Property Listings: Homes

Local Investor Secures $9 Million Refi for Holiday Inn Express in Lake Wales

A private investor taking title as Lake Wales Hotels & Resorts LLC secured a $ 9 million non-recourse commercial mortgage-backed securities (CMBS) permanent loan to refinance the Holiday Inn Express at 2953 Ridge Way in Lake Wales, FL. Aries Conlon Capital senior vice president Francisco Nacorda originated and arranged the 10-year, fixed-rate loan, which closed […]

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American Residential Acquires 30-Unit Park West Apartments in Tampa

American Residential Investment Management, a multifamily investor based in Wake Forest, NC, acquired the 30-unit Park West Apartments from Hyde Park Apartments for $ 5.1 million, or about $ 170,000 per unit. Built in 1974, the 21,491-square-foot apartment complex is located at 3215 W. Swann Ave. The Park West Apartments offers a mix of one- […]

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Multifamily Investors Are Getting Used to ‘Normal’

U.S. housing construction remains low, and still trails population growth, said John Affleck, CoStar’s director of analytics. “Ongoing deliveries of highly-amenitized, high-rent product will limit rent growth at the high end of the market, but older and more suburban product will continue to outperform.” It may sound like bad news for the apartment sector: rent […]

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Top Atlanta Creative Office Developers Merge to Expand Across Sun Belt

Pictured from left: Pierce Lancaster, Chris Faussemagne and Hank Farmer.Courtesy: Third & Urban.Two of Atlanta’s top creators of cool office space are combining to capture pent-up demand and d Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

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Tampa’s Recent High Population Growth Numbers Fueled by Migration

Throughout the recovery and expansion, Florida markets have consistently ranked among the best in the nation at both total population gains, as well as per capita increases. However, much of the state has low or even negative natural population growth, the net of an area’s births and deaths. Tampa, FL is no exception and has […]

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