- June 5, 2026
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Hotelier first to close on Naples Beach Club condo
Phil McCabe, the hotelier behind the iconic Inn on Fifth in Naples, is the first person to close on a private residence at the newly reimagined Naples Beach Club. The real estate brokerage behind the deal for the unit at the new Four Seasons-branded resort did not disclose the full selling price, saying in a statement the purchase exceeded $20 million. McCabe initially put a deposit down on Jan. 31, 2021, more than a year before he sold the Inn on Fifth, and officially closed on May 5, says Gulf Coast International Properties. Formerly known as the Naples Beach Hotel & Golf Club, the Naples Beach Club, a Four Seasons Resort, is a 125-acre resort and residential property that includes a 216-room Four Seasons hotel, along with 153 private residences — 58 beachfront and 95 facing a golf course. McCabe, a prolific local entrepreneur, is probably best known as the founder and owner of the Inn on Fifth, which he sold for $156 million in 2022.
Retail parcel sells to burger chain developer
The final outparcel in a Fort Myers shopping center has sold and the new owner is planning to build a Culver’s restaurant on the site. LQ Commercial Real Estate, which represented the seller, says the 2.4-acre parcel is part of Summerlin Ridge at 16951 Pine Ridge Road, just off of Summerlin Road. The parcel sold for $2.1 million to Wisconsin-based S&L Cos., a Culver’s franchise group. LQ Commercial says in statement that the sale marks “the completion of the project’s retail leasing and sales efforts after seven years of strategic development and tenant placement.” Among the other tenants are Aldi, ABC Liquors, Heartland Dental and Tommy’s Express Car Wash. A timeline for the construction of the Culver’s has not been announced. LQ’s Bob Pekol represented the seller. Ty Hensley with Trinity Commercial Group represented the buyer.
YouTuber acquires office building
LSI Cos. has brokered the sale of 60,305-square-foot office building in Fort Myers. The property at 3650 Colonial Court sold for $17.25 million to an LLC with ties to Equity Management Partners in Largo. The firm is run by Tampa Bay area broker and YouTuber Ben Mallah. (The state’s Division of Corporations database shows the LLC and Equity Management share an address. Equity’s manager, according to the database, is Mallah.) The building was previously owned by Colonial Interstate Investments. According to Lee County property records, Colonial paid $1.3 million for it in 2004. LSI’s Justin Thibaut and Hunter Ward represented the seller. The buyer was represented by Ari Ravi of Ripco Real Estate.
Clearwater broker lands new assignment
Hold-Thyssen, a commercial real estate firm based in Clearwater and Winter Park, has been hired to manage two local properties totaling 251,000 square feet. One is a new assignment in Tampa and the other is the extension of an existing arrangement in Port Richey. Hold-Thyssen says the Tampa property is a 140,000-square-foot office building at 4931 George Road, just off the Veterans Expressway near Tampa International Airport. It sits on 12.36 acres and was built in 1998. The firm says in a statement that its work will focus “on operational stabilization and value enhancement for the property on behalf of lenders, investors, or future ownership.” In Port Richey, it will manage a 111,733-square-foot retail/showroom property at 6411 Tacoma Drive. The property just underwent an extensive hurricane-related renovation that included capital improvements. Hold-Thyssen says it previously served as court-appointed receiver for the property, “overseeing restoration efforts and operational continuity.” The firm, according to the statement, specializes in property management, receivership, asset stabilization, and repositioning of office, retail and industrial properties in Florida and the Southeast.
North Carolina developer pays $5M for Pasco property
Aventon Cos., a North Carolina multifamily developer, has bought 13.58 acres in Pasco County, where it plans to build an apartment community. The property is at 8620 Decubellis Road in New Port Richey and sold for $5 million. Colliers, which represented Aventon in the deal, says construction has started and leasing is expected to begin in July 2027. The new apartments will be in the 1,000-acre New Port Corners master planned community off of Little Road and east of U.S. Highway 19 North. Aventon Eva, as the community will be called, will have 270 units in three-story garden-style buildings. The new complex will be Aventon’s eighth in Florida and third in the Tampa market. Colliers’ Casey Babb, Shawn Rupp, Mark Eilers and John Ruscigno represented the buyer.
Former bakery location up for sale
A Sarasota restaurant property is on the market. Ian Black Real Estate has listed a 3,574-square-foot building at 4413 S Tamiami Trail. The restaurant sits on a 35,035-square-foot corner lot south of Bee Ridge Road. The asking price: $2.05 million, down from $2.18 million. The space was previously occupied by a Mama G’s Bakery location, which moved out in early May. A new yet-to-be announced tenant is taking over and, according to the listing, recently signed a new three-year triple net lease. The tenant is also “undertaking a substantial capital investment” as part of a comprehensive renovation. Sarasota County property records show the property is currently owned by a local LLC that paid $1.25 million for it in 2015. Ian Black’s Michelle Fuller is the listing broker.
Apartment owner refinances property
A recently completed apartment complex in Sarasota County has been refinanced. Financial services firm Berkadia secured the $82.1 million loan for Render Legacy Trail in Nokomis, which was built in 2024. New York-based lender Benefit Street Partners provided the three-year loan with two one-year extension options. Off of State Road 681, Render Legacy Trail is made up of 450 apartments on about 18 acres at 15560 Render Way. North Carolina-based developer Crescent Communities and Maryland-headquartered investment firm FCP built Render Legacy Trail as a joint venture, with lending from Wells Fargo. FCP purchased the property in Nokomis for $13.2 million in 2022 through an LLC. Construction began in 2023. Berkadia’s Patrick McGlohn, Brian Gould, Hunter Wood, Natalie Hershey and Patrick Cunningham handled the refinancing.
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