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More News

    By
  • Business Observer Staff
  • December 14, 2007
Commercial Real Estate Briefs

Cameratta buys Cypress ShadowsNorthern Trust expands in Fort MyersReal estate investors buy Naples marinasArizona company buys mobile home parkInvestment group buys Cattlemen Road buildingSarasota developer plans Fairway Grande HotelSenior Housing Properties buys Harbour Island ClubNew York firm buys apartmentsAshley Furniture plans warehouse expansionSeminole Music owner buys Freddy's Plaza

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • December 14, 2007
Coffee Talk

Lee County imposes moratorium: Incoming Lee County Commission Chairman Ray Judah had some explaining to do when he appeared before a group of builders and developers recently.Shells goes to the Middle East: It's not where you normally hear about international expansion.Construction firm looks forward to next year: T. Craig Campbell, president of Palmetto-based Zirkelbach Construction, uses phrases like "cautiously optimistic", "hopeful" and "still watching pennies", when predicting what kind of year the company is looking at in 2008. Commercial brokers seek access to TICs: If the National Association of Realtors has its way with federal regulators, some commercial real estate brokers will have another way of making money next year.WCI gets reprieve from lenders: WCI Communities got a one-month extension from lenders to Jan. 7 to renegotiate the terms of its loans. So what?Homebuilder celebrates the holidays with sales: November turned out to be a pretty good month for Lakewood Ranch-based homebuilder Neal Communities.Tampa to get Ritz-Carlton: For years, city and tourism officials have lamented that the Ritz-Carlton's flag hasn't flown over Tampa.

  • News
    By
  • Business Observer Staff
  • December 7, 2007
Coffee Talk

JBM Realty Advisors goes California dreamin' : Another Tampa company, JBM Realty Advisors, one of the nation's premier institutional multifamily brokerage firms, recently connected with a large out-of-state business, Sperry Van Ness.Sarasota Chamber looks to tomorrow with optimism: Sarasota Tomorrow, the capital campaign designed to prove businesses aren't just a necessary evil, kicked of its donation season with a big announcement: It has already raised $1.22 million - 60% of its $2 million goal.Condo project goes retro, sells most units: The following sentence wasn't lifted out of a 2005 Coffee Talk item: A Sarasota condo developer has been selling units at about the rate of one a week for three months, with the majority going to the contract stage Sarasota money manager dies from stroke: Gary Wood, founder of a Sarasota-based money management firm bearing his name, died Nov. 29, a few weeks after suffering a stroke. He was 68.HMA highlights chairman's stock sales: It's usually a routine affair when top executives sell stock of the company they manage.Foreign tourism slips, security issues blamed: Security concerns are making it more difficult for the Tampa Bay area to attract foreign visitors, a key component of the area's important tourism industry.Commercial brokers seek access to TICs: If the National Association of Realtors has its way with federal regulators, some commercial real estate brokers will have another way of m

  • News
    By
  • Business Observer Staff
  • December 7, 2007
Commercial Real Estate Briefs

Davie investors develop Merchant CrossingTrenton developers, investors buy Joey's Pizza, Pasta buildingParadise Group develops Naples WalgreensGermain Toyota Clark Road buys landGrocery giant Publix buys University Walk parcelPalmetto shop owners acquire U.S. 301 buildingJacksonville Bank acquires DQ branchAldi buys site, plans eight in TampaNew owners buy Payless Car Sales

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 29, 2007
Coffee Talk

Businesses fight back: We're not bad: The Greater Sarasota Chamber of Commerce is out to prove that businesses, both big ones and small ones, from developers to diamond sellers, aren't the enemy of the good life on the Gulf Coast.Judge advocates secrecy pact: The Spanish government got another step closer to getting long-awaited details of the estimated $500 million in sunken treasure salvaged by Tampa-based deep-sea explorers thisWestshore projects slow down and stop: South West Shore Boulevard has some of the last large tracts of waterfront land in South Tampa available for redevelopment.Company seeks motivation in new name: An entrepreneur's two-year quest to stop a sales slide and focus on a new direction has led to one of the riskiest decisions a company could make: A name change.ECONOMIC SNAPSHOT

  • News
    By
  • Business Observer Staff
  • November 29, 2007
Commercial Real Estate Briefs

Naples investors develop Holiday InnWolf & Pravato moves, acquires Colonial locationNaples' Classroom Plus moves to GoodletteSt. Louis hotelier buys Fort Myers hotelSMG buys Lemon, Lime apartmentsPalmetto Real Estate firm buys Bradenton flex buildingSarasota investors buy up Cove CleanersJES Properties buys Ashley Glen landSeminole developers buy Hudson storage facilityAdult business owner buys Holiday building

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 23, 2007
Coffee Talk

Investment bank: TIB a likely buyout target Is TIB Financial Corp. in play?: The Naples-based owner of TIB Bank recently appeared on a list of likely takeover targets put out by investment bank Keefe, Bruyette & Woods.Auction brings in deals, discounts: Sure, the real estate market isn't what it once was, but still, selling more than $100 million of luxury real estate in one setting in one day has to be considered a pretty good accomplishmentPlan for compliance, avoid the Feds: The image of federal agents descending on and investigating Wellcare in Tampa may have left a chilling effect on Gulf Coast health care businesses working with Medicaid and Medicare patients.Newshound buyers sell the dogs: Naples-based value investor Bruce Sherman is selling his stake in newspapers, recent securities filings show.Seminole Hard Rock reopens with additions: The Seminole Hard Rock Hotel & Casino in east Tampa celebrated the grand opening of its $120 million expansion, including a new second floor for the casino, the Fresh Harvest restaurant and a VIP lounge.GULF COAST UNEMPLOYMENT RATE

  • News
    By
  • Business Observer Staff
  • November 23, 2007
Commercial Real Estate Briefs

Deltona Corp. buys 812 Cape Coral home lotsAshley and City Furniture expands to Fort Myers, NaplesFlorida Capital plans I-75 apartmentsPointe Group Advisors plans Westshore projectPollack Partners, Mainsail plan Westshore apartmentsJohn Neal buys half of University Park clubLakewood Ranch developerdonates land to MCCFormer Pulte executive heads Taylor Morrison

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 16, 2007
Commercial Real Estate Briefs

TB&W Enterprises acquire Bonita Springs developmentInvestment group buys 40 acres in CharlotteRLR Investments buys Royal Shell VacationsAndersen Racing owners buy Palmetto trackPossible buyer probes School Avenue siteKaplan, Bennett eye State Road 64 developmentsBenderson's university center passes Planning CommissionChicago firm buys Adagio ApartmentsLake City hotelier invests in Wesley Chapel ERSeven One Seven Parkingacquires Tampa parking lot

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 16, 2007
Coffee Talk

A Bridge to Celebration: Rob Morris is one happy developer these days: The project he dreamed of three years ago - a $3.5 million bridge that will serve as an entrance to his firm's Sarasota condo project along the Phillippi River - is officially completed. And better yet, it came in early and under budget.Icahn hedge funds lose on WCI bet: Billionaire investor Carl Icahn's bet on WCI Communities led to the first quarterly decline of his hedge funds since they opened three years ago, Bloomberg reported recently.Standing in defiance of the market: On Nov. 7, elected officials, Pinellas County staff, and The Sembler Co. leadership grabbed shovels and broke ground for Sembler's first standalone residential community called Duval Park, a new traditional neighborhood in the heart of Pinellas County in Lealman.Bonds show WCI's odds of survival: Bond prices are always a good indicator of corporate health.

  • News
    By
  • Business Observer Staff
  • November 9, 2007
Coffee Talk

Area construction firms look past condos: Sarasota-based construction executive John Wiseman says he's not going to leave a candle burning in the window for the dark Gulf Coast condo market.Alico-Ginn deal a clue to real estate future: To get a sense for when the real estate market will rebound in Lee County, take a look at the recent restructuring of a deal between Orlando-based developer Ginn Development and Alico, the giant agribusiness headquartered in LaBelle.And now live, from Tampa Bay, it's . . .: With just the perfect mix of being in the right place at the right time, almost anything can happen.WCI stock may be a treat, if it doesn't trick Does Michael Burry know something we don't?: On Halloween, Burry acquired 5.7% of the outstanding stock of WCI Communities, the Bonita Springs-based homebuilder that is now chaired by billionaire investor Carl Icahn.Florida bankinghead leaving: Susan Martinez, regional president for Region's Financial Corp. in Tampa, a banking industry veteran of 35 years in Florida and one of the few female banking presidents, is retiring at the end of the year.Engineers call a bottom to the housing market: You shouldn't lose your sense of humor, especially when times are tough.We're number nine! We're number nine!: Drum roll please: Florida ranked...ninth in 2007, behind first-place North Carolina and seven other states on Site Selection magazine's annual business climate rankings.Media Gene

  • News
    By
  • Business Observer Staff
  • November 9, 2007
Commercial Real Estate Briefs

First American plans Fort Myers branchR&S Development gears up for SandalwoodDeangelis construction buys Alico industrial buildingMichigan investors buy Royal Oaks CenterGolden Aluminum Extrusion buys Plant City plantTampa dealership group buys Precision KiaMattison's group expands to Tamiami TrailNaples hotel group buys land for Hyatt PlaceCenter for Premier Dentistry moving to Clark Road

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • November 2, 2007
Commercial Real Estate Briefs

John Hicks Co. buys Venetian at Capri IslesPaving company buys Palmetto CoxTarmac buysindustrial landPorterfield family buys Pewett CenterGeorgia developer builds Slater Road CVSPrudential Realty, CLW buy Thompson centerClearwater landlord buys Gateway ApartmentsInland Real Estate buys Citizens Insurance officeGraybar Electric buys existing warehouse building

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • November 2, 2007
Coffee Talk

First the FBI, then lawyers, now stock crash: First, WellCare Health Plans in Tampa got a visit from the FBI last week.Shareholder seeks more money - and pancakes: Maple syrup was gushing down Wall Street Oct. 30 after shareholders of sit-down, casual restaurant chain Applebee's approved a $1.9 billion buyout offer from IHOP Corp.Found: A trio of buyers for high-end eateries: After a yearlong search, going as far as meeting with international prospects and running ads in the Wall Street Journal, the owners of a Sarasota-based conglomerate of high-end restaurants and grocery stores have finally found a buyer.

  • News
    By
  • Business Observer Staff
  • October 26, 2007
Coffee Talk

Big payout looms for Radiation Therapy: Who says private equity deals are dead?Switching up,not giving up: To a developer with major moxie, bad news is just a niggling detail - even bad news like, say, a seriously slumping housing market, where in particular, downtown Sarasota condo sales are as rare as towels in a nudist colony.Another knock against Hometown Democracy: Add Tampa land broker Bruce Erhardt to the list of business people questioning the wisdom of Florida Hometown Democracy, a statewide ballot movement that, if passed, would require citizens to make all major land-use decisions via referendums.Expansion knows no bounds: Brown & Brown, a Tampa- and Daytona Beach-based insurance company, continued its national expansion march this month with the acquisition of Professional Risk Managers of New York.A complicated simplification: Gevity, the Lakewood Ranch-based human resources outsourcing firm struggling with a battered stock price and more recently, a resigned chief executive, says the answer to its problems is to regroup and undertake a simplified and solidified approach to its business.Exodus continues from troubled WCI: The exodus from the corporate ranks of WCI Communities continues as the Bonita Springs-based homebuilder struggles with a brutal housing market.Atlanta nightclub owner hits the links in Naples: Atlanta-based strip club owner Jack E. Galardi of Galardi South Enterprises, has turned his attention

  • News
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