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Commercial Real Estate

  • By Kevin McQuaid
  • March 1, 2019
Austin Center's value largely flat from 2015 purchase

Ally Capital's $28.96 million deal for the five-building Austin Center office project in Tampa's Westshore district was just 1.8% more than previous owner Redstone Commercial paid for the property in 2015

  • Commercial Real Estate
  • By Brian Hartz
  • February 22, 2019
Master class: Restoration firm takes big step up with new property

With the help of a $2.5 million loan from American Momentum Bank, Master Restoration — a 10-year-old Clearwater, Florida, firm that helps residential and commercial property owners across Florida and the Southeast recover from fires, floods, hurricanes an

  • Tampa Bay-Lakeland
  • By Brian Hartz
  • February 22, 2019
Package deal: Long-vacant former post office given new lease on life

In December, Plant City, Florida, officials finalized the city's acquisition of the former downtown post office, a building on the prime corner of Reynolds and Wheeler streets that sat vacant and dilapidated for more than a decade.

  • Commercial Real Estate
  • By Grier Ferguson
  • February 22, 2019
New spring training stadium for Atlanta Braves in North Port almost complete

With just a handful of weeks left, the construction team behind the $125 million project is wrapping up several elements.

  • Commercial Real Estate
  • By Kevin McQuaid
  • February 22, 2019
Epoch developer says Sarasota condo tower will be epic project

Seaward Development says its planned 23-unit Epoch luxury condo tower in downtown Sarasota will embody all of the attitudes toward quality the company has been focused on.

  • Commercial Real Estate
  • By Kevin McQuaid
  • February 22, 2019
Casto Southeast Realty begins work on Center Point in Lakewood Ranch anchored by medical office building

Casto Southeast Realty is kicking off its Center Point development on 50 acres in Lakewood Ranch with a 73,500 -square-foot medical office building, which will be joined in a later phase by retail shops and a hotel.

  • Commercial Real Estate
  • By Kevin McQuaid
  • February 22, 2019
Starwood Capital buys trio of Marriott hotels

Starwood Capital has invested $79 million to acquire a trio of Marriott-branded, extended stay hotels near major airports in Tampa and Fort Myers from an Atlanta company.

  • Commercial Real Estate
  • By Kevin McQuaid
  • February 22, 2019
Tampa firm buys Lakeland apartments

A Tampa firm has set a Polk County pricing record for multifamily with a $50 million purchase of the Victoria Landing apartments, in Lakeland

  • Commercial Real Estate
  • By Kevin McQuaid
  • February 22, 2019
Summit Splashes into St. Petersburg

Summit Real Estate has purchased five buildings in two St. Petersburg business parks in a bid to expand its investment footprint to Florida.

  • Commercial Real Estate
  • By Kevin McQuaid
  • February 15, 2019
New York's Red Apple Group planning a "destination block" in St. Petersburg

Developer Red Apple Group hopes to create a building that is accretive to the community when it builds a 200-plus-room hotel and condo tower at 400 Central Ave. in downtown St. Petersburg.

  • Commercial Real Estate
  • By Kevin McQuaid
  • February 15, 2019
Market Spotlight: Sarasota.Manatee Retail Market

The Sarasota and Manatee retail submarket has enjoyed steady activity over the past four years, with shrinking occupancies and rising rental rates. At the same time, development has largely been limited to certain sectors and projects.

  • Commercial Real Estate
  • By Kevin McQuaid
  • February 15, 2019
Nuveen buys Tampa apartments for $62 million

Nuveen Real Estate, the affiliate of the Teachers Insurance & Annuity Association, has purchased the 5 West apartments in Tampa's Rocky Point, it's third major multifamily rental project in the region in the past 18 months.

  • Commercial Real Estate
  • By Kevin McQuaid
  • February 15, 2019
Key Logistics Center building sells — again

Chicago-based logistics leader GLP spent $47 million to buy a Lakeland Ikea fulfillment center run by DHL Supply Chain, part of a portfolio deal involving multiple properties worldwide.

  • Commercial Real Estate
  • By Kevin McQuaid
  • February 15, 2019
NAIOP Hall of Famer's "Fan Club" well deserved

CRE Consultants' Managing Partner and former Florida Market Leader at CBRE Inc. Ray Sandelli was recently inducted into the NAIOP Tampa Bay's Hall of Fame, and former colleagues marked the occasion to create a "Fan Club" for him

  • Commercial Real Estate
  • By Kevin McQuaid
  • February 8, 2019
q&a | Stan Stouder

Stan Stouder, a founding partner of commercial real estate brokerage firm CRE Consultants in Fort Myers, unpacks what's driving Southwest Florida's commercial real estate market and what might be ahead in the coming year.

  • Commercial Real Estate
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