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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
Manatee County label manufacturing company acquired
3+ day, 6+ hour ago (269+ words) Business Observer Manatee County label manufacturing company acquired Nadco Tapes & Labels, a Manatee County-based manufacturer of custom tapes, labels and identification products, has been acquired. JBC Technologies, which specializes in precision die-cutting and is headquartered in North Ridgeville, Ohio, purchased…...
Work underway at Lee project that includes 600 apartments, 190-room hotel
3+ day, 9+ hour ago (165+ words) Construction is underway on the first phase of a new mixed-use development in Estero after the developers secured an $81.5 million construction loan. The unnamed development is at 23281 Lynden Drive, across from the Coconut Point mall. When complete, FRP Development Corp....
$197M construction loan secured for Naples condo
3+ day, 5+ 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…...
40 acres in north Manatee for possible???residential rezoning??? listed for sale
3+ day, 4+ hour ago (148+ words) A 40-acre parcel on State Road 62 in Parrish is up for sale. The property, according to the listing from Saunders Commercial in Lakeland, is carved out of an assemblage that excludes the Gamble Creek wetland corridor. “The acreage you're buying…...
Philadelphia investor pays $29M for Pasco County shopping center
5+ day, 1+ hour ago (204+ words) CenterSquare Investment Management, a suburban Philadelphia real estate firm, has bought the Pasco County shopping center the Hub at Bexley. The firm, according to a statement, bought the 50,300-square-foot Land O’ Lakes shopping center in part because it “fits our…...
Naples Hospice buys Fort Myers property for $3.3M, plans new facility
1+ week, 4+ day ago (244+ words) Avow Real Estate Inc., the real estate arm of Avow Hospice, has bought a 2.78-acre property in Fort Myers. LSI Companies brokered the sale of the parcel, at 14590 Hope Center Loop in the Hope Preserve development. Avow Real Estate paid…...
Medical office complex in Bradenton sells for $8.35M
1+ week, 4+ day ago (239+ words) Two buildings in Bradenton have sold for a combined $8.35 million, according to SVN Commercial Advisory Group, which brokered the deal. Situated on a 4.2-acre parcel, the properties are 4351 and 4401 Cortez Road W. The seller is Zinnia Center VI, a Lakewood Ranch-based…...
Fort Myers waterfront house listed for $13 million
1+ week, 5+ 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…...
Lakewood Ranch commercial property sells for $4.7M
2+ week, 2+ day ago (149+ words) The Mavis Tires & Brakes shop in Lakewood Ranch has sold for $4.77 million at a 5.15% cap rate. The shop at 15209 Garnet Trail just off of State Road 70 was bought by a New Jersey investor as part of 1031 Exchange. The seller is…...
324-unit downtown Sarasota apartment complex proposal wins key approval
2+ week, 4+ day ago (588+ words) A proposal to develop an entire block along Fruitville Road in downtown Sarasota where a current bungalow village of small businesses now stands took another step forward with two adjustments unanimously approved by the Sarasota Planning Board. At its Aug....