Milan Center sells for $1.9 million We closed today on a transaction for the sale of the North Naples Milan Center, a two story office building on US 41 just north of the Mercato at Vanderbilt Beach Road in Naples, Florida. The building is approximately 12,000 square feet, and sold for $1.9 million to a local…
Southwest Florida Commercial Real Estate Forecast – 2013 Steady As She Goes Two or three years ago there was serious doubt as to whether the real estate scene in Florida would ever recover from the Great Recession. For many players in the retail and investment sectors, Florida was the “F” word that should be avoided…
It’s STILL a great time to be a Buyer OR Seller The economic downturn that began in 2007 was certainly one of the worst and most pronounced ones for decades. Despite our declared emergence from the Great Recession, some folks rightfully so didn’t get that proclamation. On the other hand, the economy has solidified and seems to be running at…
Naples Offices for Lease – Mercato nears full occcupancy The Mercato, a 500,000 square foot mixed use project recently signed two new office leases bringing the office component of the project to more than 90% occupancy. Dougall McCorkle of Premier Commercial Inc. of Naples, Florida represented the landlord in two new office leases including a 7,035…
NEW OFFICE CONCEPT COMING TO NAPLES When local business man David Diamond, one of the principals of Naples based general contractor DeAngelis Diamond Construction, came to me to pitch the idea of his “Venture X” I knew he was on to something big. No, Venture X doesn’t have anything to do with other business with multiple X’s…
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…
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…
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%…