Jul 15, 2025
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 housing, commercial space, and a daycare facility. Residents, particularly those in nearby Valencia Trails, raised concerns over increased traffic and density, urging the county to maintain a more conservative development plan. In response, developers scaled back the project: reducing commercial space by nearly 8,000 sq ft, removing the daycare, and replacing 129 for‑sale homes with 205 rental units—30% of which are income-restricted—with officials noting this change could reduce daily vehicle trips by as many as 3,000. Commissioners acknowledged the need for workforce housing while emphasizing the importance of addressing traffic challenges along the already congested Immokalee Road.
Jul 10, 2025
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 losses but recently improved, attracting Blackstone’s investment. The sale closes in Q3.
May 8, 2025
Luxury labels like Mercedes-Benz, Dolce & Gabbana and Baccarat now lend their names to condo projects, letting developers pre-sell “branded residences” to fund new five-star hotels at a time when banks are wary of hotel loans. Buyers pay a premium for the cachet and perceived quality, brands collect naming-rights fees, and developers secure cheaper capital—making these condos the financial linchpin for high-end hotel construction in hotspots such as South Florida and Dubai.
Mar 4, 2025
The Trump administration has significantly accelerated its pace of terminating commercial real estate leases for federal agencies, with over 500 new lease cancellations since Friday, now covering all 50 states. This move, led by the Department of Government Efficiency (DOGE), aims to reduce government expenses, affecting around 10% of active federal leases. While many terminations are for leases that had reached their termination rights date, some are for agreements with years remaining. The rapid cancellations are causing disruptions in the commercial real estate market, with potential long-term effects on property owners, service providers, and competition. The initiative could also lead to higher rents and more difficulty financing future government leases.
