Dougall McCorkle represented a private investor in the acquisition of a 71,000 square foot office building in Gainesville Florida, which sold for $8.36 million. The building is a single purpose building that has a long term lease with New Media Group, the parent company of the Gainesville Sun newspaper. The property traded at just…
2014 proved to be a solid year in the world of commercial real estate in Southwest Florida, virtually on every front: land, retail, office, industrial, falling vacancies, increasing rental rates, little new supply, shrinking land availability. 2015 will be the explanation point from the year just past! Office Market Naples Class A office market…
Interest rates for real estate are impacted by various factors with the primary factors being the global bond market and the interest rates manipulated by the Federal Reserve. Another determinant factor that drives interest rates is the spread that lenders charge their customers. That spread is the rate differentials between what lenders borrow money at…
The office market in SW Florida continues to march back to health. After several years of difficult conditions, the general office market in SW Florida is improving, at least from an investor’s point of view: higher rental rates, lower vacancy, and less concessions. For a complete third quarter 2014 report please click here. The…
November 4th was a big day of the Collier County Supervisor of Elections. Not only was it election day, but it was the day that the Elections Board closed on the purchase of a new building to call their home. The County purchased a 30,000 square foot industrial/office complex at 3750 Enterprise Avenue in…
The Village on Venetian Bay is excited to welcome Tommy Bahama to its growing list of regional and national retailers. The addition of the Tommy Bahama store is an example of the growing attention the Village is garnering from high quality retailers. The upscale waterfront specialty center posts some of the strongest retail…
The Bonita Bay Medical Centre , a 70,000 square foot office building in Bonita Springs, Florida was recently sold according to Dougall McCorkle of Premier Commercial Inc. who represented the buyer in the transaction. The three story Class A office building was initially constructed in 1995 and is located in Bonita Bay along US 41,…
The SunTrust Building, a 70,000 square foot office tower in Naples, Florida was recently sold according to Dougall McCorkle of Premier Commercial Inc. who represented the seller in the transaction. The seven story Class A office building is located in Pelican Bay along US 41, adjacent to the affluent Waterside Shops and Artis Naples (formerly…
Periodically we try to share with our readers profiles on SW Florida businesses, success stories, and interesting personalities. This month’s newsletter features one of Naples’ emerging forces in the field of downtown redevelopment, Adam Smith of Naples Redevelopment Inc. Naples’ downtown area, which has long been centered around Fifth Avenue South wasn’t always the…
What is old is new again. Dougall McCorkle and Premier Commercial has been engaged to exclusively represent The Village on Venetian Bay. The Village is 125,000 square foot high-end specialty center located directly on the waterfront along Gulfshore Boulevard in North Naples. The exclusive center includes six restaurants and more than 40 other unique shops.…