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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MIDFLORIDA Credit Union Buys Southdale Commons

Tampa’s Southdale Commons shopping plaza, located at 1108 Dale Mabry Hwy., 33607, was sold to MIDFLORIDA Credit Union. Ellis & Co, Ltd. sold the 22,672 square-foot office building for a total of $9.5 million, or roughly $419/SF. The property is currently under renovation. For more information on this sale, click here. Contact us at 813.514.1070 […]

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Downtown Tampa’s Park Tower Sells

Sterling Equities has sold the 36-story Park Tower office building, located at 400 N. Tampa St., 33602 to a joint-venture group comprised of Feldman Equities Management, Tower Realty Partners and City Office REIT, Inc. for $79.75 million, or roughly $169/SF. Better known locally as the “BBT&T Building”, the 473,000 SF office tower is one of […]

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52-Story Tower Coming to Downtown Tampa

Downtown Tampa will soon have a new figure in its sky-line. Recently, plans were approved for the erection of a 52-story mixed-use tower overlooking the Hillsborough River. The new commercial space is a joint-venture between Feldman Equity Group, LLC and Tower Realty Group. Property situated on a 1.47 acre parcel between Ashley Dr. and Brorein […]

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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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Sale of Ruskin’s Amazon Warehouse Marks New High for Tampa’s Real Estate Markets

This past Tuesday marked a high-point in the Tampa real estate market. Amazon’s million-square-foot warehouse and fulfillment center in Ruskin (zip code 33570) was sold for a whopping $103.6 million to a Phoenix-based real estate investment trust (Cole Office & Industrial REIT II). This is equivalent to roughly $100/sqf, making this deal the largest that […]

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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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7 Tips All Landlords Should Know About Commercial Leases

For many single-family residential real estate investors looking to make the transition towards larger deals, there is invariably the obstacle of taking on multi-family and commercial deals. Commercial leasing is an entirely different animal from residential leasing. If not structured properly, commercial leases can pose a large financial risk to the investor–no matter how good […]

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