Need to catch up on business news in Southwest Florida? No problem. Here are the top stories of the week pulled from our daily newsletter, Gulfshore Business Daily.
Friday, July 26
CONSTRUCTION UNDERWAY FOR NCEF HEADQUARTERS
Thursday, July 25
TGR FINANCIAL INC. INCOME UP IN Q2
TGR Financial Inc., the holding company for First Florida Integrity Bank, announced second-quarter net income of $4.2 million. The results represent earnings growth of 16 percent compared with second-quarter results one year ago. Net income for the six months ended June 30 was $8.2 million, an increase of 20 percent or $1.4 million higher than the six months ended June 30, 2018. The return on average assets was 1.14 percent for the three months ended June 30, up six basis points over the same period in 2018. Quarter to date earnings represented $0.22 per diluted share.
Wednesday, July 24
CONDITIONED AIR TO EXPAND OPERATIONS
Conditioned Air plans to build a 52,710-square-foot operations center in Fort Myers to accommodate the air-conditioning contracting and service firm’s current and future growth throughout Southwest Florida. The building will be located at the intersection of Jetport Loop and Global Parkway in the Southwest International Commerce Park across from the Southwest Florida International Airport. The building will encompass 10,800 square feet of office space, 31,110 square feet of warehouse space, and 10,800 square feet of mezzanine for storage and future expansion. The building will be Conditioned Air’s central hub for the growing Lee and Charlotte County markets and provide operational support for its Naples headquarters and Sarasota branches. It also will serve as the company’s main training facility, with a fully functional training lab for hands-on continuous education and onboarding of entry-level technicians. The new operations center will replace an existing smaller facility nearby on Jetport Loop. Permitting is currently underway on the location. It is anticipated that ground will be broken on the site in October with completion and occupancy scheduled for July 2020. The building will be designed by McHarris Planning & Design and developed by Seagate Development Group. Conditioned Air plans to double in size in the next five to seven years, according to a press release.
Tuesday, July 23
NAPLES AREA CLOSED HOME SALES DECREASE IN JUNE
Five-hundred potential buyers were shown homes for sale in the Naples area every day during June, according to the June 2019 Market Report released by the Naples Area Board of REALTORS (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island). Closed sales in the Naples area during June decreased 10.3 percent compared to closed sales in June 2018, but closed sales since January have only decreased .7 percent. Closed sales over the last 12 months are up in all price categories below $1 million. To view the entire report, visit www.NaplesArea.com.