Business Observer
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.
Parent company's economic distress doomed 120-year Badcock …
Aug 22, 2024 · Bottom line. Key takeaway: When Conn’s Inc. purchased W.S. Badcock in December, it envisioned a company with $1.85 billion in retail sales across the southern U.S. Core challenge: Despite the purchase, debt, a slowdown in sales and a lack of liquidity continued to plague the Houston retailer. What’s next: The company, which includes Badcock, is in the process of liquidating its stores and ...
Family of banks unite under one name after 94 years
Sep 19, 2023 · Bottom Line. Key takeaway: A banking industry shift toward technology has led a family-owned bank to unite its portfolio of four brands under the same name. Core challenge: Unveiling new signage across all 19 branches in a consistent way. What's next: Merging all banks under one brand will allow the team more time to figure out where and how to grow. ...
As Sarasota dog track begins demolition, redevelopment remains ...
Feb 17, 2024 · The sale occurred after the the Collins family canceled a contract early last year to sell the site to North Carolina-based Aventon Holdings.Aventon's plans to build a multi-family community there was mired in a protracted lawsuit against the city of Sarasota brought by the Sarasota-Manatee Airport Authority.
Report: Florida manufacturing is booming, rivals tourism
Apr 15, 2024 · Manufacturing is booming in Florida and rivals tourism and agriculture in the contributions it makes to the Sunshine State’s economy. That is one of several major findings from the 2023 Florida Manufacturing report recently released by FloridaCommerce and FloridaMakes, a public-private advocacy program for the industry.
With the future secured, Rays make plans, prepare to break ground
Aug 9, 2024 · The deal. The final piece of the puzzle to make the new stadium a reality came July 31 when the Pinellas County Commission agreed to dedicate $312.5 million in bed tax revenue to the construction of the new ballpark.. Along with the county, the city of St. Petersburg is contributing $287.5 million and the team will pay $700 million.
Florida - Business Observer
Dec 8, 2024 · Buyer found for 6,000-acre Collier farm listed at $59 million. In the week's top commercial real estate news, Sarasota office building sells, apartment buyer gets $52 million loan for Tampa apartments and $39 million in grants for affordable housing in Lee County.
Despite owner's intentions, some worry Manatee farm will be …
Dec 11, 2023 · Bottom line. Key takeaway: The owner of Dakin Dairy Farm, Jerry Dakin, has put the 350-acre property up for sale, causing many in the community to worry that the new owner could flatten the farm and build homes. Core challenge: The dairy farm business, and agriculture in general, faces many obstacles, from competition to regulations to high costs. ...
Look inside Tropicana plant reveals manufacturing operation with ...
Mar 22, 2019 · Look inside Tropicana plant reveals manufacturing operation with precise processes, staggering numbers Tropicana's plant in Bradenton processes about 4 billion oranges annually.
One of the region’s largest community banks sold in $295M deal
Jun 4, 2021 · NAPLES — One of the largest community banks in the region, Naples-based First Florida Integrity Bank, has been sold. Dallas-based First Foundation Inc., a publicly traded financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, acquired TGR Financial Inc.,