Blog Archives

Epic Development Pays $6.6M for St. Petersburg Industrial Properties

Epic Development acquired the four-building industrial and flex portfolio consisting of 1601-1765 Commerce Ave. N and 9875 18th St. N in Saint Petersburg, FL from Farrallon Capital Management LLC for $ 6.56 million, or about $ 99 per square foot. The industrial buildings delivered in 1986 and 1989 and total 65,977 square feet. The buildings […]

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Lat’s Development Sells Sarasota Multifamily Community

Lat’s Development, Inc. sold the 54-unit multifamily complex at 3435 Saulstars Ct. in Sarasota, FL for $ 5.1 million, or about $ 94,000 per unit, to The Gables at Honore LLC. The 59,800-square-foot condominium community consists of 29 buildings in the Sarasota MF submarket. It was 85 percent occupied at the time of sale. Sean […]

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Saglo Development Corp Buys Marketplace at Cypress Creek Bldg 1

Saglo Development Corporation acquired the Marketplace at Cypress Creek – Building 1 at 717 Cortaro Dr. in Sun City Center, FL from special servicer C-III Asset Management (ML-CFC 2006-3 Marketplace LLC) for approximately $ 5 million, or almost $ 100 per square foot. The retail building delivered in 1989 in the Southeast Hillsborough submarket. It […]

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Development Joint Venture Reveals Details of $3 Billion Water Street Project in Downtown Tampa

Strategic Property Partners, LLC (SPP), a joint development venture between the Tampa Bay Lightning NHL team owner Jeff Vinik and former Microsoft chairman Bill Gates’ Cascade Development, has unveiled an official name for its $ 3 billion project to transform more than 50 acres in downtown Tampa. Water Street Tampa will be built in several […]

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BTI Sells 42-Acre Development Site in Davenport

BTI Partners sold the Posner Park development site at US Hwy 27 and I-4 in Davenport, FL for $ 9.92, or about $ 235,000 per acre. An investment group led by Intram Investments, Inc., an Orlando-based real estate development and restaurant investment company, acquired the 42.2-acre Posner Park, located within a master-planned community adjacent to […]

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