Benderson Development, which for 10 years has owned a vacant restaurant building off U.S. 41 in south Fort Myers, just paid $40.35 million for its next-door neighbor, Cypress Trace shopping center. The post Owner of abandoned restaurant buys adjacent Cypress Trace for $40.3M appeared first on Gulfshore Business ..read more

People prefer a view of palm trees outside their office windows over paradise-inspired desktop wallpaper. At least that can be inferred, given that Florida comes in as the third-highest state for office demand, according to a 2024 Highland Cabinetry study. The post How office demand, industrial investments, housing shortages intersect in Naples appeared first on Gulfshore Business ..read more

College Plaza, at the northwest corner of College Parkway and U.S. 41, sold for almost 4% less than the June 4 listed price of $15.2 million.  The post New Jersey investors buy College Plaza shopping center for $14.6M appeared first on Gulfshore Business ..read more

The square tiles are all that remain of Plaka on the Beach, a Greek-themed restaurant that had been in Times Square on Fort Myers Beach since 1981.  The post Times Square sale sets real estate record on Fort Myers Beach appeared first on Gulfshore Business ..read more

Interest in purchasing Fishermen’s Village continues to rise, and as of July 19, SVN Commercial Partners received 50 executed documents after sending out 80 requested nondisclosure agreements, SVN Managing Partner Ashley Bloom said.   SVN is selling the property through a call for offers process, which is a closed bid auction.  The property was previously owned by Jonathan Larmore, CEO of Arizona-based Arciterra Companies LLC, who was removed from control of the property in favor of court-appointed receiver Jeffrey Kolessar of PGFL Associates LLC in October 2023.  Constructed ..read more

For three decades, electrician Bill Semmer invested in waterfront property on San Carlos Island, including his passion project, Bonita Bill’s restaurant.  After Semmer’s death in January 2023, his family decided to part with some of the property, opening the door for potential redevelopment projects.  There are four parcels with a combined asking price of $20 million, said Lauri Albion, a broker with SVN Commercial Partners, which was hired by the family to sell them.  The Semmers become the latest Fort Myers Beach family to put their legacy lands on the market. The Myers fami ..read more

A prominent retail center in central Naples recently changed hands. In late June, Benderson Development acquired Carillon Place, a 250,000-square-foot retail center on the southeast corner of Airport-Pulling and Pine Ridge roads. Benderson purchased the more than 25-acre property from Site Centers, formerly DDR Corp. and Developers Diversified Realty Inc., a real estate investment trust based in Beachwood, Ohio. The property sale price has not been disclosed or recorded yet. The last sale price for that real estate was $35 million in 2012, according to records from the Collier County propert ..read more

A recent announcement that 20 acres in the Enterprise Charlotte Airport Park zone sold for $2.75 million may have been news to Charlotte County Economic Development Director Dave Gammon. But it wasn’t a surprise considering the current commercial land rush in Punta Gorda’s industrial area surrounding Punta Gorda Airport. The property is located at the southeast corner of the airport. Christi Pritchett of LSI Companies Inc. brokered the deal for the land at the southeast corner of the airport. Randy Krise, founder of Fort Myers-based Krise Commercial Group, is the buyer. Krise also has other ..read more

Longtime Lee County developer Dan Creighton and investor Mike Devito of Alpha Equity Group considered putting a shopping center at one of the busiest intersections in Southwest Florida on the market in 2020. Their real estate broker advised them against doing so then.  Broker Jim Shiebler, now a senior vice president of CBRE, has been preparing the marketing materials over the past month. This week, he’s launching efforts to sell College Plaza, 7070 College Parkway in south Fort Myers, for $15.2 million.  It’s a hefty boost from the $3.9 million Creighton and Devito paid for it in ..read more

Collier County commissioners unanimously rejected a $23 million price for a 2,247-acre Immokalee property for possible affordable workforce housing, fire house and other uses, opting to continue negotiating.    During a roughly hourlong discussion May 14, Commissioner Bill McDaniel Jr. called rejecting the offer a motion for failure, but added, “I will support you if you want to go down that road.”  The sellers’ purchase agreement was conditioned on their right to rescind it if the county’s offer for Williams Reserve at Lake Trafford was less than $23 million. Four out of ..read more