Monthly Archives: December 2012

Cities with the Highest Rent Spikes in 2012 via Fortune

Cities with the Highest Rent Spikes in 2012

Apartment & Investment Specialist -- Sean Dreznin at NAI Manasota

Apartment & Investment Specialist — Sean Dreznin at NAI Manasota


Fortune By NIN-HAI TSENG | Fortune


Top 5 include;

Houston, TX
Oakland, CA
Philadelphia, PA
Miami, FL
Denver, CO

For complete article, CLICK HERE <—–========

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Happy Holidays from the crew at Suncoast Investment Real Estate!

Happy Holidays from the crew at Suncoast Investment Real Estate!

Christmas in Florida picture by Astrid and Rene Photograpy

Christmas in Florida picture by Astrid and Rene Photograpy

Happy Holidays from the Dreznin's!

Happy Holidays from the Dreznin’s!

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Benderson Development Co. LLC acquired two large Sarasota County retail centers for $5.6 million.

Benderson Development Co. LLC acquired two large Sarasota County retail centers for $5.6 million.

By: Sean Roth | Real Estate Editor

Benderson Pelican Bay Plaza photo.  Article and picture provided by Sean Dreznin, NAI Manasota, via Gulf Coast Business Review.

Benderson Pelican Bay Plaza photo. Article and picture provided by Sean Dreznin, NAI Manasota, via Gulf Coast Business Review.

Benderson Development Co. LLC acquired two large Sarasota County retail centers from Ramco-Gershenson Properties Trust for $5.6 million. The University Park-based retail giant purchased the 105,873-square-foot Pelican Plaza on South Tamiami Trail for $4 million and the 83,890-square-foot Southbay Shopping Center in Osprey for $1.6 million.

The price equated to $30 per square foot.

Both of the centers had significant vacancies.

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Neal Communities buys DooleyMack building

Neal Communities buys DooleyMack building

By: Sean Roth | Real Estate Editor

New home of Neal Communities - Neal Communities, pat neal, lakewood ranch, sean dreznin, dreznin, NAI, commercial real estate, dooley mack, original picture via CoStar

New home of Neal Communities – Neal Communities, pat neal, lakewood ranch, sean dreznin, dreznin, NAI, commercial real estate, dooley mack, original picture via CoStar

A Neal Communities Inc. affiliate purchased the 25,080-square-foot DooleyMack Constructors headquarters building for $2.48 million. The price equated to $99 per square foot.

The 8-year-old building occupies a 2.34-acre parcel in Lakewood Ranch Corporate Park.

The homebuilder, which currently occupies 8,600 square feet at 8210 Lakewood Ranch Blvd., plans to relocate to a larger portion in the building. Leisa Weintraub, a spokeswoman for Neal Communities, says the new building was needed because of the homebuilder’s growth in both sales and employees. In the past nine months, the firm’s staff has increased from 83 to 93. Neal Communities is scheduled to move in the first quarter.

“The new building makes sense because it is close to our current home so our employees won’t have to relocate,” says President Pat Neal. “It’s also in the center of the universe, Lakewood Ranch.”

For complete article, CLICK HERE <——–========

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Bank of America preps move, Benderson marketing Ellis space

Bank of America preps move, Benderson marketing Ellis space

By: Roger Drouin

Benderson!

Benderson!

Bank of America is preparing to move from the first floor of a 13-story tower at Main Street and Orange Avenue in downtown Sarasota to a smaller stand-alone branch on Fruitville Road.

The big bank’s shift a few blocks east could bring big changes to Main Street—including the possibility of more retail. In March, the bank’s downtown branch will move from the ground floor of the Ellis Building, one of downtown’s most prominent towers, freeing up more than 27,000 square feet of commercial space.

The bank will move into a 5,000-square-foot building under construction at the southeast corner of Fruitville Road and U.S. 301. Bank of America will also relocate one of its branches now situated at the corner of U.S. 301 and 13th Street to the new building at 1990 Fruitville Road.

“Both of the banks were less than one mile away
,” says Bank of America spokesperson Diane Wagner. “So that’s why they were consolidated.”

The move opens nearly one block of mid-Main Street commercial space to potential tenants.

Larry Fineberg, with Benderson Development Co., which owns the Ellis Building, says Benderson has been in contact with several potential tenants interested in the vacant space.

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Whitney Beach Plaza on Longboat Key, is having renovations begin…

Whitney Beach Plaza renovations begin
By: Kurt Schultheis | Longboat Observer

Renovations at Whitney Beach Plaza on Longboat Key have finally begun.

Renovations at Whitney Beach Plaza on Longboat Key have finally begun.

December 21, 2012

Construction on a new roof for Whitney Beach Plaza on Longboat Key has begun.

Rich Juliani, principal of the Boston-based JKI Investment Capital LLC, has promised a $2 million renovation and overhaul of the entire interior and exterior of the plaza.

Town Building Official Wayne Thorne says the roof permit has been approved and he is in discussions with Juliani and other partners for additional permits for renovations at the plaza.

For complete article, click here <——-=======

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36 Hours in Sarasota, Fla. via The New York Times

36 Hours in Sarasota, Fla. via The New York Times

SRQ bay sunset pic by Paul Martinelli

SRQ bay sunset pic by Paul Martinelli

WHERE else can one spend the morning reveling in the beauty of works by Peter Paul Rubens, Frans Hals and Botticelli and the afternoon lolling on a powdery white sand beach? That is the lure of Sarasota, the city perched on the Gulf of Mexico where John and Mable Ringling, the circus impresario and his wife, set the stage for a vibrant cultural life after buying land there in 1911. Not only did John Ringling create the old-master-filled John and Mable Ringling Museum of Art, but he brought the Ringling Brothers and Barnum & Bailey Circus to winter in Sarasota.

His elephants even hauled timber for the John Ringling Causeway, which links the mainland to Lido Key. Nature, which initially attracted the Ringlings and other wealthy Midwesterners, provides its own set of pleasures beyond the beaches: whether it’s fishing, watching manatees and sea turtles or strolling past orchids and mangroves in an expansive botanical garden. For more civilized diversions, there is a plethora of restaurants and shops, and even an opera and orchestra.

For the full article, CLICK HERE <——–=============

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