Denny Grimes
Denny Grimes

As a Southwest Florida business professional, your business likely ebbs and flows with the local real estate market. When demand is freely flowing, business flourishes and you can concentrate your focus on accomplishing what is in front of you. However, when it ebbs, businesses often need to consider whether their current trajectory is optimal, or whether they should pivot in order to foster some new opportunities in a slightly different corner of the market.

While we all know the market is generally unpredictable, on February 22, Market Watch 2017 will have three local, well-respected real estate experts discussing the state of the Southwest Florida real estate market. Hearing what they have to say could be the key to putting you ahead of the curve in 2017.

In addition to Randy Thibault presenting, Denny Grimes will touch on whether now is the time to buy or the time to sell? In spite of generally positive news reporting many real estate markets across the country are experiencing a slow down or “shift” as it’s called and its effects are being felt in SW Florida. Denny will report why 2016 was an “off year” and will give his predictions for 2017.

Stan Stouder photo
Stan Stouder

Stan Stouder will talk about changes in the commercial real estate market, such as:

  • What are some national trends and how will they impact our local market?
  • Is the local apartment market overbuilt?
  • What do the changes in permitting mean?
  • What Was, What is and What’s Next for Commercial real estate in SWFL.

Having big data is of little value, but knowing what the data means is invaluable.  Stan knows and will be freely sharing that insight at this year Market Watch.

As a sponsor for the event, Henderson Franklin is anxious to hear what these three experts have to say and wants to make sure all Southwest Florida professionals, home buyers and sellers, and investors aware of this exciting opportunity! To register, click here.

For those of you who missed it, Thursday’s 2017 Commercial Real Estate Outlook Conference offered exciting sneak peeks into new, major downtown Fort Myers developments, insightful discussions on the impacts technology and millennials are having on the real estate industry, and a general feeling of optimism toward 2017’s real estate market.

While blogging etiquette won’t allow me to recount all of the intriguing insights offered by the expert presenters, here are a few takeaways:

  • On the heels of Donald J. Trump’s Presidential Inauguration, Lawrence Yun, Chief Economist for the National Association of Realtors, forecasted that over the next year there will be almost no reason to worry about another housing market bubble and opined there will be less than a 5% chance of another national recession (according to numerous economic indicators). In addition, Dr. Yun explained that he anticipates a slight rise to our Country’s GDP under the new administration, from a recently “sluggish” average of 2%, to approximately 2.2%.
  • The landscape of downtown Fort Myers is about to significantly change over the next few years as Mainsail Lodging and Development puts in a hotel and overhauls the Harborside Event Center, Dwell Florida erects The Place on First – a high-rise luxury condo and retail development on the corner of First Street and Jackson Street, and Fischler Property Company constructs First Street Village – a live, work, and play development on the corner of West First Street and Altamonte Avenue.
  • To meet the non-traditional demands of the up and coming millennial workforce, office environments are steadily deemphasizing large individual offices in favor of smaller individual spaces and more, larger collaborative work spaces.
  • While emerging technologies are certainly changing the way commercial real estate business is done, inventors haven’t found a way to replace the investor’s desire to make a personal connection with a live, local realtor before signing on the dotted line.

Thank you to all of this year’s speakers for their useful insights into the 2017 real estate market and to Bev Larson, CCIM for producing such a great event. We look forward to Commercial Real Estate Outlook 2018!

Guest post by Henderson Franklin’s Construction Chair, J. Matthew Belcastro, Esq.

5-4-2016 8-11-32 AMFreedom to contract is one of the cornerstones of our system of jurisprudence. As long as the subject of the contract is not illegal or contrary to an established public policy, we Americans can contract in just about any manner we wish.

Yet, all too often when disputes arise in connection with a construction project, we find parties who have no contract or (potentially worse) a contract which is not suitable for the nature of the project and/or the interests the parties wish to protect.

The construction industry is somewhat unique because of the wide range of potential parties and relationships involved in a project: owners/developers, general contractors, design professionals, subcontractors, materials suppliers, lenders, sureties, just to name a few. These numerous relationships make it all the more important to protect yourself with appropriate contractual provisions.

Continue Reading What You Need to Know About Construction Contracts to Protect Your Business

iStock_000015122897XSmall.jpgAs a community association manager, I bet you often find yourself plagued by questions from Board members regarding what they need to do, what they are allowed to do, and what they can’t do.

As a good CAM, I bet you knock down many of the questions as soon as they pop up, but still there are those few that touch on legally uncertain areas which you might struggle to answer.

The Condo and HOA Law Team at Henderson Franklin is here to help.

On October 11, 2016, we will be hosting a free legal update seminar to tell you what you need to know about:

  • Electronic voting;
  • Service Member Rental Approvals;
  • Gate Security;
  • Screening with Criminal Background Checks;
  • Vacation Rentals;
  • Remedies for Owner Violations;
  • Bankruptcy issue; and,
  • Fire sprinkler Retrofit Issues.

We will be hosting the seminar at George and Wendy’s Sanibel Seafood Grille starting at 11:30am, and lunch will be provided. Click here to download the seminar flyer.

As seating is limited, be sure to register here so you don’t miss out on the opportunity to learn about these hot button issues.

We hope to see you there!

From left to right: Ryan Binkowski and Alexis Crespo (Waldrop Engineering) with Molly Maggiano and Austin Turner (Henderson Franklin)
From left to right: Ryan Binkowski and Alexis Crespo (Waldrop Engineering) with Molly Maggiano and Austin Turner (Henderson Franklin)

This year’s two day Urban Land Institute (ULI) Annual Florida Summit was held in Miami at the Turnberry Isle Resort and was comprised of more than 650 attendees. The theme of this year’s event was Creative Disruption: “The Future Ain’t What it Used to Be.”

The mission of ULI is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. ULI is an independent global nonprofit supported by the top real estate professionals from throughout the state including developers, attorneys, engineers, architects, and land use planners, from both the private and public sector.

The “Creative Class”

Continue Reading “The Future Ain’t What it Used to Be”- 2016 ULI Florida Summit

On January 21, 2016, Certified Commercial Investment Members (“CCIM”), Southwest District, held its 16th Annual Commercial Real Estate Outlook Conference at the Harborside Event Center in Fort Myers, Florida. The annual event was well attended and full of positive projections from local leaders regarding market trends for Southwest Florida’s real estate industry. Land Use Attorney Austin Turner and Real Estate Attorney Michael Lehnert attended and provide the following recap:

The Mayor’s Inside Look at Downtown Fort Myers

The program began with the City of Fort Myers Mayor Randy Henderson providing an “inside look” at downtown. He explained that our community is postured for many robust real estate opportunities in the next decade, such as the development of its urban infill areas. Mayor Henderson seemed confident that the real estate market, both on a statewide and local level, “is back.” He stated that Fort Myers has recently issued permits for private development that will result in $450 million invested into the downtown area. The Mayor also stated that Florida SouthWestern State College (FSW’s) new baseball stadium and potential basketball arena will positively influence the community’s youth.

The Macro Outlook of Florida’s Real Estate Market

Continue Reading Southwest Florida Real Estate Industry Leaders Say “We’re Back”

To continue our series to recap the Real Estate Investment Society’s “Challenges and Strategies for Property Development Today” workshop, and to follow Cody Vaughan-Birch‘s post on Development Incentives and Local Pro-Growth Policies, the second panel of professionals provided an overview of the current trends, challenges and strategies in property development from a legal and practical perspective.

Southwest Florida Real Estate:  Problem or Opportunity?

Steve Hartsell, a zoning and land use attorney with the Pavese Law Firm, summarized two circumstances where legal and practical strategies are needed:

Continue Reading Practical Strategies for Dealing with Challenging Properties

The Real Estate Investment Society and Urban Land Institute conducted a workshop, “Challenges and Strategies for Property Development Today,” last Thursday morning in Fort Myers. Mary Gibbs, Lee County‘s Director of Community Development, got right to the point:

All properties today are challenging. Nothing’s easy anymore,” noting that property location, infrastructure availability, and objections from surrounding residents seem to be the most common constraints. 

Local governments are reacting to these economic and site-specific development difficulties by implementing changes and adopting more business friendly approaches to complex development issues that may delay or kill potential new projects.
 
Bonita Springs City Manager Carl Schwing joined Ms. Gibbs in a panel discussion regarding tactics and strategies local governments can utilize to help facilitate private development in a difficult economy. Both indicated that engaging in discussions with local government development staff 

Continue Reading Southwest Florida Officials Provide Insight on Development Incentives and Local Pro-Growth Policies

Everyone we speak with seems to be in the same boat with today’s real estate market – things may be giving some small indications of movement, but nothing seems to move as quickly or as easily as it used to. Many properties are uniquely challenged with a host of issues that need to be worked out before actual sale or development can take place – be it permits, taxes, legal issues like easements, access, development approvals, financing…the list goes on!

In recognition of these interesting times, the Real Estate Investment Society (“REIS”) and Urban Land Institute are partnering to host a half-day workshop on September 22, 2011 at Pelican Preserve to give presenters from a broad cross-section of the development community to discuss what they’re seeing in the market and how they’re dealing with the various challenges they face. The workshop will host three panels:

We are extremely excited for this educational workshop and look forwarding to hearing from all of these experienced professionals in how they’re navigating today’s tough market. More information on the workshop can be found at www.reis-swfl.org. We hope to see you there!