purchased the 4,692-square-foot Bogey's Restaurant & Sports Pub building at the southwest corner of Venice Avenue and Florida 45 for $850,000.

  • Manatee-Sarasota
  • By Business Observer Staff
  • October 30, 2009
CVS Pharmacy buys land for third Immokalee Road store

Woonsocket, R.I.-based drug store company CVS Pharmacy purchased several acres at the corner of Immokalee Road and Randall Boulevard for $2.5 million.

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • October 30, 2009
Turf company Bethel Farms buys 300 acres of cattle land

Arcadia-based Bethel Farms purchased 307 acres of grazing and wilderness land on Ryals Ranch and Knotts Berry roads for $1.13 million. The purchase price equated to $3,659 per acre.

  • Commercial Real Estate
  • By Business Observer Staff
  • October 29, 2009
Evergreen, Northview buy Lofton Place

Evergreen Residential and Northview Capital purchased the Lofton Place apartments on Deerbrooke Creek Circle north of Gunn Highway from Equity Residential for $16 million.

  • Commercial Real Estate
  • By Business Observer Staff
  • October 29, 2009
Bradenton plastic surgeon buys medical building

Bradenton Plastic Surgery Center LLC, a limited liability company managed by Bradenton plastic surgeon Dr. Enrique Fernandez, purchased a 2,560-square-foot medical office building on 59th Street north of 17th Avenue for $642,500.

  • Manatee-Sarasota
  • By Business Observer Staff
  • October 29, 2009
SDG Apartments buys Sundance Grove

SDG Apartments LLC, a limited liability company owned by Richard Riffel, purchased the Sundance Grove apartment complex on Mall Drive next to the Edison Mall for $3.6 million.

  • Commercial Real Estate
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