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SEBRING — The due-diligence period on Harder Hall ends Monday, and city officials haven't heard anything to indicate the deal won't move forward. If all goes according to plan, Steve Israel, an investor from New York, will move into the next phase of the purchase. The city has a contract with Israel, who will purchase the hotel for $5.6 million. Assistant City Administrator Scott Noethlich said he has not heard anything that would suggest the buyer would not follow through with the contract. The previous purchaser, Sebring Hospitality Group, backed out of its contract Oct.4, the day before its due diligence was to end. Because the city had a back-up contract with Israel, he became the new buyer of the hotel. Nils Richter, a general contractor representing Israel, did not return phone calls seeking comment before press time. ...more
November 4, 2007
The last tenants at Georgetown Apartments were vacating the once-thriving community this week. ...more
November 3, 2007
Florida's housing funk already has battered the state's single-family home and condo markets. Now, signs are appearing that the once-hot 'rackaminium' industry - basically condominiums for boats - is beginning to feel the heat. ...more
October 31, 2007
It wasn't many years ago that Pinellas County government officials were concerned the county's tourism industry was on the verge of being swept away. They are trying, a bit belatedly, to prevent this from happening again. ...more
October 24, 2007
A Palm Harbor-based development group has backed out of plans to build a high-end, Mediterranean-style complex in the downtown, city officials said. ...more
October 23, 2007
The painful housing market has claimed yet another condo project - at least for now. ...more
October 20, 2007
A developer's proposal to build one of the most significant projects in the Tarpon Springs downtown district in many years, Meres Crossing at Meres Boulevard and Alt. 19, is moving forward. ...more
October 20, 2007
More than 1,350 apartment and condominium residents have had their addresses changed this year by the Hillsborough County 911 Administration. ...more
October 10, 2007
SEBRING — Harder Hall is changing hands once again, after Sebring Hospitality Group withdrew its contract just hours before the due-diligence period ended Thursday. The city will now move forward with its contract with Steve Israel, an investor from New York, who has offered to purchase the hotel for $5.6 million. City council approved a back-up contract with Israel at a Sept. 19 meeting, in case the contract with Sebring Hospitality Group fell through. Sebring Hospitality Group requested a 30-day extension to its due-diligence period, which the city council denied at a special meeting Thursday. ...more
October 5, 2007
SEBRING — Harder Hall is changing hands once again, after Sebring Hospitality Group withdrew its contract just hours before the due-diligence period ended Thursday. ...more
October 4, 2007
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