BB&T eyeing more Florida deals
Just days after completing the acquisition of BankAtlantic, BB&T Corp. continues to look at buying more banks in Florida.“We will — in Florida — be opening up new branches … We still have an eye on acquisition possibilities,” Michael Oster, president of South Florida operations for BB&T, told American Banker.
Oster wasn’t specific about takeover targets, telling the trade publication that BB&T would be opportunistic as it grows its core business… Continue Reading
Office tower sale signs Tampa market has “bounced off the bottom”
Everything is for sale, the cliché goes. But in his front page story this week, Real Estate Reporter Mark Holan identifies at least six towers currently being shopped, a sign of some serious potential deal making before the end of the year.
As the report shares, the activity is a confidence boost for a commercial real estate market that hasn’t had it easy coming through the Great Recession…Continue reading
Private business group touting plan for new Tampa Bay Rays stadium
In an effort to slice through stalled stadium negotiations between the Tampa Bay Rays and St. Petersburg, a prominent real estate developer has come forward with a plan of his own.
After months of secrecy, Darryl LeClair sent a letter Wednesday to St. Petersburg Mayor Bill Foster asking for an audience to pitch a new baseball stadium in the Carillon business park, just west of the Howard Frankland Bridge, in the Gateway area of St. Petersburg. His company, Echelon, controls roughly 12 acres of vacant land there, where a stadium could fit but not much else…Continue Reading
Bloomin’ Brands IPO raises less money than expected but stock proves tasty
Bloomin’ Brands, which operates Outback Steakhouse and other restaurant chains, raised less money than expected in its initial public offering on Wednesday but proved a tasty treat for investors.
The Tampa-based company sold 16 million shares at $11 apiece late Tuesday, raising $176 million. That was below its initial target of 21 million shares for $13 to $15 each, which would have raised about $300 million….Continue reading
Tampa Commercial Real Estate News & Commentary #2
BB&T eyeing more Florida deals
Just days after completing the acquisition of BankAtlantic, BB&T Corp. continues to look at buying more banks in Florida.“We will — in Florida — be opening up new branches … We still have an eye on acquisition possibilities,” Michael Oster, president of South Florida operations for BB&T, told American Banker.
Oster wasn’t specific about takeover targets, telling the trade publication that BB&T would be opportunistic as it grows its core business… Continue Reading
Office tower sale signs Tampa market has “bounced off the bottom”
Everything is for sale, the cliché goes. But in his front page story this week, Real Estate Reporter Mark Holan identifies at least six towers currently being shopped, a sign of some serious potential deal making before the end of the year.
As the report shares, the activity is a confidence boost for a commercial real estate market that hasn’t had it easy coming through the Great Recession…Continue reading
Private business group touting plan for new Tampa Bay Rays stadium
In an effort to slice through stalled stadium negotiations between the Tampa Bay Rays and St. Petersburg, a prominent real estate developer has come forward with a plan of his own.
After months of secrecy, Darryl LeClair sent a letter Wednesday to St. Petersburg Mayor Bill Foster asking for an audience to pitch a new baseball stadium in the Carillon business park, just west of the Howard Frankland Bridge, in the Gateway area of St. Petersburg. His company, Echelon, controls roughly 12 acres of vacant land there, where a stadium could fit but not much else…Continue Reading
Bloomin’ Brands IPO raises less money than expected but stock proves tasty
Bloomin’ Brands, which operates Outback Steakhouse and other restaurant chains, raised less money than expected in its initial public offering on Wednesday but proved a tasty treat for investors.
The Tampa-based company sold 16 million shares at $11 apiece late Tuesday, raising $176 million. That was below its initial target of 21 million shares for $13 to $15 each, which would have raised about $300 million….Continue reading