Residential Real Estate

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By Louis Llovio
July 2, 2024

Investor gets $40M loan to buy Fort Myers apartments

Berkadia arranged the five-year loan for the Boca Raton firm that bought the Brantley Pines apartments off of Cleveland Avenue.

Charlotte–Lee–Collier

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By Elizabeth King
July 1, 2024

Waterfront Naples condo sells for $6M, beats building record by $1M

A condominium on “Millionaire’s Row” in Naples sold for almost $1 million more than what the buyer paid for it in 2022.

Charlotte–Lee–Collier

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By Louis Llovio
June 30, 2024

Benderson buys Naples TJ Maxx, Walmart-anchored shopping center

In the week's top commercial real estate news, a Lakeland credit union buys a Venice property, a Chicago developer opens one apartment complex and sells another in Tampa, and a health care company signs a $4 million lease in Port Charlotte.

Florida

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By Louis Llovio
June 20, 2024

Condo owners hit again as Citizens requests 14.2% rate hike

Already facing increased assessments and association fees, the state’s condo dwellers may see their insurance costs jump as Citizens Property Insurance Corp. looks for rate hike.

Florida

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By Louis Llovio
June 19, 2024

$500K loan approved for Lee County low-income apartments

The Lee County Commission agreed to prove the loan to developers of a 78-unit apartment complex for those who qualify as low income or extremely low income.

Charlotte–Lee–Collier

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By Elizabeth King
June 19, 2024

Developing Manatee County community to hit $75M in new home sales

North River Ranch, a master-planned community in Parrish, is approaching a sales milestone.

Manatee-Sarasota

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By Elizabeth King
June 17, 2024

Apartment complex in Sarasota sells for $43M

Huntington Place Apartments more than doubled in value in the past 11 years.

Manatee-Sarasota

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By Louis Llovio
June 12, 2024

Ybor City-adjacent apartments sell to South Carolina investor

The Lector 85 apartment community is about a mile from the historic district in Tampa and not far from downtown.

Tampa Bay-Lakeland

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By Louis Llovio
June 9, 2024

$120 million hospital project to officially break ground in east Manatee

In the week's top commercial real estate news, a Pinellas County shopping center sells for $7.5 million, a Sarasota condo project sees double and Lee County keeps fighting for discount.

Florida

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By Louis Llovio
June 7, 2024

Work starts on 80-unit affordable housing project in Largo

The apartments for seniors are part of Pinellas County’s redevelopment of the Rainbow Village public housing community.

Tampa Bay-Lakeland

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By Louis Llovio
June 6, 2024

Real estate exec: Troubled condo market will get worse

As new safety rules take effect, Florida’s condominium owners are struggling to adjust to the cost of the mandates, and a bad hurricane season could make things much worse.

Florida

Andrew Warfield

For Subscribers Only

By Andrew Warfield
June 6, 2024

St. Pete firm starts work on 96-unit affordable housing project in Sarasota

Development on the North Trail will set the tone for affordable housing with a market rate lifestyle.

Manatee-Sarasota

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By Business Observer Staff
June 6, 2024

Pat Neal donates award, plus $200K, to land conservation group

The chairman of Neal Communities combines 2024 Hearthstone BUILDER Humanitarian Award with additional funds for a $350,000 gift to Conservation Foundation of the Gulf Coast.