NEW YORK – The Moody’s/REAL National All Property Type Aggregate Index from Real Estate Analytics LLC measured 123.82 for June 2009, a decrease of 1% from the previous month, representing a mild decline.
The Index, which has captured price data through the end of May 2009, is now 26.9% lower than it was a year ago and 33.9% below the peak measured in October 2007. The index also indicated a 35.5% drop in prices over the past two years.
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FORT MYERS – The economic recession has impacted all aspects of the Florida commercial real estate industry, and as you might expect, members of the Real Estate Investment Society here are not immune.
The irony, however, is that what’s bad for the industry is often good for industry organizations like REIS as members unite to stay abreast of industry trends and prepare for the inevitable recovery.
“Actually, we’ve been doing very well. We have a closed membership at 275, and we are at our goal,” said President Sharon Jenkins-Owen.
Tom Henning on One on One
The Estero Recreation Center has become the latest victim in a string of vandalism in the Estero area.
The last time Immokalee played on the Class 2A level, in 2004, the Indians finished 11-2 and won the state championship.
The Lely Trojans will open their season at Miami-Gulliver Prep on Friday night with a lot of pent-up energy.
There are always high expectations when playing at Southwest Florida’s pre-eminent football program, but this year’s Naples High players could feel additional pressure to match last season’s record-setting offense.
