If federal regulators approve Staples’ $6.3 billion deal to buy Office Depot, it will likely mean a number of those stores will go dark — and that could be a good thing for Tampa Bay retailers. The retail real estate market in Tampa Bay is extremely tight, with less than 6 percent vacancy in any […]
Both BMO Capital Markets and The PNC Financial Services Group have issued fairly upbeat reports about the area’s economy. BMO projects Florida’s growth will exceed the national average this year, with strength in employment growth a “big positive” for job seekers, said Dave Maraman, Florida regional president-business banking, BMO Harris Bank. BMO said nonfarm payrolls […]
Tampa Bay has always seemed perfect for a high-speed ferry line and Wednesday, the Hillsborough County Commission unanimously recommended forging ahead. The initial plan is to connect south Hillsborough County with commuters to MacDill Air Force Base. The idea is to start with that route in order to test demand. While the plan has won […]
The redevelopment of the Oliva Cigar Factory in Ybor City will be aided by incentive dollars from Hillsborough County. Darryl Shaw, CEO of Tampa-based Blue Pearl Veterinary, is planning to convert the the three-story, 30,000-square-foot building at 2008 N. 19th St into 38 multifamily units. Shaw’s real estate pursuits in Ybor are separate ventures from […]
One of the most desirable tracts of vacant waterfront land in Tampa Bay appears to be moving toward development. The developers of Georgetown, a 162-acre parcel off of South West Shore Boulevard, have filed plans with the city proposing changes to the canal improvement plans for the site. Christian Tyler Properties, Avanti Properties, DeBartolo Development […]
Drawn to Seminole Heights by the evolution of the neighborhood, a vintage retailer has set up shop on North Florida Avenue. Vintage Post Marketplace has been open for about two weeks at 5206 N. Florida Ave., in a 9,000-square-foot space that was previously a post office and most recently a Napa Auto Parts store. The […]
Tired of snow? Home builders are. An index tracking builders’ confidence in the market for new single-family homes fell 2 points in February to 55, according to the National Association of Home Builders. You can blame snow for the drop, not weaker fundamentals, according to NAHB. “Overall, builder sentiment remains fairly solid, with this slight […]
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 employee keeps venting to other team members, but not to me I have an employee with whom I have made every […]
Most indicators are pointing to a stronger economy in 2015, and that filters to the Tampa Bay area, according to Mekael Teshome, an economist for The PNC Financial Services Group. The core economic drivers for the region — housing, consumer spending, tourism and in-migration — are very much tied to national trends. “With a pickup […]
If Bill Edwards were to sell Sundial — and it’s not totally clear if the property is for sale, or was for sale — the retail center would have to command a gargantuan price for him to break even. But the downtown St. Petersburg market is getting so hot, real estate observers say, that kind […]