NAPLES, FL-The parent of Marine National Bank, a full-service institution specializing in commercial lending, takes the action to reduce regulatory costs and refocus as a private bank holding company. Naples is 102 miles west of Miami.
MIAMI-The New York-based real estate development company hires Edgar C. Jones Jr., a veteran South Florida real estate executive, to direct Florida operations from new digs in the exclusive Brickell Avenue district.
SARASOTA, FL-The plaintiffs seek certification of a class-action lawsuit against the locally based developer of wireless communications tower sites after learning the company is revising its financials. Sarasota is 180 miles northwest of Miami.
LA BELLE, FL-The publicly traded agribusiness firm divests non-essential assets in rural southwest Florida for $1,185 per acre or about three cents per sf. La Belle is 102 miles northwest of Miami and 48 miles north of Naples, FL.
BOCA RATON, FL-In a move to increase shareholder value, a group led by the New York-based securities broker-dealer proposes alternative courses of action for the management and operation of the locally based commercial real estate property company headquartered 42 miles north of Miami.
WEST PALM BEACH, FL-Tenet Healthcare Corp. expects to close by June 30 on a deal with locally based Intracoastal Health Systems, a nonprofit group that recently settled a dispute with the state attorney general over a proposed reorganization plan. West Palm Beach is 67 miles north of Miami.
MIAMI-A subsidiary of Four Starz Holdings expects to sign a contract this week on a vacant warehouse built in 1999 for $11 million on a 12.6-acre site just a few miles north of Downtown as part of its plan to build a film production empire.
MIAMI-National Residential Properties Inc. will build a 60-unit complex on exclusive Bay Harbor Island for about $8.5 million, then sell it immediately to Royal Investments & Realty Group. Bay Harbour Island is nine miles north of Downtown.
MIAMI-The locally based real estate development and management company merges Codina Realty Services ONCOR International and Codina Real Estate Management into a group headed by John B. Geisen.
FORT LAUDERDALE, FL-The Chicago-area real estate investment trust acquired at least seven multifamily properties last year primarily in Broward and Palm Beach--two counties that fit the company's targeted demographics. Fort Lauderdale is 26 miles north of Miami.