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Higher interest rates and a tightening capital market may have slowed the region’s commercial real estate industry in 2023, but the deals kept coming. From Pasco County to Immokalee in eastern Collier County, developments were announced, land was sold and buildings of all sorts changed hands.
Car washes, storage facilities, shopping centers, office buildings, industrial sites, vacant properties all saw action. Two major resorts opened, a luxury hotel opened after Hurricane Ian shut it down for a year and two significant pieces of agricultural property hit the market.
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