Business Observer
@BizObserverFL
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The foremost news source for business leaders on the Gulf Coast.
From Tampa to Naples
Joined February 2010
A pair of New Jersey investors with a growing portfolio in the region bought a 52,000-square-foot last-mile logistics facility in Pinellas County for $7 million in an off-market transaction.
businessobserverfl.com
The 52,000-square-foot logistics facility is near U.S. Highway 19 in Pinellas County.
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Orlando-based Tavistock Development Co. is building a light industrial project in Lakewood Ranch spanning more than 93,000 square feet.
businessobserverfl.com
Tavistock's two buildings on Lakewood Ranch Boulevard will offer 93,022 square feet to area businesses.
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Intercoastal Medical Group, one of the largest medical group practices in the Sarasota-Manatee region, has made a change in leadership.
businessobserverfl.com
Intercoastal Medical Group co-founder Dr. John Steele steps down as president at age 83. He is succeeded by Dr. Mark Ramos.
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The Sleep Inn & Suites in Tampa has sold for $10.5 million, an increase of more than $3 million from when it last changed hands in 2021.
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The Sleep Inn & Suites in Tampa has sold.
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A community of energy-efficient residences in Manatee County is now accepting cryptocurrency from homebuyers.
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Pearl Homes, which developed Hunters Point, has partnered with a crypto-to-real-estate platform.
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A drag racing facility in Bradenton will host an event series this winter with the largest prize offering in the history of the sport.
businessobserverfl.com
The prize money for an event series this winter in Bradenton is reportedly the largest performance-based payout in drag racing history.
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An investor in industrial outdoor storage space has bought a 12-property portfolio that includes a Tampa site.
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The national real estate investment firm Alterra IOS bought a 12-property portfolio totaling more than 43 acres and 165,000 square feet of warehouse space.
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A Naples developer says it is planning an “exceptional residential experience” for a piece of property it bought in Tampa last week.
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Stock Development is planning a high-end residential project at $40 million downtown property it just bought.
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A Lakewood Ranch megachurch is in the midst of a $10 million expansion project.
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Grace Community Church bought a new building for its staff and is constructing an overflow parking lot and student center.
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A yacht and country club in Fort Myers has begun work on a $12.8 million expansion project.
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The Gulf Harbour Yacht & Country Club is less than five nautical miles from the Gulf.
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A national investment advisory company focused on high-net-worth clients has made a strategic investment in a Sarasota financial firm.
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Summit Financial of New Jersey has made a strategic investment in LPF Advisors of Sarasota.
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The University of South Florida’s Muma College of Business is launching a new school this fall.
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Demand for the management major drove the college to create its seventh school.
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A former Venice banker is facing 35 years in prison for embezzlement and making a false statement to a federal agency.
businessobserverfl.com
A former bank employee in Sarasota County who pleaded guilty in an embezzlement case faces up to 35 years in prison.
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The Sandalwood Beach Resort in Pinellas County has sold and will be redeveloped.
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The Sandalwood Beach Resort on North Redington Beach has sold and will be redeveloped.
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Ark Invest, a global investment firm led by prominent investor Cathie Wood, will move its headquarters to a new St. Petersburg tower when it opens.
businessobserverfl.com
The Cathie Wood-led tech investment behemoth is leasing 13,000 square feet in the new Halcyon office building to be built at The Central.
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After a year of renovations, a Publix in Bradenton has reopened with a larger footprint.
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Publix at Bayshore Gardens is back in business following a construction project.
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The Royal Beach Club property on Fort Myers Beach has been listed for sale. The asking price: $35 million.
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Marketing for the Royal Beach Club property is aimed at developers looking to build a luxury project.
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A drug and explosive detection product developer and manufacturer with a corporate headquarters in Tampa and lab and production facility in Sarasota has signed a distribution partnership with a company in the United Arab Emirates.
businessobserverfl.com
Trace Eye‑D says its mission is to ‘provide fast, reliable and user-friendly detection wipes for fentanyl, cocaine, methamphetamine and a full suite of explosive hazards.’
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The developers behind Water Street Tampa have taken the first official step toward putting up a new building in the neighborhood just outside the city’s downtown.
businessobserverfl.com
The developer behind the $6 billion development plans for 124-foot building with retail and nearly 700 parking spaces.
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A technology company headquartered in Lakewood Ranch has increased its revenue guidance for the year, in part due to a new $800 million acquisition.
businessobserverfl.com
Roper Technologies expects the deal with Subsplash to close by the end of July.
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