Apartments, office condos sold in Sarasota

August 11, 2012 

Apartments, office condos sold recently

SARASOTA -- The 23-unit Parkside East Apartments, 785 N. Osprey Ave. and a 12-unit Laurel Street Apartments have been sold by Sperry Van Ness Commercial Advisory Group.

Four Futures, LLC purchased the Parkside complex from Pearl Partners, LLC for $1,050,000. Gail Bowden was the agent handling the sale.

Jimmie Howard sold the Laurel Street property to Laurel Apartments, LLC for $770,000. Bowden and Maurice Connaughton with Prime Properties facilitated the transaction.

In another transaction, Eagle FL 1 SPE, LLC sold a group of office condominiums at 1491-1497 Venice Avenue in Venice to Twin Tower Trading Realty, LLC for $1,100,000. Matt Stepan with Premier Commercial represented the seller while Brian Snyder with Signature Sothebys and Mike Migone, with Sperry Van Ness Commercial Advisory Group represented the buyer.

Taylor Morrison starts construction on 30 homes

MANATEE -- Taylor Morrison has started construction on nearly 30 showcase homes.

Home sizes will range from 1,800 square feet to more than 3,000.

The homes will be located in the Oak Creek, Channing Park, Avelar Creek, Verona Reserve, Lucaya, and Tortuga communities and will be available for closing by Sept. 30.

For more information, call 866-495-6006 or visit taylormorrison.com.

Take Care Home Health receives new survey

MANATEE -- Take Care Private Duty Home Health Care has had a successful survey by the Agency for Health Care Administration, the company reported.

The survey shows the firm is in compliance with the licensure requirements of a home health agency in the state of Florida.

CEO salvages JC Penney 2Q earnings disaster

NEW YORK -- J.C. Penney Co. CEO Ron Johnson hasn't run out of magic yet, as far as Wall Street is concerned.

The former Apple executive's soothing words drove the chain's stock higher even after the company offered up grisly details Friday of a terrible second quarter.

The midpriced department store chain reported a bigger-than-expected loss and plummeting sales. Shoppers are still not buying into a bold new pricing strategy. Penney even withdrew its full-year profit guidance.

U.S. budget deficit totals $974 billion through July

WASHINGTON -- The U.S. federal budget deficit increased $70 billion in July and is on track to top $1 trillion for the fourth straight year.

The deficit for the first 10 months of the 2012 budget year, which ends Sept. 30, totaled $974 billion, the Treasury Department said Friday. That's 11.5 percent less than the $1.1 trillion gap in the same period last year.

-- Herald staff, wire reports

A slightly better economy has boosted income tax receipts, which have increased 6 percent so far this year. Corporate income tax receipts rose nearly 30 percent compared to a year ago. Spending has dipped 0.3 percent.

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