Archive for September, 2009

Extension of Estero Parkway will offer easy access for residents

Contributed by Tani Hurley Public Relations   Naples News
ESTERO — As the new Estero Parkway extension nears completion, residents in neighborhoods along the Parkway will find themselves minutes away from entertainment, education and shopping — all without the hassle of crossing Interstate 75.
“The new extension of Estero Parkway provides an overpass that links the road [...]

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Home resales rose nearly 40 percent in August in the Naples area

By LAURA LAYDEN Naples News
Summer has been hot for Naples Realtors.
August brought another busy month, with home and condo resales up nearly 40 percent.
A monthly report by the Naples Area Board of Realtors shows 545 total sales in August, up from 395 in the same month a year ago.
The report tracks Realtor sales made through the [...]

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No deal: Shadow Wood, Commons Club members at The Brooks call off agreement to purchase clubs

By LAURA LAYDEN  Naples News
Members are calling off an agreement to buy the Shadow Wood and Commons clubs from the Bonita Bay Group for $8.3 million.
New demands from the developer have killed the deal, said David English, president of the Shadow Wood Country Club in Estero. On Sept. 8, Tim Boates, Bonita Bay Group’s restructuring officer, [...]

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Home Buyers Are Losing Bargaining Power: 5 Things to Know

By LUKE MULLINS US News
As the housing market shows signs of stabilization, home buyers are seeing their leverage over sellers dissipate, according to a new report from Zillow, a real estate information service. The report found that, nationally, buyers paid an average of 3.3 percent—or about $7,000—less than final listing prices in July, which is a substantially [...]

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Consultant: Fifth Avenue South could benefit from high-end chain stores

By ELIZABETH KELLAR Naples News
NAPLES — Some things don’t change. For example, many men don’t like to go shopping.  “As far as we can tell, men haven’t shopped for 4,000 years,” joked Robert J. Gibbs, president of Gibbs Planning Group, during a Thursday morning presentation to Fifth Avenue South about 50 business owners.
But some things do [...]

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Lee County home sales go boom in July

By LAURA LAYDEN Naples News
NAPLES — It was a bang up month for single-family home resales in Lee County in July.
Sales once again rose by more than 100 percent last month.
There were 1,570 sales, up from 768 in the same month a year ago, according to a report by the Florida Association of Realtors.
“This is not [...]

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August foreclosures down in Lee, up in Collier

By LAURA LAYDEN Naples News
Foreclosure activity slowed in Lee County in August.  In Collier County, it increased a bit.
A report by Irvine, Calif.-based RealtyTrac shows 4,133 foreclosure related filings — or one for every 88 households _ last month in Lee. That was down more than 26 percent from July.
In Collier, there were 1,137 filings, or [...]

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Rob Samouce: Are you prepared if fire sprinkler retrofitting for older high-rise condo buildings becomes a reality?

Naples News
There was a good condominium bill coming out of the 2009 legislative session that would have cleaned up some ambiguous insurance language contained in Chapter 718, Florida Statutes (the Condominium Act).
The bill (Senate Bill 714) passed 38 to 0 in the Florida Senate and 114 to 2 in the Florida House but was vetoed [...]

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Lee County foreclosures down in Aug.

BY DICK HOGAN   News Press
The number of foreclosures filed in Lee County in August fell to 1,692, down from 1,877 in July and 2,156 in August 2008, according to a report released today by the Southwest Florida Real Estate Investment Association.
In a separate report, permits were issued in August for 34 single-family homes in [...]

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Boat houses: Luxury condos have private elevators to slips below

BY DON MANLEY  News Press
Even a recession can be the right time to build if a project is sufficiently unique and has location on its side.
It’s that mindset that’s resulted in Ravenna, the newest neighborhood in the upscale Miromar Lakes Beach & Golf Club community in Miromar Lakes, near Estero.
Developer and builder Gulfshore Homes will [...]

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