Tag Archives: sarasota

South Florida investor pays top dollar for Venice apartment complex

South Florida investor pays top dollar for Venice apartment complex

By Michael Braga , Herald-Tribune

A New York City company managed by Gideon Z. Friedman, sold the 247-unit Monterrey Apartments complex at 1001 Center Road in Venice to a subsidiary of Advenir Inc. for $24.5 million.

Friedman’s company paid $11.55 million for the 19-building complex in June 2011.

It sold for $14.1 million near the height of the boom in December 2005.

For complete article, CLICK HERE <——–

Serenoa Golf Club fetches $3.3 million

Serenoa Golf Club fetches $3.3 million

by Michael Braga and  via Herald Tribune

A Sarasota company has bought the 233-acre Serenoa golf course and its 10,220-square-foot club house near Clark Road and Interstate 75 for $3.25 million.

The buyer was Serenoa Holdings LLC, a Sarasota company managed by Jon Whittemore that financed the purchase with two loans totaling $2.83 million from Sabal Palm Bank, records show.

The seller was Serenoa Golf Club LP, an Austin, Texas, company managed by J. Michael Ussery, that bought the course out of foreclosure for $2 million in December 2012, records show.

For complete article, CLICK HERE <—–

Apartments For Sale

Apartments For Sale

2/27/2015

IMG_6856[1] goldengate property image

All inquiries will be required to sign a confidentiality agreement.

32-units – Sarasota, FL   (Close to Airport)

18-units – Sarasota, FL   (Just North of Downtown Sarasota)

13-units – Sarasota, FL    (Located near Marina Jack’s, Downtown, Bird Key, Lido)

13-units – Ft. Myers, FL  (On the River)

11-units – Sarasota, FL   (Great location)

11-units – Rotonda West, FL   (Luxury Units – Quality Construction)

10-units – Bradenton, FL   (Great 1031 exchange opportunity)

8-units – Sarasota, FL   (Near Gillespie Park)

7-units – Sarasota, FL    (Laurel Park Area)

4-units – Sarasota, FL    (Gateway to Siesta)

Contact Sean Dreznin at sean@ian-black.com or (941) 961-8199 for more information or to request a CA.

Walmart proposed for Clark Road & Honore in Sarasota

Walmart proposed for Clark Road & Honore in Sarasota

By Justine Griffin, Herald-Tribune

The Sarasota County Development Review Committee will discuss a plan for Walmart to open a new store at Clark Road and Honore Avenue, according to the committee’s March 5 agenda.

The Walmart store, which is likely a Walmart Neighborhood Market, is proposed to open at 5401 Palmer Crossing Circle, in the former shell of a Sweetbay Supermarket. The grocery space in the shopping plaza, which also houses a Bealls department store and OfficeMax, has been vacant for years.

The neighborhood market formats are smaller than traditional Walmarts and offer food, pharmacy and beauty departments similar to other supermarket chains like Publix and Winn-Dixie.

For complete article, CLICK HERE <——

On the other side of our real estate market… Vue sales hit $85 million

rendering via Herald Tribune of the Vue and Westin

By John Hielscher , Herald-Tribune

The Kolter Group says it has placed under contract half of the condominiums in the 141-unit Vue Sarasota Bay, now under construction at Gulfstream Boulevard and U.S. 41.

That represents more than $85 million in advanced sales for the 18-story project, which is slated to open next year, the developer said.

Residences at Vue are priced from the $800,000s to penthouses at $2 million.

“To be half sold-out at this point not only demonstrates significant buyer acceptance but also underscores the tremendous pent-up demand for contemporary design in the Sarasota market,” said Bob Vail, president of The Kolter Group.

Vue is part of a $300 million project that also will include an 18-story, 255-unit Westin Hotel at the bayfront site.

Click Here <—- For John’s complete article

Zombie homes still haunt our market

Zombie homes still haunt our market

By  via Herald Tribune

They are the foreclosures that just won’t die.

Florida continues to be national leader in zombie foreclosures — homes in the foreclosure process that were vacated by their owners before the lenders took over.

The Sarasota-Manatee region ranked 21st among major metro areas in January with 1,196 zombie foreclosures, or 30 percent of all the homes currently in the process, according to real estate researcher RealtyTrac.

While that is 839 fewer “walking deads” than a year ago, it represents a higher percentage than the 25 percent zombie foreclosure rate reported in 2014.

Despite a one-third decrease over the year, Florida still reported the most zombie foreclosures with 35,903 as of last month, or 25 percent of the national total. They accounted for 26 percent of all foreclosures in the state.

Nationwide, homeowners abandoned 142,462 properties prior the bank repossessing them in the past year, representing 25 percent of all active foreclosures.

The total number of zombies declined by 6 percent over the year, but the share increased from 21 percent.

Click Here <—–  For complete article

Detwiler’s Farm Market opens in Parkway Collection center in north Sarasota

Detwiler’s Farm Market opens in Parkway Collection center in north Sarasota

BY JAMES A. JONES JR. via Bradenton.com

SARASOTA — It had been the buzz in the neighborhood for months that Detwiler’s Farm Market was coming to the Parkway Collection shopping center at Lockwood Ridge Road and University Parkway.

Thursday, the new Detwiler’s store, the family’s third and by far the largest at 29,000-square-feet, opened and was immediately jammed with smiling customers.

“I like it, it’s a lot bigger than the other Detwiler’s. You can’t find better produce. They have the best lunch meat and best vegetables,” said Doug Shippee of Bradenton.

The new Detwiler’s is located in space formerly occupied by Sweetbay supermarket. Next door, also in the former supermarket space, is a new Miller’s Dutch Haus Furniture, which opens Friday.