One of the rewarding side benefits of being in the commercial real estate business is seeing your clients become success stories and their property become improved for the betterment of the community. Just such an example is the dramatic transformation of an out-of-favor building into the West Indies Home Collection on the North Trail. Calling…
2013 and 2014 have been “red-hot” years for the sale of “single tenant” properties. Single tenant asset (aka “NNN” or “triple net”) investments where the income property is leased back by a single tenant. Unfortunately, much too often some of the basic investment fundamentals are overlooked by yield hungry investors. Five of the most…
Every year the leading national commercial real estate data research firm CoStar culls through its vast data and selects the top commercial real estate deal makers and awards them with their coveted “Power Broker” designation. They again selected Dougall McCorkle, along with a very select few other professionals, as being the Southwest Florida’s best for…
Land is no longer a “four letter word” in the world of real estate lingo. Ever since the last economic tailspin holding land (or maybe worse: lending on land) was a painful endeavor. In the Naples market, where I concentrate much of my time and efforts, there is a very significant lack of…
The biggest turn-around story in the Southwest Florida commercial real estate market has to be the industrial market. Driving through the industrial parks off of Pine Ridge Road or Airport Road in Naples 3 or 4 years ago would have painted a pretty bleak picture. Seemingly half the buildings were vacant and available for lease…
The office market, particularly the higher quality Class A office market, in Southwest Florida finally started to come alive in 2013 with a net absorption of 142,595 square feet in Southwest Florida. Collier County was the outright leader of the tri-county area, taking a commanding 85% of that total. The lesser quality Class B and…
When marketing a property, real estate agents will often use shorthand phrases to indicate the general characteristics of their properties. When discussing retail properties, for instance, the phrase “power center” might pop up; even though there can be a large degree of variation within the power center category, you will at least get a general…
As we leave a strong commercial real estate climate of 2013 behind us, 2014 should be even stronger so long as we remain free of any major geo-events that may throw us off the course of continued prosperity. We were fortunate that 2013 was relatively devoid of any derailments, although the ineptness of Washington in…
Dougall McCorkle represents buyers for this High Tech Industrial Campus Dougall McCorkle of Naples based Premier Commercial represented an investment group on the recent $2.5 million acquisition of a 30,000 square foot office/industrial campus in Naples, FL at 3750 Enterprise Road. The building, formally known as the E.B. Simmonds building is one of the most…
Dougall McCorkle represents buyer for Uptown Center An undisclosed private investor purchased the 75,000 square foot Uptown Center in North Naples for $11.2 million. The neighborhood shopping center is located next to Sam’s Club at the Southwest corner of Immokalee Road and Airport Road. The center has been a popular destination for the neighboring communities…