Blog Archives

RLJ Lodging Trust Sells Renaissance Vinoy St. Petersburg Resort & Golf Club for $185 Million

Publicly traded real estate investment trust RLJ Lodging Trust sold the Renaissance Vinoy St. Petersburg Resort & Golf Club in St. Petersburg, Florida, for $ 185 million. The Bethesda, Maryland-based hotel investor sold the resort to SCG Hospitality, which is tied to the National Football League’s Tampa Bay Buccaneers co-owner Bryan Glazer, according to local […]

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Imperial Acquires Newly-Built Wawa in St. Petersburg

Locally-based investor Imperial Co., Inc. acquired a recently-built Wawa location in St. Petersburg, FL from RMC Property Group for $ 5.37 million, or roughly $ 877 per square foot. Wawa, a convenience store chain headquartered in Media, PA, is currently leasing the 6,119-square-foot property on a 20-year, triple net term, according to an offering memorandum […]

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Directed Capital to Relocate HQ to Morgan Stanley Tower in St. Petersburg

Directed Capital, a real estate investor that also specializes in acquiring and originating commercial mortgage debt, will be relocating its headquarters this summer to a 13,460-square-foot space within the Morgan Stanley Tower in St. Petersburg, FL. Christopher Moench, CEO of Directed Capital, noted in a release that the firm had anticipated expanding its staff as […]

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Special Announcement: CoStar Power Broker Award Winners Named in Tampa/St. Petersburg

The top-performing commercial real estate firms and brokers in Tampa/St. Petersburg in 2017 were recognized as winners of the annual CoStar Power Broker Awards. Now in its 17th year, the awards recognize those who perform at the highest levels in commercial real estate brokerage. Every year, CoStar’s research team verifies and records the commercial real […]

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Convexity Properties Sells Urban Style Flats in St. Petersburg for $46.3M

Novel Property Ventures acquired the Urban Style Flats apartments at 310 10th St. S in St. Petersburg, FL for $ 46.25 million, or about $ 96,000 per unit, from Chicago-based Convexity Properties. The 481-unit, 227,240-square-foot multifamily property was built between 1971 and 1978, situated within walking distance of many attractions such as Tropicana Field, the […]

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