The Covid-19-fueled vacation home buying spree is fading fast
Rising mortgage interest rates are putting a damper on the second-home surge. Here's what may lie ahead.
Author Archive for: DomresRealEstate
Entries by DomresRealEstate
23-story residential tower proposed near Tropicana Field
The developers say their design will pay homage to the neighboring Warehouse Arts District.
Mirror Lake condo tower in St. Pete lands $73 million construction loan
Hemmer Group, the developer of Reflection Condominiums on downtown St. Petersburg’s Mirror Lake, has taken out a $73.375 million loan for the project. ACRES Capital Corp. said it originated the loan to Mirror Lake Place LLC — which is linked to Hemmer in state records — to “fund the development of Reflection Condominiums.” The development will feature 88 condos in 18 stories and will also have 2,763 square feet of retail space available for rent, 27,691 square feet of common area as…
Single-family investors’ share of US home purchases slowed in Q4
At least one tracker of activity in the U.S. housing market found home purchases by investors in the final quarter of 2021 slowed somewhat.
Get to know PulteGroup, a 2022 Best Places to Work honoree
PulteGroup, based in Atlanta, is one of America’s largest and oldest homebuilding companies with operations in more than 40 markets throughout the country.
Study: St. Pete has the smallest bang for the buck in apartment rentals
A new study from RentCafe shows many of the cities in Tampa Bay fall behind the state average of square footage rentable for $1,700 a month.
Meet Smith & Associates Real Estate, a 2022 Best Places to Work honoree
Smith & Associates is a residential and commercial real estate firm based in South Tampa with six offices across the Tampa Bay area.
New Jersey-based private equity firm acquires Tarpon Springs apartments for $41 million
The Portopiccolo Group has purchased a Tarpon Springs apartment complex.
Cybersecurity CEO buys $6 million teardown on Westshore waterfront
The property is just around the corner from the executive's current home — but boasts a much better view.
Apartment tower Asher opens in Water Street Tampa
Asher, an apartment tower in Water Street Tampa, has opened to residents. Of the 490 units in the tower at 1050 Water St., 393 are operating as apartments under the Asher name. The remaining 97 units will be extended-stay hotel rooms under the Roost flag; those are slated to open later this summer, developer Strategic Property Partners said Tuesday. SPP, controlled by Tampa Bay Lightning owner Jeff Vinik and Microsoft co-founder Bill Gates’ Cascade Investment LLC, said the tower saw a “highly…