GULF COAST
AUGUST 12 – AUGUST 18, 2011
Business Review GULF COAST www.review.net August 2011
500 Largest Companies 4
Companies Ranked by Revenue & Industry 40
Companies Alphabetically 47 50 Largest Employers 53
50 Fastest Growing Companies 52 50 Companies with Greatest Decline 54
TWO DollarS
the list:
TECHNOLOGY:
See this year’s ranking of the largest firms on the Gulf Coast.
SEE PAGE 7
STORY ON PAGE 13
Insuring Service
Growing TOP 500 COMPANIES apples Insert inside
A Mac retailer readies for competition from its corporate supplier.
Companies • Trends • Entrepreneurs • CEOs
COFFEE TALK
Insurance contracts keep an appliancerepair company in expansion mode.
The Weekly Newspaper for Gulf Coast Business Leaders
GULF COAST 500: After slowing down in 2009, Walker Ford passes the competition as the fastest-growing car dealership in the Gulf Coast 500.
GULF COAST BUSINESS BUZZ
+ Apartment deals lead the way
Commercial real estate brokers in the Tampa Bay region have been saying the apartment market is the most active segment of the market. Recent data based on deals for properties and portfolios worth more than $10 million confirms that. Data compiled by Real Capital Analytics shows that 19 apartment complexes traded hands in the first half of 2011 in the Tampa Bay area, representing $435 million worth of deals. That’s nearly half the total commercial real estate deals of more than $10 million in the Tampa Bay area in the first half of the year. Compared to the first half of 2010, deal volume is up 27% so far this year, totaling $933 million. The 52 properties worth more than $10 million that changed hands in the Tampa Bay area so far this year represents a 136% increase over the same period in 2010. Besides the apartment deals, in the first half of 2011 in the Tampa Bay area there were 18 retail deals totaling $286 million, 12 office deals totaling $187 million, two hotels worth $15 million and one industrial building worth $11 million. There were no land deals more than $10 million.
+ HMA stock takes a beating in the market
It’s hard to say whether the recent stock-market downturn caused Health Management Associates’ stock to lose more than a quarter of its value in five days. But it didn’t help that the company revealed federal investigations into some of its practices in the quarterly results it filed on Aug. 3 with the Securities & Exchange Commission. Among other issues, HMA disclosed that the U.S. Department of Health and
Drive On STORY ON PAGE 8
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See coffee talk on page 3