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More News

    By
  • Adam Hughes
  • March 10, 2006
Coffee Talk

Chicos stock takes a hit: As every novice investor learns, past performance is no indication of future returns.Villares leaves GravityFree: GravityFree, Sarasota's oldest web-design company, is undergoing a leadership change.Ringling would like to thank the Academy: It could grow into a nice trend. For the second straight year, Sarasota's Ringling School of Art and Design grads were nominated for Academy Awards.Venice company in award spotlight, too: Speaking of awards, a Venice-based company took home the top prize for its industry at an awards show in Las Vegas last month.A tale of two 'WCI's: Sarasota upscale home builder and developer Westwater Construction Inc. is dropping the "CI" from its revised logo.Shareholder shakes up Source Interlink: California billionaire Ron Burkle appears frustrated with the go-nowhere stock of Bonita Springs-based Source Interlink.

  • News
    By
  • Adam Hughes
  • March 2, 2006
Real Estate Briefs

Tampa developer buys Mixon land for villageDevelopers purchase Siesta Key rentalsSBC Development buys land for Long Bar PointeGeorgia company buys Bay Harbor apartmentsThe Lutgert Cos. buys land in EsteroPalm Beach Garden builder buys land in North Fort Myers

  • Manatee-Sarasota
    By
  • Adam Hughes
  • March 2, 2006
Coffee Talk

Florida's job machine noticed: The Milken Institute, the California-based think tank founded by former junk-bond king Michael Milken, says the area stretching from Fort Myers to Naples is a jobs-creating machine.If only we'd invested in Chico's: Fort Myers-based women's retailer Chico's FAS has made a fortune for investors over the last 10 years.First National deal is pricey: The proposed $120 million sale of Bradenton-based First National Bancshares Inc. was one of the four highest-priced bank deals in the country last year.C&I space is scarce: Commercial and industrial property is getting tight in the Tampa Bay area, says Chris Sass, a real estate broker with Cushman & Wakefield Inc.Peach's new franchise face: When Michael Luciano, who has owned and operated Peach's restaurants for 21 years, said he was going to venture into franchising Feb. 27, Coffee Talk knew this change had to come from somewhere.One hand on your wallet: Like the sun coming up in the morning, it's only natural to read that the government is taking a bigger tax share.

  • News
    By
  • Adam Hughes
  • February 24, 2006
Coffee Talk

What bubble?: A bevy of economists, both local and nationwide, have been saying the residential real estate bubble might not be bursting, but it's at least deflating.Re-apply here: The St. Petersburg Area Chamber of Commerce wanted somebody to shake things up.Economy keeps on rolling: The top economist for Chicago-based Harris Private Bank brought her message to Longboat Key Feb. 21, and it was enough good news to make a pessimist smile: Nationwide unemployment under 5%, with Florida's at a 30-year low and Sarasota's at a near microscopic 3.3%.Orion Bank expands east, consolidates in Naples: After nearly a decade marching up the west coast of Florida from its roots in the Keys, Orion Bank is turning east.New player on the Gulf: Kolter Communities LLC obviously doesn't see the west coast of Florida as a one-trick pony.Commercial's turn?: The highpoint in well-known economist Hank Fishkind's presentation to the Manatee Chamber of Commerce Economic Development Council's State of the Economy Breakfast Feb. 21 was directed toward commercial developers and property owners.

  • News
    By
  • Adam Hughes
  • February 24, 2006
Real Estate Briefs

Equity One buys out partner in Venice centerO.E. Wheel Distributors closes on warehouseCaithness Construction acquires additional Venice landBaltic holdings buys Baltic ApartmentsNew York developer buys Fort Myers apartmentsMiami-based company buys two apartment complexesMiami Lakes-based developer plans homes in Lehigh Acres

  • Manatee-Sarasota
    By
  • Adam Hughes
  • February 20, 2006
Real Estate Briefs

Developer buys land for Enclave at Bay IslesHomes by Towne planning Buckeye developmentSarasota motel purchased, renamed Hibiscus Suites InnSarasota County buysland on Cattlemen RoadNaples developer buys land in south Lee CountyInvestors buy marinaon Caloosahatchee RiverMichigan developer buys land in Lee County

  • Manatee-Sarasota
    By
  • Adam Hughes
  • February 20, 2006
Coffee Talk

Better terms: Young companies starting to make money are having an easier time finding additional capital than they have in five years, says Tampa attorney David S. Felman.Florida Gulf Coast University simulates Wall Street: Business-school students at Florida Gulf Coast University in Fort Myers will learn what it feels like to work on the trading floor of a major brokerage firm.Grande unveiling: Does West Palm Beach-based Kolter Communities have the staying power to make a profit in the tough Sarasota $1 million-plus condo market? We're about to find out.Construction's contribution: If we thought construction was leading economic growth in the Gulf Coast, our area isn't alone.Poop Power: The solution to the United State's oil dependency may be coming from the University of Florida - via your neighborhood farm.

  • News
    By
  • Adam Hughes
  • February 10, 2006
Real Estate Briefs

Neal Communities buys Duke RanchEnterprise Associates buys Bradenton land for towersConnecticut company buys Main Street propertyLely Development buys RV ResortMorrison Homes buys lots in Fort MyersWestpoints plans homes in Naples

  • Tampa Bay-Lakeland
    By
  • Adam Hughes
  • February 10, 2006
Coffee Talk

Merger transformation: Industry slowdowns are often times to re-evaluate your business model and although the Gulf Coast real estate market is still moving fast, evidence of at least two companies revisiting their strategic is already emerging. There could be more.Don't worry, feel happy: A new survey by the International Profit Associates Small Business Research Board shows that small business owners and executive managers are starting to feeling positive about the outlook for 2006.Boyd Realty targeting Fortune 500?: Brenda Boyd May's new partner in her Manatee County real-estate company Boyd Realty has a decidedly corporate background.Colliers Arnold bulks up its Fort Myers office: The booming commercial real estate market in Fort Myers is not a secret anymore and Clearwater-based Colliers Arnold is doubling its staff there.Speaking of hot markets...: The figures coming out of Lee County Property Appraiser Ken Wilkinson's office show just how frenzied the real estate market was last year.Buying in, selling out: If your private company has a problem, it is unwise to leave early investors or later buyers in the dark.Private Capital Management's 'difficult' year: Bruce Sherman, chief executive officer of Naples-based Private Capital Management, isn't used to losing.But 2005 was not his money management's year to shine.

  • News
    By
  • Adam Hughes
  • February 3, 2006
Real Estate Briefs

Developers buy Nello's for condo projectFirst America Bank buys Realtors' buildingNorth Port developer consolidates holdingsNorth Fort Myers residents form co-op, buy villageMinnesota-based buyer buys lots in Bonita SpringsGrazing land sold in AlvaAffordable-housing foundation acquires apartment complexAtlanta developer to convert 400 St. Pete apartmentsMiami investors say they won't convert complex

  • Manatee-Sarasota
    By
  • Adam Hughes
  • February 3, 2006
Coffee Talk

Keep your eye the CPI: Here's a little trade secret that commercial real estate landlords shared with Coffee Talk recently: Watch the Consumer Price Index (CPI).January real estate bump: After three depressing months in residential real estate, at least one company is seeing an uptick from January.Boat slips are going condo: Owners of marinas that rent boat slips are converting to "condos," selling the slips in the same way developers resell apartments as residential condos.The results are in...: A group of business and political leaders in Hillsborough County has released the results of a recent poll taken to gauge support for putting a referendum on the November ballot that would create an elected county mayor.You never call me anymore: And that's not just your mother saying that. A new survey released by the Menlo Park, Calif.-based staff service company OfficeTeam shows a dramatic decline in the amount of time executives spend on the phone talking to colleagues.

  • News
    By
  • Adam Hughes
  • January 28, 2006
Real Estate Briefs

Winter Park-based Investors Buy Land for Lakewood Ranch Country Club EastHolmes Beach localbuys complexMenke buys more for North Port GatewayD.R. Horton Land in Lehigh AcresDeveloper plans condos in Fort MyersTrombleS Buys SunTrust Building

  • Manatee-Sarasota
    By
  • Adam Hughes
  • January 28, 2006
Coffee Talk

Bankers nervous about '06: Bankers are downcast about the American economy. A disappointing quarterly report from Bank of America renewed fears that 2006 is not going to be a great year for banks.Bank of America says sell Radiation Therapy Services: Is Radiation Therapy Services' stock price too rich? Bank of America analyst Gary Taylor thinks so.New Bradenton design rules?: After decades of markets and building codes determining development, Bradenton is taking steps to more aggressively shape future growth.Farmlands growing greenbacks: A new survey by the University of Florida shows that demand for land has pushed the value of agricultural land to new record levels statewide.A real estate tip from Hizzoner: If you own property along Martin Luther King Jr. Boulevard in Fort Myers, you might want to shelve any immediate plans to sell.

  • News
    By
  • Adam Hughes
  • January 20, 2006
Real Estate Briefs

Meridian, Hudson Realty Buying Winn-Dixie WarehouseGroup purchases apartment next to BroadwayNeal buys Palmetto Pines Golf CourseSarasota Investors Bank Lehigh Acres Land for BuilderMcGarvey plans commercial buildings in Fort MyersCENTEX HOMES BUYS LAND AT LELY RESORT

  • Manatee-Sarasota
    By
  • Adam Hughes
  • January 20, 2006
Coffee Talk

A Love bite for Valentine's: No sooner was the ink dry on our profile of Norman Love Confections in the Jan. 6 edition of the Review than the Fort Myers chocolatier won top honors from Consumer Reports in the magazine's February issue.Private Capital likes newspaper cash flow: Bruce Sherman, the I-don't-talk-to-the-press chief executive officer of Naples-based Private Capital Management, has shaken up the wobbling world of publicly traded newspaper companies.Making Sarasota a tech-town: Is Sarasota a technology community? Not yet, according to Barry Tuchfeld, founder of The BT Group in Sarasota, which consults for businesses in the areas of strategic thinking and planning for effective growth.No more Crews control: Charles G. Brown III is taking up with a new hometown bank, this time in his real hometown.Sosso family ties: The region's newest developer has a familiar last name. The investment group OSSO LLC, which purchased the 200-unit Avondale Estate Apartments in Bradenton and four homes for $15.4 million, is headed by Mark Sosso.Investor relations pays: David Dragics has a simple justification for his place on the payroll of CACI International Inc.

  • News
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