Entries by DomresRealEstate

Single women, Millennials buying more homes

Millennials are making one-fourth of the home purchases across the United States and single women are outpacing single men as homeowners. Data analysis by the online loan broker Lending Tree found that single women are more likely to own a home than single men despite generally making less money. A recent Prudential survey showed that the average annual income for women was $52,521 compared with $84,006 for men, a difference of 37 percent, meaning women in the survey are earning about 63 cents…

Homes for the holidays: The Business Journals’ wish list

Consider them the places we'd love to own — or at least visit. The properties featured here are among the multimillion-dollar and historic real estate sites that drew attention across the past 12 months. Some of the deals, and the properties, have celebrity connections, with the likes of Oprah Winfrey, Tyler Perry, Eddie Murphy and Selena Gomez associated with the real estate. Current and former athletes were among this year's buyers and sellers, as well, as were business leaders with ties to…

Kolter moves forward with 21-story Bayshore condo tower (New rendering)

The 21-story condo tower a South Florida developer proposed on Bayshore Boulevard is moving forward as Hyde Park House. Kolter Group, based in West Palm Beach, has filed a site plan for the project with the city and anticipates a decision on the proposal from the Architectural Review Commission in early February, said Truett Gardner, a partner in law firm Gardner Brewer Martinez-Monfort who represents Kolter. The tower will include 70 units, Gardner said, though the current zoning on the site allows…

Pinellas County men plead guilty in multimillion-dollar real estate scam

Three Pinellas County men are each facing 20 years in federal prison after they pleaded guilty on Monday to criminal charges connected to a multimillion-dollar real estate scam. Gary Kinard, 40, of St. Petersburg, Martin Steele, 46, of Largo, and Mark Boring, 47, of St. Petersburg each pleaded guilty in the U.S. Middle District Court of Florida to conspiracy to commit wire fraud and aggravated identity theft. The men are facing a maximum of 20 years in prison and a minimum mandatory consecutive…

See which Tampa Bay suburbs have some of the most coveted rentals in the country

Living in an urban, metropolitan community can be pricey. But Rentcafe.com has uncovered the most in-demand suburbs in the country, based on renter population increase and data collected from Yardi Matrix and the U.S. Census Bureau. Three of them are in Tampa Bay's own backyard. Riverview added more than 14,100 new renters between 2011 and 2016, leading other Florida cities with a 106 percent rise between 2011 and 2016, and ranking fourth nationally. Lutz has also seen a significant 74…

Eleve 61, 36-story condo tower proposed in the Channel district, seeks key approval for construction

A 36-story condominium tower proposed in downtown Tampa's Channel district will be up for a key approval in early December. Eleve 61, which will include 61 luxury units at 858 Channelside Drive, requires a height variance from the Hillsborough County Aviation Authority because of its proximity to Peter O. Knight Airport. The variance is recommended for approval, as it isn't expected to interfere with air traffic. Mercury Advisors, the Tampa-based developer of Eleve, secured a development loan…