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Florida Panhandle’s Commercial Real Estate Market May Face Lengthy Recovery

First Federal Bank in Panama City, Florida.Credit: Jeff Gammons, @StormVisuals As workers assess the property devastation on the Florida panhandle from Hurricane Michael, the condition of the area’s commercial real estate is on display over at the region’s retail center for the past 40 years, the Panama City Mall. It remained closed – and the […]

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Florida Panhandle’s Commercial Real Estate Market May Face Lengthy Recovery

First Federal Bank in Panama City, Florida.Credit: Jeff Gammons, @StormVisuals As workers assess the property devastation on the Florida panhandle from Hurricane Michael, the condition of the area’s commercial real estate is on display over at the region’s retail center for the past 40 years, the Panama City Mall. It remained closed – and the […]

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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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Publix’s Planned HQ Expansion Set to be Largest Office Construction Project in Lakeland, Florida in Over a Decade

Publix plans to expand its existing 320,000-square-foot corporate headquarters in Lakeland, Florida by an additional 190,000 square feet, one of the most significant office construction projects for the Lakeland area in more than a decade. Florida Gov. Rick Scott announced this week that the grocery store chain’s headquarters expansion is set to bring more than […]

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Sears to Sell Three Florida Stores, Distribution Center

The Sears store in Daytona Beach, Florida, is one of three being listed for sale. Sears Holdings is unloading 2.35 million square feet of real estate across Florida, including the state’s largest industrial building, as the struggling national retail stalwart shrinks its brick-and-mortar footprint, shores up capital and focuses on online sales. Avison Young said […]

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