When the recession hit Florida, economists scrambled to give companies a heads-up on what the future would hold for business in the their area. Unfortunately, many businesses were hit hard and residents across the state watched Florida's economy begin to dwindle. But by just looking at recent commercial real estate purchases in Southwest Florida, readers of our blog may be able to see that our state's economy is rebounding in a healthy way.
Month-long contract dispute between CBS and Time Warner resolved
A month-long standoff between CBS and Time Warner has finally been resolved, which is good news for television viewers in a few major markets. The contract dispute between CBS and Time Warner centered around licensing fees, as CBS was seeking a higher fee for Time Warner to retransmit their content. But, there was also a digital component to the dispute, as each company had a different idea about how CBS' content would be handled online.
Baskin-Robbins offering franchising opportunities in Florida
The largest chain of ice cream shops and tasty treats has its sights set on Florida. Baskin-Robbins is planning to expand their ice cream specialty shops in Florida, and wants to have more than 20 new restaurants started in the next couple of years.
Chase Plaza's top floors sold after property tax woes
Commercial real estate in Orlando has had its ebbs and flows. Properties that are sometimes well-known in the area for having large property tax bills can sometimes turn around and become destination addresses again. One such property in our area is the Chase Plaza complex. A company called Solar Blue once resided on the top three floors of the south tower until it sold the property in 2006 for $6.5 million.