Category: commercial real estate
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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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Bolstered by High Income Growth, Freddie Mac’s AIMI Sees Quarterly Increases
MCLEAN, VA–(Marketwired – Sep 26, 2017) – Today, Freddie Mac (OTCQB: FMCC) announced that multifamily investing conditions grew stronger in the second quarter, both nationally and across the metropolitan markets it tracks through the Multifamily Apartment Investment Market Index(SM) (AIMI). A widely used analytical…
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Prices Rise for Apartment Buildings, But Fewer Properties Sell
Investors are getting pickier about the properties they buy and the prices they are willing to pay. Bendix Anderson via NREI Investors continue to buy fewer apartment properties than they did last year. Yet prices continue to rise. “It’s another down…
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Multifamily Investment Update – 2017
• 3.8% Vacancy Rate 90 basis points below 2007 2017 – Multifamily Investment Perspective • $1,337 Average Monthly Rent 30.4% above 2007 • 5.2% Average Cap Rate 80 basis points below 2007 • 12,200 Transactions 22.9% above 2007 • $140…
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