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Commercial Real Estate

  • For Subscribers Only
  • By Business Observer Staff
  • November 20, 2009
IHOP franchisee buys second Naples location

Sunshine Restaurant Partners, an IHOP franchisee for Florida and Georgia, purchased a 4,050-square-foot former IHOP restaurant building near the intersection of Pine Ridge Road and Whippoorwill Lane for $1.1 million. The purchase price equated to $272 per square foot of building space.

  • Charlotte–Lee–Collier
  • For Subscribers Only
  • By Business Observer Staff
  • November 20, 2009
Williams Parker law firm adds to Cross Street holdings

The Sarasota-based law firm of Williams Parker Harrison Dietz & Getzen purchased a 1,792-square-foot office building on Cross St. in the Burns Court area south of downtown Sarasota for $990,000. The office was best known for housing Kimbrough & Koach.

  • Manatee-Sarasota
  • For Subscribers Only
  • By Business Observer Staff
  • November 20, 2009
Literacy Council buys Old 41 building

The Literacy Council of Bonita Springs Inc. purchased a 10,400-square-foot building on Old U.S. 41 north of Terry Street for $2.6 million. The purchase price equated to $250 per square foot of building space.

  • Commercial Real Estate
  • For Subscribers Only
  • By Jean Gruss
  • November 19, 2009
Open receiver

Developer Kenneth Saundry Jr. spent 31 years in the real estate business in Florida building homes, RV parks, shopping centers and offices. Now, he's reinvented himself as a court receiver to manage distressed properties.

  • Charlotte–Lee–Collier
  • For Subscribers Only
  • By Business Observer Staff
  • November 12, 2009
Kennedy White Orthopedic Center buys two floors of CattleRidge Medical

The Kennedy White Orthopedic Center purchased the second and third floors — 26,000 square feet — in the CattleRidge Medical Center near the intersection of Bee Ridge and Cattlemen roads for $5.94 million.

  • Commercial Real Estate
  • For Subscribers Only
  • By Business Observer Staff
  • November 12, 2009
KAMCO Property Co. buys Manatee Woods, other units

Plano, Texas-based commercial real estate firm KAMCO Property Co. purchased the 212-unit Manatee Woods apartment complex on 4th Avenue Drive and 14 units in the nearby Serendipity condominium for $4.2 million.

  • Manatee-Sarasota
  • For Subscribers Only
  • By Business Observer Staff
  • November 12, 2009
Brightwork Real Estate leases restaurant to Verizon

Tampa-based Brightwork Real Estate purchased a former Johnny Carino's 6,256-square-foot restaurant building, an outparcel to the Lake Brandon Village shopping center, for $2.3 million.

  • Commercial Real Estate
  • For Subscribers Only
  • By Business Observer Staff
  • November 12, 2009
Florida investor group buys Spring Glade apartments

Elster/Rocatica LLC purchased the 78-unit Spring Glade apartments off 22nd Street north of Fletcher Avenue at a foreclosure auction for $915,000.

  • Tampa Bay-Lakeland
  • For Subscribers Only
  • By Business Observer Staff
  • November 12, 2009
Tampa's Merecorp Inc. buys Baywater Apartments

Tampa area investor William Sultenfuss purchased the Baywater Apartments on Waters Avenue near Rustic Drive from the Dinerstein Cos. for $5.95 million.

  • Tampa Bay-Lakeland
  • For Subscribers Only
  • By Business Observer Staff
  • November 12, 2009
Coconut Point Properties buys 13 units from Simon

Dan Peregrin, a managing partner in the Arkansas accounting firm of Moore Stephens Frost and a land investor, and his wife Jacqueline Peregrin purchased 13 office suites in Coconut Point for $1.72 million.

  • Commercial Real Estate
  • For Subscribers Only
  • By Business Observer Staff
  • November 12, 2009
Horizon Bay Hyde Park develops six-story building

Horizon Bay Hyde Park LLC purchased slightly less than two acres on South Boulevard and Horatio Street for $3.4 million.

  • Tampa Bay-Lakeland
  • For Subscribers Only
  • By Business Observer Staff
  • November 12, 2009
Petray Property buys building

Raymond Perla's Petray Property Investments LLC purchased a 12,922-square-foot office and retail building on Colonial Boulevard near Sommerset Drive for $875,000.

  • Commercial Real Estate
  • For Subscribers Only
  • By Business Observer Staff
  • November 12, 2009
Ritz-Carlton Sarasota starts renovation

The Ritz-Carlton Sarasota has kicked off the renovation portion of its $5 million improvement project and aside from guests the big winners will be charities.

  • Manatee-Sarasota
  • For Subscribers Only
  • By Business Observer Staff
  • November 12, 2009
Manatee awarded grant for energy efficiency

The Manatee Board of County Commissioners has accepted $2.4 million in federal stimulus funds as part of the Energy Efficiency and Conservation Block Grant program.

  • Manatee-Sarasota
  • For Subscribers Only
  • By Business Observer Staff
  • November 12, 2009
Pizzuti Solutions LLC extends Milwaukee Avenue

Pizzuti Solutions LLC, a division of The Pizzuti Cos., recently completed a $450,000 extension of Milwaukee Avenue between Main Street and Skinner Boulevard across from Mease Dunedin Hospital in downtown Dunedin.

  • Commercial Real Estate
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