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Beacon Capital Buys Tampa’s SunTrust Building for $82M

Beacon Capital Buys Tampa’s SunTrust Building for $82M

One of the most recognizable buildings on Florida’s Gulf Coast has recently traded for a reported $82 million. According to the St. Petersburg Times, the 36-story SunTrust Financial Center sold for more than $30 million less than it went for back in 2007, when Charter Hall Office REIT and Stiles…

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AmeriLife Moves to New HQ at 2650 McCormick Drive

AmeriLife Moves to New HQ at 2650 McCormick Drive

Senior-focused life and health insurance marketing organization AmeriLife has marked one of the largest corporate moves this year in the Tampa Bay region by signing a new lease for the entire three-story complex formerly known as Prestige Place II. Following the signing of AmeriLife as sole tenant, the complex at…

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Metro 510 Workforce Housing Now Complete, Welcomes Renters

Metro 510 Workforce Housing Now Complete, Welcomes Renters

By Georgiana Mihaila, Associate Editor The new six-story Metro 510 is now complete, providing a viable option for renters that would benefit from the convenience of downtown living but cannot afford a place in high-rise condo towers. The community is a unique project for the area, aiming at attracting downtown employees…

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Joint Venture Acquires Crowne Plaza East, Plans $8.5M Renovation

Joint Venture Acquires Crowne Plaza East, Plans $8.5M Renovation

By Georgiana Mihaila, Associate Editor Interstate Hotels & Resorts Inc. has partnered with Waramaug Hospitality L.L.C. and a private investment group to acquire the 265-room Crowne Plaza Tampa East. The price has not been released, but the partnership will invest $8.5 [...]…

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Incentive Package Draws IRX Therapeutics to St. Petersburg

Incentive Package Draws IRX Therapeutics to St. Petersburg

By Georgiana Mihaila, Associate Editor According to the St. Petersburg Times, New York cancer research firm IRX Therapeutics could be heading to the Tampa Bay area by the end of the year. IRX’s relocation of its headquarters from Manhattan to St. [...]…

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Encore Development Stalled Due to Loss of Federal Grant

Encore Development Stalled Due to Loss of Federal Grant

By Georgiana Mihaila, Associate Editor The $480 million Encore development’s timeline could undergo some changes, as Tampa was the only one of six finalist cities that was denied a share of the $122 million Choice Neighborhood Initiative grant from the U.S. [...]…

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HFF Closes $8.1M Sale of Island Estates Plaza to Publix

HFF Closes $8.1M Sale of Island Estates Plaza to Publix

By Georgiana Mihaila, Associate Editor Earlier today, Holliday Fenoglio Fowler L.P. announced the successful sale of the Island Estates Plaza in Clearwater Beach; the buyer, Publix Super Markets Inc., purchased the asset for $8.1 million free and clear of debt. Located at [...]…

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Six Tampa-Area Shopping Centers Part of $473M Purchase by Equity One

Six Tampa-Area Shopping Centers Part of $473M Purchase by Equity One

By Georgiana Mihaila, Associate Editor Shopping center owner, developer and operator Equity One Inc. has entered into an agreement to sell a total of 36 properties to Blackstone Real Estate Partners VII for the reported amount of $473.1 million. The assets, [...]…

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St. Pete’s Baywalk Gets New Owner–and Brighter Future?

St. Pete’s Baywalk Gets New Owner–and Brighter Future?

By Georgiana Mihaila, Associate Editor Rumors about the high asking price for the onetime crown jewel of downtown St. Petersburg—the BayWalk complex—have come to an end, as developer Bill Edwards has officially become its new owner. CWCapital Asset Management put the [...]…

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Manatee High School Gets New $17M Performing Arts Building

Manatee High School Gets New $17M Performing Arts Building

By Georgiana Mihaila, Associate Editor The new Davis Building is now ready to welcome the Manatee High School students. Creative Contractors Inc. has completed the $17 million performing arts facility, which stands on the site of the former 1926 Paul F. [...]…

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Investors Snag Tampa Apartment Complexes

Investors Snag Tampa Apartment Complexes

By Georgiana Mihaila, Associate Editor Buyers are snapping up apartment complexes in Tampa as Lake Morton, Gables and Doral Oaks all see a change of owners. The latest transaction comes from Marcus & Millichap Real Estate Investment Services, which announced the successful [...]…

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Trammell Crow Plans $250M Mixed-Use Project Downtown

Trammell Crow Plans $250M Mixed-Use Project Downtown

By Georgiana Mihaila, Associate Editor Trammell Crow Co. has big plans in store for downtown Tampa, as the developer is  seeking approval for a $250 million mixed-use development dubbed Southgate, the Tampa Tribune reported. Consisting of a 450,000-square-foot office tower, a [...]…

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