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TAMPA, FL-The Westshore submarket, near Tampa International Airport, is being transformed into a new Downtown area that will push rents to $20.53 per sf by year end, according to a new market analysis by Marcus & Millichap Real Estate Investment Brokerage Co.
ST. PETERSBURG, FL-Local philanthropist and property owner Dr. Kiran C. Patel and partner Rupesh Shah pay Days Inn hotelier Tony Markopoulos $13.3 million per acre or an unprecedented $306-per-sf price, believed to be one of the highest for comparable Central Florida properties, local brokers tell GlobeSt.com.
TAMPA, FL- Tom Boltres has joined the firm's Tampa office as VP in the investment group. Boltres was most recently VP in the investment group at Carter & Associates' local office.…
TAMPA, FL-Six brokers in the local office of Atlanta-based Carter are at new desks in the newly established quarters of Studley, a New York-based brokerage. This is Studley's second Florida office after previously opening operations in Fort Lauderdale.
TAMPA, FL-Advenir Inc., a Rocky Hill, CT-based private investment firm, sells the 204-unit, 18-year-old property in suburban Brandon to South Florida private investors for nearly $9.9 million or $48,284 per unit. The buyer assumed an existing Fannie Mae mortgage on the 94%-occupied asset.
ALTAMONTE SPRINGS, FL-The Columbus, OH-based national homebuilder adds 1,920 sf to its 13,000-sf Central Florida quarters at the 48,768-sf Premiere Point South with a 47-month lease aggregately valued at about $1 million.
TAMPA, FL-Lot prices and rents are rising as banks, supermarkets and other small businesses vie for developable space under 10,000 sf at or near regional malls and neighborhood shopping centers, according to a Trammell Crow Co. industry analysis.
CLEARWATER, FL-Sunvest Communities LLC of Hollywood pays developer Del American Inc. of Altamonte Springs $49 million for the 336-unit Grand Venezia at Bay Watch and $19 million for the remaining 86 units at adjacent Grand Bellagio at Bay Watch.
JACKSONVILLE, FL-John M. Crossman, Trammell Crow Co. senior vice president of retail investment sales for the Southeast, expects the Super Bowl city to usher in over three million sf of new product in the next few years, a surge that is being fueled by an increased population base.
FULTON COUNTY, GA-The county zoning board previously rejected AG/Armstrong's plans for 70,833 sf of retail and 14,200 sf of office at the northeast corner of the intersection. Providence's 85,576-sf, village-style mixed-use proposal is for the northwest, southeast and southwest corners.