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09/20/2018
Lakeland, Florida’s Industrial Market Is Red-Hot Amid Rising Construction Starts
In early 2018, a joint venture between Blue Steel and PCCP broke ground on Key Logistics Center Building 100 without any tenants in place. Lakeland, Florida’s industrial market is in the midst of a construction boom, with nearly 3.5 million square feet...

09/17/2018
Equity Management Partners Buys Tampa Bay Center for $27 Million
Equity Management Partners purchased the Tampa Bay Center, a 142,350-square-foot shopping center in Tampa, Florida, for $27 million, or about $190 per square foot. The Largo, Florida-based investor acquired the shopping center from locally-based equity...

09/11/2018
RLJ Lodging Trust Sells Renaissance Vinoy St. Petersburg Resort & Golf Club for $185 Million
Publicly traded real estate investment trust RLJ Lodging Trust sold the Renaissance Vinoy St. Petersburg Resort & Golf Club in St. Petersburg, Florida, for $185 million. The Bethesda, Maryland-based hotel investor sold the resort to SCG Hospitality...

09/11/2018
Sears to Sell Three Florida Stores, Distribution Center
The Sears store in Daytona Beach, Florida, is one of three being listed for sale. Sears Holdings is unloading 2.35 million square feet of real estate across Florida, including the state's largest industrial building, as the struggling national retail...

09/10/2018
Former Mack-Cali Chief Rudin Named President of Savills Studley
Mitchell E. Rudin, a veteran New York real estate executive who previously held senior positions at CBRE, Brookfield and Mack-Cali Realty Corp., will join Savills Studley as its next president, succeeding Michael Colacino who is stepping down at the end...

09/10/2018
Cleveland Developer Buys Central Avenue Office Site in Redevelopment Play
Development firm The NRP Group acquired a 9,950-square-foot office building off of Central Avenue in St. Petersburg, Florida in part of a redevelopment project. The Cleveland-based firm purchased the building, which sits on a 2-acre site, from Castlefrank...

09/10/2018
Downtown Tampa Prepares for First Speculative-Build Office Tower in 25 Years
Image credit: Cookfox Architects Locally based developer Strategic Property Partners plans to begin construction on 1001 Water Street, the first of two 20-story office towers planned as part of the $3 billion Water Street Tampa renovation project. Totaling...

09/04/2018
Birtcher Anderson, JCR Capital Buy Light Industrial Park in East Side Tampa for $19.5 Million
A joint venture between investor Birtcher Anderson Realty and private equity firm JCR Capital acquired the Center Point Business Park in Tampa, Florida, for $19.5 million, or approximately $83 per square foot. The partnership purchased the light industrial...

08/27/2018
Sprouts-Anchored Retail Center in South Tampa Trades for $18 Million
Newport Beach, California-based investor United American Properties purchased a Sprouts Farmers Market-anchored retail center in south Tampa, Florida from locally-based Wagner Property Group for $18 million, or about $496 per square foot. The retail...

08/23/2018
Chicago Investor Secures $53 Million in Financing for The Godfrey Hotel and Cabanas Tampa
Chicago-based hotel investor Oxford Capital Group secured a $53 million non-recourse ramp loan for The Godfrey Hotel and Cabanas Tampa located at 7700 West Courtney Campbell Causeway in Tampa, Florida. Jordan Ray, Ari Hirt, Alex Draganiuk and Justin...

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