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More News

    By
  • Business Observer Staff
  • September 15, 2006
Coffee Talk

Coffee Talk: Southwest may add Fort Myers flightsThe real estate market may be in the dumps, but at least one segment of the advertising industry that caters to it - billboards - is booming. Sarasota employers are not an optimistic bunch, according to Manpower Inc.'s most recent employment outlook survey.Coral Gables-based Cornerstone Group is touting its new all-concrete town home community as the cure to homeowners' insurance woes.If the residential real estate market is in a slump, you wouldn't know it based on investors' appetites.Morgan Stanley executives say they've raised $1.75 billion for Morgan Stanley Real Estate Fund V U.S., the institutional fund that recently bought Babcock Ranch in partnership with West Palm Beach developer Syd Kitson. Tampa-based Suncoast Roofers Supply (profiled in the May 12 Review) has opened its 15th location, this one in Gainesville, home of the University of Florida Gators.When the public sector borrows from the business world, it tends to raise eyebrows and lower costs. In Sarasota County, that lesson is coming home in the Office of Financial Planning.Pulte Homes and its DiVosta subsidiary are two of the best homebuilders on the Gulf Coast for customer satisfaction, according to J.D. Power and Associates. Yet another Palm Avenue development RFPThere's an anti-development fight in St. Pete Beach, a south Pinellas County coastal community of 10,000, and Wa

  • News
    By
  • Business Observer Staff
  • September 7, 2006
Cape Coral firefighters union buys building

The purchase entity Cape Coral Firefighters Building Corp. mortgaged the building to Wachovia Bank NA for $344,000.

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • September 7, 2006
Coffee Talk

Comp costs going down: The Boca Raton-based National Council on Compensation Insurance, a clearinghouse of workers comp research and data, has recommended an 11% reduction in Florida's rates for 2007. Generating home buyers: And now, the Tampa division of US Home has extended its offer of a free home generator through the end of September.Delta cuts back traffic to Gulf Coast citiesDagwood is hot: Dagwood's Sandwich Shoppes, a restaurant franchise company based in Clearwater and New Orleans, has contracted for 356 new locations since it launched in May.Homebuilders go bald for sales: The top executives at First Home Builders in Fort Myers pledged to shave their heads if they reached a goal of selling 2,900 homes so far this year. Meeting corporate demand: Shutts & Bowen's new Tampa managing partner, R. Allan Higbee, says the law firm's fast growth is in response to the burgeoning demand for corporate lawyers in the Tampa Bay area.Lee Memorial tops list: AARP, the nonprofit organization for people more than 50, ranked Lee Memorial Health System second in the country in its annual list of 50 Best Employers for Workers Over 50.More on double standard:For those who haven't heard enough about the former Tampa teacher placed on house arrest earlier this year for her sexual relationship with a teenage student, more is on its way.

  • News
    By
  • Business Observer Staff
  • September 7, 2006
Real Estate Briefs

Commercial Real Estate: AutoNation planning Mercedes dealershipPort Charlotte buyers take over North Port buildingTwo automotive insiders plan Infiniti dealershipCalifornia investors buy Fort Myers CVSKBS REIT purchases Sabal PavilionInland Real Estate buys Walter's CrossingFlorida Spine Institute acquires headquarters

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • September 7, 2006
Jet Sports Management plans new sports bar

Abbott has hired Tampa-based Veranda Homes to completely renovate the building. 

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • September 1, 2006
Real Estate Briefs

Retail land bank invests in Bradenton Pala Band of Mission Indians buys Bradenton RoadhousePeople's Community Bank plans new Bradenton branchIowa's BH Equites acquires Three PalmsGreenbelt's Baywood Hotels plans suites for Tampa FairfieldParadigm Properties buys Lakeview OaksSanta Fe's BGK Group pays $9 million for office buildingBradenton resident buys Fort Myers CVSTaggart buys building on First Avenue in NaplesD'Jamoos Group announces São Grato

  • Manatee-Sarasota
    By
  • Business Observer Staff
  • September 1, 2006
Coffee Talk

A luxurious incentive:For many Realtors and home agents, getting those fence-sitting buyers to take the plunge and actually buy a house is an on-going battle these days. PCM trims newspaper company holdings: Naples-based Private Capital Management, which manages $24 billion for wealthy and institutional investors, is sticking to its newspaper story even as a recent filing shows the firm trimmed its newspaper-stock holdings.Going through the government gauntlet: During the past 35 years, the executives at Morton's Gourmet Market, a Sarasota-based high-end grocery and bakery, have gone through the Sarasota's county and city government permitting gauntlet plenty of times, be it trying to expand a parking lot or build an addition to the structure. St. Petersburg Chamber of Commerce President/CEO John Long says the city's skyline isn't all that's changing: The chamber is redefining itself through the shuffling of eight executives and the hiring of three new leaders in an effort to increase membership and better reflect the growth of the business community.The blogosphere and message boards are buzzing over the plunging shares of Fort Myers-based women's retailer Chico's FAS.Soon after Venice-based window and door manufacturer PGT went public earlier this summer, company president Rod Hershberger was given the rock star treatment.Coffee Talk can brag with the best of them, regularly touting Gulf Coast businesses that make the cut in n

  • News
    By
  • Business Observer Staff
  • August 25, 2006
Coffee Talk

Sure, Todd Katz, attorney and co-founder of Tarpon Coast Bank in Punta Gorda, says all the right things about how to successfully launch a bank on the Gulf Coast: Top-shelf central location is a priority; great customer service; competitive rates and the best use of new banking technology. If you're in the residential real estate business, it's important to know what's happening up north.One builder's loss is another builder's gain. Now that the boom in new-home construction has abated, commercial builders say they're looking forward to stabilizing costs for materials such as concrete and fill dirt. That's welcome news as commercial construction keeps booming in Southwest Florida.. According to a survey by Robert Half International Inc., 75% of executives say their firms are taking some action to reduce their employees' exposure to added gas costs. La Belle-based agriculture company Alico Inc. owes the Internal Revenue Service between $39.4 million and $82.3 million in taxes and penalties, according to a recent securities filing by the company.The Florida Venture Forum is looking for growing private companies interested in presenting at the 16th annual Florida Venture Capital Conference Feb. 6-7 in Boca Raton.The Gulf Coast is well represented in Inc.'s just-released 2006 list of the 500 fastest growing companies.While many donations to victims of Hurricane Katrina came in the form of much needed money and shelter, a Saras

  • News
    By
  • Business Observer Staff
  • August 25, 2006
Real Estate Briefs

Meridian preparing office condos next to former Winn-Dixie distribution centerLocal Investor Buy Two Siesta PropertiesLutz Real Estate Investment buys Central Station buildingYacht Clubs of the Americas LLC buys Tampa Bayside MarinaKawama Development Group invests in Belcher officeKimco Realty buys strip centersNaples investors buy Bougainvillea, vacant landOmega Healthcare Investors buys elder housings centersSchottenstein Stores buys three local Albertson's spaces

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • August 18, 2006
Commercial Real Estate

Coral Gables company buys Cypress Place ApartmentsJMC buys additional piece for OvationING Management acquires Campus Club ApartmentsNaples Center for Dermatology buys new Fort Myers locationFirst Priority buys at Toledo, PeachlandJHM Hotels buys Sanibel propertyObstetrics, Gynecology practice buys Prudential Cascade headquartersBruce Williams starting sales in Lexington PreserveEar Research buys property from Floyd Street Properties

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • August 18, 2006
Coffee Talk

CFO politics just plain politicalDoes buy back equal more value?Get & Go Express: convenience stores of the future?SunCoast is SunCoast no moreWCI Communities: No improvement soonDeveloper want to spin Wicker into goldSpeakers added to Technology ConferenceAffordable housing still not affordable Downtown banished from Fort Myers lexiconA One-Man Partnership

  • News
    By
  • Business Observer Staff
  • August 11, 2006
Coffee Talk

Hurricanes a boon for Superior MoldOne to One gets bigger and biggerA tale of roads and the rails Veteran banker forms another Lee County bankIndustry Expo seeks few good manufacturersBabcock Ranch could model homes in 2009Gulf Coast dominates insurance committeeSarasota's Saunders in Kelly's DublinTampa real estate meeting boasts CuomoEdgy moms become entrepreneurs Commercial builders still seeking more help

  • News
    By
  • Business Observer Staff
  • August 11, 2006
Commercial Real Estate

N.Y., Chicago firms buy Club NaplesBonita Beach Road Facility AcquiredAmSouth Bank buys at Summerlin, Boy ScoutAIMCO pays $118,000 per unit for BaLayeOhio Group plans Laurel centerHoneywell International buys contaminated propertySMH acquires physician office buildingManatee Urology Moving to DowntownNew diagnostic center buys 1250 Tamiami

  • Charlotte–Lee–Collier
    By
  • Business Observer Staff
  • August 4, 2006
Real Estate Briefs

Developer plans Longboat townhomesMarriott Vacation Club completes Radisson purchaseBarfield Bay Holdings buys Carlyle, Central ParkAnd other large real estate transactions.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • August 4, 2006
Coffee Talk

D'Alessandro deal may spell new opportunitiesMorgan Stanley still raising money for Babcock RanchFounder of SKY Sotheby's to depart?Ideal time to pick up speedAir conditioning business keeps on humming Pasco invites you to the 'Land of Opportunity'Group takes startup capital to the bank Bank bug takes a bite out of Charlotte County Condo project finds an elusive gem: BuyersNew Radiation Therapy COO quits after five monthsFast Lane Clothing Co. profiled in this week's Review is a finalist for the Tampa Chamber of Commerce's 2006 Small Business of the Year award.HSN's huggable hanger sells 100 million unitsChico's is 'heard on the street'The CEO of Pinellas County-based startup ForeclosuresDaily.com will serve hamburgers Aug. 12 to the firm's customers.Business investment grows, sales tax figures show

  • News
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