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The Business Observer is the leading provider and most authoritative source of business and economic information affecting the Florida Gulf Coast from Tampa Bay to Naples.
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News
$197M construction loan secured for Naples condo
2+ day, 15+ hour ago (207+ words) Business Observer $197M construction loan secured for Naples condo Two Florida developers have secured $197 million in financing for a high-end condominium on the Gulf in Naples. Kolter Urban and BH Group obtained the construction loan to support the development of Olana…...
Your organization doesn't need a workshop. It needs coaching infrastructure.
3+ day, 22+ hour ago (373+ words) Global employee engagement just hit its lowest point in years. Gallup's 2026 State of the Global Workplace report found that engagement fell to 20% last year — the first two-year decline since Gallup began tracking it, and put a number on the cost:…...
Fort Myers waterfront house listed for $13 million
1+ week, 4+ day ago (322+ words) A Fort Myers house on the Caloosahatchee River has been listed for sale. The asking price: $13 million. The 5,400-square-foot house on 0.54-acres is at 12798 Dennis Drive and, according to a search on Realtor.com, one of only three with a…...
Well-known Sarasota florist changes ownership
2+ week, 1+ day ago (396+ words) A well-known Sarasota florist has changed hands. Beneva Flowers was recently purchased by Family Flowers, a Pennsylvania-based florist, marking the third family of ownership in the Sarasota company’s 40-year history. Financial terms of the deal were not disclosed. David Shuel…...
Naples medical device giant builds apartments to meet employee growth
2+ week, 3+ day ago (691+ words) Key takeaway: Arthrex is building apartments as part of its corporate housing program. Core challenge: As the company continues to add employees, it looks to help people transition to the area. What’s next: The 41-unit community is expected to open…...
Bali-style home listed for $17.65M in Siesta Key
3+ week, 20+ hour ago (166+ words) A distinctive luxury estate on Siesta Key has hit the market at $17.65 million. The Balinese-style waterfront residence at 3799 Flamingo Ave. boasts more than 700 feet of waterfront on 1.4 acres on the north end of the key. Designed as a tropical Asian…...
Tennis legend Mike Bryan sells St. Pete Beach home for $2.35 million
3+ week, 1+ day ago (329+ words) The St. Pete Beach house belonging to Mike Bryan, who reached the top of the professional tennis ranks playing doubles with his twin brother, Bob, has sold. The house is at 151 Punta Vista Drive and sold for $2.35 million in all…...
Cape Coral senior community sold for $10.5 million
3+ week, 3+ day ago (179+ words) Atrium at Liberty Park, a senior housing community in Cape Coral, has been sold. The 130-unit assisted living and memory care facility is at 1321 NE 24th Ave. A sales price was not disclosed, but according to Lee County property records, New…...
Naples senior living community sells for $148 million
4+ week, 2+ day ago (199+ words) An independent and assisted living community in Naples has been sold for $148.75 million as part of a $455 million, five-property portfolio sale. The facility is the 350-unit The Carlisle Naples just off of Orange Blossom Drive and Airport-Pulling Road. According to…...
Long-vacant Fort Myers building sells for $2.25 million
1+ mon, 2+ day ago (233+ words) A Fort Myers medical office building vacant since 2023 has sold. The two-story building is the former home of Orthopedic Specialists of SW Florida and, says NAI Burns Scalo, was sold to EE Properties Global. The firm, which represented EE Properties…...