Commercial Real Estate

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By Kevin McQuaid
September 20, 2019

MetLife to stay at Highwoods Preserve

MetLife has renewed its 176,000-square-foot lease in Highwoods Properties' Highwoods Preserve project in North Tampa, one of the largest office commitments in the region since early 2018.

Commercial Real Estate

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By Kevin McQuaid
September 20, 2019

Gateway Professional Centre sells for $45.2 million

TerraCap Management of Bonita Springs has sold the four-building Gateway Professional Centre office complex in Sarasota to Boston-based Taurus Investment Holdings of Boston for $45.2 million.

Commercial Real Estate

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By Kevin McQuaid
September 13, 2019

Gulfstream Isles apartments sell for $109 million

Gulfstream isles, a Fort Myers apartment complex that set a record price when it sold three years ago, has traded again for an ever larger amount, at $109 million. A Dallas firm acquired the property as part of a growth strategy.

Commercial Real Estate

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By Kevin McQuaid
September 13, 2019

Tampa among nation's most active apartment markets

The Tampa area in 2019 ranks among the Top 20 U.S. markets for new apartment unit development, according to a new survey from real estate researcher Yardi Matrix.

Commercial Real Estate

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By Kevin McQuaid
September 13, 2019

Iconic Sarasota "Vault" building is purchased by investor

Doug Libertore, a Sarasota investor, has purchased the city's "vault" building for $4.1 million, where he plans to open a new brain and autism spectrum research center.

Commercial Real Estate

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By Kevin McQuaid
September 13, 2019

Stone, Steel, Wood

Altis Cardinal's Elements on Third repurposes a series of old office buildings for apartments in St. Petersburg

Commercial Real Estate

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By Denise Federer
September 13, 2019

Six steps to become an inclusive leader.

It’s a proven-successful approach to leadership that companies are quickly adopting.

Transactions

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By Business Observer Staff
September 6, 2019

Grocery chain acquired, plans to expand bulk, private label sections

Richard's Foodporium has 12 retail stores in Florida and a 22,000-square-foot warehouse complex in north Sarasota.

Manatee-Sarasota

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By Kevin McQuaid
September 6, 2019

Channelside Apartments trade for $65.2 million

A California investment firm has acquired the 325-unit Channelside Apartments in Fort Myers for $65.2 million, an 18.5% premium to the $55 million the seller paid in April 2016.

Commercial Real Estate

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By Kevin McQuaid
September 6, 2019

Elvis has left the building

Daniel Peek, who while at HFF negotiated some of the largest hotel sales in area history, has left the firm amid its merger with JLL to join Hodges Ward Elliott, a New York brokerage, where he will be president of its hospitality division.

Commercial Real Estate

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By Kevin McQuaid
September 6, 2019

IP Capital completes a Grand deal

$226 million purchase of the Grand Hyatt Tampa Bay and Bayport Plaza will further integrate the two properties in Tampa's Westshore district

Commercial Real Estate

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By Kevin McQuaid
September 6, 2019

What They're Saying: CoStar Group, JLL

Florida's retail sector, especially in areas like Tampa, St. Petersburg, Sarasota, Naples and Orlando, has shown strong rental rate and occupancy growth over the past year, despite advances from online shopping that have prompted store closings, according

Commercial Real Estate

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By Kevin McQuaid
September 6, 2019

Dozens apply for St. Petersburg Pier Marketplace slots

The St. Petersburg Municipal Pier Marketplace project has received 70 applications from prospective vendors, who will compete for 17 slots in the project that is part of the city's $76 million pier renovation.