It's Your Business: Foreigner interest in Fort Myers-Cape Coral housing cools off, report says

Foreign interest in U.S. housing is cooling amid higher prices and the Fort Myers-Cape Coral market is part of the trend, according to a report by Trulia.

In its most recent International House Hunter Report, Trulia found the foreign share of home searches on its website fell nearly 10 percent year-over-year. The second-quarter report was based on all home searches on between April 1 and June 30 in metropolitan areas.

Over the past year, the share of foreign-based searches has dropped the most in local markets where prices have risen the fastest, Trulia reported.

Cape Coral-Fort Myers ranked seventh in the nation for its share of international searches in the second quarter. Its share of searches dropped to 10.2 percent in the quarter, down from 11.9 percent a year ago.

Private Equity Group purchases 5,000 acres in Lee County

Private Equity Group has purchased an assemblage of undeveloped parcels totaling 5,187 acres in Lee County from Alico-Agri, Ltd., a subsidiary of Alico, Inc., a Florida-headquartered agribusiness. The properties are generally bounded on the west by Florida Gulf Coast University and Miromar Outlets; to the north by Alico Road and the Southwest Florida International Airport; and to the east by scattered single-family residences.

The closing is set for later this year.

Private Equity Group, LLC operates a consolidated equity fund, focusing its investment activities in four strategic divisions: real estate, construction, business operations and asset management.

Moore joins Naples architectural firm

Stephen Moore has joined W. Christian Busk Landscape Architect Inc. in Naples as its new lead design associate.

Moore is a 2012 graduate from University of Florida's Landscape Architecture program, ranked in the top 15 landscape architecture programs in the country. He graduated magna cum laude with a bachelor's degree in landscape architecture.

Stevens Construction completes Center for Specialized Surgery

Stevens Construction has completed construction of the Center for Specialized Surgery, the surgical facility for Orthopedic Specialists of Southwest Florida, announced Mark Stevens, company president.

The 9,102-square-foot surgery center, 2565 Cleveland Avenue, Fort Myers, features three operating rooms, recovery, nurse station, consultation room, reception, staff lounge and administrative offices.

The project is licensed and inspected by the Agency for Healthcare Administration, which ensures regulatory compliance for health-care facilities throughout Florida.

Stevens Construction builds health care, commercial and hospitality facilities. For information, visit or call 239-936-9006.

Weight Watchers hosting housewarming Saturday

Weight Watchers will host a housewarming from noon to 4 p.m. Saturday at its newest store, at the Gateway of Naples, 2164 U.S. 41 N.

The event features prizes, refreshments and more. For more information, visit

Connect with Dave Osborn on Facebook and Pinterest at Ndn-Dave Osborn and on Twitter at NDN_dosborn.

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