Plant City apartments sell to NJ buyer for $31.6 million

Naples/Fort Myers

Lets lease: The Fort Myers real estate firm Mayhugh Commercial Advisors has started leasing space at a new 30,000-square-foot retail center in Cape Coral. The development will sit on Pine Island Road and SW 10th Place, near Skyline Boulevard. The center is to be called The Shops at Del Mar and will be made up of four one-story buildings, including drive-through units. Space in the development will range from 1,500 square feet to 19,000 square feet. Construction is underway and is expected to be complete by fall of 2024. The firm says the property's potential tenants have already started to show “significant” interest in the center.

Deal making: Call It Closed International Realty is getting into commercial real estate. The Naples cloud-based real estate brokerage has launched its new CRE division in Virginia and is looking for agents. The company chose the Commonwealth, it says in a statement, because its parent company has partnered with two brokers there. It is not clear when, or if, it will begin working with commercial agents in Florida. Call It Closed was launched in 2019 and bills itself as the “only national, cloud-based, 100% commission brokerage with a multi-tiered revenue sharing platform.” The company, on its website, says it charges agents fees in exchange for software tools, training and leads, among other benefits, and allows the agent to keep the full commission. According to a “Cost & Commitment” page on the site there is a one-time $199 startup fee; a $99 monthly fee; a $255 annual technology fee; and a $399 flat transaction fee.