Sebastian fish house deal sinks In County Commissioner Wesley Davis’ effort to buy and preserve longtime commercial fish houses, Capt’n Butcher’s Floodtide Marina and Seafood may be “the big one that got away.” “I pulled the plug,” property owner Harold Adams said Thursday. He said he called off the deal on his 2.8-acre Capt’n Butcher’s …
Category Archives: Commercial Properties
No options in Bonita [South Florida]
No options in Bonita [South Florida] Apartment hunting? Don’t go to Bonita Springs, because there aren’t any. As for the rest of south Lee, the trend of apartments converting to condos is starting to catch on. Searching for an apartment complex in Bonita Springs doesn’t take long. There aren’t any. While the booming real estate …
Glut keeps rental rates down
Glut keeps rental rates down Think the auto industry is tough? Try the office market. Back in the mid-’80s, developer Peter Burton built the Arboretum office park in Farmington Hills and advertised space at the going rate of $18 per square foot. Today, in an office market awash with high vacancies and low demand, the …
Businesses lose property insurance [South Florida]
Businesses lose property insurance [South Florida] Business owners in Gulf Breeze may want to head for higher ground if the property insurance market for the area remains the same. Some carriers are refusing to renew commercial insurance policies or write new ones. “I had a commercial wind policy and it will not be renewed. I …
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Nonprofit Market Creek Plaza offers Diamond district residents up to a 20% investment stake
Nonprofit Market Creek Plaza offers Diamond district residents up to a 20% investment stake Neighbors of the 10-acre Market Creek Plaza in southeast San Diego are being offered a piece of the action. The nonprofit owner of the shopping center on Euclid Avenue, just south of Market Street, has developed an investment plan that will …
Worries creep into commercial lending [Southern California]
Worries creep into commercial lending [Southern California] O.C. is in a strong position, but there are some fears about borrowers defaulting. Commercial lending is booming as developers rush to keep pace with the demand for office buildings and malls, but some lenders are starting to worry. Lenders and investors in mortgages are losing their enthusiasm …
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