Blog Archives
Kane Plaza Trades for $16.4 Million in Sarasota
Locally-based TerraCap Management sold the 10-story Kane Plaza in Sarasota, FL to a private investor taking title as JLK Global Fund U.S. 2 Inc. The 77,089-squre-foot medical office building traded for $ 16.35 million, or approximately $ 212 per square foot. Kane Plaza was built in 2000 at 1 S. School Ave. in downtown Sarasota, […]
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Sarasota Multifamily Construction Boom Continues
Pictured: Bold Lofts in Sarasota, FL. Construction on the 97-unit apartment complex is slated to be completed this August. As with much of Florida, Sarasota was late to fully em Tampa/St. Petersburg Commercial Real Estate News From CoStar Group
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Ryan Companies Secures $16.7M in Construction Financing for Senior Living Community in Sarasota
Ryan Companies U.S., Inc. secured $ 16.699 million in construction financing for the planned development of the Grand Living at Lakewood Ranch senior living facility at 7230 University Pky in Sarasota, FL. David Fasano, Sarah Anderson, Ryan Maconachy and Chad Lavender of HFF arranged the financing on behalf of the borrower. With financing in place, […]
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Sarasota Floridian Secures Construction Financing for Floridian Club of Sarasota
Sarasota Floridian LLC secured a $ 44.8 million construction loan for its proposed The Floridian Club of Sarasota apartments located at 2445 E. Venice Ave. in Venice, FL. Ben Jacobson of Trez Forman Capital Group arranged the financing on behalf of the borrower. “We are bullish on housing aimed at baby boomers,” said Brett Forman, […]
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Ashford Prime Enters Sales Agreement for Ritz-Carlton Sarasota
Ashford Hospitality Prime Inc., based out of Dallas, has entered into an agreement to acquire the Ritz-Carlton Sarasota hotel at 1111 Ritz Carlton Dr. in Sarasota, FL. The estimated purchase price of $ 171 million would result in year-one CAP rate of 6 percent, according to sources. Built in 2001, the 266-room, 775,013-square-foot hospitality building […]
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