Southwest Florida Witnesses Record-Breaking Industrial Sale

By Nathaniel Rhoad CoStar Research Summary: McGarvey Development Company, a comprehensive construction and real estate firm, sold Centerlinks Business, which includes nine industrial warehouses. Totaling 453,940 square feet on 41 acres, the park is located at 16770...

Fort Myers, Florida, industrial park with Fortune 500 tenants sold by Chicago-based developer

Other News

By Joshua S. Andino CoStar News Summary: Glenstar Logistics and Columnar Investments have sold Tri-County 75, a 72-acre industrial park in Fort Myers, Florida. The park consists of four buildings totaling 818,000 square feet and is 95% leased to multiple Fortune 500...

Citizens has higher reserve levels for problem office loans than similar banks

Other News

Summary Citizens Financial reported strong Q3 earnings despite facing various challenges, highlighting resilience in its performance. The bank showcased improved revenue and loan growth, driven by strategic initiatives and effective cost management, while addressing...

Back-to-back hurricanes may have lasting impact on Tampa Bay multifamily market

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Summary: Hurricane Milton made landfall on October 9 near Sarasota, causing heavy rainfall and flooding across Tampa Bay, particularly in Pinellas and Hillsborough Counties. This followed the devastation from Hurricane Helene, which brought significant storm surges...

Hurricane Milton’s commercial property threat; Government mulls Google breakup; Strike brings light toll on ports

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By Lou Hirsh and Mark Heschmeyer CoStar News Summary: Hurricane Milton threatened over $1 trillion worth of commercial property in Florida, with more than 235,000 properties at risk of exposure to dangerous winds. The storm’s path included 44,122 industrial...

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Area News

Florida Expands Legal Accreditation: What It Means for Investors & Business Owners

Synopsis The Florida Supreme Court has ended its exclusive reliance on the American Bar Association (ABA) to determine which law school graduates may sit for …

Nearly 9,000-Home Winchester Ranch Development Moves Forward — What Investors Need to Know About Southwest Florida’s Next Growth Engine

Southwest Florida continues to emerge as one of the nation’s most attractive regions for real estate investment, and the latest movement on the Winchester Ranch …

First Brands files for bankruptcy, revealing billions of dollars in liabilities

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 …

Port Charlotte resort gets new name as $200M sale closes

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 …

US apartment rent growth flattens in July

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 …

The Fed is starting to worry about the housing market now

The Federal Reserve’s latest meeting minutes revealed new concerns about the housing market, which has been dragging down economic momentum. Policymakers noted weakening demand, falling …

Florida now permanently exempting sales tax on everything from batteries to bike helmets

Starting August 1, 2025, Florida now offers a permanent sales tax exemption on items like batteries, bike helmets, sunscreen, generators, and life jackets. These were …

Collier County approves NC Square project, residents voice traffic concerns

Collier County commissioners have approved the 24‑acre “NC Square” mixed‑use development at the southwest corner of Immokalee Road and Catawba Street, reshaping the site into …

Port Charlotte’s Sunseeker resort sold for $200 million

Allegiant sold the Sunseeker Resort Charlotte Harbor to Blackstone for \$200 million, aiming to refocus on its airline business. The \$695M resort faced delays and …

Driftwood Capital’s new luxury and lifestyle division will seek hotel deals domestically and overseas

Driftwood Capital has launched a new Driftwood Lifestyle & Luxury Division (DLLUX), focusing on managing, investing in, and developing luxury and lifestyle hotels and branded …