Cape Coral area professionals honored by EXIT Realty Corp. International

The 2021/2022 real estate market was brisk as home prices and interest rates continued to rise. The need then and now for knowledgeable, professional real estate agents to skillfully guide their clients through the changing market has never been greater.

EXIT Realty Corp. International recognized its champions for outstanding achievement through that period during the company’s international Convention held recently at the Omni Amelia Island Plantation Resort near Jacksonville, Florida.

• Stephanie Doran and Lisa Spagenski, sales representatives with EXIT Gulf Coast Realty in Cape Coral, were honored with the Bronze Award by EXIT Realty Corp. International. The award was given in recognition of closing between 25 and 49 real estate transaction sides during the production year July 1, 2021, to June 30, 2022.

“The real estate professionals who put the needs of their clients first and who can pivot to meet those needs in a changing economy will always succeed,” said Tami Bonnell, co-chair, EXIT Realty Corp. International. “It’s because of the hard work and dedication of our agents and brokerage owners that EXIT has continued to thrive and expand across the US and Canada. We are proud of their accomplishments, and we extend our best wishes for their continued success. Congratulations to our champions!”

EXIT Realty is a full service real estate franchisor with offices across North America. For more information, please visit www.exitrealty.com and www.joinexitrealty.com.

CRE Consultants’ recent transactions

CRE Consultants has announced the following recent real estate transactions:

• Cogent Bank leased a 2,480-square-foot office space at 14421 Metropolis Ave., Suite 102, Fort Myers, from Advanced Metropolis, LLC. Randal Mercer of CRE Consultants negotiated the transaction.

• Huber Insurance Group leased a 1,153-square-foot office space at 14421 Metropolis Ave., Suite 105, Fort Myers, from Advance Metropolis, LLC. Randal Mercer of CRE Consultants negotiated the transaction.

CRE Consultants, which provides a full spectrum of commercial real estate and property management services to property owners, investors, landlords, tenants and developers, is located at 12140 Carissa Commerce Court, Suite 102, Fort Myers. For additional information, call 29-481-3800, or visit https://creconsultants.com.

Babcock Ranch sells 612 acres to Pulte Home Company for $15 million

Babcock Property Holdings LLC sold two tracts of land totaling 612.7 acres in Lee County to Pulte Home Company LLC for $15 million on Dec. 8. The transaction was handled by Edward Canterbury of Henderson Franklin law firm. Alfred P. Dougherty executed the agreement on behalf of Babcock Property Holdings and Naomi Robertson, vice president of Finance SWFL Division executed the agreement on behalf of Pulte Homes.

The agreement requires the builder to pay a deferred compensation and marketing fee to the developer upon the sale of each improved residential unit constructed on each lot, subject to the terms of the agreement.

According to the Lee County Property Appraiser, parcel 1 of the sale is 426.1 acres and parcel 2 is 186.60 acres.

The values associated with the property are as follows, according to the Lee County Property Appraiser: parcel 1, $21,152,456, and parcel 2, $9,263,197.

For additional information about Babcock Ranch, which is located at 42850 Crescent Loop, Babcock Ranch, FL, off State Road 31 in northeast Lee County, visit https://babcockranch.com/.

For more about Pulte Home Company, visit https://www.pulte.com/.

Property insurance issues topic of discussion at next REIS meeting set for Jan. 10 at Pelican Preserve Clubhouse

Managing risk is a critical issue for real estate development, financing and management in Southwest Florida. The Real Estate Investment Society will take a hard look at flooding and other property insurance issues at its Tuesday, Jan. 10, luncheon meeting, with Brian Chapman, founder and CEO of Chapman Insurance Group, leading the discussion.

The program will include updates on recent legislation, flood zone mapping, risk rating, the National Flood Insurance Program and strategies for managing risk. Chapman is also expected to offer insight on how lenders, builders and property owners are coping with the challenges.

Following his presentation, Chapman will respond to questions of specific interest to the real estate investment and development industry.

Chapman formed Chapman Insurance Group in 2009 to be able to provide a greater range of options to property owners in Southwest Florida. The firm has grown dramatically and Chapman has emerged as a leading advisor to the real estate and building industry in the region.

The meeting is sponsored by Builders Care and will begin promptly at 11:45 a.m., Jan. 10, in the Osprey Room at Pelican Preserve’s Clubhouse, on Treeline Avenue at Colonial Boulevard, one mile east of I-75 exit 136 in Fort Myers.

Admission is $30 for members and $45 for guests, which includes lunch. Reservations are required by Jan. 5 and may be made at the REIS website at www.reis-swfl.org.

You can also mail REIS at P.O. Box 86, Fort Myers, FL, 33902-0086.