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05/18/2018
Sarasota Multifamily Construction Boom Continues
Pictured: Bold Lofts in Sarasota, FL. Construction on the 97-unit apartment complex is slated to be completed this August. As with much of Florida, Sarasota was late to fully emerge from the Great Recession. However, unlike most of the state, multifamily...

05/16/2018
Kane Plaza Trades for $16.4 Million in Sarasota
Locally-based TerraCap Management sold the 10-story Kane Plaza in Sarasota, FL to a private investor taking title as JLK Global Fund U.S. 2 Inc. The 77,089-squre-foot medical office building traded for $16.35 million, or approximately $212 per square...

05/15/2018
Newmark Adds to Valuation/Advisory Practice with New Teams, Hires in NYC and Florida
Newmark Knight Frank (NKF) has announced the addition of two new valuation and advisory teams based in New York City and the Florida markets of Boca Raton and Miami. The newly formed Tri-State team includes industry veterans Matt Victor, Joe Ferranti...

05/15/2018
Imperial Acquires Newly-Built Wawa in St. Petersburg
Locally-based investor Imperial Co., Inc. acquired a recently-built Wawa location in St. Petersburg, FL from RMC Property Group for $5.37 million, or roughly $877 per square foot. Wawa, a convenience store chain headquartered in Media, PA, is currently...

05/14/2018
Noble Bolsters National Hospitality Portfolio with 109-Room Downtown Tampa Buy
Noble Investment Group, which specializes in acquiring extended-stay hotels affiliated with Marriott, Hyatt, Hilton and Intercontinental brands, acquired the Residence Inn by Marriot Tampa Downtown. The Atlanta-based firm acquired the 109-key hotel...

05/04/2018
Rutledge Joins JLL Tampa as Senior Vice President
Paul Rutledge joined JLL's Tampa, FL office as senior vice president, strengthening its retail brokerage team. In his new role, Rutledge will assist with agency leasing, development, acquisitions and dispositions, and tenant representation, having...

05/02/2018
Canadian Investor Pays $9.2 Million for Fiesta Plaza in Westshore
Toronto-based Dundas Real Estate Investments acquired the Fiesta Plaza in Tampa's Westshore submarket from Ellis & Company, LTD for $9.15 million, or about $83 per square foot. Located at 4001-4058 N. Armenia Ave., the 103,298-square-foot shopping...

05/02/2018
Webstaurant Leases 11,000 SF at Woodland Corporate Center in Northwest Tampa
Webstaurant, a restaurant supply store, signed a six-year, 11,452-square-foot office lease within the Woodland Corporate Center in Tampa, FL. Slated to take occupancy this June, the tenant will be joining Women's Care of Florida in Building J, which...

05/02/2018
Bridge Investment Snags Plantation at Walden Lake for $35.7 Million
Bridge Investment Group, a national multifamily and office investor, acquired the 352-unit Plantation at Walden Lake apartment complex in Plant City, FL for $35.7 million, or roughly $101,000 per unit. The Sandy, UT-based investor acquired the 23-building...

04/27/2018
Directed Capital to Relocate HQ to Morgan Stanley Tower in St. Petersburg
Directed Capital, a real estate investor that also specializes in acquiring and originating commercial mortgage debt, will be relocating its headquarters this summer to a 13,460-square-foot space within the Morgan Stanley Tower in St. Petersburg, FL....

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