Tampa Commercial Real Estate News and Commentary #2

Moffit Cancer Center McKinley Campus

Moffitt Cancer Center Expands with $74 Million Facility

 

Moffitt Cancer Center is breaking ground Feb. 1 on the first phase of a $74.2 million expansion of its McKinley campus.

The project on McKinley Drive includes a 200,000-square-foot outpatient facility expected to open in February 2014, according to a written statement.

The new building will have clinics, an ambulatory surgery center, research labs and imaging facilities. The clinics will include screening services moved from Moffitt on Fowler AvenueContinue Reading

 

Clearwater Commercial Properties Key in Ponzi Scheme Charges

 

The U.S. Securities and Exchange Commission focused on the sale and resale of several Clearwater properties in a complaint charging former real estate executives with defrauding investors.

The complaint names five former commercial real estate executives at Cay Clubs Resorts and Marinas, alleging they told investors they were funding the development of five-star destination resorts in Florida and Las Vegas, when they were actually buying into a Ponzi scheme.

The civil complaint said the scheme raised more than $300 million from almost 1,400 investors. Investors who purchased units at Cay Clubs resort locations were promised immediate income from a guaranteed 15 percent return and a future income stream through a rental program that Cay Clubs managed…Continue Reading

 

Nation’s Restaurant News Names Little Greek a 2013 “Breakout”

 

Little Greek Restaurant

Nation’s Restaurant News has named Little Greek Restaurant one of its 50 “Breakout Brands” for 2013. The Tampa-based fast casual Greek chain was the only Bay area restaurant company to appear in the “NRN 50” edition on Jan. 28.

The list features “today’s hottest emerging concepts — ones making their marks with their innovative experiences and cutting-edge cuisines,” wrote Executive Editor Robin Lee Allen…Continue Reading 

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