The Southwest Florida real estate world just kept humming along for the first two-thirds of 2022. The pace of multimillion-dollar deals didn’t move as fast, nor were they as eye-opening, as one year prior. But the top deals across multifamily, office, industrial, raw land, retail and residential sectors will continue to reshape the region for years to come.
Apartment complex after apartment complex changed hands from one set of investors to another looking to cash in on the hordes of people choosing to live in Southwest Florida. Some wanted to leave cold winters behind them. Others wanted to be near the warm waters of the Gulf of Mexico. Still others wanted to take advantage of the new, work-from-home environment accelerated by the COVID-19 pandemic. Many simply wanted to live near family and friends. Or, all of the above.
And then, over the course of about eight hours on Sept. 28, Hurricane Ian destroyed some 20,000 homes and multitudes of waterfront hotels, resorts, restaurants and businesses. The coastal communities of Naples, Bonita Springs, Fort Myers Beach, Sanibel, Captiva and Pine Island and the Rotonda West area of Charlotte County will take years to completely recover.
To read more at Gulfshore Business, click here.