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TAMPA, FL—The Hyatt Regency will soon become a Hilton in the wake of Driftwood Hospitality Management's $13 million renovation of is just-acquired hotel in Tampa.
MIAMI—Tampa-based Elco Landmark Residential is snapping up multifamily properties back to back to back. After completing a $100 million worth of transactions in December, the company has acquired another portfolio in a joint venture.
WASHINGTON, DC-The deal will give Cassidy Turley greater exposure to the Florida market as well as other cities—and a significant push into the senior housing market, CEO Joe Stettinius tells GlobeSt.com's Erika Morphy.
TAMPA, FL—Triple-net deals are fewer and further between in Florida, especially on the drugstore front. But summertime saw a rush of triple-net trades worth noting.
When an underground tunnel connecting PortMiami and Interstate 395 is completed in 2014, flatbed trucks hauling cargo containers will be able to travel from Miami to Massachusetts without passing through a single traffic light. Nearby, a restored rail link connecting the Port with the Florida East Coast Railway will enable the transfer of up to 200 containers at a time, a far cry from the one-by-one loading process underway today.
The keyword on the Southeast's infrastructure scene is ports. Although roadway and railway projects are seeing some attention, ports are the critical link to commercial real estate growth in many Southeast regions.