Hello! Amy Calandrino here with your Monday Market Update from Beyond Commercial. This week, we’ve got some significant developments in the local Orlando commercial real estate scene, as well as on the national front. Let’s dive in:
Local Update: Closure of Emerald Packing Company
After 35 years in business, one of Florida’s last citrus packing houses, Emerald Packing Company, has closed its doors. The decision to shut down was influenced by the decline in Florida’s citrus industry and the company’s location in a rapidly growing area. This marks the end of an era for a business that has been a family affair since 1972. The closure reflects the changing dynamics of the local market, with a shift from agricultural to possibly more urban developments.
National News: New Treasury Rule Impacts Companies
On the national front, companies are adjusting to a new Treasury rule requiring the disclosure of beneficial ownership. This rule aims to enhance transparency and tackle financial crimes. It’s an important development for businesses across the country, including those in the commercial real estate sector, as it affects corporate structures and investment strategies.
In the Office: Schedule a Meeting with Beyond Commercial
Don’t forget, if you need guidance or have questions about how these updates impact your commercial real estate decisions, our team at Beyond Commercial is always ready to assist. Book a meeting with us anytime by visiting our website at www.beyondcommercial.com and clicking on “Schedule a Meeting”.
Stay tuned for more updates and market insights next week!