Where to Shop on Sanibel Island

If your favorite hobby is shopping, you won’t be disappointed while shopping on Sanibel Island. There are many shops tucked away all over the island. The stores feature gifts, t-shirts and souvenirs or you can go upscale with designer fashions and jewelry. Sanibel has a little bit of everything for every taste and style.

One of my favorite places to shop is the Seahorse Shopping Plaza on Periwinkle Way. There are two stores that are quite special and fun to shop or browse. One store is the Sporty Seahorse, which has gift items and a large clothing area for men and women. If you are looking for great beach sandals or summer shoes you will not be disappointed. The other shop is Tuttle’s. It’s a small shop but fun, featuring jewelry, unique gifts and t-shirts. The owner has been living on Sanibel Island for over 37 years and is a lot of fun to speak with while shopping in his store.

The Tahitian Gardens is another shopping complex located on Periwinkle Place. There are many unique shops to visit while walking undercover from shop to shop. There are
two restaurants in this complex which allows for the convenience of shopping and eating!

You can’t go to Sanibel Island without visiting Jerry’s. There is a tropical garden on the first level of this complex with exotic birds in large cages. Quite a site to see! There is a grocery store but also many retail shops. Jerry’s is a great place to do your grocery shopping and find a gift to take home, t-shirts or other items for the beach.

One of my favorite places to “bum” is Winds on Periwinkle Way. The shop has a huge selection of beach towels, t-shirts, custom t-shirts, beach shoes, umbrellas and gift items. It is a great place to spend time before or after eating dinner.

The largest shopping plaza on Sanibel Island is Periwinkle Place. There is a large parking area and multiple restaurants to get a meal or snack while shopping. Periwinkle Place is located on Periwinkle Way. It has covered walkways (which is great if the weather is not cooperating!) throughout the entire shopping area. It has a park-like environment which is very pleasant. The shops are numerous and you can find just about anything here. There are many upscale gift and clothing stores. Plus, I have found quite a few great t-shirts here too!

The newest place to shop and browse on the island is Mango Bay, which is also on Periwinkle. It features an extensive selection of beach wear, shoes, sunglasses and gift items. It’s a fun and open store to shop and walk around. They have a large children’s section too, including clothing and toys.

You will not be disappointed shopping on Sanibel Island. Just stay on Periwinkle Way and discover all the unique shops and stores that Sanibel has to offer!

Commercial Real Estate – What is the Present Status?

U.S. Real estate markets are not so-healthy as they were for decades. First the residential property sector was plagued by the foreclosure crisis and is yet to recover from the devastation. Arising out of the foreclosure crisis, there were many cyclic reactions in the financial market. The cash-crunch spread fast to other areas of financial activities – like auto loans; credit card purchases; hotel room occupancy; business revenues in shopping malls; renting office complexes and so on. Commercial new construction projects were either put off or abandoned totally, aggravating unemployment problem etc.The commercial real estate market is inevitably inter-related with all the above businesses. As such the depletion in business revenues is reflected in foreclosure of commercial properties also. How? For example, if a big hotel losses heavily on revenue by the non-occupancy of its rooms, ultimately financial commitments, including the mortgage repayments get hard-hit. The situation of default in mortgage repayment, consecutively for months, eventually leads to foreclosure and distress sale of the commercial property concerned. Needless to mention a distress sale will bring the market value of the property deep down.Which branch of commercial properties is most affected? We have come across news reports about the commercial foreclosures – particularly in the hotel sector – the affected hotels of luxury located in the tourist industry hot-spots of Las Vegas in Nevada, Florida, and California etc.What is strikingly different in residential foreclosures and commercial foreclosures is – when a residential property is foreclosed, the amount in loss of money is about few thousands of dollars, whereas in a commercial foreclosure, the amount involved runs into millions of dollars.It is for this reason, the lending institutions extending financial supports for commercial property projects are dragging their feet in coming forward to extend new loans. In the situations of default and foreclosure also, they are not rushing into the decision of foreclosure of the property immediately, but consider all possible alternative outlets and compromises with the borrowers.Obviously, rather than individuals, mostly institutions and LLCs are involved in commercial foreclosures and in dire situations of foreclosures, they tend to select the insolvency route, to escape foreclosures.In this context, it is pertinent to take into consideration what the experts in the Industry say about the present status of commercial property sector and foreclosures. While the predictions about the future of commercial real estate vary from person to person, there is unanimity among them about the density of the problem of commercial foreclosures, presently.According to James Lockhart, vice chair of WL Ross & Co. New York, there are a lot of distressed commercial properties facing foreclosures with small commercial banks as of date. The problem institutions holding commercial properties in their business have increased to 775, whereas there were only 50 of them, just a few years back.The impact of commercial foreclosures has led to closing of financial institutions in huge numbers. Of a total of 8,000 U.S. banks dealing in commercial property finances, already 250 have been closed; 1300 banks have been advised by the regulators, to reduce concentration of Commercial Real Estate property loans; and many of them are expecting closure or taken by stronger competitors.However, in the Real Estate industry circles, it is reported that in a “Sentiment Survey” conducted among 100 senior real estate personnel by the Real Estate Round Table, during the second quarter of this year, 82% of the participants expressed satisfaction that the commercial real estate market is better than last year.
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