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DEVELOPMENT
Money
talks at the Beach
Joe Yerkes and his Irish business partners paid $5.9 million
for a rundown marina on Fort Myers Beach just before Hurricane
Charley hit. They have spent a million more since then and
have plans for at least $5 million more of upgrades.
New
home permits surge
Lee County's new-home construction industry has weathered
the summer's storms from the looks of near-record housing
permit figures released Monday.
Renting requires financial maturity
Hurricane Charley made thousands of people homeless this summer in Southwest Florida, sending many to rental agencies and apartment buildings in search of places to live.
Estero acreage changes hands for $10 million
• Leandro International Corp. bought 52.8 acres of vacant land at 3851 Treeline Ave., Estero, from Michael C. Turkish Estate and Margaret Brady, trustee, for $10,198,000.
ON THE MARKET
J.L. Wallace gets contract to build clock tower
US Home/Lennar has awarded J.L. Wallace Inc. the contract to construct a stratospheric 48-foot clock tower.
NEW CONSTRUCTION
Mirasol's first building under way
Art Friedman, managing partner, Paradigm Mirasol LLC, said construction is now under way for the first building of Mirasol at Miromar Lakes, a gated luxury mid-rise condominium.
Newsmakers
• Naples Realty Services Inc. has announced the formation of ONESource Realty Inc., a new commercial real estate brokerage company in association with The Andrews Group, headed by Rebecca D. Andrews, associate broker. The office is at 4226 Del Prado Blvd. S. in Cape Coral and will concentrate on community redevelopment opportunities.
Playing catch-up on news, views and issues
This week's column features a potpourri of issues that affect
property owners and real estate professionals.
DEVELOPMENT
Money
talks at the Beach
Joe Yerkes and his Irish business partners paid $5.9 million
for a rundown marina on Fort Myers Beach just before Hurricane
Charley hit. They have spent a million more since then and
have plans for at least $5 million more of upgrades.
For more Real Estate articles search
our paid archives dating back to 1999.
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