BB&T Hillsborough market president joins Tampa Housing Authority board
Mayor Bob Buckhorn named Bemetra Simmons to serve as a commissioner on the board of the Tampa Housing Authority. Simmons is Hillsborough market president at Branch Banking & Trust and was a Tampa Bay Business Journal Up & Comer in 2013. BB&T (NYSE: BBT) is among the largest banks in Tampa Bay, and had 14 […]
18-story condo tower breaks ground in downtown St. Petersburg (Rendering)
Construction is underway on an 18-story condo tower with panoramic views of the St. Petersburg waterfront. Twenty six of 29 units in Bliss have been presold, with buyers putting down nonrefundable deposits. Site work began at 176 Fourth Ave. NE in recent weeks, and the development team will hold a groundbreaking ceremony on June 17. […]
Economist: Florida’s ‘Greater Recession’ receding, growth on the horizon
Florida’s economic downturn, which was longer and more severe than the rest of the nation, is mostly in the rear-view mirror, according to University of Central Florida economist Sean Snaith. That’s encouraging news for the estimated 800 people a day who move to the state, looking for opportunity, and the business community where many of […]
Florida AG accuses Clearwater firms of fraud in property deals
Attorney General Pam Bondi filed a complaint against two Clearwater businesses and their president, alleging the companies defrauded consumers out of thousands of dollars in a land buying scheme. According to the complaint, Property Solutions International Corp., Premier 1 Property Inc. and Marvin Scott promised consumers they could sell their property for many times the […]
Why apartment developers are betting big on an affluent renter pool in Tampa
The upscale apartment developments in the works around Tampa’s urban core are risky propositions, no matter how you slice it — but perhaps less risky right now than ever before. In this week’s edition of the Tampa Bay Business Journal, we take a look at Tampa’s apartment market and whether it’s heading for a peak. […]
Exclusive: Fractured condo community in Carrollwood on the market
The South Florida investors who bought a suburban Tampa condominium community out of financial distress in 2009 are putting the units on the market for a bulk sale. Vertica Partners LLC, based in Tampa, is marketing 218 of the 390 units in Arbors at Carrollwood for sale. Arbors at Carrollwood is a fractured condominium because […]