The Top Deals of 2011

Each week, the Business Review reports on many commercial real estate transactions, of all amounts and in all sectors. The following are the top deals published in the Business Review's Commercial Real Estate section between Jan. 7 and Dec. 9. Debit-only transactions are not included because final purchase price is generally not disclosed. In addition, we researched activity in each sector to see how the market has performed the past year and what the trend is for each area and sector for 2012.

TAMPA BAY: MOVING MULTIFAMILY
Judging by the top sales in Tampa Bay, one product dominated the big bucks this year: multifamily. Only two retail deals, Northwood Plaza and Collier Commons, even cracked the top 10. The remaining deals were either apartment complexes or multi-unit distressed condominium buys.

The multifamily deals also distinguished themselves by their performance. Of the seven multifamily deals in the top 10, all had an occupancy above 94% at the time of the sale. There were three each at 94% and 95%, respectively, and Sterling 42nd Street was at 98%.