A North Naples apartment complex recently sold for $22 million.
Fifteen Group, a Miami-based investment group, completed the sale of the 268-unit Meadow Brook Preserve along Old 41 Road near the Collier-Lee county line, built in 1997 as Turtle Creek Apartments.
The sellers did not divulge the names of the buyers, but Collier County records show them as Meadow Brook Preserve LLC, a newly formed limited liability company in Florida.
Fifteen Group bought the apartment complex in 2010 for $12 million from Florida Housing Finance Corp., which had acquired the property through foreclosure.
Bonita Springs Utilities maintains rates
The Bonita Springs Utilities board of directors has voted to maintain current rates for the utility's member-customers for the second consecutive year.
The not-for-profit utility is permitted to raise rates annually based on the U.S. Consumer Price Index for the South Region. Bonita Springs Utilities is a not-for-profit water and wastewater utility. The member-owned utility today serves more than 40,000 homes and businesses in a 60-square-mile area. Information: BSU.us.
Preferred Travel of Naples ranks among top companies
Preferred Travel of Naples has been ranked among the top 200 companies in Gulf Coast Business Review's Gulf Coast 500 August issue.
Gulf Coast 500 lists the top 500 companies from Tampa to Naples, based on their 2011 revenues in millions.
Preferred Travel of Naples ranked No. 191, the top ranking travel agency on the list. Gulf Coast Business Review gathered information for the list through surveys and interviews, Yahoo! Finance, U.S. Securities and Exchange Commission, Hoover's, Inc. and the Federal Deposit Insurance Corp.
Information: 239-261-1177 and preferrednaples.com.Hill discusses financial marketsAndrew D.W. Hill, president and co-founder of Andrew Hill Investment Advisors Inc., recently presented a Continuing Professional Education course for the Florida Institute of Certified Public Accountants.
Hill discussed an "Economic and Financial Market Update" for the organization at Vasari Country Club in Bonita Springs.
Based in Naples, Hill is a chartered financial analyst and a former certified public accountant who has been interviewed on CNBC, FOX, and local networks.
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