Business briefs

Published: Saturday, January 22, 2005 at 6:01 a.m.
Last Modified: Friday, January 21, 2005 at 11:13 p.m.

Gainesville apartments sell for $25 million

  • The 200-unit Links at Haile Plantation apartments has been sold to an Alabama-based developer and investor for $25 million on Jan. 12.
    The seller was a limited partnership headed by Green and Rowe Investments of Gainesville. The buyer is an entity formed by Arlington Properties of Birmingham, Ala., according to Mike Deree, a condominium conversion specialist with Orlando-based Smith Equities Corp., which brokered the sale.
    The Links was built in 1998 within the greater Haile Plantation planned unit development off Tower Road and has about 98 percent occupancy, Deree said. He added that the complex is comprised of one- two- and three-bedroom units with an average square footage of 1,131, and with average rents of $916 per month.
    -Doris Chandler

    Wall Street feels brunt of surge in oil prices

  • NEW YORK - A surge in oil prices sent the major stock indexes to their lowest levels of the year Friday. All three indexes fell for the third straight week.
    The Dow Jones industrial average fell 78.48, or 0.75 percent, to 10,392.99. Broader stock indicators also fell. The Standard & Poor's 500 index was down 7.54, or 0.64 percent, at 1,167.87, and the Nasdaq composite index dropped down 11.61, or 0.57 percent, to 2,034.27.

    Report shows economy is lagging this month

  • NEW YORK - Consumers' outlook on the economy was less rosy in the first half of the month, according to a leading survey released Friday that attempts to gauge the mood of the nation's shoppers.
    The University of Michigan's mid-month report on consumer sentiment for January showed that its headline index fell to 95.8 from 97.1 in December, according to people in the market who have seen the subscriber-only report. The average forecast for the index was 97.0, according to a Dow Jones Newswires/CNBC survey of economists.

    Sunshine Network gets new name, logo, music

  • Sunshine Network, a regional sports television network, unveiled its new on-air presentation Tuesday to Northern and Central Florida viewers, debuting a new brand identity and style through state-of-the-art graphics and a new Sun Sports logo and original music.
    South Florida viewers saw the transition on Wednesday. Sun Sports is, and will be identified as, The Florida Sports Network, according to network officials.
    Launched in 1988 with 1.5 million subscribers, Sunshine Network/Sun Sports, is now available in more than 6.1 million cable and satellite homes statewide. -Doris Chandler

    Hewlett-Packard says it will pay $141 million

  • PALO ALTO, Calif. - Hewlett-Packard Co., a leading maker of personal computers and printers, has agreed to pay $141 million to settle patent disputes with software maker Intergraph Corp., both companies announced Friday.
    Hewlett-Packard, which also makes servers and software, said in a statement that it expects the settlement to reduce earnings for the first quarter of fiscal 2005 by about 3 cents per share.
    The company will pay Huntsville, Ala.-based Intergraph by Jan. 28.
    -Compiled from The Associated Press
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