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Tampa Bay–Lakeland

    By
  • Kevin McQuaid
  • January 11, 2019
The Commercial Question

Experts say the Gulf Coast's commercial real estate markets should remain strong in 2019, despite gathering headwinds and softness in certain property sectors.

  • Commercial Real Estate
    By
  • Kevin McQuaid
  • January 11, 2019
Apollo buys Largo assisted living facility

Apollo Global Management of New York acquired several area assisted living facilities as part of a $428 million deal with HCP Inc.

  • Commercial Real Estate
    By
  • Kevin McQuaid
  • January 11, 2019
Virginia firm buys Clearwater apartments for $78 million

General Services Corp.'s purchase of the Grand Reserve at Palm Isle brings to 11 the number of multifamily rental properties the Virginia company now owns in Florida.

  • Commercial Real Estate
    By
  • Kevin McQuaid
  • January 11, 2019
Richman razes Ringling for new complex

The Richman Group, in the wake of demolishing the former Ringling Shopping Center, plans to build a new 222-unit apartment complex on a 10-acre site in downtown Sarasota.

  • Commercial Real Estate
    By
  • Kevin McQuaid
  • January 11, 2019
Experts feeling cautious, but good, about commercial real estate outlook for 2019

Following a robust 2018, commercial real estate markets along the Gulf Coast are poised to be equally active in the year ahead.

  • Commercial Real Estate
    By
  • Business Observer Staff
  • January 10, 2019
Credit union names successor to retiring CFO

Doug Tilden has joined Tampa, Florida-based Grow Financial Credit Union as chief financial officer, succeeding Gail Wean, who is set to retire in April after 21 years with the company.

  • Tampa Bay-Lakeland
    By
  • Kevin McQuaid
  • January 9, 2019
Top Deals in Sarasota/Manatee in 2018

Residences once again dominated the top commercial real estate deals of 2018, but one of the area's most plush resort outpaced all other sales.

  • Commercial Real Estate
    By
  • Kevin McQuaid
  • January 9, 2019
Top Deals Southwest Florida 2018

A high-end resort topped the list of commercial real estate sales in Southwest Florida in 2018, but apartments continued to attract the majority of investors.

  • Commercial Real Estate
    By
  • Kevin McQuaid
  • January 9, 2019
"Nothing Else Like It"

After being owned by a single family for 60 years, the former Musgrave Dairy property in Manatee County north of Lakewood Ranch is being marketed for sale. Commercial real estate brokerage Marcus & Millichap expects it will sell for more than $70 million.

  • Commercial Real Estate
    By
  • Kevin McQuaid
  • January 9, 2019
Rainier buys Woodlands Square for $64 million

A Dallas-based investment firm has spent $64 million to acquire the Woodlands Square Shopping Center in Oldsmar in the wake of a multimillion renovation.

  • Commercial Real Estate
    By
  • Kevin McQuaid
  • January 9, 2019
Troubled Sears offering to sell Gulf Coast stores

Sears intends to sell or auction eight Gulf Coast Sears and Kmart stores in the first quarter of next year.

  • Commercial Real Estate
    By
  • Business Observer Staff
  • January 9, 2019
Financing in place, $350 million tower project enters new phase

Developers of the $350 million Riverwalk Place condo tower in downtown Tampa, Florida, have secured $24.5 million in construction financing from Mosaic Real Estate Credit LLC.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • January 8, 2019
Area hotel management firm snags Miami Beach executive

Tampa, Florida-based Mainsail Lodging & Development has hired Brad Hayden as vice president of finance.

  • Tampa Bay-Lakeland
    By
  • Business Observer Staff
  • January 7, 2019
Tech giant shutters office in region, but will remain in area

L3 Technologies, a supplier of detection and security technology to the federal government and armed forces, has leased the fifth and sixth floors of the Tampa Bay Times building, located at 490 1st Ave. S., in downtown St. Petersburg, Florida.

  • Tampa Bay-Lakeland
    By
  • Kevin McQuaid
  • January 4, 2019
On the Cusp

The $3 billion water Street Tampa project will see its first real vertical construction in the coming year, as a half doze new projects are now being built within the 53-acre project.

  • Commercial Real Estate
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