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Providing Cutting Edge Data and Information on the Evolving Real Estate Market With Occasional Commentary
RECENT BLOG POSTS
 CRE Cape Harbour Land LLC and CRE GS Properties LLC sold the vacant commercial tracts to LDC Cape Harbour Holdings LLC on February 27, 2019 . The amount paid for the properties according to Lee County Official Records is $4,555, 200.00. and $1,284,800.00.  The deeds were transfered by Tina Fisch...
03/04/2019
If your time to youIs worth savin'Then you better start swimmin'Or you'll sink like a stoneFor the times they are a-changin'. Bob Dylan I don't need to attend a fancy Market Watch event to figure out the cycle of real estate is changing, but I do enjoy listenin' to the Bob Dylan Song-The Times th...
02/21/2019
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, brokered the $21.3 million ($114,245 per unit) fractured sale of Cobblestone on the Lake, a 290-unit community in Fort Myers, Fla. The sale took place on February 7tth, 2019.  The deed transfer was handled by Charles S...
02/18/2019
The Riverwalk Apartments sold February 12, 2019 for $6,025,000Seller:   VICTORIA RIVERWALK LLCc/o DAVID BERNSTEIN 10800 BISCAYNE BLVD STE 735MIAMI FL 33161Buyer:  PEDCOR HOUSING CORPORATION 770 3RD AVE. SWCARMEL, IN 46032 The Riverwalk is an apartment community overlooking the Caloosahatchee Rive...
02/18/2019
Aslan Realty Advisors suggests this transaction is one that real estate professionals should be watching as a marker in the current real estate cycle.   Lee County, FL Residential Property Portfolio transfer: $9,430,059.00 Mortgage Amount: $22,761,000.00 Seller: RHA 2-SW FL LLC 3505 KOGER BLVD ST...
02/17/2019
NF II/CI FORT MYERS AIRPORT, LLC DBA Marriott Springhill Suites Fort Myers Airport located at 9501 Market Place Rd Fort Myers, Florida 33912 for $13,325,000.00 to SREIT CM FORT MYERS PROPCO, LLC. The transaction closed on January 11, 2019 according to the Lee County Clerk of Court. SREIT CM FORT ...
01/17/2019
BRE DDR BR NORTHPOINT FL LLC  an affiliate of Blackstone Real Estate sold the Northpoint Shopping Center located at 1811-1847 NE PINE ISLAND RD CAPE CORAL, FL to ALTO NORTHPOINT LP for $17,836,000.00 on January 10, 2019.  ALTO NORTHPOINT LP obtained a mortgage from Wells Fargo Bank in the amount ...
01/17/2019
Data Source: FDOR 
11/23/2018
On March 23, 2018, Governor Scott and the Florida Legislature delivered a win for Florida’s business community with the amendment of House Bill 7087.  Specifically in Section 212.031 of the Florida Statutes note the reduction of the Business Rent Tax (BRT) from 5.8 percent to 5.7 percent, which b...
09/05/2018
FYR SFR BORROWER LLC completed the purchase of 133 properties in Lee County, FL for $9,430,058.63 from RHA 2-SW FL LLC.  A copy of the contract can be located at this link, and the list of the Lee County single family homes is below for review. Information about the parent transction, which inlud...
09/02/2018
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Providing Cutting Edge Data and Information on the Evolving Real Estate Market With Occasional Commentary