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March 2010
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Southwest Florida business briefs: March 8, 2010

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Southwest Florida business briefs: March 8, 2010

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Southwest Florida business events March 8-14, 2010

A comprehensive listing of meetings, presentations and lectures scheduled for this [...]

Southwest Florida business events March 8-14, 2010

A comprehensive listing of meetings, presentations and lectures scheduled for this [...]

Contractor bidding for airport project warned after contacting other contractor

One contractor attempted to collaborate with another as they bid for work at Southwest Florida International Airport — a move that is against airport policy and was in danger of being considered collusion. E-mails showed New York-based GAZ Realty’s president asked Airport Management Group, the only other bidding company, to work jointly on the [...]

About 150 residents show up at meeting, support Bonita Springs buying golf course

Bonita Springs City Hall overflowed Wednesday night with more than 150 residents who want the city to buy Bonita Springs Golf and Country Club golf course. Grant Lundberg, a resident of The Greens, said more than 800 residents have signed a petition supporting the move.
The asking price is $9 [...]

Southwest Florida business briefs: March 1, 2010

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Feds investigate Naples man in money laundering probe tied to online gambling

Bank employees began getting suspicious when they saw many large checks issued by a Naples man’s company, according to an ongoing federal investigation. When questioned, customers cashing them explained the MCM Capital Management checks were payments from Internet Poker gambling [...]

VIDEO/PHOTOS: The write way: $125 and best essay can win townhome

An ad in the classifieds of the Naples Daily News on Sundays starts out this way: “Win My Townhome.” No, it’s not a scam. How does the contest work? With a $125 check and an essay of 500 words or less, the winner can get the home free and clear, without a monthly mortgage payment. [...]

Bonita Springs, Estero leaders urged to work together on job growth

Bonita Springs and Estero should work together to draw jobs to the region, a Bonita Springs Area Chamber of Commerce executive told officials from both communities at a joint meeting [...]

Market Watch 2010: Real estate industry facing low prices, increased sales

That is bad news for Bonita Springs and Estero, an area with a high inventory of recently built housing above the median price. Although inventory decreased by 19 percent in 2009, the area still has 17 months of inventory on the [...]

Chico’s enjoys strong quarter, off to solid start in 2010, company officials say

Chico’s FAS benefited from strong demand in its fourth quarter and is off to a solid 2010, company officials said Wednesday. The Fort Myers-based women’s clothier, which also operates White House/Black Market and Soma Intimates, reported that net sales increased 16.7 percent to $435.7 million for the fourth quarter ended Jan. 30. For the full year, net sales rose from $1.58 billion to $1.71 billion. [...]

Foreclosure filed against Naples Bay Resort

Naples Bay Resort is facing foreclosure. Regions Bank, headquartered in Alabama, has filed to foreclose on a $36 million mortgage for the 20-acre resort development near Tin City in downtown [...]

Fiddler’s Creek files Chapter 11 bankruptcy protection

The financially troubled developer of Fiddler’s Creek has filed for Chapter 11 bankruptcy, hoping to reorganize with the help of a new $25 million loan. On Tuesday, Fiddler’s Creek LLC and its affiliates filed for bankruptcy protection in U.S. District Court in Fort Myers. They have $160 million in mortgage debt. On top of that they are obligated to pay $66 million to bondholders in two community development districts, which are generally set up by developers to finance roads, utilities and other community [...]

M&I Bank wins nearly $17 million judgment against Orion Bancorp

M&I Bank has won a $16.9 million judgment against Orion Bancorp Inc., headquartered in Naples. Orion Bancorp was the parent of Orion Bank, a failed local bank shuttered by regulators in November. In late December, M&I sued Orion Bancorp. in U.S. District Court in the Eastern District of Wisconsin, seeking to obtain a judgment for business loans that weren’t paid [...]

Lee real estate company will become home builder

A Lee County real estate company that’s been buying up foreclosed homes and rebuilding them is ready to take another baby step forward. Sandbill will build starter homes for those who already own their [...]

No Stopping Gertie: 88-year-old Estero lady makes her mark at Wendy’s

At 88 years old, Goldbach still walks on her own two feet, keeps a genial smile on her face and can merrily chatter with folks like a teenage girl.
Goldbach, who despite her youthfulness refers to herself as “the Old Broad,” gives the bulk of the credit for good health to the Wendy’s fast-food chain. No, it’s not the burgers, fries or spicy chicken sandwiches giving Goldbach that pep her in her step — she claims that being a 12 year employee of the restaurant has kept her healthy and socially [...]

IT’S YOUR BUSINESS: Business news releases Monday, Feb. 15, 2010

Sometimes it’s not what you know, but who you know. When it comes to buying and selling real estate, that saying may hold more truth than ever.
But now buyers and sellers in the Naples are can get some help meeting one another. The Strand Country Club will be the site of Buyer Meets Seller Real Estate Convention on Sunday, March 14, and Sunday, March 28, from 11 a.m. to 4 p.m. The Convention will take place in the Strand’s Club House, 5840 Strand Blvd., Naples (at Immokalee Road and Interstate 75). [...]

North Naples shopping center sold for $11 million

A North Naples shopping center has been sold for $11 million to a Baltimore-based partnership that owns projects throughout Florida. CR South, a partnership between Continental Realty Corp. and Forman Capital LLC, today announced the acquisition of Marquesa Plaza, a 115,000-square-foot retail center at the intersection of Livingston Road and Pine Ridge [...]

Florida gas prices drop another 3.8 cents per gallon within last week

Average retail gasoline prices in Florida have fallen 3.8 cents per gallon in the past week, averaging $2.62 per gallon [...]