Blog Archives

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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Real Estate Value Advisors Acquires 101,000-SF Sabal Park Bldg. in Tampa

Richmond, VA-based Real Estate Value Advisors (REVA) purchased a 101,000-square-foot Sabal Park office building in Tampa, FL from Bridge Investment Group Partners, which had owned the property since March 2015, according to CoStar data. The two-story complex sold for $ 15.23 million, or about $ 151 per square foot. Known as Sabal VI, the office […]

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Are People Moving to Tampa Because of Jobs or Location?

Do you think renters are moving to Tampa because they like the city? Or are they moving here only because it’s here that they got their desired jobs? Apartment List Inc. has just made a study precisely to answer this question. And they found out that the percentage of renters moving to Tampa to pursue jobs […]

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Rutledge Joins JLL Tampa as Senior Vice President

Paul Rutledge joined JLL’s Tampa, FL office as senior vice president, strengthening its retail brokerage team. In his new role, Rutledge will assist with agency leasing, development, acquisitions and dispositions, and tenant representation, having experience with national, regional and local companies. Prior to joining JLL, he served as first vice president of retail brokerage at […]

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Noble Bolsters National Hospitality Portfolio with 109-Room Downtown Tampa Buy

Noble Investment Group, which specializes in acquiring extended-stay hotels affiliated with Marriott, Hyatt, Hilton and Intercontinental brands, acquired the Residence Inn by Marriot Tampa Downtown. The Atlanta-based firm acquired the 109-key hotel from Dallas-based Ashford Hospitality Trust (NYSE: AHT) for $ 24 million, or about $ 220,000 per room. Ashford originally acquired the downtown Tampa […]

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