A suburban apartment community has been sold for a price that is toward the higher end of multifamily real estate in Tampa Bay.

Crescent Communities, based in Charlotte, North Carolina, sold Crescent Crosstown for $58.3 million in a transaction that closed Monday, according to Hillsborough County property records. The deal breaks down to $169,476 per unit.

The buyer was Atlanta-based Centennial Holding Company, which appears to have already rebranded the 344-unit community Century Crosstown. The… …read more

The South Florida developers pursuing a massive, mixed-use project on the Gandy waterfront have shared additional details about the project.

BTI Partners, based in Fort Lauderdale, have filed plans with the city of Tampa for residential, retail and office space on the 51-acre site that’s just south of Gandy Boulevard, at Gandy and Bridge Street, near the intersection of Gandy and Westshore boulevards.

BTI intends to be the master developer, said Beck Daniel, vice president of acquisitions for BTI.… …read more

A leading residential real estate firm in southwest Florida has acquired Stirling Sotheby’s International Realty.

Naples-based Premier Sotheby’s International Realty — led by former Oviedo Mayor Judy Green — bought the Heathrow-based Stirling Sotheby’s franchise for an undisclosed price on Oct. 1. The acquisition will bring Premier Sotheby’s another 90 agents, putting its total at 900 associates throughout Central and southwest Florida and in North Carolina.

Stirling Sotheby’s co-founder… …read more

Student loans aren’t a big hurdle to homeownership, at least for those who actually graduate with at least a four-year degree, according to real estate website Zillow.

The impact of hefty student loans on career and family and the pace of millennials moving into homeownership have been points of heated debate.

But Zillow says high rents, a growing problem across the country, can be a bigger hurdle to homeownership by making it harder to save for a downpayment. The region’s hefty price tag for housing… …read more

Brooke Layton can’t seem to buy enough land.

The co-owner of Devonshire Custom Homes plans to close on four sites in the next four weeks — two of which already have buyers lined up.

“Everything I buy, someone seems to want,” Layton said, “and you can’t get customers unless you have the land.”

Demand for custom homes — driven by both locals who want a new house and out-of-town buyers relocating to the region — is pushing up lot prices in the region’s hottest neighborhoods: South… …read more