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More News

  • For Subscribers Only
    By
  • Business Observer Staff
  • January 30, 2010
Local music company sings a happy tune

Despite the still-lingering recession, the next 12 months could prove to be a high note in the life of the Cavanaugh Co., a Sarasota-based musical accessories manufacturer.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 30, 2010
Jobs, jobs, jobs, but mostly in D.C.

When U.S. Rep. Vern Buchanan, R-Longboat Key, called a press conference for Jan. 25 to announce his five-point jobs plan on a visit to the Sarasota Jobs, ETC., the Congressman was quick to get to the point, saying: “We really need to be focusing on jobs, jobs, jobs.”

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 29, 2010
Economic Snapshot: Business Investment

Business investment continues to decline on an annual percentage basis in every area of the Gulf Coast.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 29, 2010
Tampa gets 'distress relief'

The trend of investment groups buying and managing large numbers of distressed, single-family homes, which has been documented extensively in the Review, continues in Tampa.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 29, 2010
Health care debate: More people want out

Political pundit Peggy Noonan, who writes a weekly column for the Wall Street Journal, has a precious personal anecdote from the health care reform bill drama.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 29, 2010
Off the shelf bank deal was from New York

When news spread last week that a group of Naples investors had acquired all the assets and deposits of failed Premier American Bank in Miami, local bankers wondered who that was.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 29, 2010
Crist: Small Business Tax Break

Gov. Charlie Crist announced Wednesday a plan to reduce Florida's corporate income tax rate from 5.5% to 4.5% on the first $1 million of taxable income.

  • News
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 29, 2010
Hotels scores rosy in romantic rankings

Hopeless romantics on the Gulf Coast now have hope: Two local properties — the Bungalow Beach Resort on Bradenton Beach and the Sara Sea Resort on Siesta Key — were ranked in the top 10 in a nationwide survey of the country's most romantic hotels.

  • News
  • 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
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
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 29, 2010
LWR Communities sees sharp improvement

LWR Communities reports there are only 206 homes listed for sale in Lakewood Ranch down from 805 home on the market in February of 2007.

  • Manatee-Sarasota
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 29, 2010
Greystar, Praedium buy St. Pete Apartments

Lincoln Shores Associates LLC, a joint venture of Greystar Real Estate Partners and The Praedium Group, purchased the 631-unit Lincoln Shores Apartments east of 4th Street in the Gateway area of St. Petersburg for $24.2 million.

  • Tampa Bay-Lakeland
  • For Subscribers Only
    By
  • Business Observer Staff
  • January 29, 2010
Westfield Group buys Dillard's store

Little Rock, Ark.-based Dillard's sold it's 98,156-square-foot department store in Westfield Sarasota Square Mall near Potter Park Drive to the Westfield Group for $3 million. The purchase price equated to $31 per square foot of building space.

  • Manatee-Sarasota
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