Tampa
HFF Secures $30M Financing for One Progress Plaza
Holliday Fenoglio Fowler L.P. has secured $30.8 million in financing for the tallest building in Pinellas County—One Progress Plaza—according to company officials. Working exclusively on behalf of owner Kucera Properties, HFF placed the 10-year, fixed-rate loan with American National Insurance Co., which is headquartered in Galveston, Texas.
Award-Winning Colliers Tampa Bay Closes Industrial Lease
Colliers International Tampa Bay has become a regular feature in local media this past month, having won six major honors at the Florida Gulfcoast Commercial Association of Realtors and Real Estate Professional’s annual Pinnacle Awards.
Local Beer Distributor Buys 96-Acre Tract in St. Petersburg
In one of the largest land sales in the Tampa Bay area in recent years, Great Bay Distributors Inc.—one of Florida’s largest distributors of Anheuser-Busch products—has purchased a 96-acre tract in north St. Petersburg for $9.8 million. The company plans to build a distribution facility and warehouse on the site at some point in the future.
Colliers International Markets Trammell Crow’s SouthGate Tower
Colliers International has been selected by Trammell Crow Co. to market the developer’s SouthGate project, the first hotel and office project to be built in downtown Tampa in more than 20 years.
Construction to Start on Huge Housing Community in Hillsborough County
The Tampa Bay area is now one step closer to accommodating one of the nation’s largest housing communities, as construction is set to start on Waterset, a huge development in southern Hillsborough County.
Luxury Apartments at the Ovation Nearly Sold Out
At a time when most developers feel the need to lower prices in order to sell units, the developer of Ovation—JMC Communities—can pride itself on the achievement of selling all but four of the 45 luxurious units at the original 2006 asking price.
Parkway’s Fund II Buys The Pointe for $47M
Along with the sale of 111 East Wacker Drive in Chicago and that of Atlanta’s Falls Pointe, Parkway Properties Inc. has announced the purchase of The Pointe in Tampa for $46.9 million.
Clearwater Home to New Colliers National Student Housing Group
Colliers International has officially announced the launch of its National Student Housing Group, to be led by two of the nation’s top student housing real estate brokerage professionals, Dorothy Joffe Jackman and Travis Prince.
FCA Completes 2011 Buying Streak with 212 Tampa Units
FCA Group, the North and Central American real estate investment and property management arm of global conglomerate the Libra Group, has announced that the company’s 2011 investments are now up to $75 million, following the recent purchase of 212 residential units in Tampa.
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