Commercial real estate off to a fast start across the region

A surge of deals at the end of 2022 was met by another flurry of deals to kick off 2023.

By Louis Llovio
| 5:00 a.m. January 9, 2023
| 0 Free Articles Remaining!

A major St. Petersburg development, the Residences at 400, has secured $252 million in construction financing.

Commercial Real Estate

While the potential of an economic downturn, including a slowdown in several commercial real estate sectors — maybe even multifamily? — looms large, 2023, at least from a deals perspective, is off to a busy start. Recent deals in the region this year and late last year include a nearly $30 million office sale in Tampa and a Virginia company paying $115 million for an apartment complex in Sarasota.

A look at some of the details behind the most notable deals and announcements includes: