A look at the state to state migration data from the Census: When people leave a state, where do they go?
Source: www.livability.com
Texas, California and Florida are the big winners. Ten states lose the most residents to Texas and six states each lose to California and Florida. Florida continues to see strong migration patterns throughout the state and should continue to for the foreseeable future.
For the second time in as many weeks, a waterfront hotel in Tampa’s urban core has a new owner.
Source: www.bizjournals.com
Sheraton Riverwalk Tampa has been sold to a South Florida group for $32.8 million or $118,682 per key for the 277-room Sheraton, which includes 16 suites and was built in 1968. It also has 12,000 square feet of meeting space.
This is a very well positioned asset along the Riverwalk in downtown Tampa.
A St. Petersburg firm has partnered with Boston investors to acquire rental units in The Slade.
Source: www.bizjournals.com
The Slade at Channelside recently sold and at $186,000 per unit, the price is less than some other Channel district properties fetched — Pierhouse sold for $214,000 per door in early 2014.
Built in 2009, The Slade is one of the older apartment properties in the Channel district and faces competition from several newcomers, including the SkyHouse, a 23-story tower that wrapped up construction this summer and is already for sale.
That said at less than $190 per square foot, the purchase price is actually well below replacement costs. Additionally, the project was originally built as condos and the sale represented 214 out of the 294 units, in addition to 11,500 square feet of retail space.
New apartment buildings are finally opening, which is helping slow rent appreciation across the U.S. According to the Zillow October Real Estate Market Reports, national rents grew 4.5 percent annually, down from 5.3 percent in September. Due in part to a lack of inventory, finding an affordable place to rent is a struggle for many residents across the country. Rents are still rising quickly, but thanks to new apartment buildings opening, they are growing at a slower pace, even in some of the ho
Source: www.zillow.com
New apartment buildings are finally opening, which is helping slow rent appreciation across the U.S. According to the Zillow October Real Estate Market Reports, national rents grew 4.5 percent annually, down from 5.3 percent in September. It takes time for markets to absorb new supply and there are some markets that will be able to absorb the new inventory better than others.
TAMPA — Tampa Bay Lightning owner Jeff Vinik said he and his Cascade Investment partners are “making good progress” on signing a tenant for half of a 650,000-square-foot office building planned for the first phase of their downtown redevelopment project.
Source: www.tampabay.com
Jeff Vinik’s Strategic Property Partners recently stated the first phase will include pursuing a supermarket and is expected to take three to four years and cost an estimated $1.2 billion to create.
T. Sean Lance of Vertica Partners represented the group in the assemblage of the land surrounding the arena.
DUNEDIN — The long-vacant former Nielsen Media Research campus may soon see some activity.
Source: www.tampabay.com
Developer Primerica Group One wants to build 280 high-end apartments, 56 townhomes, 7,200 square feet of retail space and 44,600 square feet of office space on the 23-acre parcel.
Primerica has billed the project “Dunedin Commons.”
The former Nielsen site, at 375 Patricia Ave., has been empty since 2005.