HERTZ PLANS PUBLIC OFFERING OF COMMON STOCK
Estero-based Hertz Global Holdings Inc. has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed public offering of its common stock. The shares of common stock to be sold in the offering are anticipated to be offered by certain company stockholders. The terms of the offering have not yet been determined. The offering is expected to be in the fourth quarter of 2021, subject to market conditions and completion of any regulatory review. Hertz’s common stock currently trades on the over-the-counter market under the symbol HTZZ. Hertz intends to apply to list its common stock on the Nasdaq Global Select Market under the symbol HTZ in connection with the offering. The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from Goldman Sachs & Co. in New York City. The Hertz Corp., a subsidiary of Hertz Global Holdings, operates the Hertz, Dollar and Thrifty vehicle rental brands.
SWFL CONTINUES TO EXPERIENCE HOUSING CONSTRUCTION BOOM
Housing is in high demand, with Southwest Florida’s Cape Coral-Fort Myers area seeing the second-largest increase in single-family homes in the country and construction of new apartments also rising. In September, permits were approved for nearly 1,000 new units to be built throughout Southwest Florida, ranked near the top in the nation when comparing housing statistics from the first six months of 2020 to the first six months of 2021. A group that studies population says it is a good sign for the region, WINK News reports. “With your area being number two in the nation, it is remarkable in that sense, in that you’re leading the recovery and the bullishness in the new construction market,” says Andy Kerns, creative director of Digital Third Coast.
NAPLES-BASED INTRIENERGY SEEKS INVESTORS FOR SOLAR CELL TECHNOLOGY
IntriEnergy Inc., a Naples-based solar energy company led by industry veterans, is launching its capital funding push today through crowd-funding platform StartEngine. The local technology firm is seeking individual investors interested in renewable, clean energy for the future as the company brings the first of its three technologies to market. IntriEnergy’s patented photovoltaic (PV) cell innovations increase the power output of current solar panels by up to 60% without increasing panel size. Through the advancements made by IntriEnergy’s chief technology officer, Franco Gaspari, and his team, IntriEnergy’s innovative PV cells are able to capture and convert more of the sun’s spectrum of light into useable energy. These cells have been designed and engineered to be integrated into existing solar manufacturing processes for both commercial and consumer solar applications, the company reports.
HEALTH CARE DEVELOPMENT TO INCREASE ACCESSIBILITY IN CAPE CORAL
There will be more places to get necessary medical care in Southwest Florida, as multiple health care systems have announced plans to add more resources in Cape Coral. At Pine Island Road and Pondella Road in Cape Coral, Encompass Health is building a 40-bed inpatient care facility. Down the road, Lee Health plans to expand the only hospital in the city with six bays in the emergency department and 12 intensive care unit beds. Lee Health also has plans to turn a 23-acre plot of land at Pine Island Road and Veterans Parkway into an innovative health care facility, WINK News reports.
NEIGHBORS OPPOSING APARTMENTS PROPOSED IN GOLDEN GATE ESTATES
Residents in unincorporated Collier County are upset over plans to build a more than 400-unit apartment complex and shopping center near them. They say they moved to Golden Gate Estates to escape the traffic but adding this proposed complex will cause congestion and crashes. More than 1,000 people have signed a petition created by Estates resident Chad Everett in opposition to a proposal to build an apartment complex on the Randall Curve property near Immokalee Road and Randall Boulevard. William McDaniel, the county commissioner representing that area, said he knows there’s a large amount of traffic near that intersection, but he said the county can’t legally stop a property owner from using land simply because the area is congested. Collier commissioners are set to potentially vote on the Golden Gate Estates plan at its next meeting on Oct. 26, WINK News reports.
FRANK & ELLEN DAVELER CENTER FOR INNOVATION IN LEARNING TO OPEN
The Frank & Ellen Daveler Center for Innovation in Learning at Champions For Learning is having a grand opening from 8-10 a.m. on Oct. 27 at 3606 Enterprise Ave., Suite 150, Naples. A ribbon-cutting will be held at 8:30 a.m., followed by a community open house event from 4-6 p.m. The new center will foster innovation and collaboration with teachers, students, parents, volunteers and community partners. Champions For Learning, an education foundation in Collier County, is an independent, community-based, nonprofit organization that strives to create life-changing learning experiences for every student.
MK ARCHITECTURE-DESIGNED VENETIAN WALK II OPENS
MK Architecture President and Partner Michael Sheeley completed the design for Venetian Walk II in Venice, Florida, which recently had its grand opening. Venetian Walk II is a family public housing project for the Venice Housing Authority and Norstar Development. The project includes 52 modern apartment units in a string of five separate two- and three-story buildings consisting of one-, two- and three-bedroom configurations. The Venetian Walk project also includes a community building with a meeting room, playground, business center and operations/management office. Sheeley previously designed the adjacent 61-unit Venetian Walk senior housing complex. MK Architecture specializes in multi-family, commercial and hospitality architecture with offices in Fort Myers, Naples and Lexington, Kentucky.
FL STAR NAMES MAHANKE AS CONSTRUCTION MANAGER
FL Star has named Norman Mahanke as construction manager with responsibility to oversee the construction of the company’s Golden Gate Estate Homes and construction of Vanderbilt Apartments, a new apartment community on Vanderbilt Beach Road. Mahanke has more than 17 years of experience in the construction industry, beginning his career as lead field superintendent and construction manager with Centex Homes in Naples. He has worked as a construction superintendent with Admiralty Point Condominiums and as construction manager for Lennar Homes. Mahanke also served as a construction superintendent for DR Horton from 2018 to 2021. Immediately before joining FL Star, Manake was superintendent for CSCI Concrete on various building sites. He participated in Centex Homes Field Management Training Program and holds numerous industry certifications, including those from North Central Michigan College.
HEATHERWOOD CONSTRUCTION PROMOTES BLACKWELL TO CHIEF ESTIMATOR
Heatherwood Construction has promoted Brian Blackwell from project manager to chief estimator. Blackwell will be responsible for overseeing the estimating department, which provides comprehensive estimates, pre-construction services and develops subcontractor relationships. Blackwell will collaborate with owner representatives, design teams and executive staff during pre-construction as chief estimator. He has more than 20 years of construction experience, including 11 years in Southwest Florida. Blackwell joined Heatherwood Construction in 2018 and has overseen numerous projects, including the van Otterloo School in Immokalee.
Mission Cataract USA, Frantz EyeCare partner for annual Day Of Giving Back
Dr. Jonathan M. Frantz, medical director and chief surgeon of Frantz EyeCare, is celebrating its sixth year of partnership with Mission Cataract USA. Frantz, along with Dr. Maxwell A. Burch and Dr. Christine L. Bokman, will be providing free cataract surgeries to patients in need in the Southwest Florida community on Friday. The Day of Giving Back program provides vision-saving cataract surgery to individuals of all ages who meet federal financial guidelines and have no private medical insurance, Medicare or Medicaid. The application period for the program is open from May 1 through Aug. 31 each year.