Business Observer 5.16.25

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MAY 16 - MAY 22, 2025 | THREE DOLL ARS

FLOR IDA’S NE WSPAPER FOR T HE C - SUI T E

Diversions | Executive beats cancer, turns to marathons for next challenge. PG.15 PASCO • H ILL SBOROUG H • PIN ELL AS • P OLK • M A N ATEE • SA R ASOTA • C H A R LOT TE • LEE • COLLIER

Secret Sauce

inside DATA SNAPSHOT

Open Door

New apartment unit permits are on the decline in multiple markets nationwide, but the opposite is true in two separate areas in Sarasota and Lee counties. PAGE 5

A high school job at Taco Bell has turned into a high-level restaurant career for a service-focused executive. Her latest gig? Running a $700 million brand. PAGE 10

RETAIL

First in Line

Maine-based retailer L.L. Bean, with a strong following in New England and the Northeast, is looking for in-store fans in Florida, starting in Sarasota. PAGE 6

COMMERCIAL REAL ESTATE

Eastward Bound

Keeping an eye on the surging population, Manatee County commissioners have approved a $23.5 million purchase of a Lakewood Ranch office building. PAGE 12

REAL ESTATE Bank sells two Manatee branches for $10M. 14 Pasco active lifestyle clothing brand sells HQ for $22.5M. 14

DON’T MISS:

How to influence employee behavior for the long-term.

KELIA BAZILE | President, Carrabba’s

PHOTO BY MARK WEMPLE

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