Rental units in The Slade, a fractured condominium in downtown Tampa’s Channel district, have a new owner. A joint venture of Cardinal Point Management, based in St. Petersburg, and Boston-based Long Wharf Real Estate Partners LLC paid $40 million for the 214 rental units and approximately 11,500 square feet of retail space, Cardinal co-founder Greg […]
In recent years, Chinese citizens have confused a rising stock market with a healthy one, and an economic system with a sustainable one. Today, many of the problems occurring in China are reflective of much bigger issues. Consequently, moving forward, China’s brand of one-party capitalism will incur inescapable difficulties. And because China is the world’s […]
Strategic Property Partners, the real estate company controlled by Jeff Vinik and Cascade Investment LLC, is keeping a cautious eye on multifamily development in downtown Tampa. Vinik, who owns the Tampa Bay Lightning, said Monday that multifamily projects in Tampa’s urban core may be getting ahead of demand. As of March, there were 1,389 units […]
When Kolter Group started planning One St. Petersburg, a 41-story condominium tower on Second Street North, its executives knew the deal could be pushing the limits of a market the size of St. Pete. But pre-sales have surpassed Kolter’s expectations, and the West Palm Beach-based developer will break ground on the 253-unit tower and adjacent […]
At first blush, Wesley Burdette’s development plans in Seminole Heights sound nothing short of aggressive. He’s under contact to buy .87-acre site at the corner of North Florida and East Wilder avenues, where he’ll build about 50 apartments and some retail space. In December, the first residents will move into the Warehouse Lofts, a 54-unit […]
A former shelter for domestic abuse victims in Old Northeast will be demolished next week to make way for eight luxury townhouses. Aspen Venture Group, based in St. Petersburg, closed on the site at 426 11th Ave. NE in August, according to Pinellas County property records. The townhouses, named The Sanderling, will range in price […]
A 7,500-square-foot home in Redington Beach with sweeping views of the Gulf of Mexico from nearly every room is listed for sale at $7.9 million. Tracey Gardiner, an agent with Coldwell Banker Residential Real Estate’s Belleair office, took the property to market about 10 days ago. At $7.9 million, it is one of the highest-priced […]
The developer behind the Warehouse Lofts in Seminole Heights is zeroing in on a nearby site for his next project — a mixed-use building at the corner of North Florida and East Wilder avenues. Wesley Burdette said Tuesday he is under contract to acquire the .87-acre site at 5023 N. Florida Ave., where he’ll demolish […]
It’s not often we find a job that perfectly combines professional experience and personal hobbies, but in her new role as vice president of product for New York-based Compass real estate brokerage, Christina Allen found exactly that. Allen, who previously worked at LinkedIn, will develop digital products to change how people buy and sell houses. […]
Construction spending hit $1.1 trillion in September, its highest level since March 2008. That’s according to an analysis by Associated General Contractors of America, which pointed out the number would have been even higher if it weren’t for a shortage of construction workers. “Overall, demand for construction continues to grow at a very robust rate,” […]