Real Estate News
Summary: Gov. Ron DeSantis signed a broad Florida “farm bill” (SB 290) that, among other things, prevents cities and counties from banning gas-powered equipment like leaf blowers, though they can still encourage alternatives. The law also adds new rules such as...
Real Estate News
Summary: Amazon purchased 232.73 acres near I-75 in Charlotte County (Jones Loop Road, Punta Gorda) for $20.14 million. The company hasn’t disclosed its plans, with all parties under an NDA. Based on past activity—like a 650,000 sq ft robotics fulfillment center in...
Other News
By Saeed Azhar, Anirban Sen, Mike Spector and Shivansh Tiwary Summary: First Brands, a U.S. auto-parts maker, filed for Chapter 11 bankruptcy with at least $10 billion in liabilities and up to $10 billion in assets. The company secured $1.1 billion in financing to...
Other News
By Louis Llovio Summary: Blackstone Real Estate Group has purchased the Sunseeker Resort in Port Charlotte from Allegiant Travel Co. for $200 million, far below its $600M+ construction cost. The resort has been renamed Sunseeker Resort Florida Gulf Coast, Curio...
Real Estate News
By Linda Moss CoStar News Summary: U.S. apartment rent growth stalled in July, with more than half of the 50 largest multifamily markets seeing month-to-month declines. The national average rent held steady at $1,717, marking the sixth straight month of flat or...