Business Observer 9.25.20

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SEPTEMBER 25 - OCTOBER 1, 2020 | THREE DOLL ARS

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

Real estate | Developer maneuvers to make movies safe — and profitable. PG.7 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

AIR

CARE

In an all-out battle to land more passengers, airports ramp up efforts to beat back COVID-19. SEE PAGE 14

Rick Piccolo | SARASOTA-BRADENTON INTERNATIONAL AIRPORT, PRESIDENT AND CEO

GROWTH

COMMERCIAL REAL ESTATE

COMMERCIAL REAL ESTATE

On the Road

Tennis, Anyone?

Play Ball

Despite people driving less, RNR Tire Express reports explosive growth in sales — and more franchises. PAGE 3

A pair of Canadian developers, so far refusing to quit, has set out to redevelop the Sarasota Bath & Racquet Club. PAGE 8

Executive in charge of a new sports complex seeks to tackle COVID-19 issues while focused on long-term goals. PAGE 12

DATA SNAPSHOT

COMMERCIAL REAL ESTATE

COMMERCIAL REAL ESTATE

Empty Rooms

Jump Around

House Money

Six months in, pandemic keeps pressuring the hotel industry, even as one market in the region shows promise. PAGE 6

Industrial projects in the Lakeland area, including facilities built on spec, continue to flourish. PAGE 16

Tampa firm obtains $63M loan on multifamily project. 16 Indiana firm buys Lakeland facility for $15.1 million. 17 Cowork firm confident demand will return. 18

PAGE

3 Judge rejects bankrupt firm’s $5.4 million bonus plan. A MUST- HAVE

341971-1

DON’T MISS

Bonita Springs, with projects downtown and east of Interstate 75, keeps on growing despite the pandemic. PAGE 10

REAL ESTATE

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