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U.S. Movie Theater Chains Consolidating Almost as Fast as CRE Brokerage Firms

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In a bold move to consolidate ownership of U.S. movie theaters, AMC Entertainment announced an agreement to acquire Georgia-based Carmike Cinemas to create the largest movie theater chain in the U.S. controlling more than 600 theaters and 8,380 screens. Under the terms of the agreement, AMC will pay Carmike shareholders $ 30 per share, representing a 19 percent premium over the stock’s closing price on Thursday. AMC will also assume Carmike’s debt…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

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Today, Tampa is part of the metropolitan area most commonly referred to as the Tampa Bay Area. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta.[14] The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas.

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The city is divided into many neighborhoods, many of which were towns and unincorporated communities annexed by the growing city. Generally, the city is divided into the following areas: Downtown Tampa, New Tampa, West Tampa, East Tampa, North Tampa, and South Tampa. Well-known neighborhoods include Ybor City, Forest Hills, Ballast Point, Sulphur Springs, Seminole Heights, Tampa Heights, Palma Ceia, Hyde Park, Davis Islands, Tampa Palms, College Hill, and non-residential areas of Gary and the Westshore Business District.

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