(Carl Cronan is editor of RealEstate Florida.)
CLEARWATER, FL-Apartment investors appear to be stepping uptheir activity in the Tampa Bay market lately, with transactionsgoing to closing more quickly and the gap narrowing between pricesoffered and sought for properties, say local multifamily brokers.They say some buyers are racing toward the end of this calendaryear to avoid higher capital gains taxes expected in either 2009 or2010.
"We are starting to see the market pick back up," John Burpee,president of NAI Tampa Bay in Clearwater, tells GlobeSt.com. "Thereis a big push among owners that if they are in the mindset to sell,they want to be able to close in 2008."
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