Coral Rock Development Corp. and Arena Capital Holdings, both based in Miami, acquired Prospect Towers in downtown Clearwater for $13.5 million. The senior living high-rise has 208 independent living units and sits on 2.3 acres. Coral Rock and Arena Capital plan to renovate the property, including the interior. Innovation Senior Management will manage operations of
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Stahl & Associates Insurance has reached an agreement to acquire Orlando-based Morse Insurance Agency. The addition of Morse Insurance Agency will expand Stahl & Associates’ footprint in Florida, a statement said. Terms of the deal were not disclosed. The acquisition closed on December 1. “The insurance industry is changing and consolidating at a rapid pace.
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