by admin | Sep 28, 2015 | Market Data
WESLEY CHAPEL — Construction of the Tampa Premium Outlets mall and the Florida Hospital Center Ice complex is helping to trigger another burgeoning business sector along the State Road 56 corridor in Pasco County — the hospitality industry.
Source: www.tampabay.com
The Wesley Chapel area continues to be one of the most dynamic areas for new development in all of Tampa Bay. Currently, there are three new motels are planned east of the Interstate 75 interchange.
The latest is a six-story, 125-room Hilton Garden Inn, earmarked for SR 56 and Silver Maple Parkway in the Cypress Creek development.
It will join a proposed 92-room Fairfield Inn and Suites in the Wiregrass Ranch development — on a parcel just south of 120 acres owned by Pasco County and targeted for a sports-related tourism project — and a previously announced 80-room Holiday Inn Express and Suites that is scheduled to open in the spring. It is next door to the $20 million ice arena, which also is set to open in March.
by admin | Sep 28, 2015 | Market Data
Kretzmer’s donation will make possible five new townhouses on Cohen Way in the Rosemary District and help serve to house the more than 100 guest artists and apprentices FST houses each year.
Source: www.yourobserver.com
Local arts advocate and philanthropist Ernie Kretzmer has donated $500,000 toward the construction of FST’s Rosemary Artist Housing Project. The housing initiative will expand the theater’s ability to house guests artists by providing 20 new bedrooms in five new townhouses to be built on Cohen Way in the Rosemary District. This gift will allow the theater to start construction on the project, which is scheduled to break ground in early 2016.
by admin | Sep 25, 2015 | Market Data
Source: www.businessobserverfl.com
More accolades for Sarasota…The city is ranked the No. 1 friendliest city in Florida for small businesses in a survey compiled by local commerce firm Thumbtack.com.
by admin | Sep 25, 2015 | Market Data
Outstanding multifamily mortgage debt rose 2.4%/$23.6B last quarter, exceeding $1 trillion for the first time ever.
Source: www.bisnow.com
Outstanding multifamily mortgage debt rose 2.4%/$23.6B last quarter, exceeding $1 trillion for the first time ever.
by admin | Sep 25, 2015 | Market Data
Now that the REO to rental experiments has a couple of years under its belt, investors are reving up their buying activity and remain bullish on the future of the asset class.
Source: www.multifamilyexecutive.com
Only time will tell whether the bets being placed pay off. But the blossoming of this asset class contains a bit of irony. The single-family meltdown is the gift that keeps giving to the apartment industry. First, it helped by sending former homeowners into the rental pool, and now it’s sending their former homes into the rental pool too.
by admin | Sep 25, 2015 | Market Data
Despite the investments single-family rental firms have made in their operating platforms, though, analysts and others still wonder if this business will survive into adulthood. After all, the institutional sector didn’t even exist a decade ago because it wasn’t seen as an attractive investment.
Source: www.multifamilyexecutive.com
Despite the investments single-family rental firms have made in their operating platforms, though, analysts and others still wonder if this business will survive into adulthood. After all, the institutional sector didn’t even exist a decade ago because it wasn’t seen as an attractive investment.
