Construction economist: How interest rates, economy will affect building industry in 2023

Especially on the for-sale housing side, the construction market is slowing in the wake of higher interest rates and concerns about a recession in 2023.Original Article

Go inside the 2022 Best Real Estate Deals event (Photos)

Over 250 people gathered for this year’s Best Real Estate Deals awards on Dec. 13 at Armature Works in Tampa. Now in its second year, the program recognizes Tampa Bay’s most prominent real estate deals and developments announced, completed or that broke ground between June 30, 2021 and June 30, 2022. It also honored the people behind the deals. The program had 31 honorees in 11 categories. These projects are set to transform the local economic landscape for decades. Over 100 nominations…Original Article

Tampa Bay’s Best Real Estate Deals are changing the region

The industry’s top projects and the people behind them are honored.Original Article

Best Real Estate Deals: Top affordable housing project

The West River project provides an opportunity to rebuild and reconnect the community to the river.Original Article

Best Real Estate Deals: Top reuse/rehab project

The renovation/rehab of The Oceanaire touched every aspect of the property, from grounds, common spaces, amenities and units.Original Article

Best Real Estate Deals: Multifamily deals of the year

These are Tampa Bay's multifamily real estate deals of the year.Original Article

Hillsborough County school property may be transformed into affordable housing

The Hillsborough County School Board has ushered in a plan to possibly transform school property into affordable workforce apartments as housing prices continue to put a strain on families’ budgets. Three development companies — Blue Sky Communities, Related Urban Development Group and Wire Development — will be tapped to redevelop unidentified school property should any be made available. Blue Sky’s apartments would be for families earning between 30% and 120% of the area median income,…Original Article

Here’s where Tampa Bay ranks among the most competitive rental markets in the nation

Florida became one of the hottest rental markets in the nation over the past year, and the latest RentCafe report shows that Tampa Bay was among the nation's best during this span. According to the report, 97.5% of apartments are occupied throughout the Sunshine State. Florida's population spiked over the past two years, placing five of the country's hottest locations for renters this year in the area. Tampa Bay ranked No. 17 in the nation behind other Florida metros such as Miami and Orlando…Original Article

Sarasota airport sues city and developer over planned apartments

Some proposed residences at the former dog track are too close to the airport runway, according to the lawsuit.Original Article

Tierra Verde estate enters market at nearly $14 million

A waterfront Tuscan-style estate in Tierra Verde has hit the market at $13.995 million. The home at 1571 Oceanview Drive is more than 12,000 square feet and has seven bedrooms, eight baths and three half baths. It also includes a library, two offices, a wine cellar, gym, elevator and a four-car garage. Designed by architect Alberto Alfonso, the building resembles a Tuscan farmhouse like those found in Strada di Borgo Pretale. The property is marketed exclusively by Robyn Gunn of Premier Sotheby's…Original Article