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Providing Cutting Edge Data and Information on the Evolving Real Estate Market With Occasional Commentary
RECENT BLOG POSTS
The Retreat at Vista Lake is a 640-unit property built in 1990 and located in Fort Myers, FL. The Retreat at Vista Lake was acquired by TruAmerica~ SIENNA VISTA FEE OWNER LLC during the 3Q of 2017 for $66,000,000. Prior ownership completed renovations to the common area amenities and building ex...
02/19/2020
           Seller: SOF-X GS OWNER LP           SE GULFSTREAM ISLES GP LLC         Buyer: LURIN REAL ESTATE HOLDINGS XVI LLC    Current Sale Date: July 31, 2019 Sales Price: $109,000,000  Price per unit: $116,453  Prior Sale Date:10/05/2016Prior Sale Amount: $95,250,000.00 Price Per Unit: $101,76...
08/08/2019
According to the Lee County Clerk of Court Official Records, Channelside Apartments sold on August 1st, 2019 for a record $65,200,000.   Buyer: Riverside Sunshine Investments, a Delaware Registered LLCSeller: Channelside Apartments LLC Address and link to Lee County Property Appraiser: 15241-330 ...
08/06/2019
 CRE Cape Harbour Land LLC and CRE GS Properties LLC sold the vacant commercial tracts to LDC Cape Harbour Holdings LLC on February 27, 2019 . The amount paid for the properties according to Lee County Official Records is $4,555, 200.00. and $1,284,800.00.  The deeds were transfered by Tina Fisch...
03/04/2019
If your time to youIs worth savin'Then you better start swimmin'Or you'll sink like a stoneFor the times they are a-changin'. Bob Dylan I don't need to attend a fancy Market Watch event to figure out the cycle of real estate is changing, but I do enjoy listenin' to the Bob Dylan Song-The Times th...
02/21/2019
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, brokered the $21.3 million ($114,245 per unit) fractured sale of Cobblestone on the Lake, a 290-unit community in Fort Myers, Fla. The sale took place on February 7tth, 2019.  The deed transfer was handled by Charles S...
02/18/2019
The Riverwalk Apartments sold February 12, 2019 for $6,025,000Seller:   VICTORIA RIVERWALK LLCc/o DAVID BERNSTEIN 10800 BISCAYNE BLVD STE 735MIAMI FL 33161Buyer:  PEDCOR HOUSING CORPORATION 770 3RD AVE. SWCARMEL, IN 46032 The Riverwalk is an apartment community overlooking the Caloosahatchee Rive...
02/18/2019
Aslan Realty Advisors suggests this transaction is one that real estate professionals should be watching as a marker in the current real estate cycle.   Lee County, FL Residential Property Portfolio transfer: $9,430,059.00 Mortgage Amount: $22,761,000.00 Seller: RHA 2-SW FL LLC 3505 KOGER BLVD ST...
02/17/2019
NF II/CI FORT MYERS AIRPORT, LLC DBA Marriott Springhill Suites Fort Myers Airport located at 9501 Market Place Rd Fort Myers, Florida 33912 for $13,325,000.00 to SREIT CM FORT MYERS PROPCO, LLC. The transaction closed on January 11, 2019 according to the Lee County Clerk of Court. SREIT CM FORT ...
01/17/2019
BRE DDR BR NORTHPOINT FL LLC  an affiliate of Blackstone Real Estate sold the Northpoint Shopping Center located at 1811-1847 NE PINE ISLAND RD CAPE CORAL, FL to ALTO NORTHPOINT LP for $17,836,000.00 on January 10, 2019.  ALTO NORTHPOINT LP obtained a mortgage from Wells Fargo Bank in the amount ...
01/17/2019
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