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Tampa Bay Commercial Real Estate News

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Local News Mentions

  • Now that it's for sale, what's next for Sundial in downtown St. Petersburg?

    ST. PETERSBURG — When the Sundial shopping center was listed for sale last week, real estate developers in Tampa Bay and others familiar with the project weren't surprised. It wasn't the first time developer Bill Edwards had listed the property for sale. But this time it took, leaving the future of downtown St. Petersburg's only shopping center in flux yet again.

  • Developer moves forward with affordable apartments near South Tampa

    An Atlanta developer is moving forward with plans to build affordable apartments near South Tampa. Pollack Shores Real Estate Group has closed on the 12.3-acre site between Lois and Manhattan avenues, just south of the Walmart Supercenter on Gandy Boulevard. It will build M South, which will consist of 288 units — an average of 1,065 square feet — at projected average rents of $1,390.

  • Canadian developer buys 100 acres in Riverview

    A Canadian developer has purchased more than 100 acres in Riverview, with plans to build hundreds of homes on the property. Mattamy Homes paid $12.1 million for the land, which is near the intersection of Boyette Road and McMullen Road, immediately adjacent to Goolsby Pointe shopping center, anchored by Publix Super Markets Inc.

  • Kriseman picks Tampa firm to operate Pier District

    ST. PETERSBURG — Mayor Rick Kriseman has picked the firm he wants to manage the new $66 million Pier District when it opens in 2018. In a memo Thursday, Kriseman said Colliers International Tampa gives the city the "greatest opportunity for successful operation and management" of the district.

  • Publix buying several shopping centers it anchors in Tampa Bay area

    While its customers are buying groceries, Publix is buying shopping centers. The Lakeland-based chain has become a "significant player" in Florida's retail investment market, according to a new report by commercial real estate brokerage Colliers International. So far this year, Publix Supermarkets has bought seven of the 18 shopping centers it anchors in the Tampa Bay area and southwest Florida. Among its recent purchases were Tampa's Terrace Ridge Shopping Center on E Fowler Avenue for $14.7 million and Cross Creek Commons for $11.5 million.

  • Colliers International brokers sale of medical office space for $4 million in Fort Myers

    FORT MYERS, Fla. (October 16, 2014) – Following a trend of investors seeking quality investments rather than the “value-add” purchases that have dominated the market in recent years, Fort Myers Creekside MOB LP has purchased a 24,174-square-foot medical office building at 12600 Creekside Lane in Fort Myers for $4 million. Jim Tamblyn, CCIM, and William Mankin of Colliers International Southwest Florida represented the seller, Jacobs Properties, LP.

  • Distressed: Southwest Florida CRE Trends Emerge

    NAPLES, FL—As the number of distressed commercial real estate properties in the Southwest Florida market continues to decline, assets are resetting to new market values. GlobeSt.com caught up with Jim Garinger, senior managing director and principal at Colliers International Southwest Florida, to learn more about this trend.

  • People notes: Personnel appointments, promotions, announcements

    The Tampa Bay Chapter of Financial Executives International (FEI), announces their officers for the 2013-2014 membership year. Brian Adamski, president; Mike Delp, treasurer; Jack Davis, vice president of membership; Jim Parker, vice president of programs; Julie Johnson, vice president of sponsorship; James Doyle III, vice president of scholarships; and Randall Lay, vice president of philanthropy. Adamski is chief financial officer at American Traditions Insurance Co.; Delp is vice president of finance at Colliers International Tampa Bay; Davis is division controller at FIS Global; Parker is a partner at Vaco; Johnson is director of financial planning and analysis at AVI-SPL; Doyle is managing partner at the Willis Group; and Lay is chief financial officer at Lazydays.

  • Real estate roundup: $78.6 million in sales, new beachfront condos and more

    Canadian investor Highyon Assets Corp.’s related Highyon Shopping Center Investment Funds No. 107 LP spent $10.2 million on Nov. 22 to buy the Parkwood Plaza shopping center at 3191 West Colonial Drive in Orlando from Parkwood Plaza LP and Kensington Gardens Builders Corp. The property includes a 148,232-square-foot retail center and 12.9 acres of undeveloped land. Cynthia Shelton and Kane Morris-Webster of Colliers International Central Florida represented the seller.

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