CBRE Capital Markets arranges $57.5 million in refinancing for Art Ovation, Marriott Autograph Collection

CBRE has secured $57.5 million in refinancing for the Art Ovation, Marriott Autograph Collection, in downtown Sarasota. Eric Fixler and Chandler Kaye, with CBRE Capital Markets, worked on behalf of the borrower to arrange a 10-year commercial mortgage-backed securities loan, with two years of interest-only payments, according to a statement. The hotel, located at 1255 … Read more

Morgan Automotive Group acquires Wilde dealerships in Sarasota

The Morgan Automotive Group, based in Tampa, has acquired Wilde Automotive Group’s Sarasota dealerships. The three dealerships will be renamed to be the all-new Lexus of Sarasota, Honda of Sarasota and Jaguar Land Rover Sarasota, according to a statement. “We have been doing business in the Sarasota market now for over a decade with our … Read more

Tampa Bay Wave to relocate to new office space

Tampa Bay Wave, a startup accelerator in Tampa, is moving its offices into a new downtown location, across the street from its current location. This new location will better accommodate the organization’s expanding programs and growing membership, according to a statement. The move is to accommodate the increased demand on Wave membership, and in-person programming … Read more

Medical Technology Associates announces an investment by PNC Riverarch Capital

Medical Technology Associates, a Pinellas Park-based provider of equipment, testing, maintenance and certification services for medical gas systems and clean rooms, has announced an investment by PNC Riverarch Capital, a middle-market equity firm, based in Pittsburgh, Pennsylvania. “We are excited to join forces with PNC Riverarch. We have spent years building the infrastructure to support … Read more

Compass Group Equity Partners acquires Florida Energy Water & Air

Close-up of two business professionals in suits shaking hands during a meeting.

LCG Capital Advisors has announced the strategic partnership between Florida Energy Water & Air, a fully integrated sales, installation and service contractor providing water treatment systems, water heaters, HVAC and related products, with Compass Group Equity Partners. Terms of the transaction were not disclosed. LCG served as the investment banker to FEWA in connection with … Read more

FlyUSA and Paradise Ventures scores highest on 5 out of 5 votes in proposal for Clearwater Airpark

FlyUSA and Paradise Ventures submitted a proposal to the city of Clearwater, on Thursday, for the city’s RFQ 38-22, a fixed-based operator management and real estate development project for Clearwater Airpark. “Our combined vision is to build a state-of-the-art terminal/FBO which will be the catalyst in bringing higher value activities and tenants to the airpark … Read more

The McGuckin Group acquires Key Associates, expanding its women’s leadership development program

The McGuckin Group, a talent design innovation firm in St. Petersburg, has acquired Tampa-based c-suite leadership development company, Key Associates. The combination of the two entities expands the reach of both companies’ leadership development programs to women around the world. As part of the acquisition, The McGuckin Group welcomes the Key Associates community into The … Read more

MarineMax announces $480 million acquisition of global entity

Clearwater-based MarineMax (NYSE: HZO), has entered into a definitive agreement to acquire Island Global Yachting, which owns and operates a collection of marina assets and a yacht management platform in global yachting destinations. MarineMax will acquire IGY Marinas for $480 million, in cash, with an additional potential earnout of up to $100 million two years … Read more

A day at the beach… with Morgan Clay, owner of the Cabana Club (PHOTOS)

By Brooke Palmer Kuhl The Cabana Club is a new, luxury service offered on the shores of the beautiful beaches of Pinellas County. Part concierge, part beach attaché, let the Cabana Club make your beach day an unforgettable one. With a myriad of options to choose from, your day can be tailored to you and … Read more

How a trip to Japan proved crucial to molding the business methods of Andrew Koenig, CEO of City Furniture

Andrew Koenig’s thirst for knowledge is palpable. While still in college, the CEO of the thriving, and ubiquitous, City Furniture, which is based in Fort Lauderdale and operates nearly two dozen Florida showrooms, traveled more than halfway across the world to learn about excellence in production from the best: Toyota. Hungry luxury companies (such as … Read more