Archive for month: July, 2015

The founders of It Works! have acquired Little Bokeelia Island for a steep discount to the list price.

Mark and Cindy Pentecost closed on the island on Wednesday morning for $14.5 million. The property, off the coast of Lee County between Sarasota and Naples, includes 104 acres, a 1920s-Spanish-style estate home with attached guest wing, as well as a cluster of several old Florida cottages that have been restored.

The island had been listed for sale for years, starting with an original asking price… …read more

A World of Beer executive and his wife have sold off their waterfront mansion in the Westshore neighborhood of Culbreath Isles.

Ben Novello and his wife, Elizabeth, sold the 6,816-square-foot home to Stephen and Jane Langley for $3.3 million in a deal that closed Friday, according to a Hillsborough County deed filed Monday. The sales price breaks down to $484 per square foot.

The Langleys secured a $2.64 million mortgage from First Equity Mortgage Bankers Inc., based in South Florida.

The Novellos… …read more

A St. Petersburg insurance agency whose leaders have helped shape recent legislation has joined Regions Insurance.

The Ronald F. Holehouse Agency, headed by Ron Holehouse and Jake Holehouse and with 11 employees, is now the second Florida office for Regions Insurance, an affiliate of Regions Bank.

Regions has an agreement to obtain the firm’s personnel and accounts, a spokesman said. Financial terms were not disclosed. The transaction was similar to the one Regions Insurance employed when it… …read more

It will be years before Tampa Bay Lightning owner Jeff Vinik’s billion-dollar vision for the urban core comes to fruition, but smaller deals are already starting to pop.

In late June, The Patel Group purchased two old warehouses on North 12th Street, across the street from Bell Channelside. The group is talking to distilleries and breweries about taking space in the larger warehouse and is considering turning the smaller one into an office space.

District Tavern has signed a lease for a 2,850-square-foot… …read more

St. Petersburg City Council members have authorized an agreement that will put the construction of the city’s new pier into motion.

At a meeting on Thursday, council members approved $5.2 million to be spent on finalizing the Pier Park design, demolition of the existing pier and contracting services, according to a statement from Mayor Rick Kriseman’s office.

The design phase is expected to take five months, and will include collecting feedback from residents, the statement said.

Rogers Partners… …read more