Category: commercial real estate
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Art Ovation Hotel Looks to Live Up to the Name
Via SRQ Magazine Online – BY PHILIP LEDERER SRQ DAILY FRESHLY SQUEEZED CONTENT EVERY MORNING WEDNESDAY DEC 20, 2017 It’s not every day that the arts community gets excited for a new hotel in town, but the Art Ovation Hotel may…
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Xceligent Shuts Down Operations, Files for Ch. 7 Liquidation
Via Costar DECEMBER 14, 2017|TIM TRAINOR London-based Owner Pulls Plug After New Management Team Completes Strategic Review of Business The board of real estate information provider Xceligent today announced it decided to dissolve the company and file for Ch. 7 liquidation under…
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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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