TAMPA, FL—With land harder to come by—and selling for higher prices as scarcity increases—some developers are eyeing submarkets further north.

LAND O' LAKES, FL—Wood Partners reports it has broken ground on Alta Terra Bella, a 19-acre luxury rental community that when built out will feature 311 garden apartments in 14 three-story buildings.

TAMPA, FL—Even as the industry continues to consolidate, brokers are playing musical chairs. Franklin Street was on the winning end of this deal.

ELLENWOOD, GA—A partnership affiliated with Montreal-based Rosdev Group and Tampa, FL-based Blue Rock Partners, LLC reports it has closed on the $9.8-million purchase of Oak at Ellenwood apartments in this Atlanta suburb in an all cash deal.