Saturday, September 24, 2016

Wall Street Journal Reports: Lennar to Buy WCI Communities as Florida Housing Recovery Continues

Lennar to Buy WCI Communities as Florida Housing Recovery Continues

The deal combines two of the largest home builders in the state


By AUSTEN HUFFORD
Updated Sept. 22, 2016 10:28 a.m. ET


 
Lennar Corp. will buy WCI Communities Inc. for about $643 million, a move that combines two of the largest home builders in Florida as the housing recovery continues.

Lennar will pay $23.50 a share in cash and stock for WCI, a 37% premium over WCI’s closing share price Wednesday.

“WCI’s land portfolio dovetails perfectly with our own Florida footprint and expands our product offering to capture more of the move-up market,” Lennar Chief Executive Stuart Miller said.


The offer will be $11.75 in cash and $11.75 worth of Lennar shares.

WCI has a 35-day “go-shop” period in which it will solicit and evaluate potential alternative offers.

The deal is subject to approval by WCI stockholders. A vote is expected to occur in December or January.

Shares of WCI rose 41% in morning trading to $24.19 and Lennar shares rose 2% to $44.35.

In recent quarters, home builders have seen increases in average price per home and in the number of homes delivered as the housing market continues its recovery from the 2007 financial crisis.

WCI also said it had reached retention agreements with its chief executive, chief financial officer and the president of its north region to stay 120 days after the deal closes.





Thanks for reading!
Ali

Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Mobile: 941-460-3179

Tuesday, September 20, 2016

September 12 West Villages Presentation Slides

North Port Sarasota County Meeting September 12, 2016
West Villages Information












Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Mobile: 941-460-3179


If you are considering purchasing a home in this community, I can assist you. My services and extensive resources are of no cost to you, and in most instances, I am even able to save home buyers money.  I do not work for any of the wonderful builders/developers in the West Villages Improvement District, or any others for that matter. My services and information (including the resources provided on all of my websites) are wholly independent of these developers. No other independent professional is more knowledgeable about this community, and enlisting me to assist with your transaction can provide you with a wealth of information as well as saving you money.

Please, check out my Venice area website, and contact me for more information.
Look forward to hearing from you!


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Monday, September 12, 2016

Venice Lighting Company

There is a terrific new lighting store that opened this year, and I just found out that new development residents (like us) get a 10% discount. It is called Venice Lighting Company. 

Went in there today for a couple of pieces. The prices were great, and I have done A LOT of shopping online before making the purchase at this store. The owner and her assistant were so friendly and helpful, too. Just can't say enough positive things about it. 

Apparently, it is a husband and wife operation. He is an electrician, so they offer in-house installation services as well.










508 COLONIA LN. E. NOKOMIS, FL 34275 

MON-FRI: 9AM-5PM, SAT: 10AM-4PM  

PHONE: 941-484-4205



Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Mobile: 941-460-3179
www.WestVillagesRealty.com


Saturday, September 3, 2016

Finding Sharks' Teeth

Just a quick note...they say that a great time to look for sharks' teeth is after a storm, since it churns everything up. Quite a number of people were out on Manasota Beach last evening getting a head start on it already.



Happy hunting!
Ali Johnston




Broker/REALTOR®
West Villages Realty LLC
(941)460-3179

19503 S. West Villages Pkwy
Suite A2 (office hrs by appt)
Venice, FL 34293

www.WestVillagesRealty.com
www.WestVillagesHome.com
www.IslandWalkVillage.com
www.GranParadisoVillage.com
www.NewHomeVenice.com




Monday, August 22, 2016

West Villages meeting tomorrow

Just a reminder that the monthly district meeting will be held tomorrow at 11am at the Englewood Sports Complex. The primary topic is financials for the upcoming fiscal year.

Thursday, August 18, 2016

Take a dip in Warm Mineral Springs during the evening this summer

From City of North Port News
 http://www.cityofnorthport.com/Home/Components/News/News/6188/1711
Post Date:06/28/2016 3:06 PM


The City of North Port is offering evening swimming opportunities at Warm Mineral Springs this summer.

On June 1, the City of North Port began opening up the doors to Warm Mineral Springs from 5:30 p.m. to 8 p.m. The evening swimming hours will extend through August 31, 2016.

For a fee, residents and visitors can swim in the waters. Adults age 18 and above can swim for $8 for nonresident and $6 for a resident; children ages 6 to 17 can swim for $5; children ages 2-5 can swim for $2; and children under the age of 2 can swim for free.


Warm Mineral Springs, located at 12200 San Servando Avenue, is a natural spring that maintains an estimated 87 degrees year round and contains an estimated 51 different minerals. The destination is open to the public for swimming during the day from 9 a.m. to 5 p.m.


The facility includes a gift shop with sundry items and souvenirs. Regular programming and exercise classes also take place at the Springs.


For more information, call Warm Mineral Springs at (941) 429-1692.




From http://www.cityofnorthport.com/visitors/visit-north-port/warm-mineral-springs


Visitors » Visit North Port
WARM MINERAL SPRINGS


About Warm Mineral Springs

At a temperature of 87 degrees, Warm Mineral Springs contains 9 million gallons of fresh water which replenishes itself every two hours. This natural resource is comprised of 51 minerals, which is the highest mineral content of any natural spring in the United States.

The spring has been added to the U.S. National Register of Historic Places partly because it is one of the most important underwater archeological sites in America. During exploratory dives in the 1950s, the remains of a prehistoric hunter and seven other humans were discovered in a very well preserved state. Similarly, evidence of several creatures have been extracted from the spring, including saber tooth tigers, giant sloths, tortoises, and even camels.

Today, with a goal of increased wellness for everyone, Warm Mineral Springs offers a natural experience to residents and visitors alike who want to soak in the warm waters..

Directions

From Interstate 75: Take River Road (Exit 191) south toward U.S. 41. Make a left on U.S. 41/Tamiami Trail. Make a left on Ortiz Boulevard. Warm Mineral Springs will be on the right.

From U.S. 41: Take U.S. 41/Tamiami Trail to North Port. Turn north on Ortiz Boulevard. Warm Mineral Springs will be on the right.

Price

Entry pricing, including sales tax, are as follows:

Day Pass for adults age 18 and above will pay $20 (residents pay $15);
Students age 6 through 17 will pay $15 (residents pay $11.25);
Children age 5 and below will pay $10 (residents pay $7.50).
Ten day passes will cost $170 for an adult (residents pay $112.50).
Sarasota County residents qualify for the resident rate. Tickets are not refundable. Same day re-entry shall be permitted.

Annual passes also are available.

Non-resident may purchase an annual pass for $2,000;
Sarasota County residents may purchase an annual pass for $1,500;
North Port residents may purchase an annual pass for $1,125.
Evening Swims

From June 1, 2016 through August 31, 2016, the City of North Port will be offering evening swimming hours at Warm Mineral Springs. This is part of a pilot program.

Summer evening swim hours will be from 5:30 p.m. to 8 p.m. from June 1 through August 31.

Prices are:

Adults 18 ages and older: $8 nonresident or $6 resident
Children ages 6 to 17: $5 resident and nonresident
Children ages 2 to 5: $2 resident and nonresident
Children under the age of 2: Free

Gift Shop

A gift shop is on site and offers sundry items and souvenirs.

Activities

Regular programing and exercise classes take place at Warm Mineral Springs daily. For details, call (941) 426-1692.

The Purchase

The City of North Port purchased Sarasota County’s interest in the Springs on Friday, September 26, 2014 for $2.75 million. This completes the sale of the 81-acre property to the City of North Port.

The Operations Details

The City of North Port has contracted with National and State Park Concessions, Warm Mineral Springs, Inc., to operate the natural spring and its facilities for swimming and bathing. The City of North Port will receive 100 percent of the funding obtained from admission sales. The management company will receive $48,280 each month to operate the Springs.

Saturday, August 6, 2016

Articles today re. Roundabout at 41/Tamiami and IslandWalk/Gran Paradiso entrances in the West Villages


Today, the North Port Sun briefly mentioned the petition regarding traffic light and general traffic control at the entrances to IslandWalk at the West Villages and Gran Paradiso at the West Villages on US41/Tamiamia Trail.

If you have not yet signed the petition, please do.
Click here to open petition site in a new window

But, the Venice Gondolier Sun today featured a detailed, front page article in which they quote me, Marty Black, and Tanya King regarding the status and plans for the roundabout as well.








Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Mobile: 941-460-3179
www.WestVillagesRealty.com