Estero
REAL ESTATE
3 Best Florida Cities To Buy Property in the Next 5 Years, According To Real Estate Agents
If you're considering making a move to Florida, whether that means relocating for your career or retirement, you're likely in the process of bookmarking cities where it will pay off to buy real estate...
Understanding the Workforce Housing Crisis & Why It Affects All of Us
The concept of workforce housing has become a critical topic of discussion in Southern Lee County, encompassing areas like Estero, Bonita Springs, and the surrounding regions. A Struggle for Our Community’s Backbone. The housing crisis is not just about affordable living. It’s about the very backbone of our community,...
Cape Coral ranked second best for first-time home buyers
First-time home buyers welcome to the City of Cape Coral. The city ranked second best in the country for you, according to a WalletHub survey released on Tuesday. “Cape Coral is hot right now,” said Scott Riddle, real estate agent and co-founder of Southwest Florida REGroup at MVP Reality. “Just look at the statistics. I mean, there’s close to 1,000 brand-new homes built in 2023 and newer on the market right now. And the ease of everything. No matter where you are in the Cape, you’re 5 to 10 minutes from shopping, for groceries, to go out to have drinks, to have dinner.”
265-unit multifamily community planned near Palm Point Shoppes in Fort Myers
Atlanta-based real estate investment and development firms Brook Farm Group and Rail Gauge Partners LLC closed on a construction loan and the acquisition of an 8.5-acre site adjacent to Palm Pointe retail center at U.S. 41 and Trailwinds Drive in Fort Myers. The companies plan to develop a 265-unit multifamily community and break ground this month, company officials said. Terms of the acquisition from a partnership that previously entitled the land were not disclosed. The first units of The Sinclair at Palm Pointe are expected to be delivered in early 2026. The community will be developed as two four-story buildings with elevator service, a 3,800-square-foot clubhouse, a two-level fitness center, up to 2,200 square feet of coworking space, a resort-style pool, a dog park and outdoor fireplaces. One-, two- and three-bedroom units, ranging from 650 to 1,369 square feet, will be offered for rent.
Permits to Build U.S. Apartments Have Dropped Nearly 30% Since the Pandemic
Cape Coral, FL—at risk from natural disasters—is permitting more multifamily housing than anywhere else in the U.S. Austin ranks second, but has seen a significant slowdown in permits. Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. so far this year,...
Fort Myers-Naples among top areas in US for office space use
The Fort Myers-Naples area ranks in the top three for net absorption of office space since 2020, Cushman & Wakefield U.S. Chief Economist and Head of Global Research Kevin Thorpe said at a recent Horizon Council meeting in Fort Myers. Thorpe said the surge was driven by peak attendance days and a focus on sectors such as legal services.
JBM Brokers the Sale of Brantley Pines Apartments in Fort Myers
JBM® Institutional Multifamily Advisors is pleased to announce the sale of another Southwest Florida multifamily property – Brantley Pines for $57,000,000 or $192,568/unit. The seller was The Inland Real Estate Group of Companies, Inc. – one of the nation’s largest commercial real estate companies. The buyer was Boca Raton-based Interface Properties. To date, JBM® has transacted on over $930 Million with Inland on both the buy and sell-side.
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