Good news for home builders and maybe for the economy as a whole: Sales of new homes increased nearly 7 percent in April to a seasonally adjusted annual rate of 517,000, according to the U.S. Census Bureau. That’s still a below-average rate historically, but it’s up 26 percent compared with April 2014. Plus, home builders […]
Just over a year in construction, Tampa Bay Brewing Co.’s new facility is set to open July 6. The 17,400-square-foot brewery/restaurant, built from the ground up, is located on Racetrack Road in Oldsmar, a quarter mile north of Hillsborough Avenue. “The major construction is done and we’ll soon be installing equipment and start landscaping,” said […]
Sales of existing houses unexpectedly fell in April, providing the latest bit of confusing data about the health of the housing market. The National Association of Realtors reports sales of single-family homes, townhomes, condominiums and co-ops dropped 3.3 percent in April to a seasonally adjusted annual rate of 5.04 million. The good news is that’s […]
Landmark Apartment Trust Inc. wants to raise up to $375 million in an initial public offering of its common stock. A hot market for apartments is driving the IPO. Multifamily was the first sector of commercial real estate to grow post-recession, as people who lost homes to foreclosure or had damaged credit became renters, as […]
When Smitha Ramchandani was 24 years old, she was a newly married immigrant from Bombay who wasn’t sure where to look for a job. Did she want to run a salon, as her family did in India? Not really. Did she want a 9-to-5 position? Not her style. Ramchandani settled on real estate, after driving […]
On a serene cul-de-sac in Sunset Park sits an overgrown, vacant lot where Tampa Developers LLC plans to build a lavish mansion — for a buyer to be determined later. The group closed on the site last week, paying $2 million for the .31-acre lot, which sits on a finger of land that juts out […]
Each week Alison Green, who also writes the “Ask a Manager” website, answers workplace and management questions from readers. Please comment or ask your own question by emailing her at alison@askamanager.org. Question 1. My new employee lied on his resume I joined my current company last year and was recently promoted from my former position […]
The May 15 issue of the Tampa Bay Business Journal contains a List of the wealthiest ZIP codes in the Tampa Bay area. The rankings are provided by the Environmental Systems Research Institute (Esri). Pinellas County is home to the highest number of ZIP codes on the List. The nine Pinellas locations represents a significant […]
Housing starts jumped 20 percent in April to a seasonally adjusted annual rate of 1.135 million, the highest number in more than seven years. Building permits for housing units increased 10 percent to a seasonally adjusted annual rate of 1.143 million, up 10 percent from March, according to the Census Bureau. Both numbers were higher […]
Monthly, we invite a group of executives across a range of sectors to lunch. The goal is to gather business leaders in one place so we can develop strong story ideas, bolster relationships and stay informed. Common threads emerge such as the region’s brand and labor and workforce gaps. But what comes up at nearly […]