Entries by DomresRealEstate

Judge denies Bayshore neighbors’ appeal of alcohol permit for Caspers’ Stovall House

May 9, 2019 in /by

A circuit judge has denied a request by a Bayshore neighborhood group to overturn Tampa City Council's decision to allow the Stovall House to sell alcoholic beverages. City council in September approved plans to convert the historic Stovall-Lee home on Bayshore Boulevard into a private social club. Tampa's Casper family — the owners of Oxford Exchange and the largest McDonald's franchisee in the state of Florida — purchased the property in March 2018 for $9.5 million. The Caspers' vision…

Looking for a fast sale? Silicon Valley is buying

May 8, 2019 in /by

Tech companies have begun to nibble away at the edges of the residential real estate industry, offering virtual open houses, digital closings and other services. Now they are coming straight for the real estate transaction itself through “instant buying,” in which companies buy homes, perform some light maintenance and put them back on the market.

Meet Phil Price, a 2019 CFO of the Year honoree

May 1, 2019 in /by

Phil Price Chief financial officer Smith & Associates Real Estate What inspired you to become a finance executive? At the age of 10 was I inspired to be a finance executive? No, I wanted to be the quarterback for Florida State University. Although my dad and multiple brothers, uncles and cousins are accountants, my mom probably pushed the CPA route the most knowing there were good jobs. Not to say learning about the stock market in grade school from Dad and reconciling cash accounts at his office…

Vacant lot on Davis Islands sells for record-breaking $6.62 million

April 26, 2019 in /by

A vacant waterfront lot on Davis Islands has been sold nearly twice what it fetched in 2015. The .56-acre lot at 84 Adalia Ave. sold for $6.626 million, Smith & Associates Real Estate said Friday. It has 175 feet of bay frontage. The brokerage firm says the sale is a record for residential land in Tampa. Smith & Associates did not reveal the buyer. A dead for the transaction filed Friday lists the seller as Longboat Capital LLC, which is linked to a Houston-based investment trust. Greg Margliano…

Heritage Insurance expects $10.2M net loss for Q1 due to severe Brevard County storm

April 22, 2019 in /by

Heritage Insurance Holdings Inc. (NYSE: HRTG) has announced it expects approximately $10.2 million of net losses due to a severe hailstorm in March in Brevard County. The National Weather Service determined the storm was the most significant hailstorm event in Brevard County history, dumping hail the size of quarters and nickels across the area for up to 10 minutes, according to Florida Today. In total, Heritage expects to incur approximately $15.4 million of net catastrophe losses in this year’s…