Louis Llovio

1 week ago | businessobserverfl.com | Louis Llovio

Wisconsin-based Ashley Furniture Industries has bought a 705,000-square-foot industrial facility in Lakeland as the building’s previous owner plans to expand the park its located in. The cross-dock facility — known as LCP 200 — is part of Lakeland Central Park which is being developed by the Orlando real estate investment firm Parkway. Parkway announced the sale in statement Wednesday afternoon, but a spokesperson declined to name the buyer or the sale price.

1 week ago | businessobserverfl.com | Louis Llovio

A new report has found investors are backing away from putting money into condominiums nationally, with Florida’s well documented trouble dragging the entire market down. Research firm Redfin found that investments in condos declined 3% year-over-year in the first quarter to the lowest levels since the onset of the pandemic. Redfin says the slowdown is due to buyer concern that condos will lose value.

1 week ago | businessobserverfl.com | Louis Llovio

New Pass Dock & Seawall, a Sarasota marine construction company, has bought a mixed-used space in the city that it will use as a design center and production facility. The property is at 4139 N. Washington Blvd. and sits on 0.83 acres. New Pass paid $2.56 million for the property. It was previously owned by SignZoo, which property records show paid $310,000 for it in 2004.

1 week ago | businessobserverfl.com | Louis Llovio

Eisenhower Property Group, the developer behind a Pasco County master planned community, is building a $27 million social club that will be open to residents. The club will be built in the 6,000-acre Two Rivers development under construction in mostly southeast Pasco County with a portion — 2,000 acres — in neighboring Hillsborough County. It will be south of State Road 56 on the Pasco side of Two Rivers near the corner of Two Rivers Boulevard and Colston Avenue.

1 week ago | businessobserverfl.com | Louis Llovio

A Clearwater Beach investment property is on the market in what a broker calls, in all capitals, a fire sale. The property is a six-unit multifamily apartment building at 185 Brightwater Drive. It is on Clearwater Bay facing the Intercoastal Waterway, about six blocks from the beach. According to a marketing email from Doug Thaler with Tampa-based Cambridge Capital Partners, the property suffered hurricane damage on the first floor and there was no insurance.