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Charlotte–Lee–Collier

    By
  • Louis Llovio
  • June 12, 2024
Sanibel bank to begin rebuilding Ian-damaged branch

Sanibel Captiva Community Bank will begin construction on new McGregor Road branch building in August.

  • Charlotte–Lee–Collier
    By
  • Mark Gordon
  • June 12, 2024
Michigan credit union closes $160M deal for SWFL bank division

DFCU Financial, one of the largest credit unions in the country with $6.4 billion in assets, purchased MidWestOne Bank’s Florida operations in Naples-Marco Island and Cape Coral-Fort Myers.

  • Charlotte–Lee–Collier
    By
  • Mark Gordon
  • June 12, 2024
Report: Trouble lurks for big banks with big CRE loan overexposure

Billions of dollars in property financing will mature by 2026. For banks seeped in commercial real estate loans, this poses some outsized risks.

  • Florida
    By
  • Mark Gordon
  • June 11, 2024
The Capital Grille sets Fort Myers opening day, plans to hire 90 people

High-end steakhouse The Capital Grille will open its first Fort Myers location in less than two weeks.

  • Charlotte–Lee–Collier
    By
  • Louis Llovio
  • June 11, 2024
COVID fraud lands Riverview, Fort Myers men in federal prison

Two men were sentenced to federal prison this week in separate cases stemming from criminal charges for using ill-gotten COVID relief fraud for personal use.

  • Florida
    By
  • Elizabeth King
  • June 11, 2024
East Coast pizza franchise coming to Collier County

Ledo Pizza will open in late August in Ave Maria.

  • Charlotte–Lee–Collier
    By
  • Louis Llovio
  • June 11, 2024
Once-booming Big Storm Brewing faces eviction, lawsuit and closures

The Clearwater-based brewer and distiller, which has shut three of its five taprooms in a year, is facing off against a disgruntled investor as second landlord in a year says the company didn’t pay rent.

  • Tampa Bay-Lakeland
    By
  • Elizabeth King
  • June 10, 2024
Area Anheuser-Busch owner joins board of Naples family nonprofit

The newest board member for Better Together is the head of Gold Coast Eagle Distributing.

  • Charlotte–Lee–Collier
    By
  • Steven Benna
  • June 10, 2024
The week's top commercial real estate transactions in Charlotte, Collier, Hillsborough, Lee, Manatee, Pasco, Pinellas, Polk, Sarasota

A Lee County commercial condo complex sale for $92.5 million leads transactions.

  • Transactions
    By
  • Louis Llovio
  • June 9, 2024
$120 million hospital project to officially break ground in east Manatee

In the week's top commercial real estate news, a Pinellas County shopping center sells for $7.5 million, a Sarasota condo project sees double and Lee County keeps fighting for discount.

  • Florida
    By
  • Mark Gordon
  • June 7, 2024
Atlanta firm buys $176M Fort Myers roofing company

New owner seeks to grow within the Sunshine State.

  • Charlotte–Lee–Collier
    By
  • Elizabeth King
  • June 6, 2024
Pair of Collier County hotspots rank in top 10 on national retirement list

Retirees and those nearing retirement were surveyed about where they want to live when they’re done working.

  • Charlotte–Lee–Collier
    By
  • Louis Llovio
  • June 5, 2024
Bankruptcy judge OKs Hoffmann's $21.25M purchase of Midwest dairy

The Hoffmann Family of Cos. won a bankruptcy auction last week for the Illinois dairy company.

  • Charlotte–Lee–Collier
    By
  • Louis Llovio
  • June 5, 2024
Report: Cape Coral-Fort Myers leads the nation in rental vacancies

The study found the metro area had the highest number of home rentals that are vacant, metro Tampa was No. 20.

  • Charlotte–Lee–Collier
    By
  • Mark Gordon
  • June 4, 2024
Citing big demand, high-end Naples builder expands remodeling unit

Several reasons are fueling the growth, including Hurricane Ian work.

  • Charlotte–Lee–Collier
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