Real Estate

LSI Companies, brokered a 195± acre mixed-use property in Punta Gorda for $17,850,000. The property was acquired by a New York-based developer from KLAS, Etcetera, and DA Port Charlotte Holdings, & NTA Holdings, & TA Kings Highway & ATM II. The property is located at 175 Kings Highway, in Punta Gorda. The deal was brokered…

Ron Osborne, managing director/broker of Sperry – RJ Realty, represented the buyer, GCDC Fort Myers, in the purchase of a retail property located at 2952 Cleveland Ave. in Fort Myers. Terps Acquistions FM sold the property for $5.3 million. The acquisition closed May 22. The property is currently occupied by AYR Wellness, a cannabis dispensary. “The investor not…

The Fort Myers Community Redevelopment Agency recently approved two Commercial Property Improvement Matching Grants for the Cleveland Avenue redevelopment area. The first grant was awarded to RTTHREEM, located at 2809-2811 Cleveland Ave. in the not-to- exceed amount of $75,260.45. The funds will be used to improve the parking lot, install new fencing, landscaping, new signage…

The Fort Myers Community Redevelopment Agency recently approved a Commercial Property Improvement Matching Grant for the MLK Redevelopment Area. The grant was approved in the not-to- exceed amount of $200,000 for New Next Level Holdings, Inc., located at 3637 Dr. Martin Luther King Jr. Blvd. The funds will be used to install new fencing, parking…

Healthcare Network hosted a groundbreaking on May 21 that signals the start of construction for its future Orangetree Community Health Center in the north-central region of Collier County. The $15-million, two story medical complex will ensure that more than 41,000 residents in the Orangetree area, including Golden Gate Estates, will have access to high-quality medical…

Countryside Golf & Country Club in Naples is nearing another milestone as it begins foundation work of its self-described “Countryside 2.0” project, a comprehensive renovation that expands dining, social and recreation amenities while modernizing the community’s clubhouse. “The dynamics of our community are evolving,” said Joe Smith, Countryside’s general manager and chief operating officer. “We…

The Sanibel Captiva Trust Company celebrated its expansion into Fort Myers with a ribbon cutting ceremony on May 21 at its new Bell Tower office. Located at 13525 Bell Tower Drive, the 10,520-square-foot, two-story building is convenient for the firm’s growing base of clients in Fort Myers, Cape Coral, Estero and Bonita Springs. The building’s…

As commercial real estate investors look for ways to brace themselves against prolonged weak market performance in troubled regions nationwide, those whose properties have decreased in value should consider property tax appeal. At the heart of the discussion lies the potential for significant tax savings through a reduction in the property’s assessed value via an…