Large Florida landowner settles with regulators in case involving land valuations
The St. Joe Company and former executives have agreed to pay civil penalties as part of a settlement with the U.S. Securities and Exchange Commission in a case stemming from the downturn in the real estate market. The SEC accused the company, the largest landowner in northwest Florida, with improperly accounting for the declining value […]
Exclusive: Apollo Beach mansion built as Coastal Living’s ‘Idea House’ sold to local buyer (Photos)
An Apollo Beach mansion that once graced the pages of Coastal Living has been sold to a local buyer. The 4,780-square-foot home at 604 Balibay Road sold Monday for $1.5 million, said Jennifer Zales, an agent with Coldwell Banker Residential Real Estate, who marketed the property for sale. It is believed to be the highest […]
Alliance launches effort to tie together real estate around USF, University Mall, MOSI
Efforts to transform the thousands of acres surrounding the University of South Florida into a vibrant innovation district will officially kick off this week. Mark Sharpe, executive director of the Tampa Innovation Alliance and former Hillsborough County commissioner, is hosting an event Thursday evening to discuss those plans. The district includes 25,000 acres in North […]
National builder proposes two townhouse developments in South Tampa
A national homebuilder is looking to increase the density of two separate sites in South Tampa. David Weekley Homes, based in Houston, is proposing two townhouse developments: One at 405 S. Melville Ave., and another at 210 S. Arrawanna Ave., according to plans filed with the city last week. (See map embedded below.) Each development […]
Tampa company that funds homeowners associations raises $10 million in IPO
The newest publicly traded company in the Tampa Bay area is a specialty finance company offering funding for community associations. LM Funding America Inc. sold 1.2 million units for $10 a unit, and raised $9.9 million after expenses, a press release said. The company will use the proceeds of the offering for growth capital and […]
Tampa, Lakeland among cities with most seriously underwater properties
Tampa and Lakeland are among metros with the highest percentage of seriously underwater properties in the third quarter, a new report from RealtyTrac shows. Out of the top 10 markets with a population greater than 500,000 where the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated […]