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Industrious industrial: An 83,500-square-foot industrial property has sold in Naples for $17 million. The property, bought by an LLC with a suburban Chicago address, is at 4110-4120 Enterprise Ave. Fort Myers-based commercial real estate firm LSI Cos. brokered the deal. The firm says this is first time the property has changed hands since the previous owner, Naples Industrial Estates, built it in 2000. As for the buyer, the address listed in the state’s Division of Corporation’s database matches that of Venture One Real Estate. Venture One is based in Rosemont, Illinois, and has an office in Miami. It owns at least one other property in Florida, a 61,950-square-foot industrial building in Clearwater.
Inside inside baseball: The way properties are developed in Southwest Florida is changing. In its end-of-year newsletter, the Real Estate Investment Society, a local industry group, laid out the new rules localities in the area have adopted — or are adopting. Most observers agreed that after Hurricane Ian in 2022, building guidelines and rules had to change to better prepare for future storms and to manage the rebuild. There is also the reality of rapid growth in the area and the need to adjust for the demand it's putting on communities. Here is what REIS reported is happening:
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