Business economists dial back growth expectations for next year
Business economists downgraded their expectations for GDP growth next year to 2.7 percent, but most expect the Federal Reserve to start raising interest rates this December. That’s according to a National Association for Business Economics survey of 50 professional forecasters. Back in June, the panel had projected a GDP growth rate of 2.9 percent next […]
3 things to look for when C1, CenterState and other banks release 3Q earnings
One gauge of the nation’s current economic health will start to emerge this week, as national and regional banks release their third quarter earnings. Here are three key indicators to keep an eye on, and why they matter to your business. Most banks are likely to say their loan portfolios grew in the third quarter, […]
Court blocks EPA from enforcing Clean Water Rule anywhere in U.S.
A federal appeals court temporarily blocked an Environmental Protection Agency regulation that would subject more bodies of water to Clean Water Act permitting requirements. Opponents of the Clean Water Rule say it’s so broad that it covers certain types of ditches, ponds and streams that only flow when it rains. They contend the rule makes […]
Developer breaks ground on luxury townhouses in downtown St. Pete
A luxury townhouse development in downtown St. Petersburg has broken ground. Regents Lane, as the development is called, will consist of 20 townhouses at 141 Fourth Ave. N., about a block and a half from Beach Drive. Tampa-based NJR Property Investments LLC has reservations for five of the units, a spokeswoman said Friday. Those reservations […]
Tampa sees construction permit values soar in fiscal ’15, beat previous record
The number of construction permits pulled in the city of Tampa fell year over year in fiscal 2015, but the total dollar value rose by nearly $400 million. In fiscal ’15, 23,161 building permits (16,855 residential and 6,306 commercial) totaling $2.4 billion were pulled. In fiscal ’14, the city had a total of 34,500 permits […]
South Florida developer says Tampa real estate will keep on booming
A Fort Lauderdale developer says he sees sustained demand for new development in Tampa for the foreseeable future. BTI Partners is gearing up to break ground on a 51-acre, mixed-use project on the Gandy waterfront, just south of the intersection of Gandy and Westshore boulevards. The first phase could break ground next year, though full […]