There are two sides to a commercial real estate deal: The hard numbers that determine potential returns and the more emotional side — the story behind a market or property that convinces an investor to buy in. In downtown Tampa, the story side of the equation is evolving, said Mike Davis, executive director of the […]
“Standard retail first and second generation space continues to dwindle away as tenants are forced to search for less opportunities at higher costs.” David McComas, European Equities Corp. “The multifamily market will continue to outpace all other segments of the market.” John Burpee, NAI Tampa Bay “Steady increases in all asset types in both rental […]
Ford’s Garage restaurant and bar has flourished in the Fort Myers area, where the name Henry Ford resonates because the auto magnate had a winter estate there. Now the owners are developing their third unit in a high-traffic area near Brandon Town Center, where Henry’s name doesn’t beep as many horns. “We did have that […]
Author and lifestyle blogger Katherine Schwarzenegger often practices a public speech in front of her parents before going on speaking engagements. They know a thing or two about that. Schwarzenegger, an author and lifestyle expert, and daughter of actor and politician Arnold Schwarzenegger and journalist Maria Shriver, spoke to the Girl Scouts of West Central […]
A small development of new luxury homes is under development in Avila Golf and Country Club. Alvarez New Concepts, the sole builder in the community, is planning to build 12 new homes on lots with golf course frontage, starting at $1.3 million and averaging 3,500 square feet of living space. The community will feature Spanish […]
Hines Co. has sold off Azure, a 308-unit apartment complex in St. Petersburg’s Gateway area, for $54 million. Passco Companies LLC, based in Irvine, Calif., said Friday it had acquired the property, which wrapped up construction in 2014, for $175,324 per apartment. It is 94 percent occupied, according to Passco. The complex broke ground in […]
Hotels, apartments, restaurants: Tampa-based EWI Construction is seeing a surge of activity across all sectors of commercial real estate. The company is about to begin construction on a 48-unit apartment project in Ballast Point and is working on plans for hotels in downtown Tampa and Ybor City, EWI Founder Casey Ellison told Tampa Bay Business […]
An 11,000-square-foot estate on the auction block in Winter Haven has an in-house movie theater, music room and massage room — but if that’s not enough to keep a potential buyer entertained, the home is a five-minute drive from Legoland Florida. The husband-and-wife team behind Built By Waters, a custom homebuilding company, will auction off […]
Great weather that attracts hordes of tourists, growth in non-farm payrolls, a recovering housing market and a $15 billion state government surplus all played a role in Florida being ranked as the seventh-best economy among the 50 states. The rankings were compiled by Business Insider, which ranked the states’ economies on six measures: recent change […]
St. Petersburg’s next high-end apartment development is imminent. Coral Gables-based Allen Morris Co. will break ground on the Hermitage, a 348-unit apartment building at 750 First Ave., on Wednesday. The Hermitage will include studio, one- and two-bedroom units. The building will stand eight stories and feature a rooftop pool. The $70 million project is backed […]