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ST. PETERSBURG, FL-Lutz Real Estate Investments increases its investments in the Tampa-St. Petersburg market to $65 million with the acquisition of the office component of 100 Central Station.
SARASOTA, FL-Buoyed by a lack of space on the market, the Sarasota/Manatee County area office market sees a drop in vacancy from 10.1% in the first quarter to 8.8% in the second quarter.
NAPLES, FL-Kite Realty's recent announcement that it had acquired three shopping centers in Naples, FL, is just one salvo in a full-fledged battle to expand its presence throughout the state. Indianapolis-based Kite now owns six neighborhood centers in the Naples area, and is building two more. And that's just the beginning. Kite's Florida expansion plans, however, extend well beyond Naples. Kite Realty has been developing and acquiring in Florida for a decade.