Astepahead

PRESERVE EQUITY LLC sold a tract of land in Bonita Springs Florida to Mosaic Development LLC in May 2018 for $3,600,000.00. Additonallly, DEAN STREET 2005 LLC sold the adjacent parcel to Mosaic Development at Oak Creek for $2,340,000.00 in May 2018. The 17.5 acre project will offer both 273 multi...

The SEAHORSE SHOPPING CENTER INC was sold on May 10, 2018 for $2,714,000.00 to SANIBEL WETFISH PARTNERSHIP L.L.C. according the the Lee County Property Appraiser.  The retail center is home to the Sporty Seahorse Shop, Lighthouse Cafe, Tuttle's and Pinocchio's . This center has been an icon of Sa...

Fort Myers, FL based Chico's FAS, Inc , the American women’s clothing and accessories retailer sold a warehouse facility located at 10995 METRO PKWY FORT MYERS FL 33966 to  METRO PARKWAY WAREHOUSE, LLC in May 2018 for $2,700,000.00.Information about the facility can be located at the Lee County P...

Wonder what this does to the people in Lee and Collier Counties whose jobs just don't pay enough to meet these type of increases?On the opposite side of the fence.....investors are winning if rental rates have continued to increase, vacancy rates declined, tenant retention is relatively stable, a...

The Zemel family came to S Florida in the 1930's and started buying land, in some instances via tax certificate-deed sales. One of the largest undeveloped parcels in North Cape Coral (slightly over 1400 acres) just sold via Trustee auction for slightly over $3 million dollars to GA-Pinnacle LLC. ...

Didn't want to steal the News-Press or Media outlets thunder ....but the largest foreclosure auction in my last blog post was about Gulf Coast Town Center. For further details about the auction, please read the article below (Link provided)The News-Press article by Patricia Borns

You think you've seen it all, but every once in awhile a shocker comes along. This particular asset is in an excellent location, has Class A tenants--national anchors, recently built but fell into foreclosure in September 2015. The case moved swiftly through the courts, and in May 2016 the auctio...

The Zemel land (ZREV FARM LLC and ZEMEL FAMILIES) located in the north part of Cape Coral was sold to GA-Pinnacle Cape Coral LLC in April 2016 for $3,049,500.  (Approximately $2,155 per acre)The Zemel property was the subject of a Trustee sale handled by Madison Hawk  in October 2015. The initial...

Channelside Apartments LLC 11100 and 15031 Gladilous DriveFort Myers, FL325 UnitsPurchase price: $55,000,000 Per door price: Approximately $170,000The raw land price for this site, which was owned-developed by Mcgregor 325 LLC was $4,500,000.The approximate price for the construction of the renta...

Gulf Coast Town Center heats up with new arrivals By Dick Hogan Gulf Coast Town Center — and the commercial property surrounding it — are morphing into the retail and restaurant capital of Southwest Florida as the pace of construction picks up at last after the recession.“If you’re not here at th...