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Commercial Real Estate

  • By Business Observer Staff
  • September 21, 2018
Sembler completes renovation of Disston Plaza

The Sembler Co. has completed its 10-month renovation to Disston Plaza in St. Petersburg, with a new Publix Super Markets Inc. store and improvements to lighting, roofing, landscaping and signage.

  • News
  • By Kevin McQuaid
  • September 14, 2018
Kolter Group begins work on Ritz-Carlton Residences in Sarasota

The Kolter Group has begun construction on an 18-story, 73-unit condominium tower in downtown Sarasota to be known as the Ritz-Carlton Residences, the result of its affiliation with the Marriott-branded resort next door.

  • Manatee-Sarasota
  • By Kevin McQuaid
  • September 14, 2018
Water Street Tampa poised for a trio of new office offerings

Strategic Property Partners, after focusing on hotels, restaurants and residences the past two years, is preparing to develop a trio of new office buildings as part of its $3 billion downtown Tampa project

  • Commercial Real Estate
  • By Kevin McQuaid
  • September 14, 2018
Henderson joins Avison Young capital markets team in Tampa

Allen Henderson joins commercial real estate brokerage firm Avison Young in Tampa to beef up the company's capital markets group amid heightened investment activity.

  • Commercial Real Estate
  • By Kevin McQuaid
  • September 14, 2018
Taylor Morrison buys Bradenton land for $10.52 million

Homebuilder Taylor Morrison spend $10.52 million to acquire a 200-tract owned by the City of Bradenton, where it will build 350 new homes

  • Commercial Real Estate
  • By Kevin McQuaid
  • September 14, 2018
Canadian company buys Westshore Embassy Suites hotel

Westmont Hospitality Group, a Canadian company with offices in Houston, has acquired the 243-room Embassy Suites hotel in the Westshore section of Tampa for nearly $43 million.

  • Commercial Real Estate
  • By Kevin McQuaid
  • September 11, 2018
Longtime attorneys shaped the Sarasota of today

A trio of long-time Sarasota attorneys who practiced real estate law and passed away this summer had a tremendous impact on the city and how it grew

  • Commercial Real Estate
  • By Kevin McQuaid
  • September 7, 2018
FDOT slowly moving ahead on Westshore purchases

FDOT plans to develop an intermodal hub in Tampa's Westshore business district and make right-of-way improvements to Interstate 275 has slowed, but officials say the programs are continuing.

  • Commercial Real Estate
  • By Kevin McQuaid
  • September 7, 2018
Tampa area ranks among top U.S. secondary MSAs

The Tampa-Clearwater-St. Petersburg MSA ranks as one of the top "secondary" areas in the nation for CRE investors

  • Commercial Real Estate
  • By Kevin McQuaid
  • September 7, 2018
Lee County industrial tenant requirements swelling

Developers in Lee County like Knott Realty Group are finding that industrial tenant requirements are growing in response to the growth in e-commerce and the county's low vacancy rate

  • Commercial Real Estate
  • By Kevin McQuaid
  • September 7, 2018
Sarasota luxury hotel plans starting to gel

New York investment banker turned developer L. Ron Gray's plans to create a five-star hotel on the site of a Sarasota County-owned parking lot are gelling with new partners, a defined timeline and a set number of rooms.

  • Commercial Real Estate
  • By Kevin McQuaid
  • August 31, 2018
Gulf Coast hotel sales climb into new territory

The $171 million sale of the Ritz-Carlton Sarasota resort, among other hotels, shows that Gulf Coast lodging properties are gaining in popularity among institutional investors such as real estate investment trusts.

  • Commercial Real Estate
  • By Kevin McQuaid
  • August 31, 2018
Teachers Insurance buys St. Petersburg apartments

Teachers Insurance & Annuity Association pays $81.1 million for St. Petersburg apartment complex Fusion 1560, in one of the largest multifamily rental transactions in the Tampa Bay area this year.

  • Commercial Real Estate
  • By Kevin McQuaid
  • August 31, 2018
Central Florida leases pair of buildings at Commerce center

Central Florida Development has fully leased a pair of speculative industrial buildings it constructed in the Central Florida Commerce Center,in Lakeland

  • Commercial Real Estate
  • By Kevin McQuaid
  • August 31, 2018
AAA completes relocation to Renaissance Center in Tampa

AAA relocates 750 workers to new office space in Tampa's Westshore Business District after fully leasing a speculative building that New Jersey-based Vision Properties developed at the 71-acre Renaissance Center business park.

  • Commercial Real Estate
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