Category: commercial real estate
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Multifamily Rental Demand Promises Strong Activity
DECEMBER 6, 2017 | BY KELSI MAREE BORLAND Prices are increasing and cap rates continue to compress, but with strong rental demand, Lee & Associates experts Warren Berzack and Brian Pohl say to expect robust activity in this EXCLUSIVE video interview. LAS VEGAS—Multifamily, multifamily,…
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GSC buys second Gulf coast apartment complex this year
BY: KEVIN MCQUAID | COMMERCIAL REAL ESTATE EDITOR November 17, 2017 Continuing a wave of multifamily rental acquisitions throughout the Gulf Coast, a Virginia-based apartment operator has purchased a Sarasota complex for $43.25 million, according to property records. General…
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CoStar Market Insights: Sales Activity of Existing Multifamily Properties Across Florida Focusing on Value Add Renovations to Increase Rents While New Product Continues Flying Off Shelves in South Florida
By: Danielle Grimelli and Evan Snow, CoStar Market Analytics. Looking across the Sunshine State, the Daytona Beach metro has enjoyed strong rent growth and a historically low vacancy rate that surpassed the national level starting in 2014. Strong job…
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State, feds pressured to spend money on affordable housing
Article via floridarealtors.org Written by Mary Shanklin. Distributed by Tribune Content Agency, LLC Nov. 8, 2017 – With tens of thousands of Puerto Rican evacuees arriving in Florida, pressures have mounted for state and federal governments to boost spending on…
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Publix shopping center planned near Manatee county line
Publix is planning to build its fourth and fifth supermarkets at Lakewood Ranch. Shown above is the northeast corner of State Road 70 and Lorraine Road where one of the stores would be built. On the backside of this…
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Buyer acquires Postcard Inn in St. Pete Beach for nearly $48 million
By Frances McMorris – Reporter, Tampa Bay Business Journal A northeastern real estate investment and services firm has acquired the Postcard Inn on St. Pete Beach for $47.4 million. TPG Hotels & Resorts, a wholly-owned subsidiary of Procaccianti Cos. of Cranston, Rhode Island,…
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Apartment Markets Continue To Lag
OCTOBER 24, 2017 | BY PAUL BUBNY via Globe St “The big increase in multifamily starts in 2015 and 2016 is finally filtering through to the marketplace on a broad basis,” says Mark Obrinsky with the National Multifamily Housing Council. The second…
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Are Weakening Apt. Prices More Than A Correction?
PRESENTED BY OCTOBER 12, 2017 | BY CARRIE ROSSENFELD via Globe St Many multifamily investors are uncertain as to the staying power of the expansion, and interest rates are likely to rise further, suggesting that price weakness could persist following the amazing run-up that we…
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SOLD * SOLD * SOLD * 60-unit apartment complex in Sarasota, FL
SBR Commercial Real Estate sells another apartment building
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Developer Ed Pinto pulls the plug on 510-unit affordable housing project on Knights Trail Road in Venice
VENICE — The developer behind John Nolen Gardens said Wednesday that he pulled the plug on the proposed 510-unit apartment complex because he didn’t see support from either city or Sarasota County officials to waive or reduce more than $6.1…
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