Southwest Florida Business Today
Online shopping is changing the industrial real estate sector in Southwest Florida.
Polk County doesn’t have the exclusive need for distribution space, Fort Myers has a growing need too, read it here:
Multifamily Investors Are Spending More Capital in Secondary, Tertiary Markets
Slightly higher yields and still expanding economies are driving multifamily investors to smaller cities.
The Hoffmanns have made big business waves in Southwest Florida by buying up a bit of everything, centered on hospitality. What drives their success?
The global business owners and entrepreneurial couple, who recently celebrated their 47th wedding anniversary, have been heavily investing in Naples and the greater Southwest Florida region ever since, when they relocated from their other homes in Illinois and Colorado.
Aventura firm buys Edison Mall land from mall owner
Washington Prime Group sells mall property for $33.3 million
Prolific builder: Region succeeds because it isn’t Miami
A developer looks back — to the recession, for one, when he had to let go of 85% of the staff — and forward on a host of new projects. Controlled growth is a key component of the business model.
What’s the Outlook for Cross-Border Investment in U.S. Real Estate Assets?
While some foreign investors have taken a pause on U.S. acquisitions recently, long-term outlook for cross-border investment remains strong.
Best Places to Retire in the U.S. 2020
To identify the best places to retire, U.S. News analyzed data for the 125 largest metropolitan areas in the USA to assess how well they meet Americans’ retirement needs and expectations. Fort Myers, FL #1.
What’s it like to live in Fort Myers, FL?
U.S. News analyzed 125 metro areas in the United States to find the best places to live based on quality of life and the job market in each metro area, as well as the value of living there and people’s desire to live there.
Lee County market has tempered somewhat in 2019 after a series of superlatives
Fort Myers represents the largest and most dynamic commercial real estate submarket in Southwest Florida, and one of the fastest growing areas in Florida and the U.S.
Fed Cut Looks Less Urgent After Pickups at Stores, Factories
U.S. stores and factories reported a pickup in activity last month, suggesting the economy is humming along without an urgent need for the Federal Reserve to cut interest rates.
Featured Article: NAIOP 2019 Real Estate Forecast
So, regardless of your role in the CRE industry, which commercial real estate trends should you be on the lookout for this year? The experts at Valbridge are here to break down the top commercial real estate trends 2019. Let’s take a closer look at what you should expect, and which movements you should definitely keep on your radar.
Commercial Real Estate Trends to Look For in 2019
This is a summary of the January 17, 2019, meeting of the Chicago chapter of NAIOP, the Commercial Real Estate Development Association.
Another Hardy deal for commercial developer
Alico ITEC Park Developer Paul Hardy talks about how the park came to be with a just the right set of circumstances.
Progress Reported at Alico ITEC Park in Fort Myers
The Alico ITEC Park is making more headlines, this time in Suite Life Magazine. Read about our progress, what’s to come for the park in 2019 and what else is being developed in that location of South Fort Myers.
Multifamily, Retail REITs Might Outperform Expectations This Year, Says Nareit’s Calvin Schnure
Nareit SVP of Research Calvin Schnure dismisses concerns over the possible end of the real estate cycle.
The Alico ITEC Park making headlines in the Naples Daily News
The Alico ITEC Park will make its official debut the first of the year with our property fully platted and our on-site office occupied full-time.
Alico Road Widening has Commenced
The biggest news for everyone in the explosive Alico Road/Ben Hill Griffin Parkway corridor is the presence of Tomahawk road barriers. The Alico Road widening project from Ben Hill Griffin Parkway right to the Alico ITEC Park entrance has officially commenced and clearing is already underway. Click below to see the informational letter from the LCDOT.
Student Housing Developers Increasingly Turn to Public-Private Partnerships
We’ve had some interest in one of our properties for student housing, so this article caught our attention. With a growing university here in SWFL, we may see this section of the market taking off.
Homeownership for older Millennials quickly becoming a thing
Don’t sleep on the Millennials! They’ve been living at home with their parents longer, so they’ve been saving their money for longer, and like the idea of purchasing a home. Plus, they’re getting married and having kids now, too (they range from 22-37 years old in 2018). This is the beginning of what will be years of this age group flocking to enter the homeownership club.
What will be the hottest CRE marketing trends of 2020?
According to some top researchers, the next 10 years of development in technology will surpass everything that’s been done in the last 100 years. This article emphasizes how the real estate profession will be impacted…**spoiler alert** be ready for virtual reality to become the standard.
If You Build It…Spec construction fills industrial’s quality assets gap
Large industrial space is becoming harder and harder to find in Southwest Florida. We hear that all the time from prospects for the Alico ITEC Park. According to this article, there’s no letting off the gas when it comes to the demand on industrial as shopping continues to move from brick and mortar to online.
Realtors® Express Confidence in Commercial Real Estate, See a Stable Year to Come
The slowdown is coming, or is it already here? According to this article we still have a little more steam left for another stable year of growth, although doubtfully expected to be at the rate we’ve been experiencing.
The Top Countries Investing in U.S. Commercial Real Estate
You may be surprised by the numbers here. China, has fallen down the ranks, while France has moved up 10 spots in the last two years.
Will Automation in the Warehouse Sector Affect Real Estate Needs?
The pool of warehouse workers is shrinking and becoming more expensive to employ. Automation is being used by companies like Amazon to cut costs and increase production. According to this article, that could greatly affect site selection for warehouses and open up land possibilities that were once never considered.
Four homebuilders expect to construct total of 1,000 homes at WildBlue on Corkscrew Road
Check out our neighbors just to the south of the Alico ITEC Park, on the south side of Alico Road. Lennar Corporation, Pulte Homes, Stock Development and WCI Communities have already started churning up the dirt at WildBlue, and Lennar and Pulte expect to have model homes ready in a few months.
Everyone Is Talking About Adding Resi To Retail. Here’s How It Works In Practice
We see this a lot in downtown Naples and Fort Myers, but could this structure work in other areas in SWFL?
Builders Respond to Growing Interest in Green Homes
It’s not a trend anymore, many communities (even in SWFL) have green aspects that come standard on new homes.
How Artificial Intelligence Benefits Commercial Real Estate Investors
Do you think this is here to stay or just going to be a fad? Is Southwest Florida ready for AI in commercial real estate?
International Builders’ Show
Robots: An Answer to Labor Shortages, High Lumber Prices?
Lee and Collier County have certainly experienced the issue talked about in this article; more and more construction workers are retiring or aging out while a lesser number of men and women enter the field. Could this be in the future for Southwest Florida?
Reaching Out to First-Time Home Buyers
“Recent data from the Census Bureau confirms that millennials are increasingly entering the housing market as first-time buyers. The homeownership rate of millennials – now at 35.3% – registered the largest gains among all age groups in 2017.”
News ‘Silver Tsunami’ Of Aging Seniors To Change Approach To Healthcare, Housing
According to this article, we’re just a few years away from the U.S. having the most ever seniors in history, greater than any other generation alive. We keep talking about the demand this will have on cities for housing and healthcare, but this shows it black and white where the resources will go.
Why Foreign Investors Love U.S. Commercial Real Estate, And Why More Will Follow
According to this article: “A significant amount of this capital is flowing to commercial real estate (CRE), which continues to be the sector of choice for many foreign investors. International investors have purchased more than $365 billion in U.S. CRE since 2010.” Let’s hope this trend keeps going!
Fort Myers ranked as top growing U.S. city!
Not in the region, not in the state…IN THE WHOLE NATION! Southwest Florida has been a secret for many, but cat’s out of the bag now. We have so many opportunities for those looking to get in on the action from large developments like The Estates at Entrada, to smaller communities in the Gateway area where growth has been on fire. Not to mention the Alico ITEC Park, our business/industrial park to accommodate your growing business!
Development Realty is happy to announce its latest sale of 10.66 acres of commercial/industrial land near the corner of Collier Boulevard and Interstate 75 in Collier County. Check out our other commercial property listings here.
Grad student studying solar is a maker in the making
One of the huge benefits to the location of the Alico ITEC Park is that we have FGCU’s Emergent Technologies Institute as our neighbor. We’ve toured the 25,000 square foot incubator space and had the opportunity to meet the student in this article. He is certainly someone to watch.
The Alico ITEC Park is platted and ready to sell!
Our plat for Phase 1 of the Alico ITEC Park has been recorded with the county! Check the link below to go straight to the park’s website for comprehensive due diligence, ITEC updates and more!
How will sea level rise affect your home? Miami is creating a tool that will show you
Every year it seems flooding gets worse in Florida during the rain-drenched summers. Maybe it actually is, and this tool can give you some indication why, how bad it will get and how to make changes to lessen the impact and likeness of water damage.
The Future of Housing Is Here and It Will Be 3D Printed—on Earth and Mars
We were posting this article just because it’s an interesting read, but in reality, 3D printing is big business. Could this home withstand hurricanes and harsh sun and weather in Florida? Probably not, but doesn’t mean it won’t in the future.
Senate-Passed Banking Bill Could Ease Tight Credit Conditions
The Senate passed bipartisan legislation yesterday by a vote of 67-31 on a bill that would help ease tight credit conditions that are hindering the momentum of the housing industry.
Old School Investors Bring New Flavor To Non-Traded REITs
Institutional players are causing non-traded REITs to make a comeback.
Multifamily REITs Focus on Garden-Style Apartment Communities
Multifamily may be slowing, but there’s one product REITs seem to be eyeing.
Homebuilder buys Corkscrew Road land for $27.5M
We are very excited to have such a unique community to SW Florida right across from our newest project, the Alico ITEC Park. Check out the latest on WildBlue and take a look at the lakes the development boasts, highlighted in our ITEC Brochure at AlicoITEC.com.
10 states predicted to have strong housing markets in 2018
Florida always falls somewhere on this list, but can it last in 2018? Take a look and find out.
Why Real Estate Owners, Investors Are More Inclined To Use Bitcoin For Property Transactions
With the fluctuation of the Bitcoin, the idea that it would be used for real estate transactions may seem a little crazy to people. But, apparently it’s already happening, even at the level of fast food chains.
Alico ITEC Park Hyrdoseeding
We have a lot to announce at the Alico ITEC Park in the coming weeks. We just got done hydroseeding the park, take a look.
Naples Zoo Adds Solar Panels to Parking Lot
Our newest development project, the Alico ITEC Park, is not only going to shatter the image of unappealing industrial/business parks, but we’re also going to be eco-friendly too. We’ve been looking at a lot of designs for a solar carport. (Check out ITEC Developer Paul Hardy buying solar panels for the project in our October post here.) We want something sleek with clean lines and can withstand 150 MPH winds. This new solar parking canopy at the Naples Zoo pretty much hits the mark, take a look.
11 amazing real estate facts to entertain your brain
We just needed a little chuckle to end the month on.
New Financial Incentives to Build in North Fort Myers (Lee County)
Earlier this month the Lee County Commissioners approved a list of financial incentives with the hopes of encouraging redevelopment in an area that’s brimming to see the boom its southern neighbors have had, North Fort Myers. NoFo, as it’s sometimes referred to, is starting to see some action because, frankly, there’s not a lot of options for affordable housing in SW Florida. If people aren’t moving farther inland than they’re going farther north. Tripadvisor has thousands of reviews on restaurants and things to do in North Fort Myers. While Wikipedia tells me it’s had a handful of famous people come out of the region. We sold a parcel of land to D.R. Horton just neighboring NoFo and it’s being built and sold on the double. Which leads to me our current North Fort Myers parcel of land, zoned for more than 3,000 units, and the article below that tells you all about the incentives to build there!
Generational Trends Among Home Buyers and Sellers?
Baby boomers, Gen X, Gen Y, Millennials…Did I miss any?! Sheesh! There’s a lot of different types of buyers in the market right now if you look at more than just the ages in these groups. They all have different values, preferences, desires and buying power. This article breaks some of that info down, specifically concentrating on the newer buyers coming into the market.
Valbridge Property Advisors: Southwest Florida Commercial Markets Year-End 2017
Valbridge Property Advisors out of Naples has some pretty good news in its year-end evaluation of the commercial markets in Southwest Florida. Retail vacancy rates improved, industrial is at 100% occupancy in many areas and can you guess what area of Lee County has the highest multifamily rental rates? Read all the details in Valbridge’s report below and on their website.
Foreclosed homes dip to 12-year low
Florida is really seeing some major drops in foreclosure rates!
How the Government Shutdown Could Affect Housing
We’re still in government shutdown mode at the time of this posting, the morning of January 22nd. News outlets have made aware how a government shutdown affects the average citizen; i.e., state parks are closed, passport offices closed, etc. But, how does the shutdown affect the housing market? More ways than you may think! Take a look at this article to read more.
Raising the roof: Will demand push industrial development to new heights?
Here’s more on the industrial development spike. This article specifically talks about populated urban areas like Miami seeing multistory warehouses. We may not see that exact type of building trend in Southwest Florida, but you can count on industrial development. In fact, it’s already happening, check out the Alico ITEC Park.
2018 Outlook for Top 4 Commercial Real Estate Sectors
According to this report, some commercial real estate sectors are about to level off or decline even, while sectors like the industrial land market are still on fire. Check out the Alico ITEC Park if you’re looking for industrial land.
Hamman talks North Fort Myers revitalization
North Fort Myers, or as the locals lovingly call it, NoFo, needs an invigorating kick in the rear and it may soon get it. The area hasn’t seen the economic growth that other parts of Southwest Florida have gained from. To be honest, it kind of has a stigma (hence the name NoFo isn’t that appealing). Commissioner Brian Hamman says the county is taking this on in the hopes of bringing more than just gas stations and storage units to the area. We’re all on board, check out the Estates at Entrada to see more.
$500B Smart City Under Construction Could Change The Course Of Human History
Here’s a read just for fun, a smart city twice the size of the state of New York is in the works. According to the development’s website, the city will have its own tax, labor laws and legal system, “Neom is positioned to become an aspirational society that heralds the future of human civilization.”
Lack of Market Clarity Will Amplify Focus on Specific Asset Classes
I’ve read a lot of updates lately on where commercial real estate is currently at in its cycle. This article says something I’ve yet to see so far, that it really depends on which market you’re talking about. Multifamily is in a different spot than senior housing, and each is in a different spot from single family. Here’s a little break down on a few markets that are worth the quick read.
How CRE Investors Could Cash in On the Tax Bill
There’s good and bad news for commercial real estate when it comes to the massive tax overhaul President Trump signed into effect. From putting more cash in your pocket to negatively affecting borrowing, here’s some in-depth information.
Hotbed of Innovation – Why Southwest Florida is attracting creative startups by young entrepreneurs
The first few lines of this article perfectly sum up our area, “No one is really confusing Southwest Florida with the next Silicon Valley”, lol. Could this idea change in the near future though? I’m sure a lot of people would like to see Southwest Florida be home to less traditional businesses. We’ve been at the top of national lists for areas poised for growth, so maybe we’re at the tip of the iceberg on what’s about to happen.
SBA Lowers 7(a) Equity Requirement
The Small Business Administration is saying ‘Happy Holidays’, here’s your gift: Lower equity requirements for its most popular loan type. This may create a nice little boost for small businesses across the nation, helping them grow in 2018.
Economy looks good — mostly
FGCU research group says Lee County is slowly still making a comeback, but this article also focuses on one major sector of business that seems to be the elephant in the room in this county. A lot of areas in the state with our same demographics have realized something very important that can’t be ignored for growth: young, startup companies. It’s a different time than it was when many of the forefathers of development in Lee County were beating the pavement for business. Rightfully so, many are wary after the bubble burst, but not capture this group of economy movers and shakers would be an opportunity lost.
Commercial Real Estate Displays Signs of a Maturing Cycle
Let’s take a look back at 2017, where we’re at in the commercial real estate cycle and what direction the economic influencers will be he headed.
Why CRE will look totally different in 5 years
Let’s go back to 2012 in commercial real estate, although I’m sure many would prefer to burn that thought. The industry was still waist-deep in a recession, with no idea when a recovery would be made, or how long it would take. Commercial real estate was full of short sales and foreclosures. There was no building going on, and if you owned commercial property, you likely had an impossible time finding a buyer. Nearly everyone lost money, and many lost everything. Now, let’s come back to the present where, even though things haven’t completely turned around and many are still wary of the market, it’s still a much better place than where we were 5 years ago. It just goes to show how much CRE can change in 5 years, and if you don’t think there are big changes coming in the next 5 years, you may want to read this.
What Apartment Renters Want
In Southwest Florida, you can’t go more than a few miles without seeing a new apartment complex being constructed. Apartments going on the market now, versus apartments 10 or more years ago look quite different. With new technology introduced almost daily, and a large share of the rental market taken up by Millennials, there’s a new list of apartment must-haves that span farther than a washer and dryer in unit.
6 Ways Millennials Are Influencing The Multifamily Market Of The Future
You just can’t escape Millennials, they’re about to take over everything simply based on sheer size. In fact, it’s projected there will be 70 million of them come 2024. Their influence on the multifamily market may be slight now, but it’s just a matter of time before it’s the only influence that will matter.
Why energy efficient investments will be huge for CRE success (Check out ITEC!)
Being eco-conscious used to be looked at as trendy and expensive. Costs to lower your carbon footprint in commercial real estate have come down considerably, and it’s no longer a trend, it’s a must as far as we’re concerned.
First Southwest Fla. community says yes to tiny homes
30-year mortgage rate falls below 4%
Passenger count soars year-over-year at RSW airport
Development Realty’s Newest Property, ITEC, making headlines
U.S. consumer confidence hits 15-year high
BUYING WHILE DIVORCED: WHAT YOU NEED TO KNOW TO MOVE FORWARD
Lee County Single Family and Commercial Activity Up
Fla. homebuyers 11 years older than the U.S. average
Builders to push entry-level market in 2017
3 Crucial Reasons You Should Buy a Home Before 2017 Ends
Strong fundamentals signal surge in South Florida industrial markets
FHA lowers borrowers’ mortgage insurance premiums
Older adults face housing troubles
Florida Dominates the List: Top 10 Cities Everyone’s Moving to in 2017
Here’s Your New Year’s Resolution: Buy a Home Early in 2017
6 Killer Mistakes You Can’t Afford to Make When Buying in the Winter
Why SWFL residents are moving east: “Out of reach: Many workers can’t afford a home in Southwest Florida as area booms”
Senior living options in Southwest Florida are expanding
Villages at Entrada sold to D.R. Horton
5 Reasons Buying A Tiny House Is A Mistake
The 10 Best Cities For Future Job Growth
D.R. Horton purchases 317-acre The Villages at Entrada
HOW GROUPS ACROSS THE COUNTRY ARE PARTNERING WITH, CONCEDING TO, OR BATTLING NEIGHBORHOOD GROUPS
Tight Housing Inventory Restraining Home Sales, But Builders May Shift Emphasis to Entry-Level Market
Leaders in Lee County plan for projected population boom
Cape Coral & Ft. Myers tied for 1st for best markets for real estate investing
Lehigh Acres ranked #3 for 2016’s Fastest Growing Cities
Why housing doesn’t care about the Fed
U.S. homebuilder sentiment hits one-year high
Florida home builders WCI and Lennar agree to merge
More renters staying in apartments as prices rise
8 real estate tech startups
REITs leaning on technology in portfolios
8 Things That Can Push Your Insurance Rates Through the Roof
Senior-Care Business Booms for Franchisers
Could Millennial Homeownership Be on the Rise?
Renovation ideas that owners may want to rethink
Real estate market returns to earth
Realtor.com sprinkles Yelp data onto listings
5 Tips For Choosing The Right Neighborhood
Florida housing numbers for june look good
Florida jumps to No. 10 best state for business
See why Florida ranks No. 1 for gross income in U.S.
SWFL Employment Health Rankings
National homebuilder invests nearly $35 million to acquire new property
U.S. mortgage rates nudge up, still near 3-year low point
More passengers traveling through RSW
8 critical trends in real estate
7 things to know today, plus how many construction jobs were added in May
How International Issues Affect Foreign Investment in U.S. Real Estate
The CRE 2016-2017 Top Ten Issues Affecting Real Estate
construction workers needed to keep up with building demand
if you’re not marketing your Florida real estate to this group, you should be
Questioning a remodel? You may want to read this.
Seven Property Types to Invest In This Year
Buyers seeking north cape coral and lehigh acres
Great booklet All about living, doing business and things to come in Lee County
biggest gain for new U.S. SF home sales in 24 years
Curbside Signs still a necessity in a digital world
Want Global clients? Realtor.org rolls out new tools
U.S. Census Bureau: Fort Myers & Bonita Springs Lead Florida’s Growth
We’re on Facebook, check us out!Link
How much the november election results could affect real estate
New Caps for Fannie and Freddie Should Help Drive Growth in Multifamily Sales in 2016
CRE tech companies leading the way according to new forbes survey
via forbes.com (download “CIT Commercial Real Estate Outlook: Key Findings” in article for full details)
South Florida Multifamily Construction Hitting a High Note
More Than half of renters plan to keep renting
via asrreport.com 4/29/16
7 things to know today, plus why housing market has Florida buyers optimistic
via bizjournal.com 4/29/16
2016 First Quarter Market News
In this newsletter learn what cities Forbes lists as the top markets to invest in for 2016. Plus, find out why the industrial sector is so hot with investors right now.