Apartments dominate, but resorts rise

Apartments once again dominated the Top Deals in the region’s three distinct submarkets, but the Gulf Coast returned somewhat to equilibrium in that large transactions occurred in various property sectors in 2018, echoing past performance.

For the first time in at least five years, too, hospitality sales topped each submarkets’ top five transactions, as major resorts such as the Hyatt Regency Coconut Point Resort & Spa; the Ritz-Carlton Sarasota; and the Vinoy Renaissance Resort & Golf Club traded hands.