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Investment Property Florida News

USDA Rural Development Under Secretary Tonsager Announces Recipients of Rural Business Enterprise Grants Wednesday, September 1, 2010 @ 12:35PMPoarch Band of Creek Indians - $58,831 grant to establish a revolving loan fund to assist tribal members who own small and emerging businesses within Escambia, Monroe, Baldwin, and Mobile counties in Alabama and Escambia County in Florida. Project will create 14 jobs.
Carwin Advisors Acquires Wealth Manager to Expand on West Coast Wednesday, September 1, 2010 @ 9:37AMCarwin Advisors, a Dallas-based real estate advisory firm, announced Wednesday it bought The Arges Group, a real estate advisory firm based in Orange County, Calif.
First Acceptance Corporation Reports Operating Results for the Quarter and Fiscal Year Ended June 30, 2010 Tuesday, August 31, 2010 @ 3:15PMNASHVILLE, Tenn.----First Acceptance Corporation today reported its financial results for the quarter and fiscal year ended June 30, 2010. Three Months Ended June 30, Year Ended June 30, Summary Financial Results 2010 2009 2010 2009 Reported Revenues $ 55,970 $ 61,699 $ 223,173 $ 265,465 Income before income taxes $ 850 $ $ 7,481 $ Net income $ 736 $ $ 7,040 $ Net income per diluted share $ 0.02 ...
Big banks thrive while small banks struggle Tuesday, August 31, 2010 @ 2:39PMU.S. banks are making money again, although a split picture of the industry has emerged since the financial crisis. The largest banks are thriving, mostly because they can borrow on the cheap and have rid themselves of bad debt. Yet smaller banks lack those advantages and are failing at the fastest pace in years. Overall, banks made [...]
Renters Warehouse Named #983 on Inc. 5000, Run by Youthful CEO Brenton Hayden (25) Monday, August 30, 2010 @ 5:45PMRenters Warehouse, a real estate management company was named in the top 1000 fastest growing privately held companies in America according to Inc. magazine! Better yet, #15 as it pertains to real estate companies.
Judge approves restitution for Ponzi schemer Scott Rothstein's victims Monday, August 30, 2010 @ 2:34PMA federal judge Monday ordered convicted con man Scott Rothstein to repay $363 million to some 320 victims of his investment racket. But the vast majority will be lucky if they get back pennies or dimes for every dollar they invested with the one-time Fort Lauderdale lawyer, who sold $1.2 billion in fake legal settlements -- a Ponzi scheme that became South Florida's largest financial fraud.
Grubb & Ellis Up on Acquisitions Monday, August 30, 2010 @ 1:13PMReal estate investment trust Grubb & Ellis acquires apartment properties for $182 million.
Towers of Channelside Receives Fannie Mae Approval Monday, August 30, 2010 @ 12:19PMThe Towers of Channelside, a residential condominium community in downtown Tampa’s Channel District, has received Fannie Mae (FNMA) approval.
Grubb & Ellis Apartment REIT buys assets for $182M Monday, August 30, 2010 @ 10:59AM(AP:SANTA ANA, Calif.) Grubb & Ellis Apartment REIT Inc. said Monday it's buying nine apartment buildings from MR Holdings LLC affiliates and all assets of property manager Mission Residential Management LLC for $182 million.
Silverton being groomed into vineyard industry Sunday, August 29, 2010 @ 1:19PMMaybe Oregon's pinot noir pioneers had it right after all, that the rolling hillsides near Silverton - not Dundee - were best suited to cradle the state's wine industry.
Tax liens list shows locals owe $37.1M Sunday, August 29, 2010 @ 7:08AMA 1,482-page list of tax delinquents in the state totaling more than $200 million and released publicly this month for the first time includes a Chester County company that owes the fourth highest amount in all of Pennsylvania and a shuttered business run by a local township commissioner.
Big plans set for acreage across from Bay Pines VA hospital Saturday, August 28, 2010 @ 4:08AMBy Anne Lindberg, Times Staff Writer Friday, August 27, 2010 SEMINOLE — A South Florida developer has bought the former Bay Pines Mobile Home Park and plans a large-scale development on the site. Kitson & Partners of Palm Beach Gardens paid $7.65 million for the nearly 60 acres at 10005 Bay Pines Blvd. across from the Bay Pines VA Medical Center. The land was previously bought in May 2006 by ...
Real estate matters Friday, August 27, 2010 @ 10:11PMBy ILYCE GLINK Q: My son bought a Ft. Lauderdale condo a few years ago with 100 percent financing at 6 percent. He pays private mortgage insurance (PMI), so his effective interest rate on the loan is 7percent.
KATRINA: The storm's devastation, the faithful's determination Friday, August 27, 2010 @ 4:17PMNEW ORLEANS (BP)--Five years have passed since Hurricane Katrina hurtled its way across southeastern Louisiana and the rest of the central Gulf Coast.
CoStar's People of Note (Aug. 22-28) Friday, August 27, 2010 @ 10:12AMThis week's People of Note includes the following markets: Atlanta, Denver, Hartford, New York City, Northern New Jersey, Retail, South Florida and Washington, DC. ATLANTA Brown Joins Cortland as Chief Acquisitions Officer Cortland Partners recruited...
Plantation Development Completes $1.4M Debt Offering - cbl Friday, August 27, 2010 @ 6:57AMBy citybizlist Staff FORT MYERS, Fla. -- Plantation Development Ltd. has closed on $1.4 million in d...
Clouds on a sunny dream Friday, August 27, 2010 @ 6:16AMAs I write this, rain is falling and has been for about four days straight. Once-parched porch
REIT Defaults May Be All Right Friday, August 27, 2010 @ 5:58AMShopping-center landlords stop payments as they look for cheaper financing.
Business Briefs: Weatherization aid goes to 5 Va. agencies Thursday, August 26, 2010 @ 11:23PMFive Virginia agencies, including Richmond's ElderHomes Corp., will receive nearly $7.5 million in federal money under the Weatherization Assistance Program.
Kitson Buys Rare Vacant Florida Land Thursday, August 26, 2010 @ 8:41PMDeveloper picks up 60-acre ready-to-go parcel in the middle of Pinellas County.
HUD Awards $26 Million to Florida to Reduce Damages from Future Disasters Thursday, August 26, 2010 @ 11:03AMDisaster Recovery Enhancement Fund to support buyouts, relocations, home improvements
Health Discovery Corporation 2010 Shareholder Letter Thursday, August 26, 2010 @ 10:18AMSAVANNAH, Ga.-- Dear Fellow Shareholders:Since I wrote you this past November 2009, the global econo...
Health Discovery Corporation 2010 Shareholder Letter Thursday, August 26, 2010 @ 9:22AMSAVANNAH, Ga.--(BUSINESS WIRE)--Health Discovery Corporation Shareholder Letter
Health Discovery Corporation 2010 Shareholder Letter Thursday, August 26, 2010 @ 9:12AMSAVANNAH, Ga.----Dear Fellow Shareholders:
Omni Snares Bankrupt Amelia Island Resort on Florida Coast Thursday, August 26, 2010 @ 8:48AMOmni Hotels & Resorts plans to expand the Amelia Island Plantation by more than 100 rooms after prevailing in an auction this week to buy the bankrupt oceanfront resort in northeast Florida.
1 new condo has opened this year Thursday, August 26, 2010 @ 12:19AMOne. That's the number of new oceanfront residential condominiums that have opened for sale so far this year in Volusia and Flagler counties.
Beech-Nut plant exit wallops village taxes Wednesday, August 25, 2010 @ 11:22PMLoss of the Beech-Nut factory, the lifeblood of the village for more than a century, could mean an average homeowner will have to pay an additional $2,700 in water and sewer bills, and taxes, for years to come, according to an audit released Wednesday by state Comptroller Thomas DiNapoli. [...] the village has doubled its water and sewer rates to help close the gap, a move some fear could drive ...
Miami to Impose Union Contracts to Help Cut Deficit, Mayor Says Tuesday, August 24, 2010 @ 12:04PMMiami commissioners are likely to impose contracts on the city’s employee unions that will cut wages and pensions to ease a projected $96.5 million operating- budget gap next fiscal year, Mayor Tomas Regalado said.
Omni Hotels buys Amelia Island Plantation at auction Tuesday, August 24, 2010 @ 11:09AMAmelia Island Plantation, the well-known Northeast Florida resort, was sold at a bankruptcy auction this week and acquired by the parent company of Omni Hotels.
Amelia Island Plantation sold at auction Tuesday, August 24, 2010 @ 10:50AMThe company that owns Omni Hotels had the winning bid Monday for Amelia Island Plantation, the Florida resort north of Jacksonville that filed for bankruptcy protection in November.
Alimentation Couche-Tard Announces First Quarter of Fiscal 2011 Results Tuesday, August 24, 2010 @ 10:23AMRecord net earnings of $129.5 million, or $0.69 per share on a diluted
Omni Hotels Prevails at Auction for Amelia Island Plantation (FL) Tuesday, August 24, 2010 @ 8:49AMTAMPA, Fla. -- An auction was held Monday in U.S. Bankruptcy Court for the Middle District of Florida to decide the future owner of Amelia Island Plantation. After a spirited standing-room-only auction conducted by Judge Paul Glenn, TRT Holdings/Omni Hotels emerged as the successful bidder for the storied north Florida beach resort.
Melbourne in chase for 200 space jobs with average salaries of $65K Tuesday, August 24, 2010 @ 7:10AMCity representatives and the Economic Development Commission of Florida's Space Coast are considering at least one incentive for the company, identified as "Project Trident." That incentive -- state job-creation tax credits -- goes this morning before the Melbourne Economic Enhancement District advisory committee.
Bookstore gives way to bed store Tuesday, August 24, 2010 @ 2:08AMMitchell Books in Covington Plaza expects to close its doors today, while a bedding company looks to begin business in coming weeks at the 18,200-square-foot location.
Melbourne in chase for 200 space jobs Tuesday, August 24, 2010 @ 1:23AMMELBOURNE — Local leaders hope to convince an aerospace company to bring as many as 200 "highly desirable" jobs to Melbourne International Airport.
Cryo-Cell Announces Progress With Strategic Partner S-Evans Biosciences, Inc. Monday, August 23, 2010 @ 7:00AMHANGZHOU, China -- Cryo-Cell International, Inc. , one of the largest and most established leaders in stem cell innovation today announced that S-Evans Biosciences , the Company's exclusive Celle menstrual stem cell technology license partner in China has opened a new state-of-the-art laboratory operation and research & development facility located in a Hi-Tech park designated to become an ...
Silverton hills emerging as next focus for Oregon wine country Sunday, August 22, 2010 @ 11:49PMAt a time when recessionary pressures on the state's $1 billion wine industry are threatening to leave tons of grapes unpicked this year, Johnston is developing more than 550 acres of vineyards west of Silverton -- huge by Oregon's traditional mom-and-pop standards.
Naples' Rick Scott, candidate for Florida governor, speaks out against Jackson Lab deal at hometown meet up Sunday, August 22, 2010 @ 9:19PMRick Scott entered a Naples restaurant and pub filled predominantly with his supporters and took a stance against Jackson Labs. Previously the candidate was somewhat unclear about his views on the proposal, as well as Tri-Rail and U.S. Sugar deals in the works in other areas of the state.
08/22 - Real estate transfers Saturday, August 21, 2010 @ 10:47PM$2,250,000 Marc Rutenberg Homes Inc to Berchtold Nicholas G, Berchtold Patricia J, Lake Club, O.R. Book 02348 Page 3423, Aug. 9.
Differentiating your values and worth Saturday, August 21, 2010 @ 9:55PMRecognizing that 'we-are-what-we-spend' is a helpful first step for determining investment priorities.
City must fix up parking garage Saturday, August 21, 2010 @ 8:28AMSharon is looking for an engineer to design a renovation plan for the city’s downtown parking garage. City Manager Tom Lavorini said they’ve got $531,000 in grant funding to make improvements at the garage. And because the structure’s been mentioned in several grants city officials have secured in recent years, they’re contractually obligated to fix it up, he said.
Mysterious call, fruitless search Saturday, August 21, 2010 @ 8:28AMA 15-second call for help Friday morning prompted rescue teams from northern Mercer County to search Lake Wilhelm for more than four hours for two boaters, but authorities called the search off at about 1:45 p.m. after several sweeps of the lake turned up nothing. “We’ve fallen into the lake, we’re at Wilhelm,” the caller told a 911 dispatcher, according to Dennis Winger Jr., the supervisor ...
Kelly: Dahlkemper mailings nothing but political PR Saturday, August 21, 2010 @ 8:27AMU.S. Rep. Kathy Dahlkemper’s Republican challenger held a series of news conferences in the 3rd district Friday calling on the Democratic congresswoman to return money that was spent on mailings he called “nothing more than taxpayer funded campaign mail.” However, Mrs. Dahlkemper’s campaign refuted Mike Kelly’s charges as “bogus,” stating the mailers are a proper way to communicate with ...
I-Team 10 investigation: Delinquent taxes Friday, August 20, 2010 @ 10:38AMI-Team 10 has a closer look at a way City Hall is balancing the books. Over the past two years, it has sold thousands of delinquent tax liens...
Sunovia Files Answer, Affirmative Defenses and Counterclaims to EPIR Complaint Friday, August 20, 2010 @ 9:04AMSunoviaâ¢ Energy Technologies, Inc. , a clean-tech company specializing in solar technology and LED lighting, announced today that it has filed a response to EPIR's complaint, and has asserted, among other things, fraud, misappropriation of funds and non-performance.
Ellen Brown: Homeowners' Rebellion: Could 62 Million Homes Be Foreclosure-Proof? Thursday, August 19, 2010 @ 12:24PMWhile courts are not likely to let 62 million homeowners off scot-free, the defect in title created by MERS could give them significant new leverage at the bargaining table.
Flagler Closes 5-Year, Nearly 70,000 SF Lease Renewal with The Main Street America Group at Deerwood North Thursday, August 19, 2010 @ 10:00AMLong-term Lease Ensures Company’s Commitment to Jacksonville After Relocating in 2003
Ross Stores Reports Record Second Quarter 2010 Results With Earnings per Share Up 30%, Issues Third and Fourth Quarter ... Thursday, August 19, 2010 @ 7:30AMRoss Stores, Inc. today reported earnings per share for the 13 weeks ended July 31, 2010 of $1.07, up from $.82 for the 13 weeks ended August 1, 2009. Â These results reflect a 30% increase on top of a 52% gain in the second quarter of 2009. Â Net earnings for the second quarter of 2010 grew 25% to a record $129.3 million, from $103.4 million in the second quarter of 2009. Â Sales for the 13 ...
Real Money: Questioning the True Cost of Fed's 'Free Money' Policy Thursday, August 19, 2010 @ 7:27AMThomas M. Hoenig, president of the Federal Reserve Bank of Kansas City, continues his drumbeat to begin raising interest rates. Re-enforcing comments he made earlier this summer, Hoenig last week said it was time to begin tightening the fed's purse strings...
Kite Realty Group Trust Announces Major Indianapolis Redevelopment Thursday, August 19, 2010 @ 6:52AMKite Realty Group Trust (the "Company") announced recently the redevelopment plan for its Rivers Edge property in Indianapolis, Indiana. Rivers Edge, formerly anchored by Office Depot, is currently a 111,000 square foot shopping center located at the intersection of East 82nd Street and Dean Road