Category: Business

Is Benderson UTC up for Sale?

October 25, 2016 IS BENDERSON UTC UP FOR SALE AS PARTNER IS TOLD TO “TIGHTEN BELT OR SELL OUT” By Jon Susce THE WALL STREET JOURNAL has reported a prominent real estate investor, Jonathan Litt is calling on Taubman Centers Inc., which is a partner with Randy Benderson in the University Town Center (UTC),” to tighten its belt or explore selling itself.” TAUBMAN STOCK IS WORST IN BLOOMBERG INDEX The Taubman Company, owner of various high-end properties, has a market capitalization of $4.3 billion—or about $6 billion including the Taubman family’s ownership. Its shares are down 7% this year, and Taubman’s stock has fallen 7.2 percent this year, which is the

Posted in Breaking News, Business, News, Regional / Local Politics, State News

Vengroff purchase airport hotel, converts to housing homeless

Sarasota Florida Airport Hotel

Harvey Vengroff 12/2014 By Suzi Harkola Sarasota Phoenix Correspondent In just one more reason that Sarasotans can be grateful that Harvey Vengroff changed his mind about moving to Belize, he recently purchased the Airport Hotel, a 117-room run-down (by visitor comments) lodging facility at 4900 Tamiami Trail, with the goal of cleaning it up and converting the rooms to studio apartments with stoves and refrigerators to serve the needs of the area’s homeless families. Apart from providing affordable housing for Sarasotans, Vengroff is working with local charities, including Women’s Resources, Harvest House, the Salvation Army and the Jewish Family & Children’s Service of Suncoast Inc., to find renters who have

Posted in Business, Regional / Local News