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Hotel developers boast of the industry's success, but for builders without extensive experience or the backing of a major brand, it's nearly impossible to line up financing or to construct a property in a gateway city
IRVINE, CA—U.S. median home price increases annually for 30th consecutive month in September;59% US metros post single-digit annual home price appreciation in September.
TAMPA, FL—Capitalization rates are compressing in Tampa. But what's causing it? GlobeSt.com's Jennifer LeClaire caught up with Franklin Street's Jonathan Graber to get his thoughts on this and other topics in this <b> EXCLUSIVE </b> interview.
TAMPA, FL—“For companies seeking an incubator environment and a downtown presence, we are offering virtual suites with common conference room amenities and a collaborative workspace,” says developer Bud Strang.
NEW PORT RICHEY, FL—The Pasco Square Shopping Center has been sold by Phillips Edison and Co. to Isram Acquisition Corp. The 135,421-square-foot shopping center was 90% leased at the time of the sale.
TAMPA, FL—Real estate firm Franklin Street reports that it has hired Tom Kersting, formerly of Aon Risk Services of London, as president of insurance services.
TAMPA, FL— “The greatest investor demand right now is for grocery-anchored neighborhood centers, especially Whole Foods-anchored centers," says Ron Schultz of Colliers International Tampa Bay.
ORLANDO—From South Carolina to Florida, the Southeast is seeing some infrastructure projects that could strengthen commercial real estate prospects in the years ahead.
CHICAGO—The new firm is a branch of Magellan Development Group, which built the 28-acre Lakeshore East project in Chicago, and will buy multifamily communities across the US.