Tampa Commercial Real Estate News and Commentary #1
January 3, 2013
Tampa’s Encore project takes next step as first apartment building opens for tenants
The sprawling Encore housing and mixed-use development project under way in the northeast corner of downtown Tampa can be best described as a survivor. Encore survived the nastiest of recessions, recent years when real estate financing all but disappeared. And it’s still kicking even after Florida’s housing bubble burst.Now it’s time for folks to start moving in.
They won’t be alone for long. On Dec. 18, a groundbreaking is scheduled next door for one of the next apartment buildings, called Reed, to go up. Another called Tempo is slated for the other side of Ella. And across Ray Charles Boulevard, Encore’s main thoroughfare, yet another multistory building of apartments called Trio (with one- to four-bedroom units) is already in the works…Continue Reading
Deal-cember: Tampa Bay Year-end real estate deals top $733 million, counting
More than $733 million in commercial real estate transactions have been concluded in Tampa Bay since mid December. Among these half dozen deals, another $20 million more will be spent on renovations to existing buildings during 2013, while millions more will be spent building and selling new houses in Pasco County… Continue Reading
Tampa office, industrial markets brace for ‘cliff’ cuts
Real estate would be among the sectors feeling the pinch as the United States heads for the “fiscal cliff.”
That’s according to a special report from Jones Lang LaSalle on the “fiscal cliff,” a combination of expiring tax cuts and sequestration, which will eliminate $1.2 trillion in federal spending between 2013 and 2021…Continue Reading
A ‘December to remember’ in M&A
Although merger and acquisition activity overall was down in 2012, a flurry of deals in the closing days of the year kept attorneys and investment bankers hopping. Many of the deals were driven by changing tax laws…Continue Reading
Tampa Commercial Real Estate News and Commentary #1
Tampa’s Encore project takes next step as first apartment building opens for tenants
The sprawling Encore housing and mixed-use development project under way in the northeast corner of downtown Tampa can be best described as a survivor. Encore survived the nastiest of recessions, recent years when real estate financing all but disappeared. And it’s still kicking even after Florida’s housing bubble burst.Now it’s time for folks to start moving in.
They won’t be alone for long. On Dec. 18, a groundbreaking is scheduled next door for one of the next apartment buildings, called Reed, to go up. Another called Tempo is slated for the other side of Ella. And across Ray Charles Boulevard, Encore’s main thoroughfare, yet another multistory building of apartments called Trio (with one- to four-bedroom units) is already in the works…Continue Reading
Deal-cember: Tampa Bay Year-end real estate deals top $733 million, counting
More than $733 million in commercial real estate transactions have been concluded in Tampa Bay since mid December. Among these half dozen deals, another $20 million more will be spent on renovations to existing buildings during 2013, while millions more will be spent building and selling new houses in Pasco County… Continue Reading
Tampa office, industrial markets brace for ‘cliff’ cuts
Real estate would be among the sectors feeling the pinch as the United States heads for the “fiscal cliff.”
That’s according to a special report from Jones Lang LaSalle on the “fiscal cliff,” a combination of expiring tax cuts and sequestration, which will eliminate $1.2 trillion in federal spending between 2013 and 2021…Continue Reading
A ‘December to remember’ in M&A
Although merger and acquisition activity overall was down in 2012, a flurry of deals in the closing days of the year kept attorneys and investment bankers hopping. Many of the deals were driven by changing tax laws…Continue Reading