Jeff Vinik-Cascade Investment partnership buys historic Tampa building for offices

An affiliate of Strategic Property Partners has purchased a historic downtown building for use as its office space as it forges ahead with a massive redevelopment of the Channel District. 802 Whiting LLC acquired a 1920s-era building at 802 E. Whiting that housed a paper company and wholesale grocer before becoming the District 3 event […]

Fla. Jury Awards $44M To Investors In Failed Condo Project

A Florida jury on Thursday awarded $43.9 million to an investment group that includes billionaire Wayne Huizenga and former Miami Dolphins quarterback Dan Marino for a condominium project that failed financially after a Wachovia employee sent out confidential contact information to more than 100 condominium buyers. The jurors in Fort Lauderdale hit Wachovia Mortgage Corp. […]

The price of homes in the Tampa Bay area continues to soar

Pinellas, Pasco and Hernando counties also showed dramatic increases as buyers vied for an exceedingly tight supply of single-family homes — Pasco had less than a three-month inventory. And even though interest rates have risen slightly since the presidential election, there is little sign the market is slowing down. “We haven’t noticed any impact yet,” […]

5 Tips for Investors With Limited Cash to Purchase Their First Properties

At trillions of dollars, it’s no secret that the real estate market has been one of primary resources for the world’s wealthy to to pad their accounts. But contrary to popular opinion, real estate is still a desirable asset class for entrepreneurs with smaller bank accounts. Individuals who budget wisely and do their research can […]

Landlord Nation: Boomers’ New Retirement Plan Is Millennials Paying Rent

Pete Pollinger and his wife, Julie, are relocating from Boca Raton to Melbourne, a city of about 70,000 on Florida’s Space Coast, named for its proximity to NASA rocket sites at Cape Canaveral and the Kennedy Space Center. They weren’t just hunting for a place to live. As they get ready to move this year, they’re […]

Tampa’s historic Mirasol apartment building sells for $10.4 million

The historic Mirasol apartment building near the entrance to Davis Islands has been sold and will continue as a multifamily rental property. The price for the 58-room building, built in the 1920s, was $10,375,000, according to Frank Carriera, an agent for Carriera Regan of Marcus & Millichap, which represented both the buyer and seller. Carriera […]