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Old December 18th, 2015, 03:58 PM   #41
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Quote:
'Largest office building sale in Florida since 2012' closes in downtown Tampa
Dec 18, 2015, 6:38am EST

Ashley Gurbal Kritzer
Reporter
Tampa Bay Business Journal

CBRE Group Inc. has confirmed the sale of Bank of America Plaza in downtown Tampa.

The buyer is a joint venture between Miami-based Banyan Street Capital and Los Angeles-based Oaktree Capital Management, as Private Equity Real Estate News reported last week.

PERE had pegged the sales price at $195 million or $250 per square foot. CBRE did not disclose a price, and the deed for the transaction has not yet been filed in Hillsborough County.

CBRE, which represented the seller in the transaction, says the deal "represents the largest office building sale in Florida since 2012," which is likely referring to the aggregate sales price rather than the price per square foot.

Another downtown Tampa office tower, 100 North Tampa, sold for $275 per square foot in 2007.
more here

http://www.bizjournals.com/tampabay/...ince-2012.html
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Old February 4th, 2016, 06:55 PM   #42
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Hyatt Regency Clearwater Beach has been for nearly half a million dollars per key.

The 242-key resort sold for $120.5 million in a deal that closed Feb. 1, according to Pinellas County property records. The sales price breaks down to $497,933 per key.
http://www.bizjournals.com/tampabay/...g.html?ana=fbk
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Old February 12th, 2016, 08:20 PM   #43
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Prime development site near MacDill Air Force Base on the market

http://www.bizjournals.com/tampabay/...cdill-air.html

Quote:
The owner of a large development site near MacDill Air Force Base is listing the property for sale with the hopes of profiting on a hot real estate market.
Patriot Transportation, based in Jacksonville, has retained managing director Jan Boltres and industrial specialist John Jackson of Colliers International Tampa Bay to market a 25.5-acre site at 6604 South Dale Mabry Highway.
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Old February 20th, 2016, 09:07 PM   #44
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I noticed this thread is almost exclusively urban real estate trasnactions but I did see another suburban one mentioned, and since this is pretty significant, I thought I would throw it in:

Source: Tampa Bay Business Journal

Quote:
Liberty Property Trust (NYSE: LRY) has sold off a suburban Tampa office park for $108 million.
Liberty, based near Philadelphia, sold the 573,053-square-foot Renaissance Center to Vision Properties. The price breaks down to $188 per square foot.
The property includes a development pad with an active site permit for another 111,000-square-foot building, Vision Properties said. The existing buildings in Renaissance Center — along Henderson Road, north of Tampa International Airport — are 100 percent leased. WellCare Health Plans Inc. (NYSE: WCG) and Capital One Financial Corp. (NYSE: COF) are among the tenants in the park.
...
The new building won't break ground until an anchor tenant is secured — likely someone willing to commit to about 50 percent of the building — but Vision Properties said in a statement that it expects to sign a deal and break ground within 12 months.
More: http://www.bizjournals.com/tampabay/...fice-park.html

Seems like Well Care might absorb some more space after this article..

Source: Tampa Bay Times

Quote:
What would the company's expansion mean for the local economy?

Most of our core operations occur here in Tampa. Virtually all of our IT, a substantial amount of our clinical (operations) are done here. We have a fair amount of our administrative operations here; legal is here. What that would mean is that as we grow, we will continue to grow our presence (in the Tampa Bay area). It would be hard for me to put a number on it, but if we are at just north of 3,000 employees (locally), we would expect that would continue to grow. It will not double. As our business doubles, we have to find efficiencies and synergies, so we can't double our employee base as we double our revenue. But it would be a significant increase.
More: http://www.tampabay.com/news/busines...-ahead/2254088
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Old June 20th, 2016, 09:08 PM   #45
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Quote:
Tampa developer buys prime corner of Channel district
Jun 20, 2016, 2:38pm EDT
Ashley Gurbal Kritzer

A Tampa developer has acquired one of the most visible vacant parcels in downtown's Channel district.

A corporate entity tied to Liberty Group paid $3.25 million for the .95-acre lot at the corner of North Meridian Avenue and Kennedy Boulevard, according to Hillsborough County property records.
more here

http://www.bizjournals.com/tampabay/...f-channel.html
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Old June 21st, 2016, 05:30 PM   #46
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Great, a hotel seems fitting and would be a nice buffer for the neighborhood.
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Old June 22nd, 2016, 02:07 PM   #47
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That corner has quickly become an eyesore of the neighborhood. I'm curious as to why they'd want to push a hotel, since it would be a "loner" in that part of DT/Channelside. Saying that, a well planned out hotel is better than an empty, decaying concrete slab.
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Old June 22nd, 2016, 02:39 PM   #48
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I think a hotel would be great. Mix the uses up a bit. Of course it needs to have retail on the ground floor etc.
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Old June 22nd, 2016, 07:02 PM   #49
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Hotel would be great to mix up the area up there and have different uses, but that corner isn't appealing when it comes to the traffic. A lot of noise, and not just from the running of automobiles themselves, but a lot of honking too. Especially from unaware drivers, or just morons, that don't know that only one left turn lane from SR 60 E connects you to Kennedy. Or someone will be in that turn lane that connects you to Kennedy and they're trying to get onto the Selmon. Even with the signs, you'll see people trying to switch lanes just after turning and begin honking.
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Old June 22nd, 2016, 08:37 PM   #50
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^And add the old CSX conductor who does the full 15 second horn blast four times at 3-5am.
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Old June 22nd, 2016, 10:14 PM   #51
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maybe something like Venu albeit taller would be nice. A combination hotel with condos on top. Since the port authority plan is looking at 70+ story towers, this might be doable? Would really make that part of downtown stand out AND UP!
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Old June 23rd, 2016, 05:24 AM   #52
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A 70+ story tower would look ridiculous on that corner. Channelside, for better (to me) or worse, has started to develop its identity, and it's more of a city-village feel. If the port can incorporate those tall of towers in their master plan, get them funded and built, then great! But it wouldn't fit Channelside. Whatever Liberty does, it will be 8-15 stories most likely.
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Old June 23rd, 2016, 01:12 PM   #53
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I love the overall ambition behind the Port's plan, but I think the 70+ towers look absurd. I would rather have more smaller, wavy/interesting buildings. Channelside is definitely headed in the right direction though and forming a nice idenity.
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Old July 19th, 2016, 01:40 AM   #54
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Quote:
Downtown Tampa Apartments Sell for $11M
by Dees Stribling
JUL 18, 2016

Columbus-Court-04Tampa, Fla.—Columbus Court Apartments in Tampa has traded for $11 million. Located at 2802 Statelite Court, the sale represents a price of $68,750 per unit and $78.95 per foot.

The property is a 160-unit, garden-style community in the downtown Tampa submarket. Built in 1969, Columbus Court Apartments consists of eight three-story buildings comprised of concrete-block construction. The property has a waterfront location.

Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger of Franklin Street represented both the seller, Rome Holdings LLC, and the buyer, SP CC Apartments LLC, in the transaction.
more here

https://www.multihousingnews.com/pos...-sell-for-11m/

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Old July 19th, 2016, 03:15 PM   #55
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I predict an overhaul of these that may look awesome considering they are block construction.

Would be great if they take them down to the block and redo them completely.
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Old July 19th, 2016, 07:31 PM   #56
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I didn't know that there was such a splendid view of downtown from the Columbus Court Apartments, until now.
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Old July 20th, 2016, 02:12 PM   #57
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Seems likely they will activate this waterfront with boat docks.
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Old July 20th, 2016, 07:55 PM   #58
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Well, if it remains section 8 housing, what is the point of putting in boat docks? The residence will not have the money to own and maintain a boat; and people with boats are probably not going to want to dock their expensive commodity at that spot.
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Old July 21st, 2016, 02:53 PM   #59
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True, although there is some advantage for docks such as fishing and taxi services.
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Old July 22nd, 2016, 04:16 AM   #60
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Now, that makes sense.
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