2023 in deals: Big apartment sales, big Publix spending, big farms hit market

Despite worries about macro challenges, commercial real estate remained strong across Florida's Gulf Coast in 2023.


  • By Louis Llovio
  • | 5:00 a.m. December 28, 2023
  • | 0 Free Articles Remaining!
The site of the Red Coconut RV Park, historic piece of land on Fort Myers Beach, has sold for $52 million.
The site of the Red Coconut RV Park, historic piece of land on Fort Myers Beach, has sold for $52 million.
Courtesy photo
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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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