Weekly Roundup: November 9-13

Photo by Kaboompics .com from Pexels

 

Catch up on this week’s top business news here. For daily information, subscribe to our free newsletter, Gulfshore Business Daily, and find archived newsletters at GulfshoreBusiness.com.

 

Friday, Nov. 13

Naples Motorsports

NAPLES MOTORSPORTS PLANS EXPANSION WITH SECOND DEALERSHIP

Naples Motorsports plans to expand with a second location a short distance away from its existing luxury and exotic car dealership at 1250 Airport-Pulling Road S. Collier County commissioners this week amended the future land use map to create the Meridian Village Mixed-Use Subdistrict to allow construction of a luxury auto dealership on 3.29 acres on the northwest corner of the intersection of Airport-Pulling Road and Estey Avenue in East Naples. The property was cleared six years ago when Beach House Naples built its assisted living and memory care residential community on the more than 6 acres on the northern part of the land along Airport-Pulling. The second location for Naples Motorsports is still in its early design stage, so a construction timeline is not available yet for the future expansion. Todd Rosenthal, founder and owner of Naples Motorsports, plans the second dealership to be home to Karma luxury electric exotic cars and Rimac, a Croatian startup car company. His current location features brands such as Alfa Romeo and Lotus. The core business of Naples Motorsports, which just marked its 20th anniversary this fall, has always been pre-owned exotics such as Ferrari, Maserati, Lamborghini, McLaren, Bentley, Aston Martin and even the 1965 replica Shelby Cobra classic, Rosenthal said.
 

Thursday, Nov. 12

HERTZ GLOBAL HOLDINGS REPORTS THIRD-QUARTER NET LOSS OF $222 MILLION

Estero-based Hertz Global Holdings Inc. this week reported results for its third quarter 2020 with revenue of $1.3 billion, a net loss attributable to the company of $222 million and adjusted corporate EBITDA loss of $26 million. Liquidity at the end of the third quarter was $1.1 billion, the company reports. “Our U.S. Chapter 11 process is progressing well. Recent, new funding and commitments of more than $6 billion allow us to continue taking steps to best position our business as a rental-car and fleet-leasing leader through the pandemic and for the future,” says Hertz Global President and CEO Paul Stone. 
 

Wednesday, Nov. 11

Video courtesy of WINK News

HEALTH CARE WORKERS WILL BE FIRST TO RECEIVE CORONAVIRUS VACCINE IN FLORIDA

According to Florida’s COVID-19 vaccine plan, the first vaccines for the virus will go to health care workers, residents and staff of long-term care facilities, and some essential workers. As more doses become available, mass vaccination clinics could pop up for people who are at a higher risk of contracting COVID-19 or those 65 years and older. All of this would occur before vaccinating the general public, WINK News reportsPfizer has announced that it has a promising coronavirus vaccine candidate showing 90% effectiveness. The company is now on track to apply for emergency authorization later this month. 
 

Tuesday, Nov. 10

VERTICAL CONSTRUCTION BEGINS FOR THE POINTE AT FOUNDERS SQUARE

Vertical construction began in early November for The Pointe at Founders Square. The 38,000-square-foot restaurant/retail hub under construction on the southeast corner of Immokalee Road and Collier Boulevard joins a medical center, a self-storage facility and an apartment complex already under construction at that 55-acre development. South Street City Oven and Grill, Palumbo’s Pizzeria, Skillets, Fuji Sushi Bar & Asian Bistro, and Luxury Nails & Spa are coming to The Pointe. Announcements are expected soon regarding a national steakhouse, a local Mexican restaurant and other eateries and retail stores coming to that corner hotspot. A gas station/convenience store and other outparcels also will front Immokalee Road there on that former Pelican Nursery property.
 

Monday, Nov. 9

FLORIDA ATTORNEY GENERAL WARNS OF HOLIDAY-THEMED SCAMS 

With the holiday season fast-approaching, Attorney General Ashley Moody is promoting a program that contains tips and resources available for Floridians to help protect themselves against emerging scams and fraud. “Scams at a Glance: ‘Tis the Season” aims to educate Floridians on common scams typical of holiday-season purchasing and giving. Know that if a deal appears too good to be true, it almost always is. To view the “Scams at a Glance: ‘Tis the Season” brochure, click here. To access a webpage for more content related to common scams, click here.
 
 
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