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MARKETQWEST
Food trucks lead Central Florida’s restaurant boom
Most restaurant activity is surging back from the Covid-19 pandemic, and food trucks are doing better than ever....
Published on: 7 hours ago
Source: Orlando Business Journal CRE News
Prominent Sarasota law firm finds new downtown HQ, leaving offices it's been at for nearly 45 years
Williams Parker will move out of its current offices on Orange Avenue into the Plaza at Five Points....
Published on: 12 hours ago
Source: Business Observer
Why this recently sold Winter Garden shopping center doubled in value
Real estate experts expect to see more of these types of deals in the marketplace....
Published on: 10 hours ago
Source: Orlando Business Journal CRE News
Investor pays nearly $40 million for office and retail space in Tampa
Baltimore firm buys into Grand Central at Kennedy, a prime downtown development in Channel District....
Published on: 14 hours ago
Source: Business Observer
What's next for Brightline after Disney stop is no more?
The intercity rail company has plans for a station near Disney, but no longer on resort property....
Published on: 13 hours ago
Source: Orlando Business Journal CRE News
Thinking of buying or selling a business? Here are some tips from experts.
Looking to buy or sell a business? Experts say to consider these tips and best practices before pursuing a transaction....
Published on: 14 hours ago
Source: Orlando Business Journal CRE News
Experience Kissimmee shares more on future travel strategy
"From a domestic standpoint we are really monitoring and watching things."...
Published on: 14 hours ago
Source: Orlando Business Journal CRE News
New apartments near Disney sell to New York investment firm for big bucks
Amenities include an outdoor fireplace and fire pit lounge, a business hub and flex workspaces, a dog park, plus a yoga and wellness studio....
Published on: 15 hours ago
Source: Orlando Business Journal CRE News
Disney shares more behind new Princess and the Frog re-theme of Splash Mountain
"Picking up where the film left off, guests will join Princess Tiana, Naveen and jazz-loving alligator Louis on an adventure through the bayou."...
Published on: 16 hours ago
Source: Orlando Business Journal CRE News
Winter Park targets new trails, sidewalks and a bike bridge with proposed county transportation tax funds
Changes to the region’s bike and pedestrian infrastructure are particularly important given the region’s dismal safety performance in that area....
Published on: 16 hours ago
Source: Orlando Business Journal CRE News
JK2 Construction founder Paul Holmes to step down after 35 years
The company saw its year-end revenue double from 2020 to 2021....
Published on: 16 hours ago
Source: Orlando Business Journal CRE News
Florida among hottest states for self-storage, Cushman exec says
The executive vice chairman of Cushman & Wakefield Inc.'s national self-storage advisory group says the outlook for the sector remains promising....
Published on: 1 day ago
Source: Orlando Business Journal CRE News
Top of the List: Orlando's largest credit unions
The top five credit unions on the list have total assets of more than $191.43 billion, as of March 31....
Published on: 4 days ago
Source: Orlando Business Journal CRE News
Scandinavian airline Norse Atlantic Airways to start flights to Central Florida
Norse Atlantic Airways' arrival comes as summertime travel is approaching pre-pandemic levels....
Published on: 4 days ago
Source: Orlando Business Journal CRE News
The pandemic launched a new wave of small businesses. Employers need to take note.
The pandemic led many professionals to launch businesses. Employers need to take note....
Published on: 4 days ago
Source: Orlando Business Journal CRE News
Plans for RoseArts District apartments, shops and restaurants in Orlando move forward
The RoseArts District project has encountered obstacles on the road to this point....
Published on: 4 days ago
Source: Orlando Business Journal CRE News
Fort Myers’ Royal Palm Square sells for $12 million, new owner envisions mixed-use community
Royal Palm Square, a Fort Myers retail center off Colonial Boulevard and just east of McGregor Boulevard, has a new owner with a new vision for the future. Alessio Holdings purchased the 14-acre site from ALS Commercial II LLC for $12 million. The deal that closed Thursday includes the Broadway...
Published on: 4 days ago
Source: Gulfshore Business CRE News
Orlando-based Foundry Commercial CEO talks firm's latest acquisition, interest rates
“We are building a company we want to last. We're not building your company to sell."...
Published on: 4 days ago
Source: Orlando Business Journal CRE News
I-Drive lays out early work on possible SunRail/Brightline/trolley pass
A seamless public transportation pass system would be the goal, said multiple experts....
Published on: 4 days ago
Source: Orlando Business Journal CRE News
Restaurant roundup: New poke bowl restaurant debuts in downtown Orlando; Maxine’s to add permanent outdoor patio
The New poke bowl concept took over a location that formerly housed a juice bar....
Published on: 4 days ago
Source: Orlando Business Journal CRE News
Orlando worst among U.S. metros for construction workforce decline, report says
“Nowhere are those challenges impacting construction hiring as severely as they are in Orlando.”...
Published on: 4 days ago
Source: Orlando Business Journal CRE News
Orange County transportation sales tax would make Orlando more accessible for people with disabilities
This is one example of the $1.6 billion in bike, pedestrian and technology improvement projects the Orange County Transportation Initiative may fund....
Published on: 4 days ago
Source: Orlando Business Journal CRE News
Credit Unions
Rank Credit union Total assets as of March 31, 2022 Total shares and deposits as of March 31, 2022 Total loans as of March 31, 2022 Total liabilities as of March 31, 2022 1 Navy Federal Credit Union, 4698 Gardens Park Blvd., Orlando 32839, 888-842-6328, navyfcu.org 160440596270 135438386928 96745040078 144986565596...
Published on: 4 days ago
Source: Orlando Business Journal CRE News
Luxury Sarasota complex hits 50% mark in sales
One Park Sarasota has opened a new sales gallery in the city....
Published on: 11 days ago
Source: Business Observer
47-year-old Sarasota apartment complex sells for more than $260,000 per unit
A local investor has bought Parkside East and will give it “numerous updates and enhancements.”...
Published on: 11 days ago
Source: Business Observer
St. Pete developer seeks retailers for $80 million Edge District project
With groundbreaking near and condo sales brisk, Orange Station developers are in search of merchants to fill space....
Published on: 12 days ago
Source: Business Observer
Appraisal questions and price concerns delay sale of city-owned Fort Myers property
The Fort Myers City Council put off the sale of the property slated for a new Farmer Joe's Market....
Published on: 14 days ago
Source: Business Observer
First home in new affordable housing project in Tampa completed
The city program awarded lots to developers who agreed to build affordable housing for local residents....
Published on: 15 days ago
Source: Business Observer
Beverage bottler and distributor starts work on $250 million facility
Coke Florida is building a massive state-of-the-art sales and distribution center in Tampa....
Published on: 17 days ago
Source: Business Observer
Mall outparcel in Tampa sells, but has the mall itself been sold?
An outparcel of Citrus Park Town Center sells to investors for $5.65 million....
Published on: 18 days ago
Source: Business Observer
Ave Maria storage complex sold to California developer
The 3-year-old facility, built by local developers, sold for nearly $14 million....
Published on: 19 days ago
Source: Business Observer
Sarasota building inspector calls for immediate safety measures at Mira Mar
The property inspection found an "overall decline," and a local expert says the city is liable if the building collapses....
Published on: 20 days ago
Source: Business Observer
Sarasota board votes down developer's plan to raze 100-year-old building
The Historic Preservation Board unanimously refused the request to tear down Mira Mar in order to build 70 condos....
Published on: 21 days ago
Source: Business Observer
Historic Mira Mar, set for demolition vote, visited by inspector as engineer recommends regular safety checks
Developers are looking to tear down the Sarasota building to build 70 condos and retail space....
Published on: 21 days ago
Source: Business Observer
Consumer trends and unwieldly buildings drag down price of mall properties
Once coveted mall properties now sell for a fraction of what was once a big ticket....
Published on: 21 days ago
Source: Business Observer
Consumer trends and unwieldy buildings drag down price of mall properties
Once coveted mall properties now sell for a fraction of what was once a big ticket....
Published on: 21 days ago
Source: Business Observer
Brooklyn buyers pay $240 million for nearly 2,500-unit multifamily portfolio
The statewide 14-property portfolio includes six properties on the Gulf Coast....
Published on: 27 days ago
Source: Business Observer
160 more build-to-rent homes coming to Fort Myers
Developers to start construction on a second build-to-rent community within The Forum later this year....
Published on: 27 days ago
Source: Business Observer
Boston private equity firm buys five industrial buildings in St. Pete
Taurus Investment has purchased 1.4 million square feet of industrial space in four U.S. cities, including St. Petersburg....
Published on: 27 days ago
Source: Business Observer
Construction starts on 60,000-square-foot facility for national building supply distributor
The Charlotte County facility will include warehouse and office space when completed next year....
Published on: 28 days ago
Source: Business Observer
Cape Coral land sells for $4.2 million, duplex community planned
A swath of land in Cape Coral, north of Pine Island Road and west of Del Prado Boulevard, just changed hands. A development of 76 duplexes is being planned for the land, which is surrounded by single-family homes. Duplexes Park Resort LLC paid $4.2 million on June 1 for the...
Published on: 28 days ago
Source: Gulfshore Business CRE News
Pair of lawsuits challenge new insurance crises and condo safety regulations
Industry group and contractors are asking judges to grant injunctions and stop two laws passed during last month's special session....
Published on: 29 days ago
Source: Business Observer
Investor in Fort Myers Taco Bell, Cheddar’s uses cap rate, 1031 exchange to advantage
Jim Shiebler, a real estate broker with Marcus & Millichap, found the right client and the right two restaurants to work a series of four deals involving one investor over the past three years. The deals don’t create a sizeable impact in Southwest Florida where they occurred but demonstrate a...
Published on: 1 month ago
Source: Gulfshore Business CRE News
June 2022 SWFL commercial projects
COLLIER COUNTY 6000 Taylor Road LLC and 6026 Taylor Road LLC purchased 10,000 square feet of commercial space at 6000 and 6026 Taylor Road in North Naples from Janalis Inc. for $3.75 million. Christine McManus, CCIM, SIOR, of Investment Properties Corp. represented the buyer and seller. Rail Head 239 LLC...
Published on: 1 month ago
Source: Gulfshore Business CRE News
June 2022 commercial leases
CHARLOTTE COUNTY F45 Fitness Port Charlotte West leased a 3,300-square-foot space in Charlotte Square, 2150 Tamiami Trail, units 19 and 20, in Port Charlotte from Regency Centers. Brock Rasmussen, Brent Westerfield and Matt Heiderman of Lee & Associates Naples-Fort Myers represented the lessor, and Kayla Weiss of Coldwell Banker Commercial...
Published on: 1 month ago
Source: Gulfshore Business CRE News
Downtown Naples lot sells for $12 million, nearly doubling seller’s short-term investment
Naples-based Northern Capital Investments made a good investment with the purchase of a vacant lot in downtown Naples that it resold in less than five months for $12 million, nearly doubling its money. On Friday, the Augusterra Group LLC, based in the Tampa Bay area, purchased the nearly three-quarter acre property at 331 Eighth St. S....
Published on: 1 month ago
Source: Gulfshore Business CRE News
Murano at Three Oaks apartments sell for $122.5 million
The recently completed Murano at Three Oaks apartment complex changed hands for $122.5 million, making it one of the highest-priced transactions of the year in Southwest Florida. The 318-unit complex, on the southwest corner of the Interstate 75 and Alico Road exit in south Fort Myers, was developed by a...
Published on: 1 month ago
Source: Gulfshore Business CRE News
Naples Fifth Avenue South building sells for $27 million
A 19,675-square-foot retail and office building sold for $27 million in downtown Naples in an off-market deal. The sale amounts to $1,372 per square foot, well above the typical $225 per square foot of office space in the rest of Southwest Florida. That’s the kind of cachet Fifth Avenue South...
Published on: 1 month ago
Source: Gulfshore Business CRE News
Fort Myers Event Center sells to Boys & Girls Clubs for $1.7 million
The Boys & Girls Clubs of Lee County paid $1.7 million for a south Fort Myers property that had been known as the Fort Myers Event Center. The nonprofit organization plans to transform the 14,500-square-foot building, which had been home to the Fort Myers Elks Lodge, into a new youth...
Published on: 1 month ago
Source: Gulfshore Business CRE News
The Reserve at Coconut Point apartments sell for $71.7 million
The Reserve at Coconut Point apartment complex just sold, as the per-unit pricing of apartments in Southwest Florida continues to creep toward $400,000 per unit. The 180-unit complex sold for $71.7 million, which amounts to $398,333 per unit. At 163,800 square feet of rentable area—an average of 910 square feet...
Published on: 1 month ago
Source: Gulfshore Business CRE News
Fort Myers Beach Theater shuts down for now after selling for $4 million
The Beach Theater, which has been entertaining Fort Myers Beach movie goers off and on since 1999, shut down again last week after changing ownership for the third time, and the first time since 2011. Steve Boge, who owns Signature Vacation Properties on Fort Myers Beach, just paid $4 million...
Published on: 1 month ago
Source: Gulfshore Business CRE News
Bay Landing retail center in Bonita Springs sells for more than $10 million
The Bay Landing retail center at U.S. 41 and Bay Landing Drive, in Bonita Springs sold May 5 for $10,425,000. The Shopping Center Group, a retail-focused real estate advisory firm based in Atlanta, represented an affiliate of Barron Collier Co. in the sale to an affiliate of InvenTrust Properties, a...
Published on: 1 month ago
Source: Gulfshore Business CRE News
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