Largo Apartment Complex Sells for $10.55 million

This month, Conerstone Pointe, an apartment complex in Pinellas County’s popular Largo sub-market was sold for $10.55 million. The 111-unit complex, located at 301 Seacrest Dr. (33771) is comprised of eight, 2-story buildings. Franklin Street represented both the buyer – Milbrook Properties, Ltd. (NY), and seller – a private investor. The successful sale comes at […]

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24-Unit Tampa Apartment Building Sells

Investment specialists with Marcus & Millichap arranged the sale of Manhattan Luxury Apartments, a 24-unit apartment building located in Tampa (4205 S. Manahattan Ave., 33611). The 24 one bed/one bath units each offer 600 rentable square feet and the property occupies 0.73 acre in Tampa’s Westshore neighborhood. The property sold for $2,825,000. For more info […]

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MedHOK Renews and Expands in Tampa

The Medical House of Knowledge (MedHOK) renewed its lease at Tampa’s International Business Center and expanded into an adjacent unit. The International Business Center is located at 5550 W. Idlewild Ave., 33634 and spans 48,409 square feet over four acres. MedHOK’s expansion now puts them at 19,219 square feet of occupancy in the building. For […]

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Boulder Hotel Co Sells Florida Portfolio

Boulder Hotel Co., LLC recently sold-off six hotel properties in their Florida portfolio, three of which are in Tampa. The portfolio was sold to real estate investment trust, American Hotel Income Properties, for a total of $61 million. Excluding the mandatory $10.6 million in brand-related property improvements, this totals to about $109,000/unit. The Tampa properties […]

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What ‘Brexit’ Means for Tampa Real Estate

Britain’s unprecedented decision to leave the European Union this past month left everyone on both sides of the Atlantic scrambling. U.K. legislatures are still trying to mete out assurances to foreign and domestic financial institutions on the continued stability of the British market, but as the Pound continues to drop, questions are still being asked. […]

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Tampa’s Channel District Development Heating Up

Tampa-based investment and development firm Liberty Group recently purchased a hot parcel of vacant land in downtown Tampa’s Channel District (zip code 33602). The lot, comprising nearly an acre of land, is located between N. Meridian and Kennedy Blvd.; positioned in prime Tampa real estate. Although Liberty Group has yet to announce any plans for […]

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Industrial Developers Bullish on I-4 Corridor

Florida’s I-4 corridor, connecting Tampa, Orlando and the Space Coast, has been the focus of interest for industrial developers in the state as of late. The recent surge of interest in the I-4 corridor by industrial developers, historically a hot market for commercial development and investment, is due in large part to the recent decisions […]

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Seminole Heights on the Rise

The Seminole Heights neighborhood of Tampa has been undergoing a period of renewal. The once forgotten area has enjoyed a resurgence of commercial activity thanks largely in part to one man: Wesley Burdette. Burdette currently has several commercial projects in the works in Seminole Heights in addition to several established commercial spaces in the area. […]

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Mobility Fees Move Forward Despite ‘Go Hillsborough’ Rejection

Hillsborough County commissioners recently approved a new mobility fee ordinance that will impact commercial and residential developers in Tampa and surrounding neighborhoods in Hillsborough County. The new ordinance will require developers to submit to a one-time capital charge on any new developments in the county based on size and land-use of the projects. Fees will […]

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Channelside and the Revitalization of Downtown Retail and Entertainment

By: Joshua Klein Like a phoenix rising out of the ashes, can the return of retail and entertainment areas within Tampa’s downtown core be sustainable? With the impending bankruptcy sale of Channelside Plaza to the Tampa Port Authority being delayed by legal proceedings, this is the question that many residents and investors are asking. Tampa […]

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