To purchase a home in Tampa, a person needs to have an average income of $37,732.20 per year, and unlike other metros, that number is becoming higher, according to a new report by HSH.com. HSH.com analyzed 27 of the largest metropolitan areas in the United States to find out the average annual income needed to […]
An apartment complex in Clearwater has been sold for $29.85 million or more than $130,000 per unit. Atlanta-based Radco Cos. acquired the 228-unit Bay Park community from Chicago-based Laramar Group. Bay Park is located near the intersection of Gulf to Bay Boulevard and U.S. Highway 19 . ARA Tampa-based Principal Patrick Dufour and Vice President […]
A Sarasota developer is proposing a 14-story residential tower on the water in Rocky Point — a site that’s sat dormant since previous plans crashed along with the real estate market. Ascentia Development Group has filed plans with the city for a tower adjacent to the Westin Tampa Bay at 3015 N. Rocky Point Drive, […]
Sales of existing homes fell to an annual rate of 4.82 million in January, the lowest pace since last May. That’s according to the National Association of Realtors, which reports that the Northeast and West saw the biggest declines in sales activity. January’s sales pace was down from 5.07 million in December. “January housing data […]
USAA President and CEO Joe Robles Jr. will step down from his current roles on Feb. 28, the San Antonio-based financial services company confirmed. His successor, Stuart Parker, will take the reins as the new CEO on March 1. Retired Army Major Gen. Robles played an instrumental role in expanding USAA’s membership eligibility during his […]
If federal regulators approve Staples’ $6.3 billion deal to buy Office Depot, it will likely mean a number of those stores will go dark — and that could be a good thing for Tampa Bay retailers. The retail real estate market in Tampa Bay is extremely tight, with less than 6 percent vacancy in any […]
Both BMO Capital Markets and The PNC Financial Services Group have issued fairly upbeat reports about the area’s economy. BMO projects Florida’s growth will exceed the national average this year, with strength in employment growth a “big positive” for job seekers, said Dave Maraman, Florida regional president-business banking, BMO Harris Bank. BMO said nonfarm payrolls […]
Tampa Bay has always seemed perfect for a high-speed ferry line and Wednesday, the Hillsborough County Commission unanimously recommended forging ahead. The initial plan is to connect south Hillsborough County with commuters to MacDill Air Force Base. The idea is to start with that route in order to test demand. While the plan has won […]
The redevelopment of the Oliva Cigar Factory in Ybor City will be aided by incentive dollars from Hillsborough County. Darryl Shaw, CEO of Tampa-based Blue Pearl Veterinary, is planning to convert the the three-story, 30,000-square-foot building at 2008 N. 19th St into 38 multifamily units. Shaw’s real estate pursuits in Ybor are separate ventures from […]
One of the most desirable tracts of vacant waterfront land in Tampa Bay appears to be moving toward development. The developers of Georgetown, a 162-acre parcel off of South West Shore Boulevard, have filed plans with the city proposing changes to the canal improvement plans for the site. Christian Tyler Properties, Avanti Properties, DeBartolo Development […]