Current Health of the Naples Florida Retail Scene The retail scene in Naples Florida has enjoyed a fairly strong “season” in 2012 thus far. Having had the lead role in the development and leasing of some of the finest retail properties in Naples, like the Mercato, The Village on Venetian Bay and other Publix anchored shopping centers,…
Latest Market Conditions of Commercial Properties The commercial real estate market, at least in Naples, Flordia, probably found the bottoming of valuations in 2011. In 2012, valuations have quickly firmed up. While unrealistically deep discounts on properties are largely a thing of the past, that doesn’t mean there still aren’t good opportunities out there…it’s just that a fair degree of…
Income Properties come in two flavours Searching for investment properties in Naples and Southwest Florida, like much of Florida and the US, can largely be split into two categories: distressed and troubled assets, and “core” assets. The distressed assets, largely bank owned or soon to be bank owned can be distressed for a variety of reasons,…
Time to sell or time to buy? Flip a coin! If you read my commentary of February 19,2012 , I had made the assertion that this is a somewhat unique time in the business and economic cycle where one could make strong arguments why its a great time to be BOTH a buyer and a…
It’s a great time to Buy- It’s a great time to Sell As the nation goes through economic cycles over the generation no where are the gyrations to the real estate market so pronounced as in the State of Florida. Its a state known for booms and busts, from the 1920’s and before until the present…
The Naples Office market is coming alive! The office market in Naples Florida, after spending several years in the doldrums is showing some signs of coming alive albeit slowly. The improvements in the market are of course largely a result of the general economic trends and consumer confidence, but also as a result of the…
NNN property in Marco Island sells for $5.7 million We closed today on a transaction for the sale and purchase of an investment property in Marco Island, Florida. The property includes a 15,000 square Walgreen’s Drug store and is situated on North Collier Boulevard in Marco. The property sold for $5.7 million, which was an approximate 7.2%…
Commercial Properties Poised for Gains As 2011 comes to a close most of us are probably more than ready to put that year behind us, as the business environment has been nothing but challenging!…better yet most hope to forget the volatile years 2009 and 2010 (might as well throw in 2008 while you’re at it too)! For the…
Mercato is an award winner! The International Council of Shopping Centers (the ICSC) awarded special recognition in its annual design and development competition to the Naples, Florida mixed use development The Mercato. In its annual design convention held in Scottsdale Arizona, the ICSC recognizes shopping centers around the world for their individual achievements in creating…
Leasing at the Mercato Having had a lead role at the Lutgert Companies in the creation, development and leasing of the nationally recognized Mercato mixed-use project in Naples, Florida, it’s been my real pleasure to see how the property has emerged and materialized from countless renditions of site plans and layouts to what it has now become.…