Blog Archives

Hurricane Michael Imperiled More Than $25 Billion in Florida Commercial Property

The commercial property in the area struck by Hurricane Michael spans the Florida panhandle along the Gulf of Mexico. Hurricane Michael smashed into beach resorts, shopping centers, apartments and office buildings with 155-mile-per-hour winds and rising seas, threatening more than $ 25 billion in commercial property along the Florida Panhandle. Tampa/St. Petersburg Commercial Real Estate […]

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Robbins Property Associates Secures Financing for Lakeside Apartment Homes

Robbins Property Associates secured $ 24 million in acquisition financing for the Lakeside Apartment Homes located at 529 S. Parsons Ave. in Brandon, Fl. Mitch Sinberg, Matthew Robbins and Eric Savir of Berkadia arranged the Freddie Mac financing on behalf of the owner. It carries a 10-year, floating-rate term with five years of interest-only payments […]

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Robbins Property Associates Pays $30M for Multifamily Community in Brandon

Robbins Property Associates, a multifamily property investment firm based out of Tampa, acquired the 228-unit Lakeside Central apartments at 529 S. Parsons Ave. in Brandon, FL from The Collier Companies for $ 30 million, or about $ 132,000 per unit. “This sale represents the premium pricing that can be achieved through a proven value-add initiative,” […]

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Capital Square 1031 Pays $7.1M for Flex Property in Tampa

Capital Square 1031 acquired the flex building at 4910 Savarese Cir. in Tampa, FL for $ 7.07 million, or about $ 99 per square foot. The 71,150-square-foot building delivered in 1982 and was recently renovated in 2015 to make room for the expansion of a tenant, Capsugel, which currently occupies the entire property. The facility […]

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Starwood Property Trust Snaps Up Another Florida Affordable Housing Portfolio for $600M

Starwood Property Trust Inc. (NYSE: STWD) has agreed to buy 28 properties with a combined 6,185 affordable housing units in Orlando, Tampa and other major Florida markets for $ 600 million. Starwood, the nation’s largest commercial mortgage REIT, announced the signing of a definitive agreement to acquire the institutional-quality portfolio in an off-market transaction. The […]

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