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Commercial real estate has grown into a multi-trillion-dollar industry, largely without the benefit of purpose-built software or other tools designed to address its specific pain points. Today, however, its major players are steadily converting to a new way of doing business.
Transit-oriented development is the city's top method for combatting the housing crisis, but experts say the city must reduce all regulatory barriers on housing development.
The closing on the sale of the Renaissance Tampa International Hotel is expected in the second quarter and will complete a reverse 1031 exchange initiated to acquire the Ritz-Carlton Sarasota in April for approximately $171 million.
“A rapidly growing job base, increasing household income, and strong demand for quality apartments were all compelling reasons for developing this very well-positioned community," says Austin Knapp of Middleburg.